PLAY BASED
EXPLORATION
A GUIDE FOR AAPGS IMPERIAL
BARREL AWARD PARTICIPANTS
Provided by Royal Dutch Shell
WEST GREENLAND
GOOD GEOLOGY VERSUS
SOUND BUSINESS
DECISIONS
TABLE OF
CONTENTS
Chapter
Page
Introduction 2
I - The Play Based Exploration Pyramid
II - Basin Focus: The Foundation
11
III - Play Focus
19
IV - From Play Focus to Prospect Focus
39
V - Play Based Exploration in our Ventures
45
APPENDIX - Quantitative Aspects of Play-Based Exploration
51
INTRODUCTION
Efficiency improvement also results from having a
better focus on our most valuable plays. The whole
approach provides greater technical rigour, and
hence quicker, more confident decisions, even with
Play Based Exploration, or PBE, is a phrase that
partial or incomplete data. New play Growth is
is being heard more and more frequently as
enabled by the creativity and innovation that can
Explorers return to their geological roots in the
be unleashed most effectively at the level of basin
increasingly demanding search for exploration
or petroleum system understanding.
opportunities, in particular those which offer the
potential to add material hydrocarbon volumes
The PBE methodology is encapsulated in the
to our portfolio.
Exploration Pyramid, where the initial focus is
on the basics - the determination and description
Many of you will have encountered the concepts of
of the regional context and the basin framework
Play-Based Exploration during training. For you, this
leading to an understanding of the working
booklet is intended as reminder of the essentials
petroleum system(s).
of PBE. For those who have not yet experienced
Prospect focus
Play focus
Basin focus
the training, this is an introduction to the concepts,
Petroleum system understanding forms the basis for
and we hope will encourage you to find out more
the subsequent play focus - quantifying the various
details from your technical advisors.
aspects of the system within each play, and using
tools such as common risk segment mapping to
What exactly is Play Based Exploration? It
highlight sweet spots within each play.
is simply a method to build and leverage an
understanding of the basins and petroleum systems
When the plays have been mapped and where
in which we work, and the geological plays
possible, quantified, then the focus shifts again to
they contain. The benefits lie in providing better
use more detailed geological and geophysical
early Focus to a range of exploration activities.
analysis to define prospects within each play, and
build the portfolio, including making estimates of
significant acreage in recent years using essentially
volumetrics, risk and uncertainty.
a play-based approach, and much of this growth is
PBE, admittedly, requires up front investment
in areas new to Shell. Play Based Exploration will
of time if the regional play framework has not
also be essential in the fast and effective evaluation
already been defined. However, that investment
of these ventures. It will also play a vital role in in
will be repaid by swifter and simpler assessment
evaluating new plays in our existing areas.
of individual prospects, and in the quality of
subsequent decisions.
The most important effort to improve exploration
performance is, by far, the rebuilding of a play-
Using a play-based approach, or regional
based approach to exploration. This can quickly
understanding, is not new to Shell. However, in
lead to more opportunity identification through
the 1990s, particularly when the oil price was
better understanding of petroleum systems,
low, an asset focus characterised exploration, with
more coveted prospects on competitor acreage,
near-field opportunities to add value fast being
better risking, better POS polarisation, and more
given priority over more wildcat type exploration.
efficient exploration campaigns.
This filled the needs of the times, but could not be
sustained in terms of consistently adding volumes to
our portfolio.
With the need now to add more material
exploration opportunities, we are rediscovering the
regional approach to geology which had been
somewhat neglected in the detailed evaluation of
individual blocks and prospects.
Our new ventures team has successfully added
Chapter I
THE PLAY BASED
EXPLORATION PYRAMID
SFR Maturation
Prospect Identification
Prospect level
Evaluation
Prospect focus*
Prospect
Portfolio
Volumetrics
Risk
Uncertainty
Prospect Image
Geologic Models
Geophysical Evaluation
Play Creation
Basin & Play
Evaluation
Play focus*
Basin focus
Play quantification Lead
Play mapping,
FSD analogues
Portfolio CRS Mapping, Uncertainty
Lead density
Exploration history
Sequence Stratigraphy
Petroleum Systems
4D Basin History
MISSISSIPPI
Plate setting
Tectonostratigraphic frame
Megasequences, Basin Fil
Regional maps
Data management
Mining legacy knowledge
fication
The fundamental elements or building blocks of
selected prospects from a portfolio. A geological
the PBE methodology are represented by the PBE
model is built and then volumetrics, technical risk
Pyramid. It is organised into levels of Basin, Play
and confidence assessed for a range of models
and Prospect focus with appropriate key inputs and
and prospects.
activities identified.
New Venture opportunity evaluation usually occurs
Basin Focus
at the lower part of the pyramid (basin-to-play focus
The essential ingredients for the petroleum
levels). Decisions are typically made about selecting
system are verified by examining the basin as
the right basin, the right play and then the best
a whole. Elements such as the plate setting,
acreage (sweet spots) for investment.
tectonostratigraphic framework and basin history
determine the fill, stratigraphic sequences and
Detailed prospect level evaluation activities occur
potential for generating and trapping hydrocarbons.
in the upper part of the pyramid both for new and
Prospect focus*
Play focus
An understanding of the petroleum system in the
Prospect
existing
Portfolio ventures, turning geological leads from the
Uncertainty
Prospect Image
Geologic Models
Geophysical Evaluation
To be done well, these prospect evaluations need
basin leads to the identification, mapping and
quantification of plays within the basin. Existing
to be carried out with a firm grounding in the
knowledge is summarised in play element, summary
play context.
Play focus*
play maps, and common risk segment maps,
leading to the identification of sweet spots.
Basin focus
Prospect focus
Most play execution activity is concerned with
Key Decisions
Prospect
Maturation
Volumetrics
play
inventory into firm, drillable prospects.
Risk
Play quantification Lead
Play mapping,
FSD analogues
Portfolio CRS Mapping, Uncertainty
Lead density
Exploration history
Sequence Stratigraphy
Petroleum Systems
4D Basin History
Plate setting
Tectonostratigraphic frame
Megasequences, Basin Fil
Regional maps
Data management
Mining legacy knowledge
New Data Iteration
(Wells, seismic etc.)
