The Exploration Task (Play Elements)
The exploration sector of the oil and gas industry is charged with finding and confirming new oil and gas fields. Their goal is to replace the volumes of hydrocarbons that the company produces so reserves stay flat or increase. This lesson will explore the stages of the oil and gas exploration cycle, from identification of the field to an economic discovery!
Resource 1 Related Resources Courses The Exploration Task (Play Elements) Advanced Resource Files Exercise Introduction Exercise - Color Figure Lecture Exercise Exercise - B&W Figures Download All 9MB Watch Embedded Video The exploration sector of the oil and gas industry is charged with finding and confirming new oil and gas fields. Their goal is to replace the volumes of hydrocarbons that the company produces so reserves stay flat or increase. This lesson will explore the stages of the oil and gas exploration cycle, from identification of the field to an economic discovery! Objectives: At the end of this lesson, students should be able to: List and define the six (6) stages of the exploration cycle Describe differences between concepts, such as lead and prospect Define and explain the five (5) key play elements involved in exploration Related Courses Petroleum Exploration: A Field Example This short course takes a brief look at what happens in the early stages of field exploration in the petroleum industry. The Gippsland Basin, offshore Australia, is the field example, and we start with a look prior to the first offshore licensing round of the field. Throughout the course, we will progress to the stage of management review of a wildcat well. Course Advanced We encourage the reuse and dissemination of the material on this site as long as attribution is retained. To this end the material on this site, unless otherwise noted, is offered under Creative Commons Attribution ( CC BY 4.0 ) license