Abstract: An improved methodology for managing hydrocarbon exploration of at least one prospect. The methodology involves iterative processing that allows decision makers to iterate on assumptions and refine underlying probabilistic models as well as optimize the set of recommended exploration activities that are to be performed over time as additional knowledge is gained.

Abstract: The invention provides a system and method for integrating petroleum system and geomechanical computer models for use in oil and gas exploration. In one embodiment, the invention provides a petroleum system model capable of analyzing data relating to a subterranean formation and calculating the geometry and geochemistry of each layer of the formation through geologic time. The present invention also provides a geomechanical model in communication with the petroleum system model such that information concerning each layer of the subterranean formation may be shared and cross-referenced as an iterative operation prior to the analysis of subsequent layers. At each step of the iterative operation, results are calculated, validated, and cross-referenced in order to produce improved reliability estimates of petroleum charge and mechanical seal integrity for the subterranean formation.

Abstract: The invention provides a system and method for integrating petroleum system and geomechanical computer models for use in oil and gas exploration. In one embodiment, the invention provides a petroleum system model capable of analyzing data relating to a subterranean formation and calculating the geometry and geochemistry of each layer of the formation through geologic time. The present invention also provides a geomechanical model in communication with the petroleum system model such that information concerning each layer of the subterranean formation may be shared and cross-referenced as an iterative operation prior to the analysis of subsequent layers. At each step of the iterative operation, results are calculated, validated, and cross-referenced in order to produce improved reliability estimates of petroleum charge and mechanical seal integrity for the subterranean formation.

Abstract: An improved methodology for managing hydrocarbon exploration of at least one prospect. The methodology involves iterative processing that allows decision makers to iterate on assumptions and refine underlying probabilistic models as well as optimize the set of recommended exploration activities that are to be performed over time as additional knowledge is gained.