Key Decisions
NV Opportunity
Maturation
defining prospects - seismic evaluation and other
maturation activities, and eventually drilling
THE FOUNDATION OF A
GOOD PROSPECT INVENTORY
quality assurance tollgates at the conclusion of
each of the basin and play focus levels that allow
us to proceed with confidence to the next level of
The pyramid shows the importance of the
evaluation. Our understanding at each of the levels
foundations - the solid understanding of the basins
is not static - there is an iterative feedback loop
and plays needed to build a good prospect
that takes new information from drilling, studies etc.
inventory and select the best of these for drilling. An
back to the appropriate level to update the totality
inventory built upon an incomplete understanding
of knowledge.
at the play or petroleum system will not be optimal.
Play-based exploration can be seen as having
Petroleum Systems, Plays and Prospects
Prospect - a potential trap, a successful prospect turns into an oil/gas field when drilled or disappears
DETAIL
Prospect
when it is unsuccessful. Many can exist in one play.
COST
Play Segment - subdivision of a geologic play. Fields and prospects that share common geological
Play Segment
controls and thus a common PoS profile.
Play - a group of hydrocarbon fields and prospects having a chance for charge, reservoir, and trap and
Play
belonging to a geologically related stratigraphic unit (eg - the Upper Jurassic play).
Petroleum System - a natural system that links an active or once active source rock to all of the geologic
Petroleum System
elements and processes that are essential for a hydrocarbon accumulation to exist in time and space
regardless of economics.
Where we know it
Risking
12
Assessment
Volume found in
Volume found in Play
Denition
12
Play Focus Workow
Basin characterisationWhat we know, where we
2nd
3rd
1st
8 Identify plays
B know it (page 24)
Well Test Count Assessment
Play Denition (page 20)
Quantitative
(page
17)
framework
KEY WORKFLOWS
A2PlayTectonostratigraphic
Definition
B What we know, where we
ommon Risk
D Quantitative Assesment
7 Trap
distribution
Common
Risk Segment
Segment
(page
12)CC CMapping
(page
52)
4 Basin evolution (page
13)
2nd
3rd
1st
know
it - we
Playknow,
Element
and Play
What
where
we
(page
20)
(page
28)
(page 52)
Mapping
(page
28)
(page
B Summary
A
Play Denition (page 20)
Quantitative Assessment
D16)
Mapping
(page
24)
know it (page 24)
Well Test Count
(page 52)
KM
3 Sequence analysis
Play Creaming Curve
0
These are the key workflows that together
Risk Segment
C Common
Mapping (page 28)
What we know
Where we know it
CRS
Risking
Quantitative
Assessment
KM
0
Play Creaming Curve
Volume found in Play
12
B
12
1 Basinrock,
characterisation
5 Source
reservoir,
What we know, where we
know it (page 24)
} }
Volume found in Play
Play
Denition
2nd
1st
3rd
Well Test Count
Common Risk Segment
(page 28)
8Mapping
Identify
plays
1B
asin characterisation
(page 24)
TERT
3 Sequence analysis
(page 17)
(page 12)
1st
SR
MATURITY
RES/SEAL
TRAP
2nd
3rd
Well Test Count
Common Risk4 Segment
4 Basin evolution (page
(page 13) 28)
4 Basin evolutionMapping
(page 13)
4B
asin evolution
(page 13)Source
7 Trap (page
distribution
16)
5S
ource rock, reservoir, seal
distribution (page 13)
reservoir,
5
rock,
seal distribution
1 Basin characterisation
(page
13)
2 Tectonostratigraphic
framework
plays
(page 17)
seal distribution
(page 13)
TERT
CRET
TERT
CRET
JUR
JUR
TRIAS
PERM
CARB
5 Source rock, reservoir,
5 Source rock,
reservoir,
seal distribution
seal distribution
(page 13)
(page 13)
Assess
petroleum
system
6 Assess petroleum
system
(page 14)
(page 14)
DEV
(page 12)
5 Source rock,Identify
reservoir,
(page 16)
8 Identify plays
(page 17)
TRIAS
PERM
CARB
3 Sequence analysis
7 Trap(page
distribution
16)
7 Trap distribution
Basin evolution (page 13)
DEV
Basin focus
CRET
2 Tectonostratigraphic framework
What we know, where we
3 Sequence analysis
know it (page 24)
(page 24)
Play focus
JUR
DEV
framework
(page 24)
TRIAS
PERM
CARB
(page 17)
seal
distribution
2 Tectonostratigraphic
framework (page
6 Asses
petroleum system
7 Trap distribution
12)
1 Basin characterisation
8 Identify
plays 16)
(page 13)
Assess petroleum
system
(page614)
(page
7 Trap distribution
3 Sequence analysis
(page 17)
2
Tectonostratigraphic
framework
(page12)14)
Basin evolution (page 13)
(page
(page 16
2 Tectonostratigraphic
1
Basin
characterisation
3 Sequence analysis
8 Identify plays
Basin Focus Workflow
form the Basin and Play level Focus
Play Focus Workflow
SR
MATURITY
RES/SEAL
TRAP
Assess petroleum system
TERT
CRET
CRET
TERT
JUR
(page 14)
TRIAS
PERM
JUR
CARB
PERM
CARB
DEV
DEVTRIAS
6 Assess(page
petroleum
14) system
SR
MATURITY
RES/SEAL
TRAP
SR
MATURITY
4 Basin evolution (page 13)
7 Trap
RES/SEAL
SR
TRAP
9
MATURITY
RES/SEAL
distribution
TRAP
Chapter II
BASIN FOCUS:
THE FOUNDATION
The basis of Play-Based Exploration
Basin
type, fill and structural evolution are
the critical elements that build and combine to
define a working Petroleum System.
Geologic boundaries are defined that later
translate to the natural boundaries for the
reservoir, entrapment and charge play elements.
Determine the hydrocarbon generation, flux,
and timing.
Together, these elements define the hydrocarbon
potential for the basin.
10
OMAN MOUNTAINS WALIBAS
Basin focus
Sequence Stratigraphy
Petroleum Systems
4D Basin History
Plate setting
Tectonostratigraphic frame
Megasequences, Basin Fil
Regional maps
Data management
Mining legacy knowledge
STEPS 1-3
Basin characterisation,
tectonostratigraphic framework
and sequence analysis
The tectonic setting(s) of a basin is a primary control
on structural architecture, stratigraphic fill, source
rock distribution, thermal history, and the foundation
for understanding petroleum systems, plays and
ultimately, prospectivity. All that follows in play-
Synrift
Post Rift
Oceanic
Continental
Pre-rift
based exploration builds upon this foundation. Early
identification of Megasequences is an essential part
of the basin-fill analysis.
