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.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: LeadershipNGA - 🏆 4. / 77 Read more »