The document discusses various aspects of oil exploration and production, including:
1) Teams are tasked with finding sedimentary basins using magnetic and gravity surveys to earn credibility points.
2) Teams then bid on blocks near identified basins and choose corporate social responsibility projects to increase points for license awards.
3) Licensed blocks can be farmout to acquire funding and farmin to other blocks to spread risk, with the goal of drilling exploration and appraisal wells to prove oil reserves.
The document discusses various aspects of oil and gas exploration, including:
1) Finding sedimentary basins using magnetic and gravity surveys and submitting the coordinates of three basin centers.
2) Identifying the most promising oil and gas blocks and bidding on licenses to drill exploration wells.
3) Choosing corporate social responsibility projects to increase credibility points to improve chances of winning licenses.
4) Farming into other licenses by investing a percentage in exchange for a share of future revenues.
This document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas resources. The tasks include locating sedimentary basins using surveys, bidding on exploration licenses, acquiring seismic data, drilling exploration and appraisal wells to evaluate discoveries, and developing field production plans to maximize resource recovery. The goal is to make economically viable decisions that consider costs, risks, environmental factors, and partnerships with other teams.
The document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas fields. The tasks include identifying sedimentary basins using surveys, bidding on exploration licenses, partnering to share risks and costs, 3D seismic analysis, exploration drilling, appraising discoveries, and developing field production plans. The goal is to maximize the net value of discoveries through correct decisions and efficient operations while gaining experience in the upstream process.
The document provides information about an oil and gas simulation game. It describes challenges around finding sedimentary basins, bidding on exploration licenses, acquiring 3D seismic data, developing well plans, and designing production facilities. The goal is to maximize the net value of discovered oil and gas fields by making correct decisions that balance costs, production, the environment, and risk.
The document provides information about using an oil and gas simulation game to learn about the oil and gas industry. It describes various challenges in the simulation that involve exploring for oil and gas, including identifying sedimentary basins, acquiring seismic data, bidding on exploration licenses, drilling wells, and planning production facilities. The goal is to maximize the net value of discovered oil and gas fields while gaining experience in decision making, teamwork, and evaluating economic and environmental factors.
The document provides instructions for participants in an oil and gas simulation game called OilSim. It outlines three main challenges: 1) finding sedimentary basins using magnetic and gravity surveys, 2) identifying and bidding on the most promising exploration blocks near a basin, and 3) reducing risk through partnerships while acquiring seismic data and drilling exploration/appraisal wells. The goal is to make economically viable hydrocarbon discoveries and maximize the net value of license blocks.
This document provides information about an oil and gas exploration simulation game called PetroChallenge IPAA 2011. The simulation allows participants to take on the role of an exploration team with the goal of maximizing returns through various exploration and development activities. These include identifying sedimentary basins using surveys, bidding on licenses, acquiring partnerships through farm-ins and farm-outs, drilling exploration wells using various rigs and service providers, analyzing drilling results, and calculating field value. The game aims to enhance understanding of the full petroleum exploration and field development process.
The document provides instructions for an exploration team on their tasks in finding and drilling for new petroleum reserves. The team's objective is to maximize return on investment. They are given $50 million to start and can apply for more funds later. Teams explore areas, identify sedimentary basins using surveys, bid on exploration licenses, drill wells using rigs, and can partner with other teams to share risks and rewards. The goal is to discover oil and gas fields and achieve the highest profit relative to funds received.
The document discusses various aspects of oil and gas exploration, including:
1) Finding sedimentary basins using magnetic and gravity surveys and submitting the coordinates of three basin centers.
2) Identifying the most promising oil and gas blocks and bidding on licenses to drill exploration wells.
3) Choosing corporate social responsibility projects to increase credibility points to improve chances of winning licenses.
4) Farming into other licenses by investing a percentage in exchange for a share of future revenues.
This document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas resources. The tasks include locating sedimentary basins using surveys, bidding on exploration licenses, acquiring seismic data, drilling exploration and appraisal wells to evaluate discoveries, and developing field production plans to maximize resource recovery. The goal is to make economically viable decisions that consider costs, risks, environmental factors, and partnerships with other teams.
The document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas fields. The tasks include identifying sedimentary basins using surveys, bidding on exploration licenses, partnering to share risks and costs, 3D seismic analysis, exploration drilling, appraising discoveries, and developing field production plans. The goal is to maximize the net value of discoveries through correct decisions and efficient operations while gaining experience in the upstream process.
The document provides information about an oil and gas simulation game. It describes challenges around finding sedimentary basins, bidding on exploration licenses, acquiring 3D seismic data, developing well plans, and designing production facilities. The goal is to maximize the net value of discovered oil and gas fields by making correct decisions that balance costs, production, the environment, and risk.
The document provides information about using an oil and gas simulation game to learn about the oil and gas industry. It describes various challenges in the simulation that involve exploring for oil and gas, including identifying sedimentary basins, acquiring seismic data, bidding on exploration licenses, drilling wells, and planning production facilities. The goal is to maximize the net value of discovered oil and gas fields while gaining experience in decision making, teamwork, and evaluating economic and environmental factors.
The document provides instructions for participants in an oil and gas simulation game called OilSim. It outlines three main challenges: 1) finding sedimentary basins using magnetic and gravity surveys, 2) identifying and bidding on the most promising exploration blocks near a basin, and 3) reducing risk through partnerships while acquiring seismic data and drilling exploration/appraisal wells. The goal is to make economically viable hydrocarbon discoveries and maximize the net value of license blocks.
This document provides information about an oil and gas exploration simulation game called PetroChallenge IPAA 2011. The simulation allows participants to take on the role of an exploration team with the goal of maximizing returns through various exploration and development activities. These include identifying sedimentary basins using surveys, bidding on licenses, acquiring partnerships through farm-ins and farm-outs, drilling exploration wells using various rigs and service providers, analyzing drilling results, and calculating field value. The game aims to enhance understanding of the full petroleum exploration and field development process.
The document provides instructions for an exploration team on their tasks in finding and drilling for new petroleum reserves. The team's objective is to maximize return on investment. They are given $50 million to start and can apply for more funds later. Teams explore areas, identify sedimentary basins using surveys, bid on exploration licenses, drill wells using rigs, and can partner with other teams to share risks and rewards. The goal is to discover oil and gas fields and achieve the highest profit relative to funds received.
Opito petrochallenge 2010 offshore presentationMeghan Clark
The document provides an introduction to oil and gas exploration through a simulation game. It outlines the objectives to maximize return on investment and credibility points. It describes key steps like identifying sedimentary basins using surveys, bidding on licenses, partnering through farm-ins and farm-outs to spread risk, drilling exploration wells using appropriate rigs and service providers, and applying for additional funds. The goal is to discover and appraise hydrocarbon volumes through repeated exploration cycles to determine proven reserves.
Offshore - Dubai -Introduction to ExplorationMeghan Clark
The team is given $200 million to explore for oil and gas in a new petroleum province through activities like acquiring surveys, locating sedimentary basins, bidding on blocks, drilling exploratory wells, and seeking partnerships. The goal is to maximize the net value of discovered hydrocarbons minus all costs. Knowledge points are earned for correct decisions and can be used to get funds or bid on better blocks in future licensing rounds. The document provides guidance on the exploration and field development process.