Megasequence: A group of related
depositional sequences, bounded by major
Syn-rift facies (section view)
regional unconformities, created in response
to large-scale processes such as plate
tectonics and eustacy. Influenced to a lesser
degree by depositional rates. Examples: of
megasequences are Syn-Rift, Passive Margin.
(A basin fill will typically contain several distinct
megasequences.)
11
STEP 4-5
STEP 6
Basin evolution, source rock, reservoir
self consistent - from structural development and
Assess petroleum system
and seal distribution
assessment of accommodation space, to sediment
Initial steps involve integrating all the hydrocarbon
Determining the basin evolution is essential to
thickness, to the facies filling the space.
occurrence data such as source rock observations
understanding the basin fill pattern through time
The maps should be annotated and the source of
from well penetrations and outcrops, oil and
and ultimately, the creation of the 4D model that
the interpretations as well as the confidence should
gas in wells, piston core extracts, seeps, slicks,
in turn serves as the foundation of the Petroleum
be described.
hydrates and direct hydrocarbon indicators from
System Analysis. The basin evolution should be
seismic data.
Present day maturity can tell us the integrated
history of a source interval. On their own, however,
maturity assessments and maps can sometimes be
Middle Miocene facies
Middle Miocene facies
Middle Miocene
Middle
Miocene
structure &&accomodatio
spacespace
structure
accommodation
Middle Miocene isopach
Middle Miocene isopach
misleading. To better understand the petroleum
system, you can also look at hydrocarbon flux
through time. For example, to pose an important
question - Does the charge timing fit with the timing
of reservoir deposition and trap formation?
Petroleum systems analysis involves more than
traditional charge modelling.
A complete understanding of charge modelling
covers aspects of reservoir conditions through time.
This is taken into account using programs such as
Cauldron and Gridcharger.
The petroleum system can be characterised most
12
simply by an events chart. It will usually take more
TERT
CRET
JUR
TRIAS
PERM
CARB
basin adequately.
Petroleum System Events Chart
DEV
than one chart to describe the variability across the
The events chart helps identify the critical moment
when all elements of a viable petroleum system are
SR
MATURITY
RES/SEAL
TRAP
first in place.
Reservoir temperature
Reservoir
temp.
Reservoir
Reservoirporosity
porosity
Maturity
Maturity(VRE)
(VRE)
Oil flux
ux(today)
(today)
(Note the spatial relationship
between present day flux and
HC occurrence in red.)
13
STEP 7
Trap distribution
Palinspastic reconstructions (opposite) can provide
and mappable. Properties such as trap timing, size
information on the timing of structural development.
distribution, and structural lead spacing are similar
Structural domains are generally spatially distinct
within these domains.
Lead density variation by
structural
domain
Structural Domains and
Trap Timing
Mini Basin
5-10 /1000km2
12 - 2
14
-4
9-0
10 - 2
14 - 4
Fold/Thrust Belts
5-7/1000km2
5-0
Line of section
Structural Domains and Trap Timing
14
Inner Foldbelt Minibasin W
NE
Inner Fold Belts
3-5 /1000km2
Today
STEP 8
Identify plays
What plays are present in the petroleum system?
Reconstruction - Lower Miocene
Thrustbelt E
15
Chapter III
PLAY FOCUS
In the basin focus identify plays leads us into the
next level of the PBE pyramid - Play Focus.
Play Focus Workflow
Play Play
Definition
Defenition
16
BAHAMAS - CARBONATE SHOALS
Play focus
What
know
What
weweknow
Where we
we know
know itit
Where
Play Quantification
FSD Analogues
Lead density
CRS CRS
Risking
Risking
Lead
Portfolio
Quantitative
Quantitive
Assessment
Asessment
Play Mapping,
CRS Mapping, uncertainty
Exploration history
THE PLAY FOCUS WORKFLOW
Step D. Quantitative Assessment - Estimate
Stratigraphic Framework North Alaska
volumetric scope and materiality (see appendix).
Plays Studied:
Step A. Play Definition - Take observations from
Basin Focus and determine the logical number
each play.
STEP A: Play Definition,
Stratigraphic
Step B. Understanding what we know and
Stratigraphic definition encompasses the key
where we know it - Assemble a play test
reservoir and entrapment elements of the play and
database, which wildcats had technical success
allows the main structural variation to be captured
or failure after testing the play, identify why key
as segments of the play area. A single play
wells failed. Show geological boundaries for the
map representing the entire section will probably
elements of the petroleum system: creating play
represent a misleading grouping of several different
element maps of reservoir, charge and entrapment
distinct plays through the section.
of discrete plays, and the areal distribution of
(lithologic and structural elements of seal) and build
a summary play map. In the absence of sufficient
Stratigraphic play boundaries should:
calibration data, identify appropriate analogues to
Be no less detailed than megasequences.
build a model for the play.
Reflect the maximum amount of detail of our
Step C. CRS (Common Risk Segment) Mapping
Upper
Brookian
Lower
Brookian
Kamik/LCU
Beaufortian
Sadlerochit
current geological understanding.
and Risking - Use play element maps and well data
to define dependent and independent risk factors in
Have a clear line-of-sight back to our
exploration objectives.
Lisbourne/
Endicott
the context of the proper confidence level. Convolve
these maps to define the play sweet spots
and reality-check the maps against the existing
prospect portfolio.
17
Plays are defined stratigraphically either by
Play boundaries commonly share a sequence
As a rule of thumb, a megasequence is the
a significant change in the play elements:
stratigraphically controlled horizon (e.g.,
minimum level of fidelity for play analysis. Since
a regional unconformity, mega-sequence boundary
a megasequence is observable on even sparse,
or maximum flooding surface).
greenfield basin data, most areas can be evaluated
A major bounding seal.
Gross depositional environment in the section.
Petroleum system (for example,
The primary criterion for delineating plays is
a younger source),
regional or master seal, usually associated with
using play-based methods, even if there is no access
to a complete set of detailed information.
second- or third-order flooding surfaces. These
While a useful minimum threshold for defining plays,
or other significant changes in the working
regional seals often form migration barriers that
in most cases the use of megasequence boundaries
geological model.
can affect a whole family of prospects.
grossly oversimplifies the number of stratigraphic
plays. Typically, there are several vertical grossdepositional environment changes within
a single megasequence.
