Oil & Gas Geology ›› 2015, Vol. 36 ›› Issue (3): 517-524.doi: 10.11743/ogg20150322

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Evaluation and selection system for petroleum exploration targets

Xu Xuhui, Cai Lixue, Liu Chaoying, Wu Minghui, Zou Wei   

  1. Petroleum Exploration and Production Research Institute, SINOPEC, Beijing 100083, China
  • Received:2014-11-12 Online:2015-06-08 Published:2015-07-24

Abstract: Evaluation and selection of potential exploration targets with limited capital support is an eternal theme for all the oil and gas explorers.Different exploration targets have to be dealt with in different stages of exploration, which means different evaluation methods and parameters.Based on a comparison of evaluation method both domestic and abroad, we proposed in this paper to quantitatively guide exploration with exploration extent index, and established several two-factor evaluation models(hydrocarbon accumulation conditions-resource strategic value model for blocks, hydrocarbon discovery probability-resource strategic value model for plays and hydrocarbon-bearing probability-resource strategic value model for traps)with intellectual property for different stages of exploration based on systematic analyses and parameters selection upon various exploration targets such as blocks, plays, traps and etc.The models are customized for oil and gas exploration in China and can be used to yield objective and quick evaluation and selection results for explorers and management staff.

Key words: oil and gas probability, resource strategic value, exploration extent index, exploration target evaluation

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