Publications

Explorer Historical Highlights By Peter Rose

A Player in the Emergence of E&P Risk Analysis

By the time they are drilled, almost all exploratory ventures today will have been geotechnically, statistically and economically analyzed to estimate their ultimate recovery of oil or natural gas, or its EUR, and its present monetary value, or PV, given discovery. This process is generally known as “exploration risk analysis” and it evolved primarily as a response to an endemic problem: explorers were discovering less than half of the EURs they forecast for their investors.

Added on 01 December, 2018

Explorer Article By Michael Gardosh

The Israeli Gas Revolution and the Emergence of the Eastern Mediterranean Gas Province

An old joke used to be told in Israel: Why did Moses so unwittingly lead the Jewish people to the land of milk and honey and not to one of its petroleum-rich neighbors? Not anymore. In the last decade, giant gas fields have been discovered in the Eastern Mediterranean Sea offshore Israel, and offshore gas is rapidly becoming the main source of energy for power generation.

Added on 01 December, 2018

Bulletin Article By Fei Liu,Hucheng Deng,Jon Gluyas,Meiyan Fu,Mingsheng Tong,Tingting Huang,Wen Zhou,Xingjian Wang

Ahdeb oil field, Mesopotamian Basin, Iraq: Reservoir architecture and oil charge history

Ahdeb Oil Field is located in the Mesopotamian Basin of central Iraq within a NW-SE trending anticline. There are seven oil bearing layers in the eastern area in the field, but only one oil bearing layer in the western area.

Added on 21 November, 2018

Explorer Director’s Corner By David Curtiss

Standing Still Is Not an Option

Notwithstanding the increases in oil prices we’ve seen in recent years, the cost controls put in place in response to the downturn persist. And it’s not just E&P companies looking to the future and tightening their belts. The major oil and gas producing economies are, too.

Added on 01 November, 2018

Explorer Emphasis Article By Emily Llinás

Using Integration to Mitigate Uncertainty

A strategy gaining force to reduce risk and improve decision-making in recent years is “integration,” the practice of combining disparate teams to complete single projects. Integrated teams are increasingly common in the energy sector, where single business units include geologists, geophysicists, petrophysicists, engineers and other professionals who work on a common project.

Added on 01 November, 2018

Explorer Emphasis Article By David Brown

The Exploration Transformation

The world is awash in oil at the moment, but with chronic underinvestment in exploration coupled with global energy demand steadily rising, the stage may be set for an oil price spike in the years to come, according to some analysts. Others, on the other hand, predict that improved production methods and project efficiency will go a long way toward meeting supply demands with existing reserves.

Added on 01 November, 2018

Explorer Emphasis Article By Ken Milam

Supercomputers Push Exploration Boundaries

Saudi Aramco hopes to push the boundaries of exploration by creating and encouraging new technologies. The company said it is pursuing the promise of “the fourth industrial revolution” through Big Data and supercomputing and investigations into nanotechnology applications.

Added on 01 October, 2018

Explorer Emphasis Article By David Brown

The Exploration Conundrum

Oil companies made huge cuts in their exploration budgets during the 2015-17 industry downturn, canceling or postponing up to $1 trillion overall in scheduled and planned projects. At the same time, success rates for international exploration dropped to 50-year lows. The outlook for future reserves has stumbled, if not tumbled.

Added on 01 October, 2018

Africa Blog By Grant Smith

ICE 2018 Registration is Now Open!

Renowned for its geological and geographical composition, Cape Town provides an ideal setting for the world’s leading geoscientists to connect and share knowledge. Register before 23 August and receive early bird pricing!

Added on 01 August, 2018

Explorer Director’s Corner By David Curtiss

Oil Markets in the Balance: The Role of Unconventional Resources

All eyes were glued on Vienna last month as OPEC gathered to assess oil market conditions and set production targets for its member countries to ensure adequate supplies, but also to support oil prices.

Added on 01 July, 2018

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