KM
0
play 1
play 2
MFS
Shelf
B.G. Slope
Prodelta shale
Toe of Slope
18
play 3
MFS
MFS
MFS
12
Play Definition, areal
The areal play outline shown by the green colour
below represents the maximum vertical coincidence
of all of the elements of the petroleum system for this
Extent of
Traps
Extent of
regional top
steal
play: reservoir, charge and seal.
Field
The play sweetspot should be a boundary outside
of which there is ZERO chance that the play will be
PLAY
SWEETSPOT
found (e.g.- reservoir and seal are totally eroded,
source rock is at 10m below surface, etc).
Reservoir
Extent
Extent of
Mature
source rock
Play Focus Workflow
Play
Definition
What we know
Where we know it
CRS
Risking
Quantitative
Assessment
19
STEP B: What do we know?
Where do we know it?
analysis on key wells is a crucial step in finding
A good play element map and play summary
why and where risk elements worked or didnt
map should reflect geologic boundaries and:
work.
Understanding the drilling history of the basin within
Display wells within the stratigraphic play as
technical successes or failures
the context of the plays is fundamental in tested
For each element of the petroleum system (reservoir,
basins. It yields a basic framework with which to
charge and entrapment), create a map of
interpret play boundaries, estimate chance and
boundaries, or segments that describe what we
confidence (PoS), calculate technical success rates,
know and where we know it.
Have annotations of why lines were drawn and
what data were used.
Not be complex - capture the geologic trends
for the chance factor: show how an exploration
and deduce the critical risk element(s).
sweet spot in this play would occur.
Play Test Analysis
1. Which wells are a valid test of a play?
A valid, play-testing exploration wildcat well is
Is a well a
play test?
Was it a technical
success or failure?
If a failure why?
where the objective sequence had a chance to
find trap, reservoir, seal and charge.
Building Play Element and Play Summary maps Two factors should be balanced:
2. Which play-testing wells were
1. Make the boundaries as numerous as necessary
technical successes?
to define the geology that drives
A technical success is a well with a flowable
success/ failure of a given chance factor.
in-place volume at the formation level. This
key definition is the threshold by which we risk
prospects and plays.
2. Make the boundaries simple enough to relate
back to definable geological trends
that speak to the interpreter or decision-maker.
3. Was the play-testing well a technical failure,
and if so, why?
In some cases, the play element maps can be
Example: Reservoir Element (Segment) Map
Understanding wildcat failure may be more
used across several plays (maturity and source rock
N.B: If you dont capture the rationale, then
important than documenting successes. Failure
distribution, for example).
subsequent explorers may not understand the maps.
20
Input data example
Focus map
ARC Gis/
Openworks Concessions
Partnerships
Source and Maturity Map
SR Quality
Flux map
Temperature
Slicks/seeps
Fetch map
Inversion Timing
Top Seal Isopach Map
TA I Fault seal risk
TAII Pressure Analysis
Timing
Reservoir Facies Map
Isopach
Porosity/PermNet/
Net to Gross
AVO/
Amplitudes
Provenance
Top Reservoir Structure Map
Tectono-strat Timing
Velocity Sensitivity
Fault Analysis
Database Map
Wells/Penetration Map
Success/Failure analysis
Risk statistics
Field Analogues
Creaming Curves/FSDs
21
Play segment boundaries:
convert that knowledge into predictive models that
Should represent a significant change in geological
define the probability of success.
model. E.g. a facies boundary as the boundary
between shelf and slope depositional environments,
Should be segmented to contain an appropriate
location of sediment input points, channels, fan
amount of subdivision.
systems, delta lobes, etc. Two prospects drilled in
Ensure that boundaries are consistent with
relatively close proximity to, but on either side of
geological controls that drive large changes in
this boundary will usually have different chances
technical success/ failure (e.g., VRE boundary,
of success.
migration focus areas, facies, structural domains,
etc.).
Should identify where confidence changes
significantly.
Boundaries (segments) should always be drawn
Confidence reflects the density/ quality of
based on geologic features, and not be drawn
information available and the interpreters ability to
just to fit a well or prospect.
Play Focus Workflow
Play
Definition
22
What we know
Where we know it
CRS
Risking
Quantitative
Assessment
STEP C:
Common Risk Segment (CRS)
mapping and risking
There are four steps to the CRS Risking workflow:
1. Determine the confidence level of the chance
Maastricht Chance Factors
Typical CRS
Chance factor Maps
PLAY RESERVOIR
Common Risk Segment: (CRS):
Play
An area on a map that contains the same
PLAY RECOVERY
SR + PLAY CHARGE
PLAY STRUCTURE
general chance for success (PoS) and
REGIONAL SEAL
PROSPECT RESERVOIR
charge, seal or structure, as defined in Shells
PROSPECT RECOVERY
Maastricht risking template.
Prospect
confidence for a given chance factor: reservoir,
PROSPECT CHARGE
PROSPECT STRUCTURE
PROSPECT TOP SEAL
factor for which you are assigning PoS
2. Assign a Play PoS to the segments
Play PoS Reservoir
3. Assign a Lead PoS to the segments
Play PoS Charge
4. Create an amalgamated total PoS map and
Play PoS Entrapment
perform a reality check.
CRS Risking
Lead PoS Reservoir
Lead PoS Charge
Lead PoS Entrapment
Determine
confidence level
Assign
Play PoS
Assign ave.
Lead PoS
Perform the
reality check
CRS mapping and risking uses all available
(data quality and/ or density). Probability values are
For some people it is easier to start from a view on
geological and exploration history data to create a
assigned to each segment.
the total pos for a chance factor, and then separate
out the shared (play PoS) and local (independent or
view of the play-scale risks and dependencies.
This work follows upon the play element mapping,
lead PoS).
and uses the boundaries (segments) created during
The number of maps or chance factors that go into
that work.
the CRS mapping exercise may vary, but experience
has shown that play-level and prospect-level maps
The play is divided into segments with similar
for Reservoir, Charge and Entrapment are usually
probability characteristics, with the boundaries
sufficient to describe the risks. If more are needed,
reflecting changes in either geology, or confidence
make sure they are included.