Petro challengefinal 2010 ppt presentationMeghan Clark
The document provides information about an oil and gas exploration simulation game called International PetroChallenge2010. Players take on the role of an exploration team with the goal of maximizing financial returns through discovering and developing oil and gas reserves. The simulation involves multiple tasks such as identifying sedimentary basins using surveys, bidding on exploration licenses, partnering with other teams, drilling exploration wells, and calculating the value of any discovered resources. Players can learn about key aspects of the oil and gas industry through participating in the simulation.
The document provides information and instructions for an exploration team participating in an online oil and gas exploration simulation. It outlines the team's objectives to find reserves and maximize returns. It also describes various exploration activities the team can undertake like acquiring surveys, identifying basins, bidding on licenses, partnering with other teams, drilling wells, and testing for oil and gas discoveries. The goal is to make successful exploration decisions and have the highest return on investment compared to other participating teams.
Here are the key steps to apply for more funds in OilSim:
1. Click on the "Apply for More Funds" tab
2. Choose how much additional cash you want to apply for, up to a maximum of $200 million
3. Answer multiple choice questions about the OilSim simulation, with each correct answer worth 1 CP
4. Your CPs determine how much cash you receive and whether you keep the CPs:
- All correct answers gets full cash and you keep CPs
- One wrong answer gets full cash but you keep half CPs
- Two wrong answers gets half cash and you lose all CPs
- All wrong answers gets no cash and you lose all CPs
5
Here are the key steps to follow based on the exploration results:
1. Reprocess seismic data for your discovery to better define the reservoir.
2. Drill at least one appraisal well into your largest discovery to determine if it can be commercially developed based on the size of recoverable reserves.
3. If the appraisal well looks promising, consider drilling a second appraisal well to further assess the field size.
4. Once you have a better understanding of the field size from appraisal drilling, evaluate if development costs can be recovered from future production revenues based on current oil/gas prices.
5. If the field is economically viable, proceed with field development planning. Otherwise, consider selling the license
Updated op ex power-point 22nd march 2011Meghan Clark
This document provides an overview and agenda for a three-part learning simulation about the oil and gas industry called OilSim. The simulation uses a team-based challenge where participants take on the role of an exploration team tasked with finding and drilling for new oil reserves. It outlines the objectives to learn about exploration, drilling, partnerships, licensing rounds, and applying business strategies. The agenda includes challenges to find sedimentary basins, identify promising blocks, form partnerships, conduct drilling, and participate in additional licensing rounds. It describes the evaluation of teams based on return on investment and credibility points awarded for correct decisions.
Presentation for PetroChallenge Faroe Islands 2010simprentisfo
This document outlines the objectives, scenario, and challenges for a simulation game about petroleum exploration. Players take on the role of an exploration team sent to an island to discover oil and gas. They are given $200 million to spend on surveys, licenses, drilling, and investing. The goal is to earn the most Credibility Points by meeting several challenges: 1) Locating 3 sedimentary basins, 2) Identifying the 3 most promising blocks of land, and 3) Finding and proving oil and gas reserves. Players must acquire seismic data, bid on land, sell portions of licenses, drill exploration/appraisal wells, and ultimately sell their license to determine if reserves are commercially viable. The team with the highest total points
The document discusses the mission and services of the Fresno County Probation Juvenile Services Division. It aims to protect the community, support victims, and provide court services through collaborative programs including prevention, supervision, and incarceration if needed. Deputy probation officers supervise minors on probation, prepare reports for court, and work with out-of-home placements. They monitor minors, ensure compliance with probation terms, and refer minors to appropriate agencies and programs to help rehabilitate them.
Ernest Rutherford was a British physicist known for his work on radioactive decay and his discovery of the nuclear structure of atoms. He was born in 1871 in New Zealand and studied at the University of New Zealand, graduating with degrees in 1893 and 1894. Rutherford received the 1908 Nobel Prize in Chemistry for his work on radioactive materials and discovering that atoms can spontaneously emit particles and radiation during radioactive decay.
This document outlines the platform and priorities of Maria Garcia's campaign. It lists her as the president and includes her vice president, secretary, and treasurer. The platform calls for cutting taxes on the middle class, raising taxes on those earning over $250,000 annually, and using tax revenue to create jobs through infrastructure projects and small business support. It also outlines education, environmental, foreign policy, gun control, immigration, and healthcare priorities.
The document discusses sandwiches in 2009. It asks how many faces and sandwiches the reader can recognize or identify, suggesting the document will provide highlights of notable sandwiches from that year.
Sustainability Regulations Effects on ethanol tradepetitsuix
Presentation on effect of sustainability regulations on future world trade of ethanol made at the FO Licht World Ethanol Conference, Geneva 4th of November 2010
The document discusses the mission and services of the Fresno County Probation Juvenile Services Division. It aims to protect the community, support victims, and provide court services. Key services discussed include juvenile supervision, court reports, placement in group homes, and referrals to intervention programs. The goal is to rehabilitate minors and help them comply with probation terms to change deviant behaviors and become productive members of society.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil fields. The goal is to maximize net value from oil sales while minimizing costs. Players must locate promising sedimentary basins, acquire oil exploration licenses, conduct seismic surveys, drill exploratory wells, develop any oil discoveries, and carry out corporate social responsibility projects to earn credibility points to improve their chances of winning new licenses. Farming in and farming out partnerships allow players to share risks and costs with other teams.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team tasked with discovering oil and gas reserves through licensing blocks, acquiring surveys, drilling wells, and managing finances. The goal is to maximize profit by finding hydrocarbons, developing any discoveries, and hedging risk through partnerships while balancing costs. Players must make strategic decisions around exploration, appraisal, development, and joint ventures to be successful.
This document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas resources. The tasks include identifying sedimentary basins from surveys, bidding on exploration licenses, acquiring seismic data, drilling exploration and appraisal wells to evaluate discoveries, and developing field production plans to maximize resource recovery. The goal is to make economically viable decisions that consider costs, risks, environmental factors, and partnerships with other teams.
The document provides instructions for an oil and gas exploration simulation game. Players take on the role of an exploration team tasked with finding and developing oil and gas reserves. Key aspects of the simulation include acquiring seismic data, identifying potential reserves, drilling exploration wells, calculating costs and revenues, partnering with other teams, and applying for additional funds. The ultimate goal is to maximize the net value of discovered hydrocarbons while managing costs and credibility points.
Offshore 3.4 presentation intro to explorationMeghan Clark
The team is tasked with exploring a new petroleum province with $200 million. They must locate sedimentary basins using magnetic and gravity surveys, identify promising blocks and bid on licenses. Partnerships can be formed through farm-ins and farm-outs to spread risk. Wells are drilled to find oil and gas, with tests conducted to prove reserves. Additional funds can be applied for, with the goal of maximizing net value through exploration and development.
Offshore 3.4 presentation intro to explorationMeghan Clark
The team is tasked with exploring a new petroleum province with $200 million. They must locate sedimentary basins using magnetic and gravity surveys, identify promising blocks and bid on licenses. Partnerships can be formed through farm-ins and farm-outs to spread risk. Wells are drilled using rented rigs to find oil and gas reserves. Additional funds can be applied for by answering knowledge questions. The overall goal is to maximize the net value of discovered hydrocarbons minus costs.
Offshore 3.4 presentation intro to explorationMeghan Clark
The document provides an introduction to an oil and gas exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil and gas fields. The challenges involve identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships by farming-in and farming-out license shares, drilling exploration wells using rigs and service providers, and calculating the value of any discovered resources. Players earn knowledge points based on their decisions that can be used to bid on future blocks and funding.
