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.
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.
ADD VALUE AND ADHERE TO REGULATIONS WITH TRACEABILITY OF BATTERY SUPPLY CHAINDesignTeam8
This document discusses Circulor's blockchain-based supply chain traceability technology. It provides examples of how Circulor has helped clients like Volvo trace minerals in battery supply chains. The technology creates digital twins of materials to track them through industrial processes and attributes carbon emissions. Dashboards give authorized stakeholders visibility to monitor activity and risks. The document also outlines new EU battery regulations and how Circulor's platform can help all actors in supply chains comply with increasing traceability and transparency requirements.
The Norcem CO2 Capture Project tested four post-combustion carbon capture technologies at a test center located at the Norcem cement plant in Brevik, Norway over a scheduled 3.5 year period. The project found that Aker Solution's amine-based technology was able to reliably capture over 90% of CO2 emissions during long-term testing. Benchmark studies were conducted to evaluate the commercial viability of installing carbon capture technology at the Norcem plant. Further work will optimize the amine technology and study integrating a commercial-scale capture plant at the Brevik site. The project provides valuable insights into the feasibility of deploying carbon capture in the cement industry.
This document provides instructions for recording a PowerPoint presentation within PowerPoint using Camtasia Studio in 3 steps:
1. Set up the recording by launching the Camtasia recording toolbar within PowerPoint to select recording options like audio source and camera setup.
2. Control the PowerPoint presentation normally during recording by starting the recording, checking microphone levels, and stopping using keyboard shortcuts or buttons.
3. After recording, choose to either stop recording and save or continue recording, then decide whether to produce the recording immediately or edit it first before producing.
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.
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.
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.
ADD VALUE AND ADHERE TO REGULATIONS WITH TRACEABILITY OF BATTERY SUPPLY CHAINDesignTeam8
This document discusses Circulor's blockchain-based supply chain traceability technology. It provides examples of how Circulor has helped clients like Volvo trace minerals in battery supply chains. The technology creates digital twins of materials to track them through industrial processes and attributes carbon emissions. Dashboards give authorized stakeholders visibility to monitor activity and risks. The document also outlines new EU battery regulations and how Circulor's platform can help all actors in supply chains comply with increasing traceability and transparency requirements.
The Norcem CO2 Capture Project tested four post-combustion carbon capture technologies at a test center located at the Norcem cement plant in Brevik, Norway over a scheduled 3.5 year period. The project found that Aker Solution's amine-based technology was able to reliably capture over 90% of CO2 emissions during long-term testing. Benchmark studies were conducted to evaluate the commercial viability of installing carbon capture technology at the Norcem plant. Further work will optimize the amine technology and study integrating a commercial-scale capture plant at the Brevik site. The project provides valuable insights into the feasibility of deploying carbon capture in the cement industry.
This document provides instructions for recording a PowerPoint presentation within PowerPoint using Camtasia Studio in 3 steps:
1. Set up the recording by launching the Camtasia recording toolbar within PowerPoint to select recording options like audio source and camera setup.
2. Control the PowerPoint presentation normally during recording by starting the recording, checking microphone levels, and stopping using keyboard shortcuts or buttons.
3. After recording, choose to either stop recording and save or continue recording, then decide whether to produce the recording immediately or edit it first before producing.
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.
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 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.
This document provides an overview of introductory quantitative methods concepts including:
- The differences between qualitative and quantitative research
- The main goals of quantitative research such as measurement, generalization, and establishing causality
- Key terms like operationalization, variables, and levels of measurement
- The four levels of measurement: nominal, ordinal, interval, and ratio
- Where to find data and statistics at the University of Victoria
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.
Applied Science Technologists and Technicians of BC (ASTTBC)genegeek
The document provides an overview of the engineering sector hierarchy in British Columbia, including the roles and responsibilities of different professionals. It distinguishes between professional engineers, applied science technologists, certified technicians, and tradespeople. Professional engineers can work independently outside established codes and practices, while technologists assist engineers and work within existing standards. The document outlines the education, experience, and licensing requirements for each role and provides examples of how the hierarchy is structured within municipal engineering departments and public utility engineering divisions.
