With 14 oil discoveries adding up to an estimated six billion barrels of recoverable oil over the last two years in just one block (Stabroek), offshore Guyana is proving to have quite a promising outlook for hydrocarbon production.
In the upstream oil and gas industry, digital transformation is changing how companies do business. According to Booz Allen Hamilton (December 2018), digital transformation of E&P proprietary data could save the industry as much as $1 billion each year while boosting hydrocarbon production by up to 8%.
A novel seismic DHI technology using resonance and dispersion to indicate for liquid hydrocarbons is making inroads in the E&P industry, successfully identifying oil and predicting dry wells. Could this find the pot of black gold at the end of the rainbow?