23
Determine confidence levels
MEDIUM: Existing geologic models help to show
for each segment
where the chance factor may work. Intermediate
to coarse 2D seismic exists, some regional maps
What are typical confidence levels for
and geological models of play elements have been
play analysis?
made. Play testing wells may or may not exist.
HIGH: Existing geologic models are robust enough
to predict confidently where the chance factor
LOW: Very little to no primary or secondary data
is a success or failure. Several valid, analyzed
exist to support a geologic model or suggest
play-testing wells exist. Dense 2D or 3D seismic
where the chance factor works. Little or no seismic
with good imaging exists on which play elements
coverage. Quick-look analysis relying primarily on
(charge, reservoir, entrapment) can be mapped or
analogue data.
modelled, play analogues exist.
High Condence example:
Central Luconia (Malaysia) TB 2.4 - 2.6 carbonates
P
P
P
High Confidence example:
Several, well understood play tests
Extensive seismic
Mapped charge, reservoir and seal play
elements
Central Luconia (Malaysia) TB
2.4 - 2.6 carbonates
Several, well understood
play tests
Total PoS
Extensive seismic
Mapped charge, reservoir
and seal play elements
24
Medium Condence example:
Mackenzie Delta (Canada), Taglu base of Slope Turbidites
P
P
P
Sparse valid play tests in similar play segment
Regional 2-D seismic
Reservoir facies model
A
KM
0
4
Shelf
B.G. Slope
Prodelta shale
Toe of Slope
Reservoir mylar
Valid play tests
Medium Confidence example:
Mackenzie Delta (Canada),
Taglu base of Slope Turbidites
12
Condence map
Sparse valid play tests in
similar play segment
Total PoS
Regional 2-D seismic
Reservoir facies model
Low Confidence example:
Colombia River Basin sub-basalt
Continental clastics
No sub-basalt image
Magnetotellurics map
Speculative stratigraphic column based
on sparse well data
Play relies on regional, conceptual
basin evolution concept pinned to
global analogue
Some areas of play conceptually
betterthan others, but all are heavily
hachured to reflect low confidence
25
Assign play PoS and average lead PoS
Average Lead PoS (Prospect Success Ratio):
Play PoS (shared PoS):
Percentage of prospects predicted to be
Probability of trapped hydrocarbons being
hydrocarbon bearing (expected success rate),
present and capable of being produced from
or probability that an average lead or prospect
the formation somewhere in the play segment
would be a technical success, assuming the
- irrespective of volume, rates, and economic.
play is proven. Its a measure of the repeatability
criteria
in a play segment.
Example: Play PoS Charge
Assuming no lateral migration, all of the prospects
Shelf
above the thick salt would fail for the lack of
charge. Because of this dependent failure risk, the
Slope
play PoS for charge in the segments with yellow
Base
of Slope
arrows would be very low, even though the play
works in the green arrowed segment.
Example: Average lead PoS reservoir
In this example, all of the play reservoir segments
Res/Seal
(salt)
5km
Mature SR
26
are proven, since there are discoveries within each
of the geologic domains.
The repeatability of finding reservoir in prospects
is higher in the base of slope segment than the
channel-prone slope.
Repeatability = Average Lead PoS = Success rate
for the chance factor in each segment
Shells 2004 risking template, also known as the
Maastricht template is used to determine unbiased
prospect and play chance factors.
Example Reservoir (below):
Medium Confidence,
Play PoS = 0.8
Lead PoS = 0.3
Total PoS = 0.8 x 0.3 = 0.24)
Very
High
High
0%
10%
20%
30%
40%
50%
very likely
e
likely
None
y
unlikely
Very
Low
very unlikely
Low
equivocal
.24
Medium
Exclude
extremely unlikely
Confidence/ Knowledge
Perfect
60%
70%
80%
90%
100%
27
Total (Geological) PoS
Play x Lead PoS
Composite CRS
Reservoir CRS
Charge CRS
Entrapment CRS
Average Lead PoS
28
Play PoS
In the last step of CRS Risking we multiply the maps
Does the resulting map still show clearly the
together to create Composite Common Risk Segment
key trends of the play or does the map look
(CCRS) maps. A reality check against known data
like shards of glass? Often such maps reflect
is then preformed. By multiplying the play and
a level of detail not supported by the data
lead PoS CCRS maps, we can approximate total
available, and are more detailed than the level
geological PoS.
of knowledge needed to answer the relevant
technical exploration questions.
Reality Checks:
Do the CCRS maps reflect our intuitive picture
of for the average prospect PoS within each
segment?
Does the PoS compare with the exploration
history and prospect portfolio? For proven
segments (play PoS = 1.0). Does the lead PoS
make sense in the light of historic success rates?
When plotted on a CCRS map, are prospect
risks representative of the average PoS portrayed
by the play analysis and do the prospect PoS
values change across key boundaries?
29
Chapter IV
FROM PLAY FOCUS
TO PROSPECT FOCUS
Framing - Early Assist
Review and Challenge
Prospect Maturation
After Action Review
SFR Maturation
Prospect Identification
Prospect focus*
Prospect level
Evaluation
5 Step
Prospect
Portfolio
After Act
Peer Cha
Volumetrics
Risk
Uncertainty
Peer/vol
Prospect Image
Geologic Models
Geophysical Evaluation
Early Ass
Play focus*
SFR Maturation
Prospect Identification
Prospect level
Evaluation
Prospect focus*
Prospect
Portfolio
Volumetrics
Risk
Uncertainty
Framing-
5 Step Prospect Maturation
After Action Review
Peer Challenge
Peer/volumetrics Review
Prospect Image
Geologic Models
Geophysical Evaluation
30
INDIA - GODAVARI DELTA
Early Assist
Play focus*
Framing-Kick Off
When evaluating prospects and prospect portfolios
in related prospects within the same play or play
Specific guidelines exist for how prospects and
we should place them in a play context. This gives
segment. It can shorten prospect evaluation by
prospect portfolios can be placed in the play
us strategic information needed to de-risk the play
giving a focus to the work. Such as the identification
context - what key play-based products should
and assess the prospects ability to deliver Scope
of the success factors needed and the likely failure
be used. These include play CRS maps, Field Size
for Recovery (SFR) volumes. We ultimately can also
modes for the prospect as predicted by the regional
Distributions (FSDs - see appendix), YTF estimates
understand the additional potential (yet-to-find - YTF)
risk elements.
etc. The table shows key questions that should
be addressed at various phases of the 5 step
maturation process - deliverables on value drivers,
critical success factors, project risks, project plan,
Framing - Early Assist
Key Products
Play Cross Sections
Play & CCRS maps
Play Element CRS maps
Exploration History Analysis
Key Questions
Can the focal Play be succinctly described on a cross section ?
