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Elements of Oil and Gas Exploration
Success in oil and gas exploration hinges on four key elements:
1. Best practice data analysis; 2. Scientific ingenuity; 3. Application of advanced technologies; 4. Systematic analysis of risk and uncertainty.
All of these elements are critical toward making sound commercial decisions in a high risk, high reward business environment.
This presentation is designed as a primer for the investment community on the data sets and fundamental interpretations required for subsurface exploration, and a treatment of risk and uncertainty that can place bold scientific ideas into a commercial context.