The U.K.-based oil explorer estimates its Theta West project has about 1.4 billion barrels of recoverable resource based on analysis of a Basin Floor Fan discovery and 3-D seismic data.
Unconventional oil and gas resources present a significant challenge because so little of the data is known with great enough detail, says RED President Steve Hendrickson in a discussion on the tension between analytical and empirical approaches to type well profiles.
Companies introduce full-field fiber and seismic imaging to improve downhole insight.
The Spring 2021 meeting of the Colorado School of Mines’ Reservoir Characterization Project featured field projects around the globe including a Permian Basin project operated by Apache.
An integrated approach for reservoir characterization bridges the traditional disciplinary divides, leading to better handling of uncertainties and improvement of the reservoir model for field development.
Spudded in March, the Merlin-1 well is targeting 645 million barrels of prospective resource, 88 Energy says.
Operational issues prevented the Australian E&P from getting hydrocarbon samples from its two most prospective zones.
STRYDE CEO Mike Popham shares details about the company’s progress since being spun out of bp as well as its new nodal technology, 2021 plans and emerging trends.
The duo had hoped to reach deep Neocomian-aged targets, having already discovered oil and condensate in the Upper Cretaceous-aged Campanian and Santonian intervals.