Does exploring in this Play segment have merit based on Regional Sweet spot
analysis ?
What geological aspects of the Prospect should be the main focus of the evaluation
work (I.e. likely failure modes) ?
What can we learn from the Exploration history to best augment the
evaluation and improve our understanding of the prospect ?
What does the history indicate as good analogues to use ?
Materiality maps
Play YTF, CSFs
Play Execution Plan
Well Plan
AAR
Multiple PBE products
Examples of prospects in a play context
We can ask questions about how reasonable
prospect risks and volumes are when compared with
the play based evaluations.
A prospect portfolio is overlain on the corresponding
composite common risk segment (CCRS) play
Review & Challenge
Play & CCRS maps
Play Element CRS maps
Exploration History Analysis
FSDs
volumetrics estimates etc.
Does maturing view of the Prospect reconcile with Play Segment Risking ?
Prospect Risking consistent with Play PoS maps ?
What phase of Play Creaming is the Prospect In ?
Does Prospect volume range fit the appropriate FSD ?
Is there likely material follow up to a well test ?
Does the Play and Play segment have enough running room ?
Does prospect test fit in agreed Play execution plan ?
Does well plan contain provision for key Play data gathering ?
Have well learnings been fed back to evergreen basin and play understanding ?
Show differences - investigate
.5
.5
.3
.3
.5
.5
.3
.3
.2
.2
.3
.3
Prospect in low risk area
(good chance of success)
how much follow up?
(e.g. in low chance area)
.5
.5
.3
.3
.2
.2
.4
.4
.4
.4
.3
.3
.2
.2
.3
.3
.4
.4
.2
.2
.2
.2
.1
.1
.1
.1
.2
.2
.1
.1
.1
.1
.1
.1
31
map. Annotated prospect technical risks can be
We can plot prospect Mean Success Volume (MSV)
compared with regionally assigned risks and any
estimates on the most appropriate future Field Size
clear differences investigated. CCRS maps also help
Distribution (FSD) for that play or play segment
identify drill candidate prospects in segments with
to see if they are reasonable. Note that prospects
acceptable chances of success and show possible
will tend to be the largest undrilled structures and
follow-up.
will often plot in the upper part of the FSD. (See
appendix page 58)
In certain cases, prospect MSVs may exceed the
observed or calculated maximum field size for the
FSD. For example this may occur where unexplored
??
P1
Cumulative Probability
Lead-4a(3)
unreasonable MSV estimates may cause re-
Lead-4b
Lead-2 (3)
Lea d-3
appropriate place on the play segment creaming
curve. This is characterised in three phases.
P90
1
10
Field Size
100mmboe
1000
Estimated Prospect MSVs plotted on appropriate FSD for the Play as a `reality check
32
evaluation of the prospect volumetrics.
As a further test, we can place the prospect in the
P50
P99
lack of technology has constrained exploration
such as with poorly imaged sub-salt. Alternatively,
Lead-1 (3)
P10
play segments are previously not licensed or if
Typical Play Specific creaming curve
Note;
14000
1. Quick play or segment calibration will allow
better, earlier decision-making.
Cumulative MMBOE
12000
Phase 3
10000
2. Confident exploration for material prospects
only starts in Phase 2
3. Phase 3 prospectivity should be measured
8000
against exploration value generation and
Phase 2
6000
strategy for the basin
4000
The creaming context of the prospects should
2000
dictate the reasonable expectation of their
potential volume and value delivery.
Phase 1
0.0
0
50
100
150
200
250
Discovery#
Phase 1 - Play Testing/ Calibration
Phase 2 - Play harvesting
Phase 3 - Maturity
Technical risks poorly constrained and few or
The play is calibrated for risks and volumetrics and
Few material opportunities remain. Often a Near
no exploration tests. Early information is key to
maturation is designed to maximize SFR return,
Field Exploration (NFE) phase optimizing value.
decisions on play participation.
assisted by appropriate technology deployment.
As returns diminish, play exit may become the
preferred option.
33
Chapter V
VENTURE EVALUATION
Good PBE Practice involves building first the basin,
then play and then the prospect understanding.
Exploration strategy, planning and execution are
therefore based on the foundation of understanding the
plays in a venture.
Prospect focus
Play focus
34
USA - GRAND CANYON
Basin focus
A basic understanding of the subsurface and its
So early identification of and access to the play
potential is our greatest strength.
sweet spots is vital. In some recent cases, late play
Other TECOP factors (economics, commercial,
identification led to expensive access where our
operational and political) should be also overlain on
initial acreage position was not in the sweet spot.
the play-based view of a venture or opportunity to
arrive at the appropriate decision. Remember Primary Focus
The best contract terms, price fluctuations,
politics or acreage access conditions do not
put valuable, material hydrocarbon plays in the
Second Tier
ground or close contours on maps
Securing a material position requires us to quickly
identify key plays and focus on the sweet spots.
Dont Do It !
35
Building an exploration plan
for the focus play
Maximise volume capture in the short and
long term.
Address the key points for the focus play;
Principal technical play risks.
Risk dependency within the portfolio.
Quick strategic decisions-more acreage or exit?
To understand prospect value of information and play upside:
Use (depedent) Play Pos CRS and Materiality maps to assess zone of influence from a possible well test.
0.9 Ave Play Pos
0.9 Ave Play Pos
PoS Uplift
throughout Play
segment due to
reduction
of dependent
Play Risk
Targeting Play
Segment with
Running Room
Use YTF and Materiality
maps to assess Play
Segment Volume Prize
150 MSV
45 EXP
180
45
150
45
100
20
400
50
120
15
100
10
36
Building play optionality into
The variety of these plays requires a different
the Venture Plan
approach for the execution plans for each.
A typical basin venture will contain several plays
and often each of these at different stages of
Play Scope vs PoS
understanding and techn ical maturity. Ideally,
1200
play scope or ability to deliver SFR volumes together
with the information needs of each of the plays,
key decision points and an understanding of the
possible inter-relationships between plays.
