New Developments and Proven Exploration Technologies
Seismic
2-D & 3-D Interpretation & Analysis
2-D & 3-D seismic interpretation and analysis incorporates the use
of 2-D and 3-D seismic surveys to delineate and detect structural and
stratigraphic traps for drilling targets by geophysicists.
Aeromagnetic
and Gravity Surveys
Aeromagnetic and gravity surveys extraction involves the magnetic and
gravity mapping of a given geographic area (usually by shooting a swath
by plane) over a given region to locate hydrocarbons and underground structures.
Oil Seeps
Delineating
Oil seep delineating involves mapping the surface expressions of oil at
the interface of land/sea or land/air due to petroleum leakage (e.g.,
along a fault plane) that makes surface contact.
Risk Analysis Methodologies (e.g., Peter R Rose)
Risk analysis methodologies involve analyzing a set of boundary conditions
that must be satisfied as a sort of check list for enlisting the probability
of hydrocarbons. A typical example would be a presence of source rock,
timing of migration, traps, a “kitchen” giving maturation
rates for oil window and gas window, seal rock, etc. A certain “P”
ratio is assigned accordingly as one approaches the number 1.00 which
would be absolute maximum value. As Ps increases, the Probability of success
for finding hydrocarbons increases to the absolute theoretical maximum
of 1.00. As these boundary conditions are addressed the Ps goes up.
Proprietary Methodologies, Practices and Technologies
Planned
In-house Remote Sensing
Remote Sensing is a geological tool using satellite imagery (e.g., Landsat)
to identify geological features and hydrocarbon indicators, which increase
the probability of locating productive areas. Examples include high altitude
photography, SLR (side looking radar studies), and other remote vehicles
to predict the geographic bounds of a target region. This method is often
used as a first pass for analysis in new frontier basin plays. For example,
one can predict by changes in tonal and color changes the presence of
hydrocarbons in the geographic boundaries of this type of usage. PEG uses
satellite remote sensing techniques to analyze data collected from the
application of microwave, radio metrics, Exban Radar, thermal infrared,
and long and short spectrographic reflectance.
In-house
Geochemical
Geochemical Analysis is a direct hydrocarbon predictor where one takes
soil sampling from the field for analysis of hydrocarbons. One can use
this method to detect bitumen and erogen type I and terogen type II and
TOC (Total Organic Content), which is a hydrocarbon indicator of subsurface
petroleum deposits.
Seismic
Attribute Analysis
Seismic Attribute Analysis and geophysical studies is a HCI (Hydrocarbon
Indicator) used as a geophysical set of tools in conjunction with seismic
3-D/2-D surveys. Examples include AVO (Amplitude vs. Offset) analysis
studies, seismic inversion (for detection of stratigraphic type plays),
amplitude anomalies such as Maximum negative amplitudes (for presence
of hydrocarbons in offshore areas of deposition), RMS (root-mean-square)
amplitude for offshore identification of potential hydrocarbon reservoirs,
etc.
Investment Model: Proprietary Prospect Analysis Methodology
(PPAM)
PEG developed a Proprietary Prospect Analysis Methodology, which the Company
uses to analyze all potential opportunities whether they originated from
the Company’s own exploration activities or were derived from strategic
partners, promoters or land owners. PEG creates a “Dossier”
for each potential project and puts it through a rigorous analytical methodology
matrix, using several exploration technologies, statistical analysis (of
similar or regional prospects), risk evaluation, financial modeling, etc.
Geological Modeling
Geological Modeling involves constructing a “model” to build
a conceptual 3-D visualization of an area which may have structural or
stratigraphic components with entrapped hydrocarbons. Geological Modeling
can be tested against other models to determine varying parameters, which
in turn can help hone in on the presence of petroleum deposits. For example,
PEG could use a carbonate bank or ramp as a model to explain a “look-alike”
to the Persian Gulf carbonate ramp, which will serve a model for the presence
of hydrocarbon in a carbonate regime.
