Oil and Gas: Let's check our Corona-virus related temperature

March 25, 2020

Actus Veritas Geoscience

How do we prepare ourselves for the post-coronavirus world? Will the small businesses survive this? Will the dramatic cost-cutting exercises of corporations help them re-tool for the new future or will they just return to “business as usual”?

Now it is time to plan our future

In times of distress, the greatest enemies of the plans forward are:

Following pre-crisis assumptions that do not work
Denial of the new baseline realities
“Business will be normal again” mindset
“Give me examples of this solution used elsewhere”, etc. etc.

You know the drill. The truth is we ALL are in uncharted territory but there is solution our there and we need to find it.

‍‍

What is next?

‍There are many questions to be answered. Fast recovery depends on consistent approach from decision makers who will shape the post 2020 landscape. Yet, in our digital age we all can do something about it. Let's start by answering a few simple questions to determine "the temperature" inside the companies we work for.

Are you ready to participate in our experiment? The results of the survey will be published here in U3 Explore, they will be regularly updated with new data coming in.

‍

Please take our survey

‍

powered by Typeform

‍

‍

DOMAINS

Geography

AUTHOR

COAUTHOR(s)

U3 Explore and Actus Veritas Geoscience Founder and Managing Director | Geoscience | Decarbonization Projects

Marel Sanchez has a Master of Science degree in Geophysics and more than 30 years of experience in subsurface characterization as a geoscientist working in fast-paced, results-oriented, multicultural, and multidisciplinary project delivery teams. She has strong technical expertise in basin/play/asset evaluation, block/asset acquisition, technology selection and implementation, and decarbonization projects in Latin America, the Caribbean, and Africa.

MORE by COMPANY

Subsurface Characterization with GIS Analytics

Bruce Marcell Atencia

The Geodatabase's purpose is to collect tables with spatial location information for the layers, integrating geological, geophysical, and topographical information. This information is used to identify and characterize potential subsurface prospects, optimizing resources in project execution and reducing time in data analysis. Commonly used GIS analysis tools are correlation, superposition, blending, and information reclassification. Such methods allow fast and efficient spatial data integration for further standardization and publication.

The Geodatabase's purpose is to collect tables with spatial location information for the layers, integrating geological, geophysical, and topographical information. This information is used to identify and characterize potential subsurface prospects, optimizing resources in project execution and reducing time in data analysis. Commonly used GIS analysis tools are correlation, superposition, blending, and information reclassification. Such methods allow fast and efficient spatial data integration for further standardization and publication.

From Plate Tectonics to Basins, Plays and Risked Barrels, Offshore Somalia

Katya (Ekaterina) Casey

An interpretation of the petroleum system on the passive margin of the Somali coast was developed by modeling the evolution of the three sub-basins within it: The Jubba Deep, Mogadishu, and Mid-Somalia High (Figure 1). The basin model was underpinned by developing a new Plate Tectonic visualization using the UTIG Plates model (Plates Project, 2020) for the margin that evolved as Madagascar separated from Africa, and the subsequent separation of India.

An interpretation of the petroleum system on the passive margin of the Somali coast was developed by modeling the evolution of the three sub-basins within it: The Jubba Deep, Mogadishu, and Mid-Somalia High (Figure 1). The basin model was underpinned by developing a new Plate Tectonic visualization using the UTIG Plates model (Plates Project, 2020) for the margin that evolved as Madagascar separated from Africa, and the subsequent separation of India.

Using geophysical methods to de-risk a frontier deep water basin offshore Somalia.

The seismic data were interpreted in time and depth domains and with the aid of some computational seismic attributes used to enhance the imaging of the geology. On a regional scale, vertical trace attributes correlated through the dataset helped to improve geologic interpretation. They enabled the separation of the geologic sequences and correlation with the regional tectonic events in the basin.

The seismic data were interpreted in time and depth domains and with the aid of some computational seismic attributes used to enhance the imaging of the geology. On a regional scale, vertical trace attributes correlated through the dataset helped to improve geologic interpretation. They enabled the separation of the geologic sequences and correlation with the regional tectonic events in the basin.

Partnership with Coastline Exploration Ltd is announced

Katya (Ekaterina) Casey

The Coastline Exploration/Actus Veritas Geoscience team participated in the Oil and Gas East Africa 2023 show in Tanzania, Dar es Salam where it officially launched the data room campaign and the partnership in project delivery.