How to teach and earn with arabic coachالمدرب العربي
A teacher registers an account providing their country, time zone, specialty, languages, hourly rate, and Skype/Yahoo ID. They also upload a recent photo and short video introducing their skills and experience. Finally, they set a weekly schedule. A student registers with their country, time zone, and contact details. They browse teacher profiles, book classes within available time slots by charging their account, and wait for teacher confirmation to start the online lesson via Skype or Yahoo. Teachers can redeem accumulated payments in $100 increments.
To study Arabic, a student must first register an account providing their country and time zone. They then provide their Yahoo or Skype ID to contact teachers. The student can browse teacher profiles to select one and book a class by paying, then wait for the teacher's confirmation email. After confirmation, the student must be on time on Yahoo or Skype to start the Arabic lesson.
A student registers an account providing personal details and communication methods, then browses teacher profiles to select one for Arabic language lessons. The student books a class by charging their account and waiting for the teacher's confirmation, and both must be online at the scheduled time via Yahoo Messenger or Skype to start the lesson. Teachers can redeem money in multiples of $100 from their earnings.
To sign up as a teacher on ArabicCoach.com, one must fill out required fields including country, time zone, specialty, other languages, and hourly rate. Teachers must also provide their Yahoo Messenger or Skype ID for student contact, upload a recent photo and recorded video convincing students of their teaching skills and experience. Finally, teachers should set up their weekly schedule before having fun teaching Arabic.
A student registers an account providing personal details and communication methods, then browses teacher profiles to select one for Arabic language lessons. The student books a class by charging their account and waiting for the teacher's confirmation, and both must be online at the scheduled time via Yahoo Messenger or Skype to start the lesson. Teachers can redeem money in multiples of $100 from their earnings.
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 - 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.
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.
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 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 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.
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.
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.
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 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.
This document provides an overview of introductory quantitative methods concepts including:
- The differences between qualitative and quantitative research
- The main goals of quantitative research such as measurement, generalization, and establishing causality
- Key terms like operationalization, variables, and levels of measurement
- The four levels of measurement: nominal, ordinal, interval, and ratio
- Where to find data and statistics at the University of Victoria
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.
Applied Science Technologists and Technicians of BC (ASTTBC)genegeek
The document provides an overview of the engineering sector hierarchy in British Columbia, including the roles and responsibilities of different professionals. It distinguishes between professional engineers, applied science technologists, certified technicians, and tradespeople. Professional engineers can work independently outside established codes and practices, while technologists assist engineers and work within existing standards. The document outlines the education, experience, and licensing requirements for each role and provides examples of how the hierarchy is structured within municipal engineering departments and public utility engineering divisions.
How to teach and earn with arabic coachالمدرب العربي
A teacher registers an account providing their country, time zone, specialty, languages, hourly rate, and Skype/Yahoo ID. They also upload a recent photo and short video introducing their skills and experience. Finally, they set a weekly schedule. A student registers with their country, time zone, and contact details. They browse teacher profiles, book classes within available time slots by charging their account, and wait for teacher confirmation to start the online lesson via Skype or Yahoo. Teachers can redeem accumulated payments in $100 increments.
To study Arabic, a student must first register an account providing their country and time zone. They then provide their Yahoo or Skype ID to contact teachers. The student can browse teacher profiles to select one and book a class by paying, then wait for the teacher's confirmation email. After confirmation, the student must be on time on Yahoo or Skype to start the Arabic lesson.
A student registers an account providing personal details and communication methods, then browses teacher profiles to select one for Arabic language lessons. The student books a class by charging their account and waiting for the teacher's confirmation, and both must be online at the scheduled time via Yahoo Messenger or Skype to start the lesson. Teachers can redeem money in multiples of $100 from their earnings.
To sign up as a teacher on ArabicCoach.com, one must fill out required fields including country, time zone, specialty, other languages, and hourly rate. Teachers must also provide their Yahoo Messenger or Skype ID for student contact, upload a recent photo and recorded video convincing students of their teaching skills and experience. Finally, teachers should set up their weekly schedule before having fun teaching Arabic.
