An integrated energy company gains clearer subsurface images, helping to de-risk their exploration portfolio, by using a multi-project ‘alliance’ to apply RTM.
One of the world’s most technologically sophisticated offshore operators had compiled a large portfolio of proven and undeveloped acreage in the Gulf of Mexico and offshore regions of West Africa, Brazil, and the Mediterranean. The acreage was believed to be highly prospective, but the potential reservoir targets in many areas were difficult to image as they frequently were overlain by regional salt bodies or areally extensive salt sheets. In addition, the ‘clock was ticking’ for the E&P operator as they had lined up deepwater drilling capacity to test their highest potential prospects and, in some areas, faced a tough decision among the options of relinquishing soon-to-expire acreage, extending their leases, or ‘doubling down’ by acquiring offset blocks.