The Coastline Exploration/Actus Veritas Geoscience team participated in the Oil and Gas East Africa 2023 show in Tanzania, Dar es Salam where it officially launched the data room campaign and the partnership in project delivery.

Course: A beginner's guide to Petroleum Project management

Kevin Schofield

Dr. Kevin Schofield explains the purpose and logistics of the practical virtual classroom: Integrated Projects: A beginner's guide or Everything you wanted to know about working on the project but were afraid to ask. The course is based on an MSc-level week-long course taught for a UK University contracted to a major NOC.

Dr. Kevin Schofield explains the purpose and logistics of the practical virtual classroom: Integrated Projects: A beginner's guide or Everything you wanted to know about working on the project but were afraid to ask. The course is based on an MSc-level week-long course taught for a UK University contracted to a major NOC.

Explanation of scalable formats of the training covering fundamental project management in Subsurface Characterization

Kevin Schofield

Explanation of a number of formats for courses covering fundamental skills in Petroleum Geoscience for petroleum professionals in the early years of their career, for geoscience professionals seeking to “retool” for the Energy Transition, and the employees in the petroleum Service Industries looking to better understand the methodologies of their customers in order to more effectively target their services.

Explanation of a number of formats for courses covering fundamental skills in Petroleum Geoscience for petroleum professionals in the early years of their career, for geoscience professionals seeking to “retool” for the Energy Transition, and the employees in the petroleum Service Industries looking to better understand the methodologies of their customers in order to more effectively target their services.

Insights into Geological Framework of Northeastern South America: Implications to Petroleum System and Opportunity Assessments

A world-class Cretaceous source rock, Querecual Formation, is a foundation for a prolific petroleum system in the Eastern Venezuela Basin. This formation marks the main anoxia event that extends to Trinidad and Guyana (Naparima Hill, and Canje). This genetic relationship provides a geological baseline for analyzing the critical risk factors in play assessments in the region.

A world-class Cretaceous source rock, Querecual Formation, is a foundation for a prolific petroleum system in the Eastern Venezuela Basin. This formation marks the main anoxia event that extends to Trinidad and Guyana (Naparima Hill, and Canje). This genetic relationship provides a geological baseline for analyzing the critical risk factors in play assessments in the region.

Deploying petroleum play-based exploration methodologies for carbon storage site characterization

Katya (Ekaterina) Casey

The EPA application process for the injection project permit is an iterative process, requiring the completion of an extensive questionnaire that covers a detailed description of the subsurface, addressing regional and local aspects of the storage container. We propose that the Play-based assessment methodology developed and successfully used in Petroleum exploration during the last two decades could be deployed for the characterization of the risks and uncertainties of the Area of Review (AoR) as defined by Environmental Protection Agency (EPA) for Class 6 well (CCUS) permit approval process.

The EPA application process for the injection project permit is an iterative process, requiring the completion of an extensive questionnaire that covers a detailed description of the subsurface, addressing regional and local aspects of the storage container. We propose that the Play-based assessment methodology developed and successfully used in Petroleum exploration during the last two decades could be deployed for the characterization of the risks and uncertainties of the Area of Review (AoR) as defined by Environmental Protection Agency (EPA) for Class 6 well (CCUS) permit approval process.

Influence of poly-phase plate-margin processes on Jurassic and Cretaceous Basin development in Guyana-Demerara and conjugate Guinea Plateau basins

Katya (Ekaterina) Casey

Demerara and Guinea plateaus are plate-margin conjugate structures in South America and Africa, respectively. They have experienced at least two phases of non-orthogonal extension punctuated by a phase of transpressional deformation in the Early Cretaceous prior to the opened connection between Central and Equatorial Atlantic was established. First presented at AAPG Caribbean Technical Symposium Summit 2021

Demerara and Guinea plateaus are plate-margin conjugate structures in South America and Africa, respectively. They have experienced at least two phases of non-orthogonal extension punctuated by a phase of transpressional deformation in the Early Cretaceous prior to the opened connection between Central and Equatorial Atlantic was established.
First presented at AAPG Caribbean Technical Symposium Summit 2021

Energy Transition, Leadership, and Digital Transformation

Katya (Ekaterina) Casey

The energy transition is not new for mankind. People managed to transition and adapt to a variety of energy resources and changing environments from wood-burning stoves to nuclear power. Only crisis pushes humans to change, such as the infamous fog of London in December of 1952 that killed thousands of people. After that, the local air pollution was hard to ignore and it brought a clean air act. Today we are empowered by a variety of technologies and scientific understanding that we should not ignore and put into good use. Educated actions, not slogans are required to succeed.

