CHAPTER 9 FORMING A 21ST CENTURY OIL AND GAS PROSPECT

• Jurisdiction: United States

Basic Oil & Gas Geology And Technology For Lawyers And Other Non-Technical Personnel
(2001)
CHAPTER 9
FORMING A 21ST CENTURY OIL AND GAS PROSPECT
Stephen Pickering
WesternGeco
Houston, Texas
Philip Fontana
WesternGeco
Houston, Texas
Martiris F. Smith, Marketing Manager — Global Data Processing
WesternGeco
Houston, Texas
Don McKelvie
Baker Atlas
Houston, Texas

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We shall provide this audience a synthesis of the various technologies and processes explained in the preceding day-and-a-half. We shall explain how these component elements are accessed and evaluated in "Forming a 21st Century Oil and Gas Prospect." We will demonstrate that our industry is an elaborate intertwining of leading edge information technology, geosciences, risk assessment, and the soft are of "interpretation." Without computers and up-to-the-minute training at the cutting edge of technology, we would not be able to deliver the efficiencies that translate into the provision of gas at the pump at less than the unit cost to purchase mineral water at the store.

Although our process of Forming a 21st Century Oil and Gas Prospect is an iterative process, which in larger corporations would involve many specialists often in multidisciplinary teams, we shall for simplicity this afternoon present you a linear and simplified flow. We shall start the cycle with the assessment and access...