Mitigating risk is always a focus within our industry but it becomes even more crucial in these times with an ongoing pandemic and ensuing low oil price.
Petroleum exploration and production are both enterprises that require considerable budget, and with ever-growing complexity, the risks are many. Applying seismic forward modelling can eliminate guesswork, and ultimately help avoid insomnia when commencing cost and time intensive operations like seismic surveying, processing, interpretation, and ultimately drilling based on potentially equivocal information. In short, performing a modelling study first, is significantly cheaper than failing in the field.
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