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Business and Economics

Explorer Director’s Corner

Producers are feeling the pinch: they’ve got to drill ever more wells to stay ahead of their production declines. Increased production is weighing on crude oil prices – you get the benefit of this supply in resilient markets, but it is shrinking margins and available cashflow to fund this drilling. And at the same time, the financial community is pulling back, restricting access to capital. The industry is reshaping itself yet again in response to new market realities, looking for new ideas and better approaches and operating models.

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American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

Most contributions to the exploration community that get attention in articles and conventions concern the essential technical issues: petroleum geology, prospect/play risk analysis and volume expectation, economics, etc. However, once the prospect has been evaluated and the project is validated

American Association of Petroleum Geologists (AAPG)
Explorer Article

As the global energy sector gains momentum and companies enter licensing rounds, the need for quick access to data holds fundamental importance. Increasingly, operators large and small are turning to multiclient companies who have the information and images that help them make decisions about entering a new area.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

“Undoubtedly, yes, the world must accelerate its transition to renewable energy. Cost is no longer a major barrier for renewables.” That’s Sir Mark Moody-Stuart, chairman of the United Nations Global Compact Foundation, an organization dedicated to finding what it calls “lasting solutions” to the world’s pressing global needs, including, for our purposes here, energy.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

While many see the energy transition as the switch from carbon-based to non- carbon-based fuels, Scott Tinker sees a broader definition. Tinker, past AAPG president, director of the Bureau of Economic Geology and Texas state geologist, suggested the goal of a successful transition is lifting some 2.5 billion people out of poverty by addressing energy poverty, as well as by minimizing environmental impacts.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Lower cost and lower carbon. That’s the energy future for which geoscientists need to start preparing now, according to Neal Anderson, president and CEO of Wood Mackenzie in Edinburgh, one of the world’s leading energy research and consulting firms.

American Association of Petroleum Geologists (AAPG)
Explorer Director’s Corner

One of the aspects I find fascinating about this industry is its incredible variety, and that’s not a word often used to describe a commodity business.

American Association of Petroleum Geologists (AAPG)
Explorer Article

For a long time, executives and human resource professionals have discussed the challenges the oil and gas industry would face once baby boomers began to enter retirement age. So, when Stephanie Nwoko proposed the Mid-Career Special Session to the 2019 AAPG Annual Convention and Exhibition Technical Planning Committee Co-Chair Lorena Moscardelli, it was wholly supported and approved to go ahead.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

The two most compelling words in the Middle East oil industry today might be “natural gas.” And there are other, increasingly important word pairs not usually associated with the Middle East oil industry, like “unconventional resources” and “renewable energy.”

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Digital transformation is taking place in oilfields all around the globe, but the Middle East is pursuing it most aggressively. It is estimated that Middle Eastern oil companies have more than doubled their investments in digital technology over the last four years, said Vivek Chidambaram, managing director of Accenture Strategy, a multinational consulting company.

American Association of Petroleum Geologists (AAPG)
Workshop
Muscat, Oman
Monday, 21 November Wednesday, 23 November 2022, 8:00 a.m.–5:00 p.m.

By investigating petroleum systems, we can potentially reduce the risk of hydrocarbon charge and help define the commerciality of potential prospect and leads. Predicting oil versus gas, making predictions on oil quality or condensate-gas ratio can allow informed decisions to be made pre-drill. Advances have been made in the recent past to address subjects as diverse as, non-hydrocarbon gases, the potential for unconventional hydrocarbons, the role of hydrodynamics, the presence of tilted fluid contacts, the formation of microbial gases, phase prediction and in-reservoir fluid alteration processes. The purpose of this workshop is to address these and other subjects and to discuss the main challenges present in our current understanding of petroleum systems in the Middle East. Mark your calendar to attend this pertinant and revealing workshop.

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American Association of Petroleum Geologists (AAPG)
Workshop
Trabzon, Turkey
Tuesday, 6 September Wednesday, 7 September 2022, 8:00 a.m.–5:00 p.m.

Join us in Trabzon, Turkey, for "Exploration and Production in the Black Sea Region and Super-Basin Thinking" a AAPG Europe Geoscience Workshop to be held on September 6-7, 2022.

American Association of Petroleum Geologists (AAPG)
Short Course
Tunis, Tunisia
Monday, 12 September 2022, 8:00 a.m.–4:30 p.m.

This short course will comprise lectures, short exercises and discussion sessions. The course will focus on a number of case studies that link outcrop and subsurface geology and have relevance to petroleum exploration and production. Case studies range from Silurian to Miocene in age and come from North African and Mediterranean Basins. The course builds on basic knowledge of sedimentary geology but does not require specialist skills from participants.

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American Association of Petroleum Geologists (AAPG)
Field Seminar
Tunis, Tunisia
Thursday, 15 September Saturday, 17 September 2022, 8:00 a.m.–5:00 p.m.