A student registers an account providing personal details and communication methods, then browses teacher profiles to select one for Arabic language lessons. The student books a class by charging their account and waiting for the teacher's confirmation, and both must be online at the scheduled time via Yahoo Messenger or Skype to start the lesson. Teachers can redeem money in multiples of $100 from their earnings.
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 - 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.
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.
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 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 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.
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.
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 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.
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.
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 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 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 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.
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.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
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For more information about PECB:
Website: https://pecb.com/
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Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
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2. You are an exploration
team in charge of a new
petroleum province.
Multidisciplinary challenge: Enhance your
overall understanding of petroleum
exploration and field development.
Create a Return on Investment
3. You start with $200 million
Create value
Net value of the oil and gas discovered MINUS
all costs involved
Credibility points awarded
Sensible decisions and correct answers
CPs are a measure of ability and
credibility
Considered when bidding for blocks
Used when applying for funds
4. Where and how to find hydrocarbons
Corporate Social Responsibility
Licensing rounds
Farm-in and Partnerships – negotiations
Drilling rigs
Sub-contractors
Environmental issues
Economically viable volumes
Team work, Critical decision making
9. Columns e.g C1 to C112
Rowse.g.R1toR144
Block
Blocks are
divided into 64
smaller cells
e g. R52C110
10. Challenge: Find three sedimentary basins
Procedure:
Buy and study magnetic and gravimetric surveys
Submit the coordinates for each centre
Column and row number for each basin centre
11. Gravimetric surveys indicate
changes in the gravitational
pull of the Earth in different
areas of the sub-surface.
Lower gravitational fields
indicates likelihood of low
density rocks –Sedimentary
rocks, porous and hopefully
containing hydrocarbons
13. Magnetic surveys show
anomalies in in the expected
magnetic field of the Earth in
particular areas.
Sedimentary rocks in the basins
have a lower concentration of
magnetic materials and lower
magnetic field than the
surrounding crystalline rocks.
17. Locate edges of
the continous
basin structure
Locate the
diagonals and
thus basin centre
18. Example:
Top basin on both
maps
Calculate the
midpoint
between the
gravimetric and
magnetic centres
found
= C55 and R105
C50
R100
C60
R110
19. 3 centres – one Centre
midpoint for each basin
Example: C55, R105
Solve before deadline. All
submissions are evaluated
after the deadline (and not
before).
You may get 0-100 CPs. All
three centres must be located
to get full knowledge points.
21. The government has decided
to put the blocks in one of
the basins on offer.
Challenge
Determine 3 best blocks to
bid for
Initiate Corporate Social
Responsibility projects
Commit to Exploration
drilling programme
Licensing
area
22. Any restrictions involved? - Spawning grounds
What are we looking for? - Prospects
Where do we find prospects?
In basins, where hydrocarbons have been
1) are produced and 2) trapped
How do I find them? - Geoscientific analysis
Common Risk Segment maps, 2D seismic
23. 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
24. (c) OLF
Anticline trap
Fault trap
Stratigraphic
trap
Salt dome trap
Geological “pockets”, that might contain hydrocarbons.
25. Red areas
You will not be awarded
blocks that contain any
red spots (spawning
grounds)
Blue areas
Blocks in area may be
awarded
26. 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
27. Traps can be found with
seismic surveys and
sound waves bouncing
off structures
2D seismic survey is a
vertical cross section of
the geological layers
along either a column or
a row
30. What type of data do you want?
Columns or Rows
Unprocessed or processed data
Interpreted or not
Only buy maximum
of 1 block of data
at a time to speed
up processing
31. It takes time to process your request
Created to order
Moves to surveys once processed
32. Red circles – navigate
through the 2D seismic
Yellow square – Row 1
from Column 1-56
38. Corporate Social Responsibility
Affects a company’s reputation and their credibility
Increase Credibility by initiating CSR projects
CSR points considered when bidding for a block
Commit to work programme, as part of licensing
programme
State how many exploration wells you promise to
drill.
