Three exploration methods model gas field in New York

09/11/2000
FIELD MODELING-1A decade of restructuring has significantly altered the nature of the oil and gas industry and its approach to exploration, particularly in the US. A fluctuating commodity price, loss of experience due to downsizing, and increasing competition for investment capital have made exploration decisions, when made, increasingly critical to ensuring a company's economic survival.In spite of the changes in the industry, the two most fundamental issues in hydrocarbon exploration still remain location of a trap and the verification of hydrocarbons in the trap. Many methods have been proposed to address the first issue, and the second issue has been best addressed by the applicat...
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