Exploration: The Ingredients for Future Success

An iEnergy Webinar

TITLE: Exploration: The Ingredients for Future Success

DATE: Jan. 18, 2018

TIME: 8am CST

ABSTRACT

To paraphrase literary icon Mark Twain, reports of the death of exploration are exaggerated. Substantial industry investment in exploration continues. Oil and gas are expected to form an essential part of the energy mix for future decades and, despite abundant discovered resources, new exploration is driven by the need for companies to replace their reserves, as well as by the energy security concerns of individual countries. Competition also drives exploration — if a company can discover and produce a new resource cost-effectively, it can displace a more expensive product in the market.

The commitment to ongoing exploration is seen every day in the activities of oil companies, both large and small. The recent discoveries in the Black Sea and in Neuquén Basin, Argentina highlight the potential rewards. Many underexplored basins exist in the world, but discoveries are not as common as they used to be because more complex plays are being explored that carry greater geological risks. A focus on improving geological prediction through the vast array of geoscience techniques and tools at the disposal of the industry should significantly help improve exploration success and reduce finding costs.

SPEAKER BIOS

Mike Simmons, Ph.D., a Halliburton Technology Fellow for Geosciences, responsibilities include investigating and advancing innovations in geoscience as applied to the hydrocarbon exploration process. Prior to being named a Halliburton Technology Fellow, Simmons was the Earth Model Director at Neftex, the industry leader in sequence stratigraphy-based solutions for exploration geosciences. Simmons’ earlier career encompassed BP, Aberdeen University and CASP at Cambridge University.

Simmons’ main interests are applied stratigraphy and the geology of the Tethyan region. He teaches at a number of universities where he promotes the value of sequence stratigraphy in the exploration process.

You can learn more and register for this webinar here.