The structurally complex area of Northern Tunisia (onshore and offshore) corresponds to a fold and thrust belt (FTB) zone, a result of the tertiary compressional/trans-pressional tectonics (Pyrenean and Alpine). This field trip will focus on the different structural styles in the different segments of the area using a rich amount of outcropping and subsurface data and their relationships within the petroleum systems components (source rock and reservoir Rock).

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American Association of Petroleum Geologists (AAPG)
Workshop
Lviv, Ukraine
Thursday, 21 September Friday, 22 September 2023, 8:00 a.m.–5:00 p.m.

Join us for a workshop where experts will  explore the Carpathian foreland and the Dnieper-Donetsk rift basins with a focus not only on hydrocarbons, but the utilization of geothermal resources, hydrogen exploration and CCUS.

American Association of Petroleum Geologists (AAPG)
Short Course
Sunday, 25 September 2022, 8:30 a.m.–9:30 a.m.

Date: 25 September 2022 Time: 8:30am - 4:30pm Course Instructor: Alberto Ortiz, Net Zero Carbon Solutions Registration Fee: $530 Registration Deadline: 25 August 2022 Short Course registration is included as part of the GTW registration process. The petrophysical characterization of unconventional shale-type reservoirs has been one of the most approached and relevant issues in the oil and gas industry in the last 8 years. This is because after several years, the operating companies comprehended the impact that an appropriate characterization of the reservoir has on their project economics. Another reason for this were the technical obstacles encountered in the measurement of petrophysical properties such as porosity, saturation and permeability due to the complexity of this type of reservoir. Obstacles and limitations not only relate to laboratory measurements but also to electrical logging tools. As a consequence of this, nowadays, petrophysical evaluations in this type of reservoir do not have standardized workflows established and accepted worldwide as is the case for conventional reservoirs. This motivates the professionals involved in the study of this type of rocks to dedicate a lot of effort in the validation of the technologies used, and sometimes it is difficult for them to understand the results, the evaluation of uncertainties and the construction of petrophysical models with results and representative parameters of the subsurface conditions. This course will focus on providing key knowledge for a better characterization of the rock both in the aspects related to the matrix represented by mineralogy and kerogen as well as the fluids present. The approach will be based on the convergence of different technologies that support and give robustness to the results. The contents that will be provided will include laboratory testing techniques and petrophysical evaluation of electrical well logs for unconventional shale-type reservoirs. The contents provided will cover a variety of studies based on the most diverse physical principles that will include the latest advances and techniques used in the industry such as Nuclear Magnetic Resonance, Spectroscopy, Dielectric, Computed axial tomography and SEM images, among others. As a result of this, attendees will have tools that allow a more comprehensive understanding of this type of rocks, a better assessment of the uncertainty of the model used and the necessary steps to improve its precision, accelerating the learning curve. The contents provided will also allow knowing the critical parameters that must be taken into account for the definition of areas to be drilled. Course Topics Reservoir heterogeneity characterization from outcrops to lab data and electrical logging. Most relevant unconventional plays of the world. Main characteristics. The petrophysical model. Components and definitions, construction, uncertainties, strengths and weakness. Lab studies: porosity, saturation, mineralogy, organic geochemistry and permeability. Electrical logging response on unconventional shale plays: triple combo, NMR, NMR T1T2, nuclear spectroscopy, spectral GR, dielectric. The effect of maturity on kerogen. Challenges on water saturation calculation. Data integration. Interpretation workflows and core calibration.

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American Association of Petroleum Geologists (AAPG)
Workshop
Sydney, Australia
Wednesday, 6 July Thursday, 7 July 2022, 8:00 a.m.–5:00 p.m.

As we transition to a new commercial reality for our industries, there has never been a more important time for Earth Scientists to take a seat at the table. This workshop is designed to share our knowledge of the petroleum sector with other branches of the geosciences, while learning from their experiences. Join us for this hybrid online and in-person workshop on 6 July 2022.

American Association of Petroleum Geologists (AAPG)
Workshop
Lisbon, Portugal
Thursday, 18 May Friday, 19 May 2023, 8:00 a.m.–5:00 p.m.

This 2-day conference brings together diverse experts working on modern and ancient turbidite, MTDs, contourite and hybrid/mixed systems in order to improve the present-day knowledge, models and predictive power.

American Association of Petroleum Geologists (AAPG)
Workshop
Manama, Bahrain
Monday, 26 September Wednesday, 28 September 2022, 8:00 a.m.–5:00 p.m.

The workshop aims to provide a comprehensive understanding of the source rocks in the Middle East. The technical program is developed in a way that coves the depositional environments and transport processes, basin modeling and detailed rock characterisation including geochemisty, geomechanics and petrophysics.

American Association of Petroleum Geologists (AAPG)
VG Abstract

This is a less-technical education topic. It can be condensed to an hour or given as 2 two-hour sessions. It stresses selected controversial aspects of fracking that touch some combination of environment and economics and includes a short video of how fracking is done.

Request a visit from David Weinberg!

American Association of Petroleum Geologists (AAPG)

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