Bids are evaluated based on work programme and
team credibility
40. Sport sponsorship
Geoscience Institute
Bribery
Orphanage
Business development
Wind mill
University exchange
programme
Safety training center
Fact finding mission
Procurement training
Park
Environmental
assessment
Primary school
computers
Wave energy plant
Advertisements
Social welfare study
TV documentary
Airline frequency
Business simulation
Support singer
41. • Max Round spend:
$30M on CSR projects
• Each project:
Financial cost and CPs
• Projects in grey:
not enough cash or
CPs to do
• Outcome:
Positive/negative CPs
earnt on completion
45. Choose 3 blocks with good prospects
Commit to a number of exploration wells
Bids evaluated using the following formula:
Each well is worth 100 Credibility Points
Bidding points = CP + 100 * No. of wells committed
If 2 teams choose the same block and same no.
Of wells – the team with the highest CPs will
be awarded the block
Government awards one block per team
46. Select number of exploration
wells that are to be drilled
1-4 wells
Team’s first choice block = block
with most committed wells
Penalties:
Bid disregarded if overcommit no
of exploration wells
Minus 10 credibility points for
each bid where the number of
committed wells is higher than
the number of prospects
49. Environmentally sensitive
areas – blocks to avoid
Common Risk Segment
surveys – areas of higher
probability of prospects
2D seismic – blocks with
most structures
Final tip - Check water depth
- shallow water blocks
50. Message sent to all
Results and CPs
One license per
team
51.
52. The headquarters of your company has
evaluated the license that you were awarded.
Although the possibility of finding oil is fair,
the costs involved are large.Thus the
headquarters want you to spread the risk.
Challenge:You shall farm-out minimum 20%
from your license – and farm-in as much as
you can in other good licenses.
53. Acquire 3D Seismic interpretations for the
block you operate, and study the results from
the licensing round
Farm-out: Get others to invest 20% or more
in your license – you can send them surveys
Farm-in: Send offers to other teams to buy
shares in their viable licenses. Submit an offer
for each viable license, with amount offered
and share wanted in whole %.
56. Spread the risk: e.g Investing in other blocks
divides the risks amongst all partners, much
more preferable than keeping 100% of one
field and all the risk.
Increase probability of profit: investment in
only 1 field which could be a dry prospect is
possible, whereas the likelihood of investing
in 5 fields which are all dry is unlikely.
57.
58. Either accept the
amount or % the
license owner
requests, or amend
the amounts to your
own offer
Add a message to
the seller
Press “Send offer”
Minimum of
$100000 per %
59. 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
60. license OWNER
decides whether to
ACCEPT or REJECT the
offer
Partnerships
established every time
a license owner
accepts an offer.
Overview: On the main
page, you can see all
licenses. 1) licenses
you operate, 2)
licenses you have
invested in, and other
licenses.
61. 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
62.
63.
64. Partners pay a proportional share of all future
costs
Partners receive a proportional share of the
net proceeds from oil and gas
The operator team makes all decisions
regarding drilling
Teams can farm-out up to 70% of licence
Operators must keep 30% of licence
65. •Before choosing a
rig, you need to
check your water
depth
Find this at the
bottom of the
BLOCK page
66. Choose the right rigs for your water depths
Jack-up rigs for shallow waters
Semi-submersible rigs for middle waters
Drillships for the deepest waters
Rig cost = drilling days * day rate
67. 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.
68. Upto 9 Star quality-
Good: normally
costs more
Bad: cheaper,
but reliability is
low, so you risk
extra drilling time
and extra costs
70. Certain problems can occur if Service
Provider Selection is poor quality
Other penalties can occur if you drill in areas
indicated as problematic in the
Environmental ImpactAssessment
As in real life, problems can occur randomly
and these are also applied with fines levied
accordingly.
73. Earn extra CPs by calculating the estimated drilling
cost
Oil Spill
control/
Gas Blow
out
74.
75. Proven volume (MBOE) counts
Test may increase proven volume
Remember to tick the boxes!
76. 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.
77.
78.
