Memoir 125: Giant Fields of the Decade: 2010-2020
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Description
Oil and gas fields greater than 500 MMBO equivalent called giants form the world’s ultimate exploration prize. Giants drive worldwide economies and human prosperity. Michel T. Halbouty encouraged geoscientists to practice discovery thinking and study fields that matter most when he initiated the Giant Fields Memoir series more than 50 years ago. About 60% of the world’s giant fields occur in only 5% of the sedimentary basins that dominate global production known as Super Basins. This Memoir also records the rise of giant field discovery trends linked to Super Basins and emerging Super Basins. The decade 2010-2020 marked a remarkable new wave of giant field stratigraphic trap discoveries. Enhanced seismic imaging enabled the giant field stratigraphic trap exploration success rate to rise to 60% versus a historical 10% success rate. Towering Sub-salt carbonate buildups and massive turbidite fans dominate the giant stratigraphic and combination trap discoveries. AVO and DHI analysis has also played a significant role in deep water successes in turbidite trends. Also, technology and discipline integration fuel the growth of big fields into giants.