Insight
Creaming curve fingerprinting Part 3: New metrics of exploration difficulty and performance
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We can extract valuable information about explorers’ decision-making process from clues embedded within creaming curves. One technique is to construct a "perfect information" creaming curve, leveraging the clarity of hindsight. This simply imagines a scenario where perfect knowledge about the subsurface allows the industry to drill discoveries in descending order of size without dry holes. We use the concept of perfect curves to define a range of new exploration metrics.
Table of contents
- Executive summary
- The perfect creaming curve
- Leveraging the perfect creaming curve to derive new benchmarking metrics
- Perfect curve benchmarking of companies
- Temporal and spatial components of perfect curves
- Comparing exploration strategies using actual and perfect creaming curves
- Further reading
- Possible future avenues for research
Tables and charts
This report includes the following images and tables:
- Figure 1: Comparison between the Salinas-Sureste creaming curve and its perfect version
- Figure 2: Top, Normalised actual creaming curves for the Nile Delta, Guyana, and Lower Congo basins. Only considers deepwater and ultra-deepwater. Middle, Normalised perfect creaming curves for the Nile Delta, Guyana, and Lower Congo basins. Bottom, benchmarking of the basins using the area between the creaming curve and its perfect version. The size of the bubble represents the discovered volume.
- Figure 3: Top, Normalised creaming curves for different operators in the East Gulf Coast Tertiary Basin. Middle, Normalised perfect creaming curves for different operators in the East Gulf Coast Tertiary Basin. Bottom, benchmarking of the companies using the area between the creaming curve and its perfect version. The size of the bubble represents volume discovered.
- Figure 4: Top, Normalised creaming curve different operators in the Niger Delta Basin. Middle, Normalised perfect creaming curve different operators in the Niger Delta Basin. Bottom, benchmarking of the companies using the area between the creaming curve and its perfect version. The size of the bubble represents the discovered volume.
- Figure 5: East Gulf Coast Tertiary Basin creaming curve and distance metrics. Figure shows the consecutive distance between wells. Moving averages shown in red line.
- Figure 6: East Gulf Coast Tertiary Basin perfect creaming curve and distance metrics. Figure shows the consecutive distance between wells. Moving averages shown in red line.
- 100 Wells (Real - Left vs. "Perfect" - Right)
- 300 Wells
- 500 Wells
- 700 Wells
- 900 Wells
What's included
This report contains:
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