79. 25% of 8 MBOE @ $50
12% $39.9M
Expected costs if
you developed the
field (capex) and
produced
the oil (opex)
If total expenses are
higher than the sales
value, the value of the
license is zero
82. Exploration well:
0 to 1572 MBOE (after drilling)
11 to 1266 MBOE (after testing)
First appraisal well:
25 to 1033 MBOE (after drilling)
34 to 910 MBOE (after testing)
Second appraisal well:
65 to 850 MBOE (after drilling)
101 to 752 MBOE (after testing)
Only proven MBOE counts
83. Cash :
Initial $200million investment
Funds from partnerships
Funds from the bank
Value:
Valuation of licences
(operators and partners) based
on oil and gas found less
expected costs if these
licences were to be developed
84. Click on Apply for More FundsTab.
1 CP for each $100,000 applied for.
Answer the questions: All correct gives cash
and you can keep CPs. One wrong gives cash
and you keep ½ of your CPs.Two wrong gives
½ cash and you lose all CPs. All wrong, you
get no cash and lose all CPs.
Expensive money if less than 10 credibility
points: Apply for cash and be fined $5million
for each $20million requested.
85. Narrow uncertainty: Drill appraisal wells to
get proven volumes
Drill into other prospects to find more proven
volumes.
Farm-in and -out: Get into other good blocks.
Two additional licensing rounds: Repeat the
processes.
Money: Apply for more money, if you run out
of cash.
Editor's Notes
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 Field development and Production is about actually taking the oil or gas out of the subsurface.
So this is what it looks like when you are trying to find the midpoints for the 3 basin centres.
When you have found out where you think the basin centres are, you enter your centre coordinates into the form on the home page.When you press Submit, the simulation receives your guesses.If there is a green line across the right hand side of the page when you have submitted, the coordinates have been registered in the system.You can change your mind as long as the deadline has not passed and enter altered coordinates and press the Update button below the form.
To determine which blocks are likely to offer the greatest return on investment, an analysis of data is needed. This analysis can be split into 3 parts:Finding out where you are not allowed to explore, areas that are environmentally sensitive – this means researching the Spawning grounds surveyFinding out where geologists have identified subsurface structures that indicate higher probabilities of hydrocarbons. These structures are called Risk Segments. All the risk segments are combined into a common survey, the Common Risk Segment map (CRS map) which shows areas of high and low probability of hydrocarbons. Finding out where the hydrocarbons are “trapped” using the 2D seismic surveysThe combination of this analysis will help you decide which blocks are the most likely to have the best potential hydrocarbon reserves and therefore be the blocks you should be submitting bids for.
In real life to assess the exploration risks and prospects on a bain scale, geologists use “Basin and Play Fairway Analysis” and is conducted using special GIS software and other specialist programmes. In OilSim this analysis has been simplified into one Common risk segment map to show the probability of hydrocarbons in an area. The geologists ask a number of questions to determine the probability of finding oil or gas, including:Is there a sedimentary basin and a migration route into the prospects in the area?Is there porous reservoir rock so that the oil or gas can be stored?Is there a sealing rock, so that the oil and gas can be trapped?The CRS map helps to answer these questions by combining a number of maps, surveys, charts and data analysis into one map and represents the probability of finding oil and gas in a particular geological layer or horizon.If the answers to all 3 questions mentioned are ”YES”, then the area is shown as green – a high likelihood of finding hydrocardonsIf one is negative, then the area is shown in orange – with a medium probabilty of hydrocardonsIf the answers to 2 or 3 questions are “NO”- then the area is red and has a low probability of containing oil or gas.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.
Seismic surveys are made from sound waves that are sent into the subsurface, reflected, and measured when they get back to the surface.This slide shows an example of a real seismic line. It shows a cross-section of the subsurface with the blue and red lines indicating changes in velocity of the wave and therefore changes in geological structures in the subsurface.The black, red, and green lines are lines added as interpretation of the data by geologists.black lines are so-called faults, which have happened for instance after earth quakes or other dramatic geological events.green lines are where geologists think the reservoir rock beginsred lines are where the geologists think the sealing rock begins In this particular case there is a prospect indicated under the orange arrow, within the grey triangle.
Here the area between the reservoir and the sealant rock has been shaded in to show you whether you still have a seal at the fault or a gap where leakage could occur.
