New N. Sea oil reservoir ‘treasure’ map set to ‘re-invigorate investment’

Rob Fisher, Global head of reservoir services, LR Senergy“Fairway mapping” is the key to locating remaining prospectivity in the prolific North Sea hydrocarbon province, according to the new Ternan play evaluation report released by global energy services company LR Senergy.

The Ternan 2015 Integrated North Sea Report is the latest in a series of regional play fairway evaluations that analyse petroleum systems and provide exploration specialists with a unique insight into the regional risk factors that impact subsurface studies. 

The reports are designed for evaluation and screening of exploration opportunities. They help minimise regional risk and increase exploration success, and can be used for rapid assessment of acreage in mature, underexplored and frontier basins.

The 2015 Ternan report builds on the three previous North Sea studies to provide an integrated suite of play maps, incorporating recently released wells and new geological interpretations to give a comprehensive view of the remaining hydrocarbon potential of 19 North Sea plays.

Rob Fisher, (above) Global head of reservoir services at LR Senergy, said: “We are confident this report will help to reinvigorate interest, investment and long-term commitment to the North Sea oil industry. 

“The importance of understanding how the regional geology of the North Sea relates to the petroleum system and prospectivity of a play cannot be underestimated. 

“Mapping the North Sea as a single depositional province, by removing the barrier of the UK/Norway median line, allows these plays to be explored with much more confidence as the maps provide an uninterrupted view of regional prospectivity across the province.”

Report author Dr. David  Mudge said: “The 2014 Wood Review called for a revitalisation of regional exploration in the North Sea to ensure that both existing and new plays are explored, appraised and exploited to their full potential.

“Play fairway mapping, which displays the regional risk associated with individual plays, is the most effective and systematic way to locate these remaining resources.

“Our new report will provide the tools for companies to assess the remaining prospectivity of the large number of North Sea plays with proven hydrocarbons, and to locate new resources in areas of poorly understood geology and limited exploration.”

 

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