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Conventional Plays

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OVERVIEW


Conventional opportunities are increasingly complex, whether considering the higher risk exploration opportunities of today or the more detailed communication and reservoir models of development.  Profit margins are tighter, and the plays are getting deeper, hotter, and pushing the envelope of established technology. This greater complexity and, therefore, higher risk, calls for a more in-depth understanding and integration of data across subdisciplines to fully assess the hydrocarbon system drivers in your conventional plays (see example diagram).
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Implications: Domestic and International Conventional Opportunities

While North America has made significant technological investments in unconventional resources over the past decade, major discoveries and economic successes in the offshore and conventional oil and gas sector has continued, both domestically and internationally. Subsurface knowledge, constraint, and quantification linked to performance in these settings can be challenging and require considerable financial investment. GeoMark has a long history of supporting conventional projects—from exploration to development—by providing customized sampling programs, consulting services, access to data via RFDbase, and research conducted to advance the scientific foundation of petroleum geoscience.

To optimize value in conventional plays, we use our data and science in a risk-based approach to address critical play elements (described below) that define the given opportunity. An assessment conducted prior to exploration or drilling a new well can highlight what additional data and context are required to reduce potential risks. The same approach can be applied at several stages in the project cycle, as needed.

GeoMark’s expertise in the integration of data “post well completion” and in earlier phases of appraisal can help guide the most cost-effective development plan and increase the accuracy of reserve estimates.  Our history of conducting pressure-volume-temperature (PVT) analysis and designing reservoir geochemistry programs, for example, aids your project’s execution and production outcomes. Specific areas of project focus include:

In summary, the integrated approach at GeoMark decreases uncertainty, which impacts both the geologic and economic chance of success at all project levels.


Play Elements

The petroleum industry has long used the approach of play analysis to define associated risks and make educated project decisions. Each play is defined by a set of play elements. For conventional systems, these are traditionally:

A risk is assigned to each element based on available data and the geologic model built from that data. A critical point of the process is to identify the riskiest elements and see what can be done to address those risks. Can more data be obtained? Can a study be purchased? Should a different interpretation be solicited? GeoMark answers those key questions regularly for conventional projects with our lab analysis, research studies, and interpretation services.


Analytical Techniques

GeoMark Research is in a unique position to empower you with high-value, high-quality laboratory measurements derived from the following analytical techniques:

We are known for our impeccable lab quality, rapid turnaround times, attention to detail, and interpretive expertise. This enables us to deliver unparalleled rock, fluid, and gas analysis results, for any and all environments.
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Data Value

GeoMark’s proprietary RFDbase gives you additional power to increase your subsurface understanding and provide context for your projects in an extremely cost-effective manner. All data contained in our databases have been QC’ed by a GeoMark expert, with regular updates and expansion. We know how important this step is because we regularly use the database ourselves in consulting projects and for new studies. Today, advanced technology is further increasing the value we get from big data analysis, and RFDbase has proven to be a key piece of many noteworthy subsurface breakthroughs.

We collaborate with you to leverage our exclusive database for associated data in and around your project’s area of interest (AOI). This serves to greatly expand understanding of the source, migration, and reservoir history specific to your goals and needs. Context, constraint, and quantification lead to valuable learnings and potentially great success.
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FAQ

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A – Unconventional is synonymous with horizontal drilling and fracture stimulation to recover hydrocarbon resources, as opposed to traditional vertical well extraction.
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A – Yes, geochemistry, specifically GeoMark’s Time Lapse Geochemical (TLG) program, is one of the best ways to monitor producing wells and detect and explain changes in production over time, allowing for remediation early in the development of a potential problem. TLG can also optimize well spacing for your future drilling programs.
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Contact Us

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