Opito petrochallenge 2010 offshore presentationMeghan Clark
The document provides an introduction to oil and gas exploration through a simulation game. It outlines the objectives to maximize return on investment and credibility points. It describes key steps like identifying sedimentary basins using surveys, bidding on licenses, partnering through farm-ins and farm-outs to spread risk, drilling exploration wells using appropriate rigs and service providers, and applying for additional funds. The goal is to discover and appraise hydrocarbon volumes through repeated exploration cycles to determine proven reserves.
Offshore - Dubai -Introduction to ExplorationMeghan Clark
The team is given $200 million to explore for oil and gas in a new petroleum province through activities like acquiring surveys, locating sedimentary basins, bidding on blocks, drilling exploratory wells, and seeking partnerships. The goal is to maximize the net value of discovered hydrocarbons minus all costs. Knowledge points are earned for correct decisions and can be used to get funds or bid on better blocks in future licensing rounds. The document provides guidance on the exploration and field development process.
Petro challengefinal 2010 ppt presentationMeghan Clark
The document provides information about an oil and gas exploration simulation game called International PetroChallenge2010. Players take on the role of an exploration team with the goal of maximizing financial returns through discovering and developing oil and gas reserves. The simulation involves multiple tasks such as identifying sedimentary basins using surveys, bidding on exploration licenses, partnering with other teams, drilling exploration wells, and calculating the value of any discovered resources. Players can learn about key aspects of the oil and gas industry through participating in the simulation.
The document provides information and instructions for an exploration team participating in an online oil and gas exploration simulation. It outlines the team's objectives to find reserves and maximize returns. It also describes various exploration activities the team can undertake like acquiring surveys, identifying basins, bidding on licenses, partnering with other teams, drilling wells, and testing for oil and gas discoveries. The goal is to make successful exploration decisions and have the highest return on investment compared to other participating teams.
Here are the key steps to apply for more funds in OilSim:
1. Click on the "Apply for More Funds" tab
2. Choose how much additional cash you want to apply for, up to a maximum of $200 million
3. Answer multiple choice questions about the OilSim simulation, with each correct answer worth 1 CP
4. Your CPs determine how much cash you receive and whether you keep the CPs:
- All correct answers gets full cash and you keep CPs
- One wrong answer gets full cash but you keep half CPs
- Two wrong answers gets half cash and you lose all CPs
- All wrong answers gets no cash and you lose all CPs
5
Here are the key steps to follow based on the exploration results:
1. Reprocess seismic data for your discovery to better define the reservoir.
2. Drill at least one appraisal well into your largest discovery to determine if it can be commercially developed based on the size of recoverable reserves.
3. If the appraisal well looks promising, consider drilling a second appraisal well to further assess the field size.
4. Once you have a better understanding of the field size from appraisal drilling, evaluate if development costs can be recovered from future production revenues based on current oil/gas prices.
5. If the field is economically viable, proceed with field development planning. Otherwise, consider selling the license
Updated op ex power-point 22nd march 2011Meghan Clark
This document provides an overview and agenda for a three-part learning simulation about the oil and gas industry called OilSim. The simulation uses a team-based challenge where participants take on the role of an exploration team tasked with finding and drilling for new oil reserves. It outlines the objectives to learn about exploration, drilling, partnerships, licensing rounds, and applying business strategies. The agenda includes challenges to find sedimentary basins, identify promising blocks, form partnerships, conduct drilling, and participate in additional licensing rounds. It describes the evaluation of teams based on return on investment and credibility points awarded for correct decisions.
Presentation for PetroChallenge Faroe Islands 2010simprentisfo
This document outlines the objectives, scenario, and challenges for a simulation game about petroleum exploration. Players take on the role of an exploration team sent to an island to discover oil and gas. They are given $200 million to spend on surveys, licenses, drilling, and investing. The goal is to earn the most Credibility Points by meeting several challenges: 1) Locating 3 sedimentary basins, 2) Identifying the 3 most promising blocks of land, and 3) Finding and proving oil and gas reserves. Players must acquire seismic data, bid on land, sell portions of licenses, drill exploration/appraisal wells, and ultimately sell their license to determine if reserves are commercially viable. The team with the highest total points
The document discusses the mission and services of the Fresno County Probation Juvenile Services Division. It aims to protect the community, support victims, and provide court services through collaborative programs including prevention, supervision, and incarceration if needed. Deputy probation officers supervise minors on probation, prepare reports for court, and work with out-of-home placements. They monitor minors, ensure compliance with probation terms, and refer minors to appropriate agencies and programs to help rehabilitate them.
Ernest Rutherford was a British physicist known for his work on radioactive decay and his discovery of the nuclear structure of atoms. He was born in 1871 in New Zealand and studied at the University of New Zealand, graduating with degrees in 1893 and 1894. Rutherford received the 1908 Nobel Prize in Chemistry for his work on radioactive materials and discovering that atoms can spontaneously emit particles and radiation during radioactive decay.
This document outlines the platform and priorities of Maria Garcia's campaign. It lists her as the president and includes her vice president, secretary, and treasurer. The platform calls for cutting taxes on the middle class, raising taxes on those earning over $250,000 annually, and using tax revenue to create jobs through infrastructure projects and small business support. It also outlines education, environmental, foreign policy, gun control, immigration, and healthcare priorities.
The document discusses sandwiches in 2009. It asks how many faces and sandwiches the reader can recognize or identify, suggesting the document will provide highlights of notable sandwiches from that year.
Sustainability Regulations Effects on ethanol tradepetitsuix
Presentation on effect of sustainability regulations on future world trade of ethanol made at the FO Licht World Ethanol Conference, Geneva 4th of November 2010
The document discusses the mission and services of the Fresno County Probation Juvenile Services Division. It aims to protect the community, support victims, and provide court services. Key services discussed include juvenile supervision, court reports, placement in group homes, and referrals to intervention programs. The goal is to rehabilitate minors and help them comply with probation terms to change deviant behaviors and become productive members of society.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil fields. The goal is to maximize net value from oil sales while minimizing costs. Players must locate promising sedimentary basins, acquire oil exploration licenses, conduct seismic surveys, drill exploratory wells, develop any oil discoveries, and carry out corporate social responsibility projects to earn credibility points to improve their chances of winning new licenses. Farming in and farming out partnerships allow players to share risks and costs with other teams.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team tasked with discovering oil and gas reserves through licensing blocks, acquiring surveys, drilling wells, and managing finances. The goal is to maximize profit by finding hydrocarbons, developing any discoveries, and hedging risk through partnerships while balancing costs. Players must make strategic decisions around exploration, appraisal, development, and joint ventures to be successful.
This document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas resources. The tasks include identifying sedimentary basins from surveys, bidding on exploration licenses, acquiring seismic data, drilling exploration and appraisal wells to evaluate discoveries, and developing field production plans to maximize resource recovery. The goal is to make economically viable decisions that consider costs, risks, environmental factors, and partnerships with other teams.
The document provides instructions for an oil and gas exploration simulation game. Players take on the role of an exploration team tasked with finding and developing oil and gas reserves. Key aspects of the simulation include acquiring seismic data, identifying potential reserves, drilling exploration wells, calculating costs and revenues, partnering with other teams, and applying for additional funds. The ultimate goal is to maximize the net value of discovered hydrocarbons while managing costs and credibility points.
