Paper Summary
Recent initiatives in the North Sea and UKCS such as the introduction of the ‘Fallow Field’ initiative and offering of ‘Promote’ licenses have started to generate activity by attracting new entrants who can provide new capital and new ideas to focus on exploration and appraisal. Fields which had been abandoned, or considered of insufficient commercial interest have been offered a new lease of life by allowing proactive companies to identify and exploit latent commercial prospects by tying in to existing infrastructure.
Here we showcase one such recent discovery, made by Oilexco, where a multi-disciplinary approach was taken to identify potential targets using state-of-the-art pre-processing and high
resolution velocity model building and pre-stack imaging, combined with detailed calibrated
reservoir attribute analysis based on elastic impedance inversion.
This field could prove to be one of the largest finds in the North Sea in recent years.