- In the year 2023,Oil exploration assortment is continued to drive upward in terms of capital investment, drilling and seismic programme ,portfolio yet not hampered .The assortment sounds remain in place as primary source of energy though significance of renewable source and net zero measure is instantaneously deliberating everywhere. Foresight -”oil never boils”. - Worldwide, A total of 27 high impact wells drilled received 24 Discoveries resulting 6.5bnbbls of oil and 46Tcf of gas in 24 Discoveries. Net resource increases 130 mmbbl of oil and a downgrade of 1.2 tcf of gas. Forecast: Oil demand to grow by 1.4 million b/d both in 2024 and 2025.Brent price to hover around USD 80-85/bbl. (data source -wildcat@westwoodenergy.com , Westwood Global Energy Group. - Analysis of underneath topics together examined with Dr. Chirantan Bhagawati that arrayed to move the spotlight next level. “Bondage between Academia and Industry” “ Water Base Mud drilling -the need of hour”. Do we agree ? “ MFS do not necessarily corresponds to high gamma“- the debate “ Digital Palynology revolution -Robot for Palynological Application" “ Data Science -Review of application of AI in Petroleum operation" “ Estimation of net-to-gross ratio and net pay from seismic amplitude variation with offset with Bayesian Inversion" “ Machine Learning Victory -Assessing occurrence and saturation of methane hydrate in marine deposits- Offshore India" “ Intelligent seismic stratigraphic modeling using temporal convolutional network” - None the less, the limited innovative assertion and public domain data becomes constraint to deliver clear pragmatic opinion in this repute. - Fellow readers are welcome for critique to move the position next level. #geoexpro.com volume 21, 2023, wildcat@westwoodenergy.com ,Chirantan Bhagowati, Saeed Bahaloo et.al ,Tschache et.al, Leebyn Chong et.al,Detao Wang et.al
Looking forward to the insightful discussion ahead! Atul Borthakur
Petroleum geologist
7moInteresting.. Methane hydrate off offshore India is of great interest for us. How Ongc can interact and get benefit s. Point to focuss.