Offshore 3.4 presentation intro to explorationMeghan Clark
The team is tasked with exploring a new petroleum province with $200 million. They must locate sedimentary basins using magnetic and gravity surveys, identify promising blocks and bid on licenses. Partnerships can be formed through farm-ins and farm-outs to spread risk. Wells are drilled to find oil and gas, with tests conducted to prove reserves. Additional funds can be applied for, with the goal of maximizing net value through exploration and development.
Offshore 3.4 presentation intro to explorationMeghan Clark
The team is tasked with exploring a new petroleum province with $200 million. They must locate sedimentary basins using magnetic and gravity surveys, identify promising blocks and bid on licenses. Partnerships can be formed through farm-ins and farm-outs to spread risk. Wells are drilled using rented rigs to find oil and gas reserves. Additional funds can be applied for by answering knowledge questions. The overall goal is to maximize the net value of discovered hydrocarbons minus costs.
Offshore 3.4 presentation intro to explorationMeghan Clark
The document provides an introduction to an oil and gas exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil and gas fields. The challenges involve identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships by farming-in and farming-out license shares, drilling exploration wells using rigs and service providers, and calculating the value of any discovered resources. Players earn knowledge points based on their decisions that can be used to bid on future blocks and funding.
Offshore 3.4 presentation intro to explorationMeghan Clark
The document provides an introduction to an oil and gas exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil and gas fields. The challenges involve identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships by farming-in and farming-out license shares, drilling exploration wells using rigs and service providers, and calculating the value of any discovered resources. Players earn knowledge points based on their decisions that can be used to bid on future blocks and funding.
Offshore 3.4 presentation intro to explorationMeghan Clark
The document provides an introduction to an oil and gas exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil and gas fields. The challenges involve identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships by farming-in and farming-out license shares, drilling exploration wells using rigs and service providers, and calculating the value of any discovered resources. Players earn knowledge points based on their decisions that can be used to bid on future blocks and funding.
The document provides an overview of an onshore oil and gas exploration simulation. Players take on the role of an exploration team tasked with finding and drilling for reserves to maximize return on investment. The simulation involves completing challenges such as identifying sedimentary basins using surveys, bidding on exploration licenses, and partnering with other teams to share risks and costs. Players can earn credibility points for correct decisions which are considered when applying for funds or bidding on blocks. The goal is to learn about the key stages and decisions involved in onshore oil and gas exploration.
The exploration team must find oil reserves and maximize return on investment. They will study surveys to identify sedimentary basins, then bid on licenses for promising blocks. The team must also partner with others to share risks and costs by farming out a portion of their license or farming into other licenses. Finally, the team will need to choose a drilling rig to explore their block and begin assessing whether it contains oil.
The document provides an introduction to onshore petroleum exploration. It outlines the objectives of finding new reserves and maximizing return on investment. It discusses finances, credibility points, licenses, partnerships, seismic surveys, drilling, and applying for more funds. The overall goal is to learn about the exploration process through simulations and make critical decisions to increase value and return on investment.
The document provides an overview of the tasks and objectives for an onshore oil and gas exploration simulation. Participants will take on the role of an exploration team tasked with finding and drilling for reserves to maximize return on investment. The challenges include identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships through farm-ins and farm-outs, and selecting drilling rigs to explore blocks. The goal is to learn about the exploration process and industry while earning credibility points to demonstrate skills.
The document provides an overview of an onshore oil and gas exploration simulation game. It outlines the key challenges players will face, including finding sedimentary basins using surveys, bidding on exploration licenses, and partnering to spread drilling risks. It explains concepts like source rocks, traps, seismic data interpretation, and farm-in/farm-out agreements. The goal is to maximize return on investment through successful exploration efforts and credibility points reward good decisions.
The document provides guidance for an exploration team tasked with maximizing return on investment from a new petroleum province. It outlines various challenges involved in the exploration and development process, including acquiring surveys, identifying sedimentary basins, bidding on licenses, partnering with other teams, drilling wells, and testing discoveries to prove reserves. The ultimate goal is to apply successful strategies to increase the net value of oil and gas fields discovered while minimizing costs.
The document provides an overview of the OilSim simulation game. Players take on the role of an exploration team tasked with finding and drilling for new oil reserves. The simulation involves 3 challenges: 1) locating sedimentary basins using surveys, 2) bidding on exploration licenses, and 3) partnering and drilling exploratory wells. It explains gameplay mechanics like available finances, knowledge points that reward correct decisions, and calculating return on investment. The goal is for players to learn about the oil and gas industry through practical experience in the simulation.
The document provides an overview of a simulation for an oil and gas exploration team. The team's task is to maximize return on investment by exploring a new petroleum province. They start with $200 million and can apply for more funds. The simulation involves multiple phases: finding basins from surveys, bidding on licenses, drilling exploration wells, testing discoveries, and applying for additional funding if needed. The goal is to accumulate knowledge points through accurate decisions and have the highest return on investment to win the simulation.
OilSim is a simulation game that teaches about the oil and gas exploration process. Players take on the role of an exploration team with the goal of maximizing return on investment. The simulation involves bidding on exploration licenses, interpreting seismic data to find prospects, drilling exploration wells, testing any discoveries, and developing oil fields. Players must manage costs, risks, and environmental concerns at each stage of exploration.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team tasked with maximizing return on investment by discovering oil fields. Key steps include identifying basins from surveys, bidding on exploration licenses, ordering drilling rigs, drilling wells to discover oil fields, and conducting production tests to determine proven reserves. The goal is to end with the highest return on investment compared to initial funds.
Bite size guide for PetroChallenge Faroe Islands 2010simprentisfo
This document provides guidance on three challenges for an oil exploration simulation:
1) Initial screening - Submit coordinates for 3 basin centres for up to 100 credibility points.
2) Prospecting - Select 3 licensing blocks and well commitments based on environmental, geological, and seismic data for up to 300 credibility points.
3) Exploration - Partner by farming out licenses, drill exploration wells, appraise discoveries, and sell blocks to maximize value for up to 300 credibility points.
Digital Marketing Trends in 2024 | Guide for Staying AheadWask
https://www.wask.co/ebooks/digital-marketing-trends-in-2024
Feeling lost in the digital marketing whirlwind of 2024? Technology is changing, consumer habits are evolving, and staying ahead of the curve feels like a never-ending pursuit. This e-book is your compass. Dive into actionable insights to handle the complexities of modern marketing. From hyper-personalization to the power of user-generated content, learn how to build long-term relationships with your audience and unlock the secrets to success in the ever-shifting digital landscape.
Skybuffer SAM4U tool for SAP license adoptionTatiana Kojar
Manage and optimize your license adoption and consumption with SAM4U, an SAP free customer software asset management tool.
SAM4U, an SAP complimentary software asset management tool for customers, delivers a detailed and well-structured overview of license inventory and usage with a user-friendly interface. We offer a hosted, cost-effective, and performance-optimized SAM4U setup in the Skybuffer Cloud environment. You retain ownership of the system and data, while we manage the ABAP 7.58 infrastructure, ensuring fixed Total Cost of Ownership (TCO) and exceptional services through the SAP Fiori interface.