The energy transition is not new for mankind. People managed to transition and adapt to a variety of energy resources and changing environments from wood-burning stoves to nuclear power. Only crisis pushes humans to change, such as the infamous fog of London in December of 1952 that killed thousands of people. After that, the local air pollution was hard to ignore and it brought a clean air act. Today we are empowered by a variety of technologies and scientific understanding that we should not ignore and put into good use. Educated actions, not slogans are required to succeed.

Modelo de Competencias para el Negocio de Exploración y Producción de Hidrocarburos

Andreina Martinez

Generar un modelo de competencias personalizada diseñados para reconocer los conocimientos, habilidades y destrezas del capital humano, alineando su aporte a las necesidades de las organizaciones y llevar a cabo exitosamente los procesos de selección. Los conceptos y metodologías que cubren este programa de gestión por competencias, coadyuvará al participante a: construir y generar el valor en su empresa u organización, ampliar canales de comunicación dentro de la misma y mejorar en el desempeño gerencial y de su gente

Generar un modelo de competencias personalizada diseñados para reconocer los conocimientos, habilidades y destrezas del capital humano, alineando su aporte a las necesidades de las organizaciones y llevar a cabo exitosamente los procesos de selección. Los conceptos y metodologías que cubren este programa de gestión por competencias, coadyuvará al participante a: construir y generar el valor en su empresa u organización, ampliar canales de comunicación dentro de la misma y mejorar en el desempeño gerencial y de su gente

Importancia de la gestión por competencias después del corona virus

Andreina Martinez

La gestión por competencias en un mundo cambiante y globalizado en que vivimos fruto de la reforma del orden económico mundial, lleno de nuevos conceptos que recibimos a una velocidad que apenas nos permite procesarlos cuando ya estamos cambiando de paradigma, debemos estar cada vez más claros en hacia dónde dirigirnos y cuáles son las técnicas de gestión que nos garantizarán el éxito en el mercado competitivo en el cual nos desenvolvemos.

La gestión por competencias en un mundo cambiante y globalizado en que vivimos fruto de la reforma del orden económico mundial, lleno de nuevos conceptos que recibimos a una velocidad que apenas nos permite procesarlos cuando ya estamos cambiando de paradigma, debemos estar cada vez más claros en hacia dónde dirigirnos y cuáles son las técnicas de gestión que nos garantizarán el éxito en el mercado competitivo en el cual nos desenvolvemos.

Perspectivas sobre el marco geológico regional del Delta del Orinoco Costa Afuera y la Cuenca de Guyana

Se analiza el conocimiento geológico de la cuenca de Guyana y de los datos disponibles en Venezuela, considerando que la evolución geológica no es determinada por limites geopolíticos, y exponer así las posibles oportunidades existentes, incluyendo la potencial extensión del “play” Liza hacia el área del Delta del Orinoco costa afuera, y considerando otras oportunidades asociadas con la influencia tectónica del margen sureste del Caribe y los sistemas petrolíferos identificados a lo largo del noreste de Sudamérica, desde el Paleozoico hasta el Neógeno

Se analiza el conocimiento geológico de la cuenca de Guyana y de los datos disponibles en Venezuela, considerando que la evolución geológica no es determinada por limites geopolíticos, y exponer así las posibles oportunidades existentes, incluyendo la potencial extensión del “play” Liza hacia el área del Delta del Orinoco costa afuera, y considerando otras oportunidades asociadas con la influencia tectónica del margen sureste del Caribe y los sistemas petrolíferos identificados a lo largo del noreste de Sudamérica, desde el Paleozoico hasta el Neógeno

What did we learn from working virtually in 2020 and an outlook on 2021?

Katya (Ekaterina) Casey

Ten months into the virtualization experiment, it is time to analyze what we have learned so far and how we can use this experience in 2021. In October-November of 2020, the U3 Explore community conducted a survey to compare the notes on the people's experience in a virtual environment and held a panel discussion of virtual working practitioners. Today we share a quick summary of the survey results and the highlights of our hour and a half panel discussion on November 18th.

Ten months into the virtualization experiment, it is time to analyze what we have learned so far and how we can use this experience in 2021.
In October-November of 2020, the U3 Explore community conducted a survey to compare the notes on the people's experience in a virtual environment and held a panel discussion of virtual working practitioners.
Today we share a quick summary of the survey results and the highlights of our hour and a half panel discussion on November 18th.