Play Scope mmboe
Venture Plans should be built with a clear view of the
1000
800
600
400
200
0
0%
20%
40%
60%
80%
PoS %
se 3
Pha
In this schematic example, Play A is proven and
mature, B is technically proven but still poorly
Ph
as
e
Play UR mmboe
B
C
Phase 1
Time/Discovery #
understood and C is largely conceptual but with
significant scope.
37
A Venture Plan for these plays
Partially calibrated deep Play B shares certain
could look like this:
petroleum system elements with the shallow play A
Play A is well calibrated such that most of
but overall the need for additional information in this
the remaining drilling opportunities have only
emerging play is high in order to target early tests
independent (lead) risk. The learning value
and quickly identity the sweet spot. Opportunistic
of these wells is minimal and they can be most
deepening of a remaining play A prospect well
likely drilled out in the most efficient way as part
to test the deeper play B is a clear option for
of an NFE programme of low risk, low volume
efficiently building understanding in the deeper
prospects. Future key decisions could be the optimal
play but should always be measured against the
exit point whenever smaller discoveries suggest
cost of testing play B in an optimal location and the
that exploration resource could be better spent
richer information that could come from that tactical
elsewhere.
choice. The plan for this play consequently focuses
on the prospects that will get to a confident go
Year 1
+acreage
+acreage
38
Studies
seismic+
+acreage
+acreage
forward/exit decision soonest.
Play C is unproven and shares no petroleum system
elements with the shallower plays.
It should be treated as a Frontier play opportunity
with the same importance in establishing basic
petroleum system understanding - source rock
presence, maturity, timing, reservoir/ seal pairs
etc. In the absence of hard calibration data, play
analogue information and primary delineation data
such as high resolution gravimetric studies
or long cable deep target seismic could form the
basis of the early effort.
The followup to this effort could then be deep
well tests to conclusively test the petroleum system
elements.
The strong message here is to treat plays
independently in execution planning and where
relevant prioritize calibration efforts in new plays
and avoid committing to drilling consecutive and
probably dependent wells back-to-back.
39
Appendix
Play Focus Workflow
40
RUSSIA - LENA DELTA
Play
Definition
What we know
Where we know it
CRS
Risking
Quantitative
Assessment
STEP D: Quantitative aspects of
Play-Based Exploration
CRS maps alone, however, do not answer other
business questions, e.g:
(in play focus)
The numerical basis of PBE analysis
Discoveries
What does success look like? - scope - materiality
What will the portfolio achieve?
What is the chance of achieving success
(a venture question)?
1.00
1.00
Tertiary
Tertiary clastics
clastics
0.46
0.46
Play PoS
0.40
0.40
0.46
0.46
026
026
066
066
Tertiary
Tertiary clastics
clastics
0.59
0.59
032
032
0.66
0.66
Tertiary
Tertiary clastics
clastics
032
032
0.16
0.16
Avg. Lead PoS
0.10
0.10
0.19
0.19
To answer these questions, an assessment of
volumetric potential is required.
Total PoS
The rationale for breaking out play and average
the basin the best chance of achieving exploration
lead PoS
success is maximized. The segments containing
From a portfolio of segments perspective, it
discoveries (highlighted on the maps above) are
is critical to understand both the play and
proven and thus have a play PoS of 100%.
average lead PoS to evaluate the chance of
The segments to the east are, as yet, unproven
The total PoS on these segments is very low.
What is the at-risk financial exposure
(not covered here)?
0.12
0.12
The Play focus (section III) described where in
and have play PoS values less than100%.
venture success.
To understand and communicate what one of the
unproven segments would look like if successful,
however, the average lead PoS is used.
41
Describing play segment volumes
PoS
volumetric assessment
up any single play segment is either the success
Venture success volume
avg. Lead PoS risked
0.25
Deterministic methods for
from a portfolio perspective (roll-up of a number of
segments), since the ultimate outcome from drilling
Volume vs. Risk
0.3
The venture risked volume description is only useful
0.2
1. Summed prospect expectation volumes
case, or failure case. In a proven segment the
venture risked and venture success volumes are
Elements to be considered
the same.
a. How good are the prospect
This type of plot also clearly illustrates the potential
b. Is an economic minimum being considered?
value of information obtainable from a given well or
c. Has the data density given a complete
expectation volumes?
0.15
0.1
Venture Risked volume
venture PoS (3 well dry-hole
tolerance)
0.05
farm-in. A variety of tools can be used to provide the
500
1000
1500
2000
Risked Volume (MMBOE)
d. Has a dry-hole tolerance been factored?
time frame of interest in the analysis and the amount
e. Has the full extent of the play been identified?
of data available.
Play with lead inventory and synthetic leads
The chart shows the difference between a success
What Yet To-Find tools can we use?
description of an unproven play segment (venture
success risked volume, the upper right point)
and the portfolio description (total venture risked
volume, lower left point).
15 Time
10
Horizon
Of the Answer
(Years)
5 -
The difference between the two points describes the
potential volume that can be achieved by proving
up a play segment in a successful venture. If the
venture is unsuccessful, however, the volume is zero
(dashed line).
42
lead inventory?
volumetric description. Their usage depends on the
0 3D
Calibrated basin model
risked volumes
Statistical (GEPI) type Play Analysis
Discovery process
modelling
Play-data
driven
# of well
tests> 15
Summed expectation
volumes
Analogue
driven
# of well
tests< 16
Statistically
insignificant
play data->
Decreasing data & increased uncertainty
Earlier view of play extent
2. Calibrated basin model
Quantitative play analysis tied to charge models
allows rapid testing of different scenarios with the
ability to see the results quickly for block or play
segment ranking.
A quality control check on predicted versus actual
results is required.
Due to incomplete data, deterministic methods
Expulsion and Migration
may not provide a complete view of a play or
entries. In these situations,
a statistical volumetric assessment can provide the
critical information.
Quality Control Check
Perfect Match
10000
Volume Discovered
play segment, e.g. in frontier areas, and new Shell
Volume and Fluid Prediction
Gas Fraction High
1000
100
Fault Retention Low
10
10.0
100.0
1000.0
100000.0
Predicted Volume
43
3. Statistical (GEPI) type play analysis
The terms of statistical analysis:
All statistical methods are built upon
Total PoS: (Play PoS x Avg. Lead PoS)
3 basic components.
The calculation uses both figures not just
the rolled-up Total PoS.