Ocean lotus Threat actors project by John Sitima 2024 (1).pptxSitimaJohn
Ocean Lotus cyber threat actors represent a sophisticated, persistent, and politically motivated group that poses a significant risk to organizations and individuals in the Southeast Asian region. Their continuous evolution and adaptability underscore the need for robust cybersecurity measures and international cooperation to identify and mitigate the threats posed by such advanced persistent threat groups.
HCL Notes and Domino License Cost Reduction in the World of DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-and-domino-license-cost-reduction-in-the-world-of-dlau/
The introduction of DLAU and the CCB & CCX licensing model caused quite a stir in the HCL community. As a Notes and Domino customer, you may have faced challenges with unexpected user counts and license costs. You probably have questions on how this new licensing approach works and how to benefit from it. Most importantly, you likely have budget constraints and want to save money where possible. Don’t worry, we can help with all of this!
We’ll show you how to fix common misconfigurations that cause higher-than-expected user counts, and how to identify accounts which you can deactivate to save money. There are also frequent patterns that can cause unnecessary cost, like using a person document instead of a mail-in for shared mailboxes. We’ll provide examples and solutions for those as well. And naturally we’ll explain the new licensing model.
Join HCL Ambassador Marc Thomas in this webinar with a special guest appearance from Franz Walder. It will give you the tools and know-how to stay on top of what is going on with Domino licensing. You will be able lower your cost through an optimized configuration and keep it low going forward.
These topics will be covered
- Reducing license cost by finding and fixing misconfigurations and superfluous accounts
- How do CCB and CCX licenses really work?
- Understanding the DLAU tool and how to best utilize it
- Tips for common problem areas, like team mailboxes, functional/test users, etc
- Practical examples and best practices to implement right away
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-und-domino-lizenzkostenreduzierung-in-der-welt-von-dlau/
DLAU und die Lizenzen nach dem CCB- und CCX-Modell sind für viele in der HCL-Community seit letztem Jahr ein heißes Thema. Als Notes- oder Domino-Kunde haben Sie vielleicht mit unerwartet hohen Benutzerzahlen und Lizenzgebühren zu kämpfen. Sie fragen sich vielleicht, wie diese neue Art der Lizenzierung funktioniert und welchen Nutzen sie Ihnen bringt. Vor allem wollen Sie sicherlich Ihr Budget einhalten und Kosten sparen, wo immer möglich. Das verstehen wir und wir möchten Ihnen dabei helfen!
Wir erklären Ihnen, wie Sie häufige Konfigurationsprobleme lösen können, die dazu führen können, dass mehr Benutzer gezählt werden als nötig, und wie Sie überflüssige oder ungenutzte Konten identifizieren und entfernen können, um Geld zu sparen. Es gibt auch einige Ansätze, die zu unnötigen Ausgaben führen können, z. B. wenn ein Personendokument anstelle eines Mail-Ins für geteilte Mailboxen verwendet wird. Wir zeigen Ihnen solche Fälle und deren Lösungen. Und natürlich erklären wir Ihnen das neue Lizenzmodell.
Nehmen Sie an diesem Webinar teil, bei dem HCL-Ambassador Marc Thomas und Gastredner Franz Walder Ihnen diese neue Welt näherbringen. Es vermittelt Ihnen die Tools und das Know-how, um den Überblick zu bewahren. Sie werden in der Lage sein, Ihre Kosten durch eine optimierte Domino-Konfiguration zu reduzieren und auch in Zukunft gering zu halten.
Diese Themen werden behandelt
- Reduzierung der Lizenzkosten durch Auffinden und Beheben von Fehlkonfigurationen und überflüssigen Konten
- Wie funktionieren CCB- und CCX-Lizenzen wirklich?
- Verstehen des DLAU-Tools und wie man es am besten nutzt
- Tipps für häufige Problembereiche, wie z. B. Team-Postfächer, Funktions-/Testbenutzer usw.
- Praxisbeispiele und Best Practices zum sofortigen Umsetzen
Have you ever been confused by the myriad of choices offered by AWS for hosting a website or an API?
Lambda, Elastic Beanstalk, Lightsail, Amplify, S3 (and more!) can each host websites + APIs. But which one should we choose?
Which one is cheapest? Which one is fastest? Which one will scale to meet our needs?
Join me in this session as we dive into each AWS hosting service to determine which one is best for your scenario and explain why!
How to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdfChart Kalyan
A Mix Chart displays historical data of numbers in a graphical or tabular form. The Kalyan Rajdhani Mix Chart specifically shows the results of a sequence of numbers over different periods.
Fueling AI with Great Data with Airbyte WebinarZilliz
This talk will focus on how to collect data from a variety of sources, leveraging this data for RAG and other GenAI use cases, and finally charting your course to productionalization.
In the rapidly evolving landscape of technologies, XML continues to play a vital role in structuring, storing, and transporting data across diverse systems. The recent advancements in artificial intelligence (AI) present new methodologies for enhancing XML development workflows, introducing efficiency, automation, and intelligent capabilities. This presentation will outline the scope and perspective of utilizing AI in XML development. The potential benefits and the possible pitfalls will be highlighted, providing a balanced view of the subject.
We will explore the capabilities of AI in understanding XML markup languages and autonomously creating structured XML content. Additionally, we will examine the capacity of AI to enrich plain text with appropriate XML markup. Practical examples and methodological guidelines will be provided to elucidate how AI can be effectively prompted to interpret and generate accurate XML markup.
Further emphasis will be placed on the role of AI in developing XSLT, or schemas such as XSD and Schematron. We will address the techniques and strategies adopted to create prompts for generating code, explaining code, or refactoring the code, and the results achieved.
The discussion will extend to how AI can be used to transform XML content. In particular, the focus will be on the use of AI XPath extension functions in XSLT, Schematron, Schematron Quick Fixes, or for XML content refactoring.
The presentation aims to deliver a comprehensive overview of AI usage in XML development, providing attendees with the necessary knowledge to make informed decisions. Whether you’re at the early stages of adopting AI or considering integrating it in advanced XML development, this presentation will cover all levels of expertise.
By highlighting the potential advantages and challenges of integrating AI with XML development tools and languages, the presentation seeks to inspire thoughtful conversation around the future of XML development. We’ll not only delve into the technical aspects of AI-powered XML development but also discuss practical implications and possible future directions.
Building Production Ready Search Pipelines with Spark and MilvusZilliz
Spark is the widely used ETL tool for processing, indexing and ingesting data to serving stack for search. Milvus is the production-ready open-source vector database. In this talk we will show how to use Spark to process unstructured data to extract vector representations, and push the vectors to Milvus vector database for search serving.
This presentation provides valuable insights into effective cost-saving techniques on AWS. Learn how to optimize your AWS resources by rightsizing, increasing elasticity, picking the right storage class, and choosing the best pricing model. Additionally, discover essential governance mechanisms to ensure continuous cost efficiency. Whether you are new to AWS or an experienced user, this presentation provides clear and practical tips to help you reduce your cloud costs and get the most out of your budget.
Taking AI to the Next Level in Manufacturing.pdfssuserfac0301
Read Taking AI to the Next Level in Manufacturing to gain insights on AI adoption in the manufacturing industry, such as:
1. How quickly AI is being implemented in manufacturing.
2. Which barriers stand in the way of AI adoption.
3. How data quality and governance form the backbone of AI.
4. Organizational processes and structures that may inhibit effective AI adoption.
6. Ideas and approaches to help build your organization's AI strategy.
Nunit vs XUnit vs MSTest Differences Between These Unit Testing Frameworks.pdfflufftailshop
When it comes to unit testing in the .NET ecosystem, developers have a wide range of options available. Among the most popular choices are NUnit, XUnit, and MSTest. These unit testing frameworks provide essential tools and features to help ensure the quality and reliability of code. However, understanding the differences between these frameworks is crucial for selecting the most suitable one for your projects.
