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Geo-Science Sector

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GEO-SCIENCE SECTOR

Overview


Overcoming geological uncertainty has been a constant challenge for companies in the Oil and Gas sector. Generally the oil and gas exploration business comprises of four major phases. During the first phase, known as basin analysis, activities are carried out to decide whether to enter an exploration activity. In the second phase, known as exploration, activities are carried to assess the potential and the characteristics of the hydrocarbon reservoir discovered in the exploration phase. In the development phase, the activities involving design and building of the facilities required to extract the hydrocarbons are concluded, after which the productions of oil and gas begins at the wells. In each of the phases, a tremendous amount of data is collected and processed. In fact, there has been an exponential increase in the amount of information collected and processed.

The geosciences are concerned with understanding earth processes and the evolutionary history of Earth. Geoscientists work to discover and develop natural resources such as groundwater, metals, and energy sources; to solve technology-related environmental problems such as acid mine drainage and waste disposal; to predict geological events, such as the occurrence of earthquakes and volcanism; and to solve fundamental questions concerning the origin and evolution of Earth and life.

Understanding geological processes circumstantiates our understanding of the environment in which we live. These processes form the surface of the Earth and affect:

• Soil type

• Soil depth

• Climate (through the building of mountains by plate tectonic processes)

• River patterns

• Types of vegetation (as these also depend on the chemistry of the soils, controlled by the local geology).


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