Critical Geological Parameters in Feasibility Studies of Exploration Projects

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Slobodan Kolbah

Abstract

Qualitative feasibility analysis of exploration projects is the basis for rational exploration and it should be diligently undertaken.The feasibility study should take into account the most critical geological parameters which have an impact on the economics of the exploration project. Each hydrocarbon accumulation has its specific characteristics which arc disclosed in various geological data gathered during exploration work. These data have to be interpreted and sorted out in a way to reflect the most prominent reservoir charactcristics. The data represent the basis for the selection of the most appropriate developmcnt and production technology. Such an integrated and multidisciplinary approach is essential for obtaining the best exploration results at the lowest possible cost.

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Conference papers