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INTRODUCTION TO
EXPLORATION
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EXPLORATION
This Exploration overview includes:
Exploration Processes
History of Exploration
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Key Steps in Exploration
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The Play
Step 1:
Understand and evaluate the geologic
setting, called a play.
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Obtaining a Lease
Step 2:
Obtain access to the potential reserves
usually in the form of a lease.
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Drilling a Wildcat Well
Step 3:
Determine where to drill and complete
a successful discovery or “wildcat
well.”
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Recognizing Reserves
Step 4:
Add additional hydrocarbon reserves to
the oil company portfolio using
guidelines set by the Society of
Petroleum Engineers (SPE) and the US
Securities and Exchange Commission
(SEC).
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What are Fossil Fuels?
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Early Hydrocarbon Discoveries
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Introduction of Seismology
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Refraction
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Seismic Goes 3-D
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Exploration - Finding Reserves
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The Basin-Play Concept
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What is a Basin?
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What is a Play?
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Drilling Prospects
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Before the Play Concept
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Play Concept - Reducing Risk
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An Iterative Process
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Reservoir Delineation
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There's More?
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Who are we?
EKT Interactive staff have provided oil and gas training
since 1986.
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