The significant financial perils of drilling an unsuccessful well on dry land are only magnified when the unprofitable well is drilled in several thousand feet of water. Rig costs alone can top half a ...

Seismic characterization can be costly. In standard surface acquisition, data are collected well beyond reservoir boundaries. These results are used to map reservoir geometry but often have little ...

Woodside Energy last week announced it would start seismic testing for its Scarborough gas project off Australia’s west coast, before reversing the decision in the face of a legal challenge from ...

Oil industry economists are often puzzled when they face the challenge of evaluating investments made in the seismic surveys they use to determine drillable prospect generation. The problem, on one ...