stages of petroleum exploration

Question 1

stages of petroleum exploration and production

Answer 1

1. pre-concession work
2. concession round
3. exploration
4. appraisal and development planning
5. project execution
6. production and maintenance execution
7. abandonment

Question 2

depressions with thick accumulation of sedimentary rocks / sediments

Answer 2

sedimentary basins

Question 3

basin analysis

Answer 3

• data acquisition

- regional assessment

Question 4

service contracts and obligations of the company are regulated by?

Answer 4

presidential decree no. 87
This law amended certain sections of PD 87 offering improved fiscal and contractual terms to service contractors with special reference to deep water oil exploration.

Question 5

geological and geophysical survey

Answer 5

petroleum play evaluation

Question 6

identification of drillable prospects and leads

Answer 6

prospect evaluation

Question 7

phases of exploration

Answer 7

1. reconnaissance survey - basin analysis
2. geological mapping - petroleum play evaluation (PPE)
3. seismic surveys - PPE & prospect evaluation
4. exploratory drilling &; appraisal development

Question 8

production from the reservoir through formation pressure, artificial lift and advanced recovery techniques

Answer 8

production and maintenance execution

Question 9

plugging and abandonment of wells, removal, sinking or leaving facilities, retrofitting

Answer 9

abandonment decommissioning