I’m no geologist but I found quite a bit wrong with this. Seemingly no understanding for Basin Modeling or the industry at large.
Via the Oilfield Review:
“The best way to reduce investment risk in oil and
gas exploration is to ascertain the presence, types
and volumes of hydrocarbons in a prospective
structure before drilling. Seismic interpretation
can delineate closed structures and identify potential subsurface traps, but it does not reliably
predict trap content. Drilling on a closed structure, even near a producing oil or gas field, holds
no guarantee that similar fluids will be found.
Profitable exploration requires a methodology to
predict the likelihood of success given the available data and associated uncertainties”
“Predicting the present by modeling the past is
a powerful tool for oil and gas industry professionals. Although BPSM may not be able to predict
every oil and gas accumulation, it is designed to
help companies find more hydrocarbons and avoid
costly drilling mistakes in the future.”
"Using biomarkers in the oil samples, reinterpreted sequence stratigraphy and proprietary kinetic parameters, Mobil geologists performed BPSM, which predicted that most of the Miocene source rock in the area of interest would be within the present-day oil window and would be currently generating hydrocarbons. Use of the model resulted in major oil discoveries by Mobil and its partner Unocal in the deepwater Makassar Straits, with some wells producing 10,000 bbl/d [1,600 m3 /d] of oil from areas previously considered nonprospective. The study also changed the way the industry views deepwater deltaic petroleum systems worldwide.“
Via 7.09 - Formation and Geochemistry of Oil and Gas
“Basin modeling, in one form or another, has been an integral part of petroleum exploration studies since the 1970s. Geochemical parameters have played a role in the development of these models as they have become more sophisticated. The major role of basin models is to reconstruct the history of sedimentary basins in an effort to predict how the processes of generation, expulsion, migration, trapping, and preservation control the volumetrics, quality, and distribution of oil and gas in a basin.”
Thanks to @Mr_Wilford For the sources!
Thoughts Geophys folks?