What Is Oil and Gas Reservoir Evaluation?

Oil and Gas Reservoir Evaluation is an in-depth and very iterative project which is a mixture of very many processes requiring the expertise of multiple disciplines. Most predominantly, oil and gas reservoir evaluation features a number of technical tasks such as appraisal, oil and gas exploration, as well as field development amongst a multitude of other tasks.

Therefore, it is imperative that an oil and gas reservoir evaluation company has a mixture of financial and legal professionals at its heart, as well as the expected geoscience, engineering, petro physics and economics professionals which would first spring to mind when it comes to the oil and gas exploration field. A good mixture of professionals to cover every aspect of your prospect allows you to properly support your old and gas exploration projects from all facets and all angles.

But what exactly are all of the angles? Even an initial oil and gas exploration stage involves a mixture of geoscience, The exploration stage of reservoir evaluation is essentially the act of generating a prospect, reviewing and evaluating the prospect accordingly, competing prospect risking and structural mapping, as well as correlating well logs for added security.

2D and 3D seismic acquisition planning, interpretation, and reprocessing is considered paramount, as well as attribute analysis.

Petro physical analysis is also important, and development tasks such as subsurface structural mapping, petro physical analysis, oil and gas reserve estimation, as well as volumetric mapping falls between multiple disciplines as well. Data is also an very important part of your oil or gas prospect. 

The consolidation and management of all of the modelling data (most explicitly well logging information) which is part and parcel of the exploration process is held on a personal database created and maintained by your oil and gas reservoir evaluation company.