Experts emphasise new data, models in oil exploration, investment

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 94%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Stakeholders in the petroleum exploration industry have reiterated the need to harness opportunities offered by new data and modelling techniques in making key investment and well drilling decisions. Nigeria OilExploration

According to them, access to data, either seismic, facies or spatial, helps geologists make better informed decisions in assessing a well or location for development.

In parallel, data quality and quantity were increasing, whether seismic or well-related, and it is necessary to provide techniques allowing their integration in the models. He explained that while reservoir models are akin to weather forecasts used for production forecasts, build development schemes and make investment/divestment decisions; to achieve this model, a lot of considerations are checked through the seismic data and history matching. Uncertainties are equally accounted for by balancing the risks and benefits of investments.

He also urged geoscientists to avoid volume bias as different proportions of facies impact volumes, while highlighting the need to convert naturalist information to numerical format, geological spatial organisation.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 1. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

New PIB Designed To Make Nigeria Investment Haven – SylvaThe minister of state for Petroleum Resources, Chief Timipre Sylva, yesterday said the country\u2019s oil and gas industry was being positioned to become an investment destination as the new petroleum industry bill (PIB) will take care of all issues related to making the sec- tor attractive to investors. Speaking at the ongoing Society of Petroleum
출처: LeadershipNGA - 🏆 4. / 77 더 많은 것을 읽으십시오 »