5 graduate students (preferably masters-level students, but up to 2 Ph.D. students) plus 1 faculty advisor as team coach.
Datasets:
Regional in scale.
2D and 3D seismic data.
Well data (may include: petrophysical logs, cores, core analysis results, pressures, fluids, well tests, etc.), and other data.
Schools may choose from one of two data sets provided by the IBA committee via DVD or external drive, which are mailed to participating schools during the first week of January.
Schools may provide their own datasets as long as they are approved by the IBA technical subcommittee. Any outside dataset used is automatically donated to the IBA technical library for future IBA competitions and will be restricted to future IBA competitions.
Evaluation goals:
Complete a technical assessment of the basin’s petroleum potential.
Define the key plays, petroleum systems and leads/prospects
Recommend a “drill” or “no drill” plan for future exploration activity based on prevailing technical and economic conditions for a new farm-in opportunity.