When collecting 2D seismic for an area, the data is collected for both the rows and columns.Now when you are looking for a trap, you first find your sedimentary basin. CLICK Lets use a cake as an example. You want to choose the piece of cake that has the most cream or jelly, make sure your slice will have the most. How can you do this?CLICKWell if you cut the cake in half you can see if any part appears to have more cream or jelly in the layer, but how do you know that the cream or jelly is thicker in the whole slice?CLICKThe only way to find out is to make another intersecting cut, or make a slice and see if the cream or jam continues to be thicker in a particular part the whole way through.
Corporate social responsibility is the term used for explaining how companies impact the environment, consumers, employees, communities, stakeholders and all other members of the public sphere in the areas in which they operate. The attitude and behaviour of a company affect’s their reputation, the manner in which it is seen as an employer, it’s credibility in the market place and wider world and therefore, has a direct affect on its share price.Oil and gas companies are no different to any other large organisation that need to consider their actions on the world stage. The reasons for doing this are debatable, for example:Tax advantagesConsideration in licensing roundsBe seen in a better public lightBe seen as a considerate employer Being clear on responsibilities to the public/governmentWhatever the reasons for having a CSR programme, there can be a wide number of benefits for a variety of groups. In OilSim, before each licensing round, companies are going to be able to participate in CSR projects which will enable them to earn additional credibility points, that are looked after during the license bidding process.Also, just like in Norway in real life, the responsibility of a company to commit to a well drilling programme, to ensure that the government and the wider public will benefit from the oil and gas exploration process, companies will have to set a work programme as part of their licence bid. This means that when a team chooses which block it wants to be awarded a licence for, it will promise to drill a certain number of wells in an attempt to find the oil and gas in the block.
So after completing each project, your company will need to decide, whether it wishes to complete any more before concentrating on the remainder of the licensing round bidding process. You do not have to spend all the $30million open to CSR projects, in fact, on the CSR page, you can see how much of your budget you have spent on CSR, how much is remaining of this particular budget and how many points you have earnt in total on CSR. CSR funds that you don’t spend in one round are transferred to the next one.If you wish to continue and complete more some projects, just review the suggested CSR projects and initiate the ones you are interested in.
Now there are a number of suggested projects, some more worthwhile than others, depending upon the priorities and interests of the people working in each company.CSR is about caring for the local society – and making a difference for the people living where you operateNot all projects are soundBribery does not paySome projects cost a lot, but do not give so much returnSome projects are riskier than others
Before each licensing round, a team is able to spend up to $30 million on CSR projects that will earn them more credibility points. However, the $30million comes from the whole company budget and so companies will need to decide on what is more important, cash or credibility points and try and find a balance their teams are happy with.So to determine what companies should spend their CSR budget on, click on the CSR tab. Here a number of projects are listed.Some are grayed out, because the team does not have enough CP, enough CSR budget, or enough cash to do themEach has a cost, and a number of possible outcomes - Each outcome has a probability and either negative or positive CPIn the CSR tab you can see the minimum and maximum CP you can get, as well as the probability for getting the maximum CP
So in this example, a company is able to set up a Geoscience Institute with a local university and there is no requirement for them to already have CPs- it shows as zero.The project will cost $8million but might also help provide the company with a pool of geologists, geophysicists it can employ in the future. So if the plans for the Institute go well, the company will earn itself 40 Credibility points. Now because of project planning, local politics and building regulations etc, there is probability that the project will be completed and successful of 60%, so a 40% chance of something not working out and the institute not being established.So, if everything goes to plan the company will earn 40CPs and be well known for being involved in the new Geoscience Institute, and be well worth the $8million investment.But if it goes wrong, they will still have to pay $8million, but will be awarded 0 CPs.If you decide this is the project you want to invest in then click on the “Initiate” button.You cannot initiate a project if it has the potential to make your CP’s go into negativeYou cannot initiate a project if you don’t have the cash for itEach project can only be run once per team
A pop up box appears to check that you definitely want to spend your money, once you click OK you cannot get your money back.If you realise you chose the wrong project, click on cancel to take you back to the previous screen.
