Pathways to Exploration Success – Orchestrating the Steppingstones

Abstract

Summary In the overall E&P industry the definition of corporate exploration success differs from organization to organization. It could vary widely from investing early into the right piece of acreage for an investment company, to drilling a discovery well for an exploration only company, to matching the producing volume of hydrocarbon from subsurface with the discovery volume claimed by the Exploration department for a major oil and gas producer. Most of the organizations define their business processes as per their corporate goals and establish stage gate processes for decision making. The exploration processes framework is the guidance to identify and prioritize the work to be done as per the business goal, facilitate collaboration between domains, make each domain understand their roles and responsibility to achieve the common goal, and how their work is going to be used in the next step. The digital solution is embedding the exploration processes framework into cloud native application, with the preservation of data and knowledge, empowers the capacity to integrate analysis from multiple exploration domains, increase the understanding of regional geology to find and mature opportunities. The digital technology successfully establishes the connection between the business goals and the technical project execution.