De-risking a Turkish Delight

Spectrum’s Neil Hodgson, Anongporn Intawong and Karyna Rodriguez looks at new data which reveals the potential for a new super basin – an accessible oil play lying within the world-class Maykop oil source in volume 16 of GEO ExPro Magazine.

We all sense the verisimilitude of PK Dickie’s warning against looking for new oil in old places with old ideas, which gives us two clear courses of action: either we can bring new ideas to old basins, or we can bring tried and tested ideas to new basins. Although truly new exploration plays are as rare as hen’s teeth (mostly old ideas in new basins), new ideas stream out of new seismic data as we learn how much of “what we know for sure that just ain’t so” (The Big Short, 2015). Whilst exploration geology has remained sitting on the sofa watching episodes of Friends on endless repeat, the advances in seismic imaging over the last 15 years, removing noise and multiples, are astonishing. So modern, long streamer, deghosted seismic data provides explorers worldwide with a practical idea-engine for old basins.

 

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De-risking a Turkish Delight