The MPG 4-Point Risk Assessment Process
It almost goes without saying that all drilling projects involve a certain degree of uncertainty. In order to achieve a conservative level of risk for most projects, MPG takes the following physical factors into consideration:
By using 3-D seismic technology to look deep into the ground, structural risk can be substantially reduced for success rates that approach 80% or higher.
Reservoir Formation Quality
Expert reservoir engineering techniques along with vast databases of comparative geologic, petrophysical, and engineering information are used to produce detailed forecasts of formation permeability with a best-of-breed 97% accuracy rate.
Hydrocarbon Detection and Migration
In areas where reservoir formation information is less valuable, surface geochemical surveys of microseepage patterns and microbial anomalies can be used to indicate the presence of oil or gas.
The actual size and volume of the oil or gas deposit is also evaluated using a combination of technologies to determine if exploration and development are feasible.