“Imagine a world where labour is obsolete”, says Yu-kai Chou at the start of a TEDx Talk delivered for the University of Lausanne in Switzerland in 2014. “And I’m not…
Probability Of Success (POS) is the central concept for petroleum exploration. POS is used to predict dry well occurrence, risk an exploration portfolio of prospects and eventually decide what gets…
These funny faults go by several names, but traditionally refer to the secondary faults and fractures that develop near the tips of a primary fault. Although these can occur on…
I am not a pessimist, and I don’t like using terms like “energy crisis”, but if we do not start to take our energy system seriously, many industries will leave…
In a speech delivered to people at Stanford University in March 2002, then bp chief executive Lord John Browne declared that his company needed to reinvent the energy business. “We…
In the fourteenth century, British fishermen from Essex sent a petition to King Edward III from England. They wanted him to ban a new type of fishing gear that some…
In our quest to build more realistic reservoir models, we stumble upon the challenge of how to fill up the blanks between well data. Many robust algorithms are widely used…
This week, I came across the concept of finding oil in synclines on a number of unrelated occasions. It simply shows how diverse geology and exploration are. The first example…
“Levelized cost of energy” (LCOE) measures an energy source’s lifetime costs divided by energy output and is a metric often used for comparing the competitiveness of different energy forms to…
Pop-ups and pull-aparts, releasing- and restraining-bends, positive- and negative-flower structures. These are the various names given to the little, and big, structures that develop along strike-slip faults. They often form…
CFD is used to model the leak rate of CO₂ through abandoned wells and to verify that the leak rates are As Low As Reasonably Possible. The risk of loss…