GeoKnowledge Chief GeoScientist presents New Play Assessment Methodology

The April 2003 AAPG Bulletin has an interesting report from an April 10-12, 2002 symposium on "Resource assessment methodologies: Current Status and future directions" (by Robert A. Meneley, Alfred E. Calverley, Kenneth G. Logan and Richard M. Procter). The symposium was organized by the Canadian Gas Potential Committee.

GeoKnowledge's Chief Geoscientist Richard Sinding-Larsen, who is also Professor in Resource Geology at the Norwegian University of Science and Technology, presented a novel Bayesian approach to discovery-process modeling of play resources. The work was done jointly with Jingzhen Xu at the Norwegian University of Science and Technology. The new method is very flexible and allows for geological constraining of the discovery sequence. It is especially suited for the assessment of semi-mature to mature plays. Output is undiscovered resources by size class as well as the distribution of largest, medium and smallest sizes as a function of the number of undiscovered accumulations.

Here is the link to the full AAPG Bulleting report (membership required)

GeoKnowledge(www.geoknowledge.com) is a vendor of leading-edge decision support solutions for the upstream oil & gas industry.

Established in 1985, our objective is to assist petroleum companies, governments and industry suppliers worldwide in evaluating risks, resources and economic value in exploration and development projects. Our evolving family of GeoX exploration workbench products use object-oriented technology, relational databases, client/server solutions and knowledge-based technology. A common design principle has been a commitment to the use of industry standard technological building blocks. Through continuous investment in new product development and active partnerships we both leverage industry expertise and support the deployment of complete decision support solutions.