Petroleum Exploration & Field Management

Petroleum Exploration is the process of exploring for oil and gas resources in the earth’s sedimentary basins. The process relies on the methodical application of technology by creative geoscientists that leads to viable prospects to drill and the actual drilling of these prospects with exploratory and appraisal wells. Geological prospecting and exploration for oil and gas is a set of industrial and R&D activities for geological study of subsurface resources, identification of promising areas, and discovery of fields, their evaluation and pre-development. The final objective of geological prospecting is preparation of subsurface resources. The main principle of geological prospecting is the comprehensive geological study of subsurface resources when along with oil and gas exploration all associated components (petroleum gas and its composition, sulphur, rare metals, etc.), possibility and practicality of their production or utilization are investigated; hydrogeological, coal mining, engineering, geological and other studies are performed; natural, climatic, socioeconomic, geological engineering and economic indicator and their changes caused by future field development are analysed.

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