The Basic Equation:
Play potential= Total POS (@ zero cutoff) * Future FSD * Remaining lead count
Future Field Size Distribution (FSD):
A numerical distribution reflecting the range
of undiscovered future accumulations (EUR) in a
Play Potential
play or play segment, including sub-commercial
accumulations (Presented in a cumulative logprobability plot).
Total POS
(Play POS x Avg. Lead POS)
Field Size Range
Lead count
Probability
Lead Count: The number of potential leads in a
X
Often calculated from a lead density, typically
expressed in # / 1000km2.
Volume
44
given segment of analysis.
Each of the elements has pitfalls. These must be
understood in advance.
Past scepticism of results from this approach are
not because the method is flawed (our competitors
Canadian Williston Basin
have borne this out), but in many cases because of
careless or poorly constrained inputs.
P99 = 0.03
P90 = 0.2
P50 = 2.4
Mean = 9.3
P10 = 25.3
P1 = 175.5
No outcome gives the right answer (as with any
Williston Basin field size
distribution chart
A field size distribution (FSD) provides a
considerable amount of information about a play or
play segment. From the example above:
Cumulative Probability
model), therefore we must use ranges to indicate
the results.
P1
P10
P10
Mean
P50
P50
P90
P90
Any randomly selected field has only a 10%
P99
chance of being larger than 25 million barrels;
50% of the discoveries are smaller than
2,5 million barrels.
0.01
0.1
1.0
10.0
100.0
1,000.0
Ultimate field size (MMBOE)
45
Play Creaming Curve
Volume found in Play
A field size distribution represents a
snapshot in time
A history of discovery volumes in a play shows the
FSD of the 1st third of the discoveries is larger than
the 2nd third, which, in turn is larger than the 3rd.
This is a representation of exploration creaming.
Volume found in Play
A forward-looking FSD is required for a
1st
2nd
3rd
Well Test Count
Yet-To-Find exercise in partially creamed
play segments
Producing an FSD for a volume assessment requires
a forward (YTF FSD) look at the potential field sizes
FSD Chart
yet to be discovered. The previous examples show
3rd third
P1
P10
2nd third
existing (already discovered) size distributions. These
1st third
should not be used for a future look assessment.
The analysis would then result in the simulated
discovery of fields that have already been found
P50
however, may be used as analogues for frontier
mean
mean
P99
mean
in a partially creamed play segment. Native FSDs
P90
areas, or in new play extensions (e.g. same play
projected under salt where imaging problems
10
100
1000
Recoverable Volume (MMBOE)
46
precluded exploration in the past).
Discovery-process-based FSD Chart
Producing an appropriate lead count
URData
Current Fields FSD Fit
P1
P 1
P1
New / immature plays - start with lead density
per1000 km2 from appropriate geologic
P10
P 5
YTF FSD
P10
analogue (with sufficient exploration maturity).
P 10
P 20
P 30
P50
1000 km2 from an extensively explored similar
P 40
Present-day FSD
Volume (Billion BOE)
12
P90
P90
P99
Ultimate FSD
P99
10
1.
10
10
100
P 60
P 70
Map-based trap delineation (basin models).
Discovery Process modelling: Top-up method
P 80
Creaming Curve
P 90
- e.g. FSDecoder / PlayCraft (counting the
P 95
number of unidentified leads that fit under a log
4
2
0.0
0.1
calibration area.
P 50
P50
99
PresentPDay
1
26
51
76
Number of Tests
1000
101
Play extensions - extrapolate lead density per
normal distribution).
126
10000
There should be a balance between the lead
density and the FSD (how many billion barrel
Volume (MMBOE)
fields can fit in 1000 km2?).
Calibration area
Unidentied
Prospects
Fields
Volume Classes
47
Demystifying the GEPI calculation (PoS x FSD x Lead Count)
Lognormal FSD Plot
3.0
Proven play segment
P1
Play PoS
= 1.0
Avg. Lead PoS = .66
Lead Count
.0
S 1 oS
Po ad P
y
e
Pla g. L
Av
Mean FSD
= 13
= 25
Log Normal Probability
2.0
Venture Risked = Venture Success
6
.6
Truncated FSD-Curve1
Untruncated FSD-Curve1
P10
1.0
0.0
P50
-1.0
P90
-2.0
-
Log Normal Probability
P99
-3.0
-
Venture Volume = .66 x 25 (mean of FSD) x 13 = 214 MMBO
0.01
Max
411.0
P10
154.0
Mean
41.2
P90
1.50
Min
0.1
10
100
0.20
1000
10000
Ultimate Recovery (MMBOE)
Venture Scope = .66 x 13 = ~ 8 successes (8.6)
Materiality expectation ~ 1 lead > 66 MMBO
Lognormal FSD Plot
3.0
P1
Play CCRS map
Play PoS
= .71
Avg. Lead PoS = .32
Lead Count
= 30
Mean FSD
= 41 (totally uncreamed segment)
Total Venture Risked Volume = For portfolio roll-up
.71 x .32 x 41(mean of FSD) x 30 = 279 MMBO
Unproven play segment
Total venture risked scope = For portfolio roll-up
Venture Risked = Venture Success
.71 x .32 x 30 = ~ 7 successes (6.8)
48
2.0
Log Normal Probability
71
S . oS
Po ad P
y
e
Pla g. L
Av
2
.3
Truncated FSD-Curve1
Untruncated FSD-Curve1
P10
1.0
0.0
P50
-1.0
P90
-2.0
-
Log Normal Probability
P99
-3.0
-
0.01
Max
375.0
P10
66.0
Mean
25.0
P90
1.50
Min
0.1
10
100
0.10
1000
Ultimate Recovery (MMBOE)
10000
Would we ever expect to find 7 successes in this
What would success look like?
segment? No! If the segment fails, nothing will be
Venture Success Volume =.32 x 41 mmbo x 30 leads = 394 MMBO
found, and if it does work, then we need to look at
Scope with play success = .32 lead PoS x 30 leads =10 successes
the success case.
Materiality expectation ~ 1 lead > 150 MMBO
This number is only useful from a roll-up of a
GEPI venture success simulation output map from BPA (segment colours
portfolio of segments perspective
reflect success HC richness). Smaller number is total
venture risked volume prediction, larger number is
venture success risked volume prediction.
49
NOTES
50
NOTES
51
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