How the science of subsurface determines the future of the oil and gas industry

Katya (Ekaterina) Casey

Let’s face it: what really got hit badly across the oil and gas industry is the confidence of employees which comes with experience. Without confidence in what they are doing people get consumed by meaningless processes hoping they will lead them somewhere. Meaningful work is defined by building competencies which in turn provide an employee with autonomy and relevance to the common goal. What are the critical skills for a new generation of geoscientists?

Let’s face it: what really got hit badly across the oil and gas industry is the confidence of employees which comes with experience. Without confidence in what they are doing people get consumed by meaningless processes hoping they will lead them somewhere. Meaningful work is defined by building competencies which in turn provide an employee with autonomy and relevance to the common goal. What are the critical skills for a new generation of geoscientists?

Oil and Gas Asset Marketing in COVID-19 Environment

Katya (Ekaterina) Casey

As a consequence of COVID-19, most trade shows and events planned during 2020-2021 will be virtual, which places new demands on the exhibitors. To differentiate the company or the opportunities available for sale, and to draw the attention of the event visitors, new digital offerings are required.

As a consequence of COVID-19, most trade shows and events planned during 2020-2021 will be virtual, which places new demands on the exhibitors. To differentiate the company or the opportunities available for sale, and to draw the attention of the event visitors, new digital offerings are required.

Scratch 2020: Let's plan for 2021. Second private Interview with Oil and Gas CEO

Katya (Ekaterina) Casey

The playbook for fiscal responsibility has an accepted approach in the low-price environment: cut cost. But what gets cut first, and do we cut an opportunity to grow in the future? If you could find Guyana basin today - would you? We continue to explore these questions in private conversations with C-Level Executives testing different perceptions shared behind closed doors. We hope these insights are considered to help the industry to emerge from the crisis in a better state.

The playbook for fiscal responsibility has an accepted approach in the low-price environment: cut cost. But what gets cut first, and do we cut an opportunity to grow in the future? If you could find Guyana basin today - would you?
We continue to explore these questions in private conversations with C-Level Executives testing different perceptions shared behind closed doors. We hope these insights are considered to help the industry to emerge from the crisis in a better state.

What geoscientists should focus on to deliver the value post Coronavirus?

Katya (Ekaterina) Casey

It appears that statistical models today are substituting factual business analysis in decision making. People are trying to predict all possible outcomes of their models with little control and/or understanding of the parameters that are impacting the quality and reliability of the result. Over the last four years, oil and gas companies were focused on hiring data scientists, and Geoanalytics is often called to help. Yet, mathematical modeling of the physical processes is not a new concept.

It appears that statistical models today are substituting factual business analysis in decision making. People are trying to predict all possible outcomes of their models with little control and/or understanding of the parameters that are impacting the quality and reliability of the result.
Over the last four years, oil and gas companies were focused on hiring data scientists, and Geoanalytics is often called to help. Yet, mathematical modeling of the physical processes is not a new concept.

Scratch 2020: Let's plan for 2021. First private Interview with Oil and Gas CEO

Katya (Ekaterina) Casey

Most professionals in oil & gas agree that the current industry crisis is going to be deeper than any of the previous ones and that it is going to last through 2020, without any significant improvements. Industry leaders have to make bold yet calculated moves in this new business landscape. In private conversations, different perceptions are shared behind closed doors, while the public industry gatherings offer mainly promotional information. It is unlikely that this industry is going to be able to emerge from this down-cycle without having honest conversations about its current state.

Most professionals in oil & gas agree that the current industry crisis is going to be deeper than any of the previous ones and that it is going to last through 2020, without any significant improvements. Industry leaders have to make bold yet calculated moves in this new business landscape.
In private conversations, different perceptions are shared behind closed doors, while the public industry gatherings offer mainly promotional information. It is unlikely that this industry is going to be able to emerge from this down-cycle without having honest conversations about its current state.

Sustainable asset portfolio of E&P Companies - Some aspects of more efficient oil & gas field development planning

This presentation discusses the economic and technical aspects of developing conventional versus unconventional projects. Why oil firms should take on some conventional projects rather than only unconventional opportunities. In Senegal -SNE project we use as an example to explain capital efficiencies and resource assessment approach that allowed co-ventures to proceed to FID. Permian basin development approach to identify sweet spots and enabling technologies to reduce overall development cost. This material was originally presented for Actus Veritas Geoscience in a mini-conference 2017.

