Advanced Exploration Analytics
Mapping Geological Knowledge to Reduce Exploration Risks
GeoTreasureMaps LLC provides services and expertise that allows oil and gas production companies to lower the risks of their investment in exploration and new drilling in the parts of the World that are not sufficiently studied or for which the available studies are inconclusive. The methodology employed by GeoTreasureMaps LLC uses all available geological, geophysical and remote sensing data to reliably predict oil and gas prospects for previously undrilled blocks, and to optimize future exploration programs. The prediction methodology is based on the idea of comparing the regional geological, geophysical and geochemical data with that of the territories containing proven hydrocarbon deposits with similar geological characteristics and close values of geophysical and geochemical parameters. The proprietary software system searches for reference deposits over the Global Database that includes a large number of oil and gas fields discovered in the major oil and gas producing countries of Europe, South East Asia, Middle East, Africa, North and South America. The Global Database also includes dozens of structural, tectonic, geologic, geophysical and geochemical maps (digitized using proprietary format) reflecting the conditions for oil generation, migration and accumulation at the site of interest.
The reports produced by GeoTreasureMaps LLC for its customers include the conclusions on oil prone and/or gas prone conditions for a prospective block and the prognosis of possible oil or gas fields’ presence within the block area (with associated likelihoods computed using available reference data) separately for different geological ages. The boundaries of the domains within the prospective zone that correspond to different likelihoods of oil and gas presence are shown on the maps that accompany the report. The report also includes information about location and characteristics of previously discovered reference fields similar to those of the prospect. More than 30 parameters are routinely used for making predictions.
Proprietary GeoTreasureMaps LLC technology was originally developed and patented in Russia. It had been licensed for limited uses (for making forecasts of oil and gas reserves on certain particular territories) to Pangea Inc. Analysis based on GeoTreasureMaps LLC technology was successfully used in various projects related to estimation of oil and gas reserves in certain parts of the USA, Brazil, Libya, Poland, and other countries.
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