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Two Major Trends
In recent years, need to produce more oil is defined by two major trends – rising
demand globally, driven by China and Russia in particular, and depletion of current
oil reserves. Global demand has increased by 2 million barrels a day.
Current daily consumption is about 84million barrels a day. Meanwhile, as oil companies
deplete their reserves every time they pump out a barrel of oil, they have to replace
the oil they extract from declining fields merely to maintain their reserve base.
It's the geological equivalent of running to stay in place. If demand and depletion
patterns continue, every year the world will need to open enough fields or wells
to pump an additional 6 million to 8 million barrels a day - at least 2 million
new barrels a day to meet the rising demand and at least 4 million to compensate
for the declining production of existing fields. This is the equivalent of a new
Saudi Arabia every couple of years.
Industry experts are concerned about the prospect of trying to produce 15 million
barrels a day. Even if production can be sustained that high, oil producers could
face significant geological consequences and impacts. Outputs of overproduced fields
can drop off sharply and suddenly, leaving behind large amounts of oil that cannot
be coaxed out.
Searching new fields to maintain the supply while reserving the environment has
become an industry wide endeavor. New fields have come online, like offshore West
Africa and the Caspian basin, but the output isn't big enough to keep up with this
growing demand. The industry is under pressure to produce more oil from new exploration
efforts. Geophysical Survey, a pivotal part in the searching process, has become
even more critical today. In addition to its traditionally high importance to the
industry, geophysical survey has carried more weight with it to gauge the geology
in potential oil reserves to minimize exploration impacts to the surrounding environments.
Crucial Step
Map engine, which provides constant and real time seismic data updates, remains
the most crucial step of a successful geophysical survey. An offline GIS map display
with dynamic data set on a large scale in real time manner will provide geophysical
professional everything they need to conduct a highly effective survey.
New Development
Map engine, which provides constant and real time seismic data updates, remains
the most crucial step of a successful geophysical survey. An offline GIS map display
with dynamic data set on a large scale in real time manner will provide geophysical
professional everything they need to conduct a highly effective survey.
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