TY - CONF

T1 - Technological development to enhance the value of a exploration business case

AU - Minich, A.

AU - Berezovski, Y.

AU - Metelkin, D.

AU - Timirgalin, A.

AU - Volkov, G.

AU - Mukminov, I.

PY - 2019/11

Y1 - 2019/11

N2 - For the tasks of geological and economic assessment the benchmarking method is widely used, which impliesthe assessment of the development of a field using methods and technologies that are the most applicable andsuccessful at equivalent fields at the time of the assessment. Taking into account the speed of technologicaldevelopment for hard-to-recover reserves, in fact, the deposits are more likely not to be developed by thetechnologies and approaches that are laid in the assessment. Thus, the potential of some options isunderestimated. In this paper an alternative approach is proposed, which implies a geological and economicassessment of options, taking into account the effectiveness of new technologies that are being introduced,which will become basic by the time the development of the estimated option begins.The performed calculationsshowed that the use of new technologies can increase the investment attractiveness of the option and get a ratingof J> 1. This means that if there is an interesting project from the point of view of the reserves, it is possible toact as the customer for the development and drilling technology, which will provide a profitable case.

AB - For the tasks of geological and economic assessment the benchmarking method is widely used, which impliesthe assessment of the development of a field using methods and technologies that are the most applicable andsuccessful at equivalent fields at the time of the assessment. Taking into account the speed of technologicaldevelopment for hard-to-recover reserves, in fact, the deposits are more likely not to be developed by thetechnologies and approaches that are laid in the assessment. Thus, the potential of some options isunderestimated. In this paper an alternative approach is proposed, which implies a geological and economicassessment of options, taking into account the effectiveness of new technologies that are being introduced,which will become basic by the time the development of the estimated option begins.The performed calculationsshowed that the use of new technologies can increase the investment attractiveness of the option and get a ratingof J> 1. This means that if there is an interesting project from the point of view of the reserves, it is possible toact as the customer for the development and drilling technology, which will provide a profitable case.

UR - http://www.scopus.com/inward/record.url?scp=85089194813&partnerID=8YFLogxK

M3 - Paper

AN - SCOPUS:85089194813

T2 - Professional Geological Research and Exploration Scientific Seminar 2019, ProGREss 2019

Y2 - 5 November 2019 through 8 November 2019

ER -