About This Item

Share This Item

The AAPG/Datapages Combined Publications Database

Southeast Asia Petroleum Exploration Society (SEAPEX)

Abstract


Proceedings of the 2018 South East Asia Petroleum Exploration Society (SEAPEX) Conference, 2018
Page 8c

Abstract: Asia-Pacific Previous HitUnconventionalNext Hit Previous HitOpportunitiesNext Hit at $50 Oil: The Differences and Previous HitChallengesNext Hit Between North American Proven Previous HitUnconventionalNext Hit Systems and Recognised Previous HitUnconventionalNext Hit Previous HitOpportunitiesNext Hit in Australia and SE Asia

Ian Cockerill1

2017 saw a flourishing Previous HitunconventionalNext Hit sector in North America. A resurgence in drilling and asset transaction activity led to a significant rebound in investor sentiment in North American Previous HitunconventionalNext Hit exploration and development. Why haven’t we seen a similar rebound in Previous HitunconventionalNext Hit exploration sentiment in Australia and South East Asia? What are the Previous HitchallengesNext Hit facing Previous HitunconventionalNext Hit plays in the Asia-Pacific region versus the more established plays in North America? How ‘good’ are the North American plays versus those recognised in the Asia-Pacific region? This paper will address key Previous HitunconventionalNext Hit petroleum systems of North America and look at how the heterogeneity of these plays develop commercial ‘sweet-spots’. Understanding play heterogeneity and the identification of ‘sweet-spots’ is critically important, particularly in challenging price environments. Reporting an impressively high hydrocarbon in-place number in your prospective Previous HitunconventionalNext Hit play is the easy part. The estimation of ultimate recovery potential is significantly more difficult. RISC has developed spatial analysis techniques and methodologies to identify Previous HitunconventionalNext Hit sweet-spots and quantify recovery potential in pervasive Previous HitunconventionalTop systems.

Acknowledgments and Associated Footnotes

1 Ian Cockerill: RISC Advisory, Australia;

Copyright © 2018 by Southeast Asia Petroleum Exploration Society (SEAPEX) and Petroleum Exploration Society of Great Britain (PESGB)