The Value of Seismic Data in Conventional and Unconventional Fields

The paper illustrates the value of seismic data in different environments after assessing the benefits and costs of processes such as seismic acquisition, seismic processing and seismic interpretation. Global examples from conventional and unconventional fields are discussed to show how seismic data plays a significant role in determining low-risk and high-reward wells and also eliminating the high-risk and low-reward wells. This paper shows an example of a conventional field in the state of Kansas, USA, where the net present value (NPV) increased by more than 17 times when 3D seismic data was acquired, while in an unconventional field the commercial success rate rose from 30% to 70% due to 3D seismic acquisition. However, two offshore fields in the Republic of Trinidad and Tobago are discussed to show that the NPV as impacted by advanced seismic processing was more than 111 ($M). Another example comes from Viking Field, a conventional field in Canada, where the NPV was increased from 3800 ($M) to 5000 ($M) when the seismic data was re-processed. Furthermore, the value of investing in seismic data was investigated and quantified by comparing two synthetically modeled scenarios in Saudi Arabia. Overall, the four examples from North America, Central America and Saudi Arabia illustrate that investment in seismic data has a positive impact on both conventional and unconventional fields. That provides strong evidence to encourage more investments in geophysical technologies.