This presentation discusses the economic and technical aspects of developing conventional versus unconventional projects. Why oil firms should take on some conventional projects rather than only unconventional opportunities. In Senegal -SNE project we use as an example to explain capital efficiencies and resource assessment approach that allowed co-ventures to proceed to FID. Permian basin development approach to identify sweet spots and enabling technologies to reduce overall development cost. This material was originally presented for Actus Veritas Geoscience in a mini-conference 2017.

Pore Pressure - Modeling & Prediction: Workshop

This course describes how to model overburden, fracture and pore pressures, and related in-situ stress field. Mechanisms of geo-pressure generation will be discussed, and how they impact hydrocarbon generation, and more importantly, how to define a safe well planning to mitigate the occurrence of adverse drilling events.

$This course describes how to model overburden, fracture and pore pressures, and related in-situ stress field. Mechanisms of geo-pressure generation will be discussed, and how they impact hydrocarbon generation, and more importantly, how to define a safe well planning to mitigate the occurrence of adverse drilling events.$

Opening white page of 2020

Katya (Ekaterina) Casey

In 2019 Oil and Gas corporations were still focused on optimization of the individual processes often without shared value across the organizations. The digital era continues to generate large volumes of data which consists of both- noise and valid information. I think the key question for 2020 is-"How one can separate the information from the noise and make valid decisions?" and therefore, the question of the proper balance between digital and human capabilities in the decision-making process is still open in 2020

In 2019 Oil and Gas corporations were still focused on optimization of the individual processes often without shared value across the organizations. The digital era continues to generate large volumes of data which consists of both- noise and valid information. I think the key question for 2020 is-"How one can separate the information from the noise and make valid decisions?" and therefore, the question of the proper balance between digital and human capabilities in the decision-making process is still open in 2020

Geology of Venezuela - Reinstate the Culture of Research and Quality Initiative Proposal

This is a private initiative to recover and update the stratigraphical nomenclature based on digital validated geological resources. Why is important? The last 20 years have not been advancing in the geological and geophysical studies in Venezuela for Oil and Gas Industry. Political intervention since the Chavez Government did not invest to modernize institutions and universities, in consequence, research and advance in Geoscience knowledge have been limited inside the country.

This is a private initiative to recover and update the stratigraphical nomenclature based on digital validated geological resources. Why is important? The last 20 years have not been advancing in the geological and geophysical studies in Venezuela for Oil and Gas Industry. Political intervention since the Chavez Government did not invest to modernize institutions and universities, in consequence, research and advance in Geoscience knowledge have been limited inside the country.

Methodology for growth opportunities selection in international oil and gas market

After five years of inactivity, cost management, and budget reduction, companies are now looking for growth opportunities in exploration and production during the low oil price environment. These Opportunities are to be found in a highly volatile business environment. In this presentation, we will discuss our proposal on how to address opportunities, data, risks, uncertainties, and dependencies to be managed during the selection of the best decision. This material was originally presented for Actus Veritas Geoscience in annual mini-conference 2017

After five years of inactivity, cost management, and budget reduction, companies are now looking for growth opportunities in exploration and production during the low oil price environment. These Opportunities are to be found in a highly volatile business environment. In this presentation, we will discuss our proposal on how to address opportunities, data, risks, uncertainties, and dependencies to be managed during the selection of the best decision. This material was originally presented for Actus Veritas Geoscience in annual mini-conference 2017

Skills for Digital Transformation

Francia Galea Álvarez

Definitions and keywords for Competency, Skills, Artificial intelligence, Machine learning, and Employability Skills. Here are links to two references for applications and practical use of artificial intelligence (AI) and machine learning (ML). Examples (2), quite important for sport-liking people, are shown like the skills, the technologies, and results on MLB games, where the key to success is human passion. This work was presented at VAPA Venezuelan American Petroleum Association, November 2019.

Definitions and keywords for Competency, Skills, Artificial intelligence, Machine learning, and Employability Skills. Here are links to two references for applications and practical use of artificial intelligence (AI) and machine learning (ML). Examples (2), quite important for sport-liking people, are shown like the skills, the technologies, and results on MLB games, where the key to success is human passion. This work was presented at VAPA Venezuelan American Petroleum Association, November 2019.

