Discovery Thinking Forum, ACE 2014 Houston
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