Low oil prices and tight budgets don’t mean you need to stop exploring. NEOS recently announced the launch of its second generation neoSCAN™ solution (click here to read the press release), an offering designed to keep explorers exploring even in a $50 oil world.
Requiring no new data acquisition, the neoSCAN helps you get the most out of your legacy G&G investments by integrating existing data you already have with additional multi-physics datasets that can be quickly and inexpensively obtained from a variety of sources.
The datasets that are integrated and interpreted on a neoSCAN project include:
- 2-D and 3-D seismic
- Well log and core information
- Gravity, magnetic, and radiometric
- Electromagnetic and magnetotelluric (where available)
- Remote sensing data, including satellite multi-spectral, LIDAR and SRTM.
In < 100 days and for < 50 cents per acre, neoSCANs deliver the interpretive products you need to keep exploring, including 3-D subsurface models, maps of faults and intrusives, and maps of basement topography and composition.
Perhaps best of all, predictive analytics methods are applied on all neoSCAN projects, providing rich insights into the G&G attribute suites that are associated with nearby fields or known sweet spots, insights that can be used to highgrade acreage in underexplored areas.
The interpretive products generated on a neoSCAN typically include:
- Assessments of basin-scale geologic trends
- Maps of basin architecture and regional structure
- Maps of key lineaments, regional fault systems, and intrusives
- 2-D and 3-D structural and stratigraphic models
- Maps of basement topography, faulting and composition, and the role these geologic features played in field location and type (gas vs. oil)
- Assessments of relative acreage prospectivity derived using predictive analytics.
A neoSCAN project can be executed either onshore or offshore and for either conventional or unconventional shale plays.
Typical areas of investigation range from 2,000 to 6,000 square miles (~5,000 – 15,000 square-kilometers), although some projects have been scoped and delivered at the country scale.
Even in a $50 oil price world, the neoSCAN allows geoscientists to continue assessing the hydrocarbon prospectivity of large areas such that, when opportunities for acreage or corporate acquisition present themselves, or the commodity cycle turns to the upside, they’ll have the insights they need to deliver.