The 50th Anniversary of the first official summarized evaluation and publication of the Orinoco Oil Belt

Francia Galea Álvarez

Report about the 50th anniversary of the first publication about a giant accumulation of heavy oil in the Eastern Venezuela Basin. The Venezuelan geologists Jose A. Galavis and Hugo Velarde presented and published their work "Geological Study and Preliminary Evaluation of Potential Reserves of Heavy Oil of the Orinoco Tar Belt, Eastern Venezuela Basin", at the 7th World Petrol. Congress, Mexico, 1967. The Orinoco Tar Belt was defined as the zone about 600 kilometers long [365 miles] and 53 kilometers wide [31 miles], with a volume of heavy oil "in situ" estimated at 693 x 10^9 barrels.

Report about the 50th anniversary of the first publication about a giant accumulation of heavy oil in the Eastern Venezuela Basin. The Venezuelan geologists Jose A. Galavis and Hugo Velarde presented and published their work "Geological Study and Preliminary Evaluation of Potential Reserves of Heavy Oil of the Orinoco Tar Belt, Eastern Venezuela Basin", at the 7th World Petrol. Congress, Mexico, 1967. The Orinoco Tar Belt was defined as the zone about 600 kilometers long [365 miles] and 53 kilometers wide [31 miles], with a volume of heavy oil "in situ" estimated at 693 x 10^9 barrels.

Pore Pressure Prediction from 3D Seismic Data: A Feasibility Study for Unconventional Gas in Saudi Arabia

The purpose of this study is to provide a pore pressure prediction from seismic data targeting unconventional gas plays (i.e., the Qusaiba Member hot shale and the underlying Sarah Formation). The area of interest (AOI) located in NW Saudi Arabia, and is covered by 1,600 km2 of 3D pre-stack time migrated (PSTM) data. The resulting pore pressure maps for the Qusaiba Member hot shale and Sarah Formation highlight potential drilling hazards. Importantly, areas of higher pore pressure may ultimately represent potential areas of higher gas production (i.e., sweet spots).

The purpose of this study is to provide a pore pressure prediction from seismic data targeting unconventional gas plays (i.e., the Qusaiba Member hot shale and the underlying Sarah Formation). The area of interest (AOI) located in NW Saudi Arabia, and is covered by 1,600 km2 of 3D pre-stack time migrated (PSTM) data. The resulting pore pressure maps for the Qusaiba Member hot shale and Sarah Formation highlight potential drilling hazards. Importantly, areas of higher pore pressure may ultimately represent potential areas of higher gas production (i.e., sweet spots).

The Cretaceous source rocks from East Venezuela - Trinidad - Guyana - Suriname basins, NE South America

Francia Galea Álvarez

The Cretaceous source rocks from East Venezuela - Trinidad - Guyana/Suriname basins, NE South America Stratigraphy, biostratigraphy and geochemistry data of Cretaceous source rocks from Eastern Venezuela Basin, South Trinidad, Guyana.

The Cretaceous source rocks from East Venezuela - Trinidad - Guyana/Suriname basins, NE South America
Stratigraphy, biostratigraphy and geochemistry data of Cretaceous source rocks from Eastern Venezuela Basin, South Trinidad, Guyana.

Supporting renewed interest in exploration of South Atlantic Margin: New Best Fit Plate Tectonic Model for South Atlantic Opening

Katya (Ekaterina) Casey

There is a renewed interest in exploration for oil and gas in deep and shallow waters of South Atlantic. The hopes are high especially with recent exploration success offshore Guyana and Mauritania. Delineation of the basins and mapping the extents of the pursued plays are two out of several critical components of the comprehensive geologic analysis and are fundamental to exploration success. During the last decade, deepwater drilling in South Atlantic proved multiple assumptions of the earlier geologic models of continent-ocean transition inadequate.

There is a renewed interest in exploration for oil and gas in deep and shallow waters of South Atlantic. The hopes are high especially with recent exploration success offshore Guyana and Mauritania. Delineation of the basins and mapping the extents of the pursued plays are two out of several critical components of the comprehensive geologic analysis and are fundamental to exploration success. During the last decade, deepwater drilling in South Atlantic proved multiple assumptions of the earlier geologic models of continent-ocean transition inadequate.

