JSC Ukrgazvydobuvannia begins to use a new technology for Ukraine’s basin analysis and modeling of hydrocarbon systems for prospecting and exploration of hydrocarbons, the company’s communications department said.
“Basin modeling is another step towards reducing risks, primarily drilling. Thanks to this technology, we will be able to improve the accuracy of risk assessment both for individual promising objects and for large geological structures in order to increase the resource base and production of Naftogaz,” Director of the Naftogaz Exploration and Production Division Oleksandr Romaniuk said, whose words are quoted in a press release on Thursday.
The company explained that based on the analysis of spatial dynamic 4D models of hydrocarbon systems, the company will predict risks, calculate the cost of projects and make decisions on production plans, in particular, drilling new wells.
The company plans to use basin analysis to assess the oil and gas potential of the Black Sea areas, prospect for hydrocarbons in the Carpathian fold belt and additional exploration of licensed areas in the Dnipro-Donetsk basin, the report says.
In UkrNDIGas, a research division of Naftogaz, the new direction is headed by Felipe Rodriguez, who has over 20 years of experience in the basin analysis industry and has worked on the development of oil and gas deposits in a number of countries, in particular, in BP, Repsol and Cepsa companies.
As the company said, the technology of basin modeling is actively used by the leading international oil and gas companies ExxonMobil, Shell, BP for forecasting and planning exploration and development processes.