Intensive, hands-on learning experiences led by industry experts. Gain practical skills on the value and correct application of geophysics to subsurface understanding.
SC-01: Theory and Value of Geophysics in CCUS, and Energy Exploration and Development (SEG)
Objectives:
- Learn how application of geophysics to subsurface resource
- Exploration and Production impacts the overall value of project
- Learn terminology and associated concepts
- Learn about ‘Buying’ seismic
- Learn the value of Information introduction — applying economic values to outcomes with and without getting seismic data
Description: This two-day short course will explain the basic theory and implications of acquisition, processing, and interpretation as a function of the amount of investment in the data. It covers basic theory and how the technology advanced from the initial gravity and seismic reflection experiments to the modern data and its impact on the overall success in exploration and production in of oil and gas industry as well as water, minerals, geothermal, and recently CCUS. The concepts of Value of Information when determining how much or whether to invest in geophysics is introduced.