Implementing computer-aided EandP environments
Journal Article
·
· World Oil; (United States)
OSTI ID:6828218
Interactive interpretation workstations are fast becoming an accepted and necessary tool for the geophysicist. In addition, advances in the price/performance of computer technology now make it feasible to provide computer-aided exploration (CAEX) tools to a broader spectrum of exploration professionals. That is, an ever-growing number of geophysicists, geologists, and even reservoir engineers, soon will be able to use CAEX systems economically and effectively. With CAEX tools available to all key participants in an oil company's decision-making process, improved drilling (and production) decisions will be made due to CAEX's ability to provide its users with more complete and accurate pictures of the Earth's subsurface. And in today's fiercely competitive, cost-constrained marketplace, improved drilling decisions often provide the added advantage needed for success. Worldwide figures indicate only one exploration well in seven finds commercial oil gas - a success rate of less than 15%. And five of the six unsuccessful wells are due to interpretations errors, or unclear subsurface pictures. This situation clearly describes the need for further investment in CAEX tools, which promise improved subsurface images.
- Research Organization:
- Landmark Graphics Corp., Houston, TX
- OSTI ID:
- 6828218
- Journal Information:
- World Oil; (United States), Journal Name: World Oil; (United States) Vol. 204:1; ISSN WOOIA
- Country of Publication:
- United States
- Language:
- English
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