Insights into Geological Framework of Northeastern South America

The Northeastern South American margin is defined by Eastern Venezuelan and Guyana Basins bound to the south by the Guayana Shield and Demerara Plateau. The Margin is emerging as a potential major petroleum province with recent discoveries made in the new play types in Guyana basin with a prolific Cenomanian-Turonian source rock and mostly clastic reservoirs of Cretaceous age. Hydrocarbon production from mostly clastic reservoirs exists in the Eastern Venezuelan Basin onshore for more than 100 years but there was no recent exploration activity offshore.

The Northeastern South American margin is defined by Eastern Venezuelan and Guyana Basins bound to the south by the Guayana Shield and Demerara Plateau. The Margin is emerging as a potential major petroleum province with recent discoveries made in the new play types in Guyana basin with a prolific Cenomanian-Turonian source rock and mostly clastic reservoirs of Cretaceous age. Hydrocarbon production from mostly clastic reservoirs exists in the Eastern Venezuelan Basin onshore for more than 100 years but there was no recent exploration activity offshore.

The lessons of Silicon Valley and why the model doesn’t fit Houston

Katya (Ekaterina) Casey

There is so much talk about building new Silicon Valley in Houston but I think there is very little understanding of what it really is and what should be built in Houston.

There is so much talk about building new Silicon Valley in Houston but I think there is very little understanding of what it really is and what should be built in Houston.

Digital Transformation or Digital Maturation

Katya (Ekaterina) Casey

Steven Zobell in his article published by Forbes magazine in March of 2018 estimates that in 2018 enterprises will invest $1.3 trillion USD in Digital Transformation projects to “improve efficiencies, increase customer value and create new monetization opportunities”. In the same research, Steven analyses the reasons why 70% of these initiatives will not reach the objectives. AVGeo specialists were involved in digital workflow improvement projects in 2018 and would like to share our experiences and see if the predictions of Steve Zobell were correct.

Steven Zobell in his article published by Forbes magazine in March of 2018 estimates that in 2018 enterprises will invest $1.3 trillion USD in Digital Transformation projects to “improve efficiencies, increase customer value and create new monetization opportunities”. In the same research, Steven analyses the reasons why 70% of these initiatives will not reach the objectives. AVGeo specialists were involved in digital workflow improvement projects in 2018 and would like to share our experiences and see if the predictions of Steve Zobell were correct.

Human Capital In a World of Analytics and Big Data in Exploration Workflows

Katya (Ekaterina) Casey

In this presentation, I've discussed human cognitive learning while working with different sets of Big Data in Petroleum Exploration workflows. An effective reduction in the volumes of Big Data without information loss, AI in seismic interpretation and spatial analytics, and a visual aggregation of the single-threaded evaluations into a comprehensive multithreaded business decision are required for delivery of successful exploration programs

In this presentation, I've discussed human cognitive learning while working with different sets of Big Data in Petroleum Exploration workflows. An effective reduction in the volumes of Big Data without information loss, AI in seismic interpretation and spatial analytics, and a visual aggregation of the single-threaded evaluations into a comprehensive multithreaded business decision are required for delivery of successful exploration programs

My Take on Forecasting of Oil Prices

Katya (Ekaterina) Casey

I think the biggest driver in oil price vulnerability is a human factor once again and people tend to overreact to the bad news. They do not take the time to take a step back and to look at a longer trend.

I think the biggest driver in oil price vulnerability is a human factor once again and people tend to overreact to the bad news. They do not take the time to take a step back and to look at a longer trend.

Opening a white page of 2019

Katya (Ekaterina) Casey

The New Year had started, and it's time to take an objective look at lessons learned in 2018, and the new opportunities ahead in 2019.

The New Year had started, and it's time to take an objective look at lessons learned in 2018, and the new opportunities ahead in 2019.

Solving the Passive Margin Play Map Paradox offshore Uruguay – The Value Density Proposition

Katya (Ekaterina) Casey

Presented at First HGS/EAGE Conference on Latin America, November 2019 The existing perceptions of the offshore Uruguay petroleum system assessment may be challenged by an analysis of the failure modes of three exploration wells drilled in the basin. This is an underexplored basin with a poor exploration record. Arguably, the wells tested prospect-specific locations but left other plays of interest untested.

Presented at First HGS/EAGE Conference on Latin America, November 2019
The existing perceptions of the offshore Uruguay petroleum system assessment may be challenged by an analysis of the failure modes of three exploration wells drilled in the basin. This is an underexplored basin with a poor exploration record. Arguably, the wells tested prospect-specific locations but left other plays of interest untested.