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Issue 2, Volume 9, 2012
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Oilfield Glossary
A landscape of harmony and peace, with scenery made for poetry and romance: the majestic karst landscape of the north-east Guangxi Zhuang Region in south-west China is one of nature’s true masterpieces.
Oil is the world’s most powerful political tool at the moment.
Discovered in the 1950s, North Dakota’s Bakken Formation oil production was just 1,500 bpd in 2004. Today, it exceeds 440,000 bpd and is expected to be 700,000 bpd within the next few years.
Second only to Saudi Arabia’s Ghawar, the supergiant Burgan field in Kuwait was discovered by a series of wells drilled during 1938-1952. Sitting on a huge structural anticline and occupying an area of 780 km2, the Cretaceous reservoirs of the Great Burgan field still account for most of Kuwait’s oil.
New PSDM 3D seismic reflection data over the highly prolific Santos Basin provides comprehensive insight into, and enables a better understanding of, the evaporite architecture and potential pre-salt hydrocarbon reservoirs.
Is the workstation killing geology – or bringing it back to life and having a revolutionary effect on the field – and the future – of exploration and operational geology?
Richard Swarbrick’s Ikon GeoPressure team in Durham predicts sub-surface pressures at regional and local scales, vital for the future pursuit of difficult hydrocarbons.