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Exploration Success Equation, Forecasting Abilities of Explorers, and the Role of Luck in Petroleum Exploration

Occurred Thursday, 18 June 2020, 11:00 a.m.–12:00 p.m.  |  Virtual Webinar via Zoom (Singapore time)

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Presented by Alexei V. Milkov, Director of Potential Gas Agency, Colorado School of Mines

An exploration company is successful when it predictably and consistently creates high value from petroleum exploration. When defined like that, exploration success depends on the right combination of property (acreage), processes, people, and luck. In this talk, I will address less-understood elements of the exploration success equation such as forecasting abilities explorers, related biases, and the role of randomness, serendipity, and luck in the outcomes of exploration projects.

Recorded Presentation

This recording is free to watch. Click on the picture or the title of the video to begin watching online.

Adrienne Pereira
Alexei V. Milkov
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The American Association of Petroleum Geologists (AAPG) does not endorse or recommend any products and services that may be cited, used or discussed in AAPG publications or in presentations at events associated with AAPG.