5th LF Energy Power Grid Model Meet-up SlidesDanBrown980551
5th Power Grid Model Meet-up
It is with great pleasure that we extend to you an invitation to the 5th Power Grid Model Meet-up, scheduled for 6th June 2024. This event will adopt a hybrid format, allowing participants to join us either through an online Mircosoft Teams session or in person at TU/e located at Den Dolech 2, Eindhoven, Netherlands. The meet-up will be hosted by Eindhoven University of Technology (TU/e), a research university specializing in engineering science & technology.
Power Grid Model
The global energy transition is placing new and unprecedented demands on Distribution System Operators (DSOs). Alongside upgrades to grid capacity, processes such as digitization, capacity optimization, and congestion management are becoming vital for delivering reliable services.
Power Grid Model is an open source project from Linux Foundation Energy and provides a calculation engine that is increasingly essential for DSOs. It offers a standards-based foundation enabling real-time power systems analysis, simulations of electrical power grids, and sophisticated what-if analysis. In addition, it enables in-depth studies and analysis of the electrical power grid’s behavior and performance. This comprehensive model incorporates essential factors such as power generation capacity, electrical losses, voltage levels, power flows, and system stability.
Power Grid Model is currently being applied in a wide variety of use cases, including grid planning, expansion, reliability, and congestion studies. It can also help in analyzing the impact of renewable energy integration, assessing the effects of disturbances or faults, and developing strategies for grid control and optimization.
What to expect
For the upcoming meetup we are organizing, we have an exciting lineup of activities planned:
-Insightful presentations covering two practical applications of the Power Grid Model.
-An update on the latest advancements in Power Grid -Model technology during the first and second quarters of 2024.
-An interactive brainstorming session to discuss and propose new feature requests.
-An opportunity to connect with fellow Power Grid Model enthusiasts and users.
6. Blocks are divided into smaller cells e g. R1C1 Columns e.g C1 and C54 Rows e.g R15 and R97
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15. 1. SOURCE ROCK where organic material is put under sufficient pressure 2. MIGRATION ROCK where hydrocarbons are driven through 3. CAP ROCK Impermeable rock that stops migration of hydrocarbons 4. PROSPECT
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17. Red areas You will not be awarded blocks that contain any red spots Blue areas Blocks in area may be awarded Environmentally Sensitive areas
18. Layer 3 Eocene 1500m below the seabed Layer 2 Paleocene 2500m below the seabed Layer 1 Cretaceous 3500m below the seabed CRS. Common Risk Segment surveys tell you about the probability of a structure in the block/cell containing oil or gas Surface
43. When a team receives a Farm-In offer to appears under Financing. This is where a team can receive finance or money for a % of their own blocks
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45. All your farm-in offers to other teams are shown under “Investing” on the right-hand side of the homepage . This is where a team offers investments to other teams for a % of their blocks
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50. Choose drilling rig Scroll down the page to see the Drillships, Semi-subs and Jack-ups
Welcome to OilSim, Exploration and Production Our simulation today is being used to give you a general overview and an Oil and Gas Exploration and Production company and how the parts within it function together. The simulation is a very simplified version of the whole Upstream value chain, since we only have one day to show you the whole process. Also, TOTAL might do things a little differently in certain areas, but the intention is for you to appreciate the complexities of each area and to understand a little of what your colleagues do in departments outside your own. For those of you who are geologists – you might find our 3d seismic to be very simplified compared with the analysis you do on a daily basis For Construction or production engineers – the simplified process of determining the field development does not cover all the steps necessary HOWEVER, the aim is NOT to make you all experts in every part of the Upstream industry but for you to see how all your individual jobs contribute to a larger process and just to give you an insight into the dynamics TOTAL faces each day
how environmental issues are addressed, how testing and appraisal wells reduce uncertainty, and finally the whole concept of economically viable volumes, to find out when do you move beyond exploration and start producing the oil or gas.
In order for your team to be able to start exploring, the headquarters have provided you with 200 million US dollars in virtual money. You can spend this money on acquiring surveys, bidding for licenses, investing in other team’s licenses, and drilling wells. If you run out of money, it is possible to apply for more money from the headquarters. You have to be careful, however, that you do not accept too much money, because, as mentioned, you are being measured on the Return On Investment, or ROI. The ROI is calculated as the value divided by the funds that you receive from the headquarters, so the more money you get, the harder it is to have a high ROI. The value is calculated as the net present value of all the oil and gas fields that your team owns a share of – minus everything you spend.
The long and bumpy road for oil from the underground to your tank, is called the oil and gas industry value chain. The value chain is divided further into these parts: Upstream is about getting the hydrocarbons up from the ground, and comprises of activities related to exploration, field development, construction, production and abandonment. By its nature, the exploration phase is common for both oil and gas, but soon afterwards, the oil and gas value chain will segregate into two parallel value chains. Midstream is about transportation and storage, as well as oil refining and gas processing. Downstream is about distribution and retail sales of gas, fuels and lubricants, plastics and other hydrocarbon derivatives to industrial and consumer markets. OilSim Exploration is all about the exploration part of the oil and gas industry. Exploration is about finding the hydrocarbons and proving that they are in sufficient quantities to start producing. OilSim Production is about actually taking the oil or gas out of the subsurface.
This is how the screen looks like when you browse to the www.oilsim.com web site. To enter the system, you need to enter your user name and your password, and then press the Return key on the keyboard. You will get the user name and password from your teacher/facilitator.
Main screen overview In the middle you can see the map again with a legend below. Later in the simulation the blocks in the map will have different colour codes depending on for example whether it is currently on offer or whether there has been found oil or gas there. You can click on any block on the map and get more information about that block. There is not much information in these ”block pages” early in the simulation session, but these pages that describe each of the blocks become increasingly complex and comprehensive towards the end of the simulation. In the middle of this page you can see a description of the current task with six fields to fill out before the deadline passes. In the left hand side there is first a summary of the current standings. This includes your total value, the capital you have received from headquarters, the cash you have left, your return on investment, your rank among all the players in this simulation reality, and the knowledge points that you have accumulated. Knowledge points are awarded based on how well you solve the tasks within OilSim, and can be used when you ask for more money from the headquarters. By clicking More you can review the accounts with all financial transactions. Below the summary is a brief status, including the deadline for this task. Below the status are a number of simulation options, of which the first one (Home) is the most frequently used. In the Mailbox you can read and send messages from and to your rivals, as well your headquarters and the ministry who awards the licenses. When you click Home you get back to the first page of OilSim, and it is a good advice to go back to the home page frequently. You can also send applications to the headquarters for new funds for your exploration, but be prepared to answer some questions before you can get them to release the funds. By clicking Teams you can see how the other teams are doing, and by clicking Knowledge you can get a list of the times you have gained or lost knowledge points. Below this there are a number of helpful texts for you, including a brief description of the simulation concept, the geology, partnerships, and a glossary. The general structure of this page remains the same throughout the simulation.
