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Risks and Values of Onshore and Offshore drilling project (Example)

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Risks and Values of Onshore and Offshore Drilling Student’s Name Professor’s Name Date Risks and Values of Onshore and Offshore Drilling Value of GIS Geographic information system (GIS) is a dynamic tool and technology used to display the map of anyplace in the world and rescale the map instantly. The tool can be integrated in computer systems and due to increased performance and decreases of computer systems the use of GIS has increased. Successful exploration exploitation and completion stages in oil can be achieved through an integrated system of the members database and other software functions used in oil exploration. GIS is thus effective in providing a platform for the integrated systems and members (Xiaohong Yanlin Jilin Zhihua & Xin n.d). For instance it provides functionality for all disciplines and a link to other programs. Another example is the use of GIS in exploration application which involves development of L. & Zhang Y. B. (2008). Construction of the spatial database of chinese environmental geological map system by GIS [J]. South-to-North Water Transfers and Water Science and Technology  6(6) 23-28. Liu X. Meng L. & Gong W. (2003). Application of geographic information system (GIS) to the exploration and development of oil and gas. Geospatial Information  1(2) 12-16. Shenghou H. & Zhongya W. (2002). The theory and practice on digital oil field. Geography and Territorial Research  18(2) 5-7. Tanaka S. Okada Y. & Ichikawa Y. (2005). Offshore drilling and production equipment. Civil Engineering Encyclopedia of Life Support Systems (EOLSS). Oxford: Eolss Publishers. Recuperado de www. offshorecenter. dk 5B1% 5D. pdf. Xiaohong X. Yanlin S. Jilin F. Zhihua S. & Xin X (n.d). The Application of GIS in The Digital Oilfield Construction. Xuefeng L. Zhen-ming H. & Youbin H. (2008). The Oil and Gas Exploration Aid Decision-making Based on GIS: Principles Methods and Applications [M]. [...]

Order Description:

Prepare a 5 page (I am not concerned about policing your line spacing, type size or margins - just be reasonable) analysis that addresses the following prompt in two sections, one section for onshore wells and another for offshore wells: 1. Your management wants to better understand the value you bring to the company as a geospatial analysis professional - your audience is a high-level, technically-educated management team - keep the tone professional and concise. 2. How does the application of GIS in the drilling and completion process (which includes choosing the details of well location and design) decrease risk (the probabilities as described in Module 3)? 3. How does the application of GIS in the drilling and completion process (which includes choosing the details of well location and design) maximize value (the maximum NPV as described in Module 3)? In both scenarios, if you have access to specific examples by virtue of your own professional experience, this may be useful here. Even if you don't, simply thinking clearly about the various components and stages of the process will be most helpful. The case you make is the most important part of your response to these prompts. helpful videos

Subject Area: Geology

Document Type: Reports

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Price $40

Words 1375

Pages 5

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