Discovery Thinking Video

Ernie Leyendecker - Discovery Thinking: The Gulf of Mexico Advantage

Discovery Thinking Forum, ACE 2014 Houston

7 April, 2014 | 0

Summary

Discovery Thinking - The Gulf of Mexico Advantage. Discovery Thinking talk given by Ernie Leyendecker at AAPG Annual Convention and Exhibition in Houston, Texas, April 7, 2014.

Key Points

Geologic Advantage
- Prolific Deepwater Basin
- Great Petroleum System
  - World Class Source Rock
    - Restricted basin
    - Paleoclimate
    - Oil prone
  - Thick Tertiary Section
    - Rapid deposition
    - Excellent reservoirs
    - Multiple objectives
  - Salt Tectonics
    - Structural complexity
    - Migration pathways
    - Traps & seals
Commercial Advantage
- High-Margin Oil
- Fiscal System
- Access
Competitive Advantage
- Extensive Infrastructure
- Comprehensive Service Sector
- Skilled Workforce

Discovery Thoughts

Keys to Success
Land is the Basis for all Wealth – Build Running Room
Oily Basins…Keep Giving
Petroleum Systems…All Elements are Critical
Drill Good Prospects Near Good Infrastructure
Drill Good Geology not Good Seismic Images
Unknown Unknowns
The Absence of Evidence is not the Evidence of Absence

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