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Business and Economics

Explorer Readers Forum

Civilization can only exist with energy. Petroleum provides most of the energy and products we need to live environmentally responsible, healthy, sustainable and comfortable lives. Recent events in Europe prove that petroleum continues to be critical. In the first three articles of this series, we discussed the petroleum base “wedge” to various energy sources, the skill sets needed to find petroleum (and the resources offered by AAPG to develop those skills) and the unintended consequences and limits to alternative low-density energy machines. We should also explore why petroleum matters.

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American Association of Petroleum Geologists (AAPG)
Explorer Geophysical Corner

The September 2021 Geophysical Corner was an article entitled ‘3-D Visualization and Geobody Picking of Amplitude Anomalies in Deepwater Seismic Data,’ in which we reviewed the use of geobody tools to rapidly visualize the extent of geologic features that give rise to a strong seismic amplitude response. For seismically thin reservoirs, the response of a gas-saturated sandstone gives rise to a trough at the top and a peak at the base. In this case, we would need to select two separate geobodies to map the reservoir.

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American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

The small town of Cunningham, Kansas lies about 65 miles straight west of Wichita on U.S. Highway 54. It was incorporated in 1887 as a commercial center for farmers and ranchers in that part of south-central Kansas. Hard winter wheat was the main cash crop, while herds of beef and dairy cattle were a close second source of income. This activity characterized the culture of Cunningham into the early years of the 20th century. That is, until a new industry was introduced to Kansas when, in 1915, oil was discovered in the El Dorado field northeast of Wichita.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

How the oil and gas business finds investors is changing. Again. But it may change back. Or not. “The private equity firms that have traditionally funded new hydrocarbon companies are facing new pressure from their investors to stop placing capital in oil and gas, and the desire for quick profit – or even profit at all – has become secondary to a perceived battle against carbon dioxide,” said Don Burdick, who understands how counterintuitive not making a profit sounds. On the surface, it’s a startling development.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Put pressure on the United States to increase oil and natural gas production and the burden mainly falls on unconventional resources. Will operators be up to the challenge? Near-term projections call for U.S. oil output to grow by 1 million barrels per day. A difficult operating environment will make that increase a struggle, but the very nature of unconventionals offers cause for optimism.

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

In February, TotalEnergies announced a significant light oil discovery in the Orange Basin, offshore Namibia. Reuters reported a source suggesting that the Venus-X1 well may have found more than 1 billion barrels of oil equivalent. This was the second significant discovery announced in the basin that month. The offshore continues to deliver new oil and natural gas discoveries worldwide. And as this issue hits your inbox, the offshore is the primary topic of discussion in Houston as the 2022 Offshore Technology Conference returns to NRG Park from May 2-5.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Located in the Orange Basin, along the passive west coast of the continental margin that straddles the borders of South Africa, there has been a discovery of an oil province in Namibia – the offshore Graf and Venus fields – that likely contains billions of barrels of oil resources. That’s according to Robin Sutherland, an exploration manager for Monitor Exploration, a UK-based private exploration company involved in oil and gas exploration in Africa. Of equal importance, he said, is the recent drilling by ReconAfrica, which “clearly proves” that the Ovambo Basin, a large pre-Cambrian basin in the far north of Namibia, is oil bearing with very significant potential. “Both of these events represent major changes to our understanding of the potential of Namibia,” said Sutherland.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

These days, more uncertain than the price of gas, especially with the announcement last month from the administration to ban the import of Russian oil and gas, combined with the European Union’s decision to cut imports by 80 percent, is the question of whether the world will get the energy it needs – and who will provide it. To that end, it’s worth considering what conventional oil and gas reservoirs here in America can be drilled and placed online quickly to help fill that need.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Geoscientists and industry leaders throughout the world are preparing for the International Conference and Exhibition Cartagena 2022, AAPG’s flagship international event taking place in Cartagena, Colombia, April 19-22. Held for the last time in Buenos Aires in August 2019, ICE returns to Latin America after a three-year break imposed in part by the COVID-19 pandemic.

American Association of Petroleum Geologists (AAPG)
Explorer Article

For Colombia’s National Hydrocarbon Agency and national oil company Ecopetrol, now is the perfect time to seek opportunities in a country providing diverse geological potential, a prepared workforce and contractual stability. They believe that Colombia is that country, and they are prepared to make their case as principal sponsors and hosts of AAPG’s International Conference and Exhibition taking place in Cartagena April 19-22.

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)
American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 11 February 2010, 12:00 a.m.–12:00 a.m.

Gas hydrates, ice-like substances composed of water and gas molecules (methane, ethane, propane, etc.), occur in permafrost areas and in deep water marine environments.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 30 July 2020, 8:00 a.m.–10:00 a.m.

Hear panelists’ views on how COVID-19 has affected the legal, financial and technological sectors of the energy industry and what they expect for the future. Topics include energy markets, public policy, infrastructure, transportation, corporate culture, digitalization and the energy transition. Send questions and comments for speakers, then make your voice heard in virtual roundtables opening 10 minutes after the panel discussion. Forum registration is free of charge thanks to support from our sponsors. Forum Registration

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 1 October 2020, 11:00 a.m.–12:00 p.m.

Join AAPG Asia Pacific to hear Agus Ramdahn, PhD to hear about a method of combining Bowers Method with density-sonic cross plots to estimate overpressure in the shelfal area of the Lower Kutai Basin This webinar will be presented via Zoom on Thursday 1 October at 11:00 Singapore Time

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 19 November 2020, 11:00 a.m.–12:00 p.m.

Hear John Kaldi speak about Integrated Approaches to Determining Net Pay: Caveats & Lessons Learned. Webinar presented via Zoom on Thursday 19 November 2020 at 11:00 SGT (GMT+8) Singapore time.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Virtual Online e-Symposium
Thursday, 19 November 2009, 12:00 a.m.–12:00 a.m.

This presentation will review the results of ongoing carbon storage research in Kentucky by the Kentucky Geological Survey (KGS) and industry partners.

American Association of Petroleum Geologists (AAPG)
Online Traditional Course
Wednesday, 1 January 2014, 12:00 a.m.–1:00 a.m.

Learn to critically evaluate current issues that can impact growth and sustainability of oil and gas ventures.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 2 October 2014, 2:00 p.m.–3:00 p.m.

This course is ideal for individuals involved in Midland Basin exploration and development. Successful development of Wolfcamp shale oil relies on complex inter-relationships (ultimately interdependencies) within and between a wide variety of scientific disciplines, financial entities, and company partnerships. 

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 14 April 2021, 7:00 p.m.–8:30 p.m.

Join us for 'Pivoting 2021: Energy Industry Supply Chains'. Panelists will discuss some of the most prominent advances in supply chain practice, including provenance, authenticity assurance, blockchain, automation, multiple sourcing, and 3D printing. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 14 April 2021.

American Association of Petroleum Geologists (AAPG)
Webinar
London, England
Wednesday, 24 February 2021, 2:30 p.m.–3:30 p.m.

Since the first explorationists discovered the subsurface potential in Tunisia, the country’s institutions took the role of a partner rather than only a regulator. Today, one of ETAP missions is promoting exploration opportunities in Tunisia through both regional and targeted approaches, including sharing knowledge, high-quality data and best practices. ETAP commits to supporting continued drilling activity in mature areas and encouraging/incentivizing exploitation of new and emerging plays.

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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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