THIS !S PETROLEUM SYSTEMS
This !s Petroleum Systems – t!Ps™ – believes the Industry can find and produce more oil & gas and lower unit costs by basing decisions on a better understanding of how the Petroleum System works. Petroleum Systems Analysis (PSA), employing its key enabling sub-discipline Fluid Systems Analysis (FSA), blends geology, organic geochemistry and numerical simulation – often referred to as ‘basin modeling’ – into a holistic and quantitative understanding of how the system works. In other words how did the petroleum find its way from a source rock (such as the Eagle Ford in the outcrop photographs above the wheel) to the accumulations where we find and produce it (below). t!Ps™ aims to enable, advance and promote Petroleum and Fluid Systems Analysis as core Geoscience skills, to benefit your E&P businesses. To do this t!Ps™ will:
- Enable People – educate generalists, experts and leaders
- Define Direction – identify technical gaps or weaknesses and develop new Tools
- Deliver Results – perform Studies, both business and research
t!Ps™’ proposition is two-fold:
- For the individual geoscientist – broaden your skills and help your team succeed in the increasingly tough exploration and production challenge by understanding the Petroleum and Fluid System better
- For the E&P business – improve overall portfolio evaluation and opportunity selection by understanding how the Petroleum System controls Volume, Risk and Value in your opportunity set; focus time and money on the right Petroleum Systems problems
Petroleum and Fluid Systems Analysis can be applied at the basin, play, prospect or segment scale in Petroleum Exploration; or at the field, reservoir or pool level in Petroleum Development and Production. Conventional PSA methods can equally be adapted and successfully applied to sweet-spot mapping in Unconventional Resource Exploration and Development. Many ‘Shale Gas’, ‘Tight Gas’ or ‘Tight Oil’ reservoirs simply represent self-contained Petroleum Systems, where the source bed contains the accumulation.