Your first task is to identify the three basins that are in the area. A basin is an region in the deep subsurface with a high accumulation of sedimentary rocks. These sediments in general contain dead plants and animals – also known as organic material – that were deposited million of years ago. Some of the organic material has been put under enough pressure and been exposed to high enough temperatures to be converted into hydrocarbons, including oil and gas. This oil and gas has since migrated from the basins, but we will get back to that later. For the time being, you are being asked to identify the basins in the area, so that you know where the oil and gas came from. The way you do it is through buying and studying of magnetic and gravimetric surveys. When you think you have identified where the three basins are, you enter three different coordinates – one column and row for each basin centre – on the form on the home page. It should be noted that you shall enter coordinates – and not blocks – and that the coordinates you enter here are only the basin centres – and not the place you will search for oil and gas in.
One of the two types of surveys are the gravimetric surveys. Gravimetric surveys show how the gravity differs over the area, and are – as the magnetic surveys – carried out by aeroplanes with sensitive measuring devices. The reason gravity is not the same all over is that the rocks in the subsurface are not the same. Different types of rocks give different gravity pulls, and more specifically the sedimentary rocks in basins are not so dense as the surrounding crystalline rocks. Therefore, the lower the gravity pull, the higher the probability that there is a basin below, and vice versa.
Magnetic surveys show similar information as gravimetric surveys, and are carried out the same way. The sedimentary rocks in the basins have a lower concentration of magnetic materials than the surrounding crystalline rocks. Thus the sedimentary basins are the areas with the lowest magnetic field.
Due to the natural variation between the magnetic and gravimetric characteristics of the structure, the centre location may vary. The task is then to identify the average centre, by interpolation of the different centres. Calculate the average centre, as the average centre between the gravimetric and magnetic centre: Average Row no = Row no of magnetic + Row no of gravimetric, divided by 2 Average Column no = Column no of magnetic + Column no of gravimetric, divided by 2 The average centre will then show in the middle.
Once the simulation has been unpaused, you will receive a Notification in your mailbox, on the left-handside of the homepage. In the notification, you can see the basin coordinates chosen by each team and the number of knowledge points awarded to each team, based upon their submitted answers. If you look at the cell coordinates of one of the teams that was awarded close to 100 points, then you can see what the correct answers were.
Oil and gas is likely to be found close to these identified sedimentary basins. The next step is the First licensing round, where exploration licenses for blocks situated in one of these basins are being offered by the Government. Each team will be able to make bids for particular blocks. A block is a geographically two-dimensionally delimited area of the earths surface, assigned by the government. Your task now is to identify three blocks that your team believes to have the best prospects and submit license bids to the Government for them. To evaluate the blocks potential, you must identify if it has any pockets of hydrocarbons, and determine if there are any circumstances that would prohibit or limit the possibilities of exploration of the blocks resources. Your offer for the block must be wise. If it is too low, someone else may get it. If too high, you waste valuable cash, compared to the potential yield from the block.
This slide illustrates the relationship between the sedimentary basins you identified in the first task and the prospects which you will encounter in the second task. Oil and gas form as the result of a precise sequence of environmental conditions: The presence of organic material – like plants, algae and bacteria Organic remains being trapped and preserved in sediment The material is buried deeply and then slowly "cooked" by increased temperature and pressure. Rocks containing sufficient organic substances to generate oil and gas in this way are known as source rocks . Once it has formed, oil and gas moves away (migrates) from the source rock. This movement happens for two reasons. First the oil and gas expand to take up more room than the original organic matter therefore their pressure on the rock increases and they try to escape. Second, being less dense than the surrounding rock and water, they tend to rise upwards. The oil is held in pores of the rock and continue to rise upwards until it reaches the surface or a layer of impermeable rock (cap rock) and is trapped. A prospect is a subsurface structure that is likely to contain hydrocarbons, where There is a source rock , where the original oil or gas was generated. Porous migration rock allowing the hydrocarbons to move into the prospect A porous reservoir rock in which the oil and gas is held and An impermeable cap rock that traps the oil and gas in place
There are many types of traps formed by rock formations: The most common type of trap and the ones found in OilSim are Four-Way Closure Trap, a type of anticline trap that occur within the same layer which has been pushed up into an arch but where the hydrocarbons are stopped from migrating further upwards due to the cap rock. Fault traps are created where layers of rock slide up against each other and contain permeable and impermeable rock. The oil migrating through the impermeable rock is cut off by an impermeable layer and trapped against the fault. Stratigraphic traps kee p hydrocarbons in place due to changes in the rock type or sedimentary features of the area and an uneven distribution of formations. Salt Dome traps enable hydrocarbons to aggregate into pockets on both sides of the dome as stratigraphic traps, as well as above the dome as an anticline s trap.
Spawning grounds are fish breeding grounds, and therefore very sensitive to any pollution, derived from oil and gas exploration and production. In the real world, licenses are still offered where spawning grounds exist, but exploration and production activities are limited to times of the year when the fish are not breeding. However, in the OilSim simulation the Spawning Ground Survey covers the whole map and the red areas are spawning grounds and licenses WILL NOT be awarded for blocks that contain a red area. Even if a block contains only a very small red area the license will not be awarded. So looking at this map, if you submitted blocks 88 and 102 as 2 of your choices, neither of this blocks would be awarded licenses.
Since the CRS show the probabilities of prospects in only one particular horizon or layer, it is necessary to purchase the CRS for all 3 layers so that you can determine which area within the licensing area contains the highest probability of containing oil and gas. So on the CRS maps shown here the area circled in black on the OilSim map and each of the CRS shows that the area in question is within the licensing area and is green on all three CRS layers, indicating high probability of oil and gas on all 3 layers within the same area or blocks. Potentially an area that requires further investigation for individual prospects.
Geophysicists use the physical characteristics of rocks, their magnetic and gravitational properties and how sound waves travel through different kinds of rocks to help understand the structures below the Earth's surface. Survey ships and aircraft collect data and produce gravimetric, magnetic and 2d seismic surveys. Using different techniques allows scientists to locate particular rock formations that might contain trapped oil, including the 2d seismics which can help locate the traps. 2d seismic surveys in real life are available in rows and columns within a geographical area, following the path travelled by the ship or aircraft collecting the data. In OilSim the seismic information also follows the rows and columns, but is only available for every second row and column.
There are 3 types of data available when you order Seismic surveys in OilSim. Unprocessed data, is the raw data that is available fairly soon after the seismic providors have done the surveys Processed data gives you more information about the geological layers in the ground Interpreted date has been interpreted by geologists. These surveys identify the sealing and reservoir rocks, and possible fault lines in the geological structure. The traps in OilSim are either: anticlinal fault traps
Try and find at least 5 prospects in the block that you are going to bid for. In this example the yellow circles show prospects for block 547. The reason that 4 areas have been marked is that the green line (reservoir rock) makes a “peak” and there is a sealing rock (the red line) above them making sure that the oil and/or gas doesn’t migrate to an other area.
To buy surveys, click on survey tab and then order the Seismic surveys from the survey shop. After you’ve clicked “buy” this screen will appear. The yellow box over the map allows you to buy all the seismic data for those particular blocks. So click and hold and move the box to the area you wish to purchase. Choose what area you want to buy. Decide if you want columns or rows Choose if you want processed or unprocessed surveys. Processed data takes more of your time, but you get better data Choose interpreted or uninterpreted data. Intrpretede data takes more of your time, but you get better data. Then order batch, The price of the order will change depending upon your requests and the data type you want.
