Oil and gas companies use exploration software to identify and evaluate deposits in order to decide either to start extraction or not. Exploration software helps oil and gas companies determine the size, accessibility, and overall feasibility of deposits. By using exploration software, oil and gas companies can start planning extraction operations and prepare an infrastructure that ensure the safety of their personnel. Exploration software is an important tool for hazard identification and risk assessment.
For accurate exploration data, exploration software integrates with geology and seismic software solutions. Integration with oil and gas simulation and modeling can also help companies create and compare scenarios for optimal extraction and production strategies.
To qualify for inclusion in the Exploration category, a product must:
IHS Kingdom software provides you the functionality needed for your portfolio management from prospect to production, with interpretation to microseismic analysis and geosteering resulting in interpretation and modeling sharing of data and more decision making.
Petrosys provides a powerful connectivity of Petrosys mapping and surface modeling means that geoscientists and engineers can move easily between the wide range of technical and commercial challenges encountered across all stages of the petroleum exploration and development cycle.
The Paradigm Sysdrill integrated suite of well planning and drilling software solutions helps operating and drilling service companies enhance well planning accuracy, reduce drilling risk and uncertainty, quantify wellbore position and precision, and improve drilling safety.