Once intiated, you will immediately be informed whether the project was a “Success” or “Failure” as the project moves to the top of the CSR page, under Completed CSR projects.Also, on the “Credibility” page, you are able to see all the Credibility points that a team has been awarded and the reasons why, throughout all the challenges in OilSim, including the CSR projects.
- You can get extra CP for doing CSR projectsTeams choose 3 blocks to try and increase the chances of getting a block they think has good prospects, but once all the bids are in and the government has evaluated the bids, each team will be awarded one block.License bids are evaluated according to the following formula: CP (from 1st challenge and CSR) + 100 * wells committed
So teams select the blocks they want and submit bids in order of preference. The block with the most “Wells committed” is considered to be the preferred block, even if not entered into first Block.A team can promise to drill between 1 to 4 wells. The Bid is disregarded if a team commits to more wells than there are prospectsWhen deciding who gets which blocks, OilSim looks at the accumulated credibility points and adds 100 points for each well committed. The accumulated points at this point include credibility points from the find basin task and credibility points from completed CSR projects, but does NOT include any credibility points for choosing good blocks. AFTER deciding who gets which blocks, each team gets additional credibility points based on how good the blocks you bid for were. The maximum here is 300 credibility points.
In this example, you are able to drill one exploration well, since the drill can deviate by one cell as it progresses through the geological layers. So you can reach the prospect in R37 in the Paelocene and in R38 in the Cretaceous.
Bidding points are used to evaluate the licence. CPs awarded are based upon how good the blocks are.Remember a bid is disregarded if a team commits to more initial exploration wells than are needed to reach all prospects.When deciding who gets which blocks, OilSim looks at the accumulated credibility points and adds 100 points for each well committed. The accumulated points at this point include credibility points from the find basin task and credibility points from completed CSR projects, but does NOT include any credibility points for choosing good blocks. AFTER deciding who gets which blocks, each team gets additional credibility points based on how good the blocks you bid for were. The maximum here is 300 credibility points.
Your primary target is to find the limits of each prospects, not just plounge the drill string into the middle of each reservoir.Thus you shall drill into the periphery of each prospect, not in the middle.
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
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 blocksRemember you must have farmed-out 20% of your own block before you can drill.
If you decide you no longer want to make an offer to a team, or you realise that an offer is not going to be accepted by another team. You need to take the offer back so that the money you were going to invest in that team, does not sit with the bank, but is returned to you.To do this click on the Review Farm in button, next to the licence, for which you want to take the offer back.
Then click on “Take Back” and the money, in this case $1,000,000 will be returned to you.
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. When choosing the rig ,, and.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
In most cases there are fewer rigs than teams, so you need to be fast to get good and cheap rigs for your wells.When you order a rig you need to start using it within 20 minutes.If you do not use it within the 20 minutes, you will pay for 20 days of use.You can release a rig that you have ordered on the home page.The rig rates are dynamic, so that popular rigs tend to have increasing prices, while less popular rigs become cheaper.
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.When we get to the drilling phase and we get to drill exploration wells, the wells can go through all three horizons.If you choose to drill to the bottom most horizon, whatever is in the horizons above will be discovered as well.Only one in five prospects actually contain oil or gas, so you will encounter a lot of dry prospects.Thus, it makes sense to look out for prospects that are on top of each other in the 2D seismic surveys, as this increases your chances in finding something.
To determine how long it will probably take to complete drilling, check out the “drilling Information” tab. The water depth is the distance from the water line to the seabed.Layer 3 is approximately 1500 meters below the seabed, layer 2 is 1000 meters further down, and layer 1 is 3500 meters below seabed.
Inputting estimated cost of drilling gives you credibility points, since you are keeping an eye on your accounts. 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.
When you have discovered a field the first decision you need to make is whether you want more information about that field right away and BEFORE you drill another exploration well.You can get more information by doing a production test, which is a process in which you try to produce oil or gas from the field.In OilSim production tests take 10 days per oil and gas field and you use the same providers as before.
However, if you can get the proven volume up, the block might become economically viable.This is done through production testing, and appraisal wellsWhen 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.