When the “batch process” has reached 100% the process is finished. You’ll then be able to view the batch you bought in the centre of the page. The red circles on this slide are navigation buttons and allow you to see all your 2D seismic in small icons. To focus on one specific 2D seismic, click on that icon.
However, you must remember that you are looking for the ”four-way trap”, so you need to ensure that the peaks or bumps line up on both the column and row, where they intersect. In this slide you can see that a 2D seismic survey for a Column and also one for a Row. Now where they cross, or intersect there needs to be peaks, it is only then that there is likely to be a trap.
So lets recap on the things you need to do to solve this task wisely and give you the highest probability finding prospects. First – buy and review the spawning ground map to check which blocks you should completely avoid Secondly - buy all three CRS surveys ato study these closely to find out which blocks have the highest probability of prospects Thirdly – Buy and assess lots of 2D seismic surveys in order to identify particular blocks where there appear to be four-way traps and therefore the highest number of prospects. Finally – consider your preferences and reviewing the water depths of the blocks, since those with shallow water will be cheaper to drill in and therefore more economically viable in the long run from a production point of view.
When the deadline has passed each team has one exploration teams. You can see a summary of the licensing round in a message in the Mailbox. There you can see who got which blocks for what amount, which blocks all the teams bid for, and how many credibility points each team got
Gentlemen, hold your horses! Exploration Drilling is not about going drilling into the ground. It is about careful planning the drilling operation , and foremost to spread the costs and risks involved upon many shoulders. Thus farm-outs are imperative activities before drilling itself can be conducted.
You need to buy and study 3D seismic interpretation in order to find out where to drill. Each 3D seismic interpretation shows the geological structure for one horizon of one of the license blocks. What you should look out for is four-way closure structural traps, as these are the only traps in OilSim.
Farm-in and out is about spreading the risk, thus basic risk management must be applied: Risk Sharing.
When reviewing a farm-out offer you can either accept the amount or % the license owner requests, or amend the amounts to your own offer. Add a message to the seller explaining why they should choose your team and press “Send offer”
Financing – Is where a team is able to accept offers, and therefore receive money or “finance” for a % of their own blocks When a team receives a Farm-In offer it appears under financing on the right hand side of the homepage
By clicking on this offer the team can then accept or reject the offer. A partnership is established every time a license owner accepts an offer. You can farm in and farm out at any time from now on, but you need to sell at least 20% to be allowed to start drilling in the block that you operate. Note, that you on the license tab can get an overview of the licenses that you operate, the licenses that you have invested in, and all the other licenses. You are not allowed to drill before at least 20% of your license has been farmed out.
All your farm-in offers to other teams are shown under “Investing” on the right-hand side of the homepage . This is where a team offers investments to other teams for a % of their blocks Remember you must have farmed-out 20% of your own block before you can drill.
When you have entered a partnership, you will pay your share of all future costs in the license. This includes your share of all exploration wells that are drilled. On the other hand, you will receive your share of the net value of any oil or gas that is found in the license. If you own 20% of a license you pay 20% of all costs, and you receive 20% of all license values. Even if there are other owners, it is the operator team that takes all decisions regarding acquirement of 3D seismic, drilling of wells, and testing of wells. When you are a partner in a license block, you get all information about the discovered oil and gas fields A team can farm-out up to 70% of each licence, but must keep 30%.
Before you begin to drill you need to know the water depth so that you choose the right type of rig. You can find this information by clicking on your block and scrolling to the bottom of the screen where a map of the whole block’s water depths are shown. By scrolling over each cell you can see the water depth for each particular cell.
The next task is to choose which rig to use to drill the exploration well, but you will need to know how deep the water is in the area you wish to drill, so check out the water depths under your block information. There are three types of rigs: jack-up rigs for shallow waters, semi-submersible rigs for middle waters and drillships for the deepest waters. The rigs have different costs per day, and the drilling days depend on how deep you drill into the subsurface and which service providers you choose Few: limited number of rigs available. If you get one: start using it within 20 minutes. If you don’t: wait in a queue, if another team is using the rig. Price can change: rig day rates are dynamic.
Rig service providers are needed to operate the rig properly. Analysis, Shore base, Vessels, Well Services, Airways High-star-providers are expensive, but you may be more sure that the operation wil be smooth. Avoid though to use expensive providers everytime, as you will run out of money too soon. Medium-star-providers are medium-priced, as the risk involved are a bit higher than with the expensive ones. Few-star-providers are low-priced, and may be a good choice when you shall drill many and non-critical wells.
Before you choose where to drill you should buy an Environmental Impact Assessment (EIA) survey to get more knowledge about the area. The benefit of an EIA survey is that you will be prepared for any environmental challenges you might encounter when drilling. With an EIA survey you will have lesser probability for drilling problems, and the extra costs will be less. Also, in the EIA survey you can see which drilling locations you should avoid. Some areas in your block are challenging to drill in. This can be because of strong currents, adverse conditions on the seabed or other local conditions. When you drill in those locations your costs go up 20%. You can see these locations in the EIA survey. You only have to buy one EIA survey for each license that you operate. You can find the EIA surveys under Surveys.
As this figure illustrates, you can drill through all three horizons in one well. You can even drill a deviated well, so that the position is not exactly the same in all horizons. The deviation can be 1 cell for each horizon.
To determine how long it will probably take to complete drilling, check out the “drilling Information” tab.
Inputting estimated cost of drilling gives you credibility points. You need to add all the costs of the rig and the service providers together and multiply this by the number of days you think it will take you to drill. The oil spill control is voluntary but costs 5% of the drilling amount per day but will earn you more knowledge points and cost you less to clear an oil spill if it happens. The oil spill control acts as a gas blow-out preventer too.
Drilling is instantaneous in OilSim and this is an example of how the drilling results might look like: In this particular case the well was drilled through all three layers (horizons). Gas was found in the deepest layers, while no prospect was found in the topmost and middle layers. The area of the gas find is estimated to be between 1 and 9.4 square kilometers. The thickness of the field is estimated to be between 103 and 290 meters. The quality on a scale from 0 to 10 is estimated to be between 1.8 and 6.1. These three variables – area, thickness, and quality – together give a volume range of between 8 million and 674 million barrels of oil equivalent, MBOE. The 674 MBOE is what is possible with 10% probability, while the 8 MBOE is what is PROVEN. It is only the proven volume of 8 MBOE that we can use in the calculations of economic viability. Only if you discover a field – find Oil or Gas You decide whether you want more information about that field More information by doing a production test (and other tests) Tests costs. Tests take 10 days per field. Tests have the same day-rate as the drilling if you use the same providers.
Cost $100000
When you have drilled the first well, you only have a small sample of the new-found oil or gas field. This is evident by the wide ranges of the area, thickness, quality, and volume variables. These wide ranges tell you that you actually do not know much about the field. After drilling and testing, your next step therefore is to drill another well – and test it. This is called an appraisal well. Normally it takes at least three or four wells into a field before the license block becomes economically viable. Sometimes it takes much more, and therefore you should not give up if the first wells into a field do not give any license value. However, you should give up if the upper boundaries of the field become so low that there is no chance that it becomes economically viable. This is often the case in deep-water blocks, where the CAPEX are very high.
Here you can see an example of how the volume range narrows for each test and each well
If you run out of cash, you can apply for more money from the headquarters. This is done through Apply for more funds on the menu to the left.