Phase 1 is Complete - What did we Learn?
The Size of the Prize - it's bigger!
Working "bottom up" to take an OMF PLC view
Based on data from the public domain, OGA's Open Government Licence data sets and non-commercial data sets contributed by SIG members and other OMF stakeholders an enlarged Prize is emerging.
Prior to the SIG starting its work there was about 1bn boe of Contingent Resources and Risked Prospective Resources. The number is now over 2bn boe.
The Nature of the Prize - it is diverse!
Prior data sets were deceptively simple.
The SIG's Phase 1 work has shown that previously available data sets and resource characterisation did not mirror reality and did not seek to characterise the opportunities sufficiently well to allow solution screening and matching.
The Location of the Prize
Mapping functionality delivers geographic insight.
The Phase 1 product set allows easy screening of resource characteristics and GIS mapping of output.
Phase 2 - Removing Barriers
Unlocking over 2bn boe is a huge task
"There's no point trying to boil the ocean"
The OMF clearly has a substantial prize on offer, but unsurprisingly in such a mature basin it is not sitting in one single reservoir waiting to be discovered.
With a prize as complex and interrelated as the OMF the SIG has broken the tasks down into "bite sized" chunks that will build together to deliver the prize.
"There's no point exploring for more Small Pools if you can't develop the ones you've got."
Wise SIG Member
Unlock the Barriers you most fully understand and then use those learning.
Phase 2 work streams are set up to focus effort on the basin's 90+ unsanctioned discoveries to holistically assess their barriers, seek solutions and feed the learnings back to the exploration portfolio.
Themes and Cross Cutting Initiatives
OMF Potential sits in Small Pools, Sour and Heavy Oil
By taking Thematic approach SIG has been able to focus on real barriers, remove perceptions and unlock resources.
Know where your opportunities are
Identify strategic directions
Where opportunities sit relative to your hub should drive your strategies.
Know what your opportunities are
Not all fluids are equal
Fluid type and hence developments schemes have directionality too. Also can show you what you know is there, but you are missing the data.
OMF SIG is Collaborative
To deliver an MER UK Area Plan for the Outer Moray Firth it needs diversity of perspective.
Phase 1 Membership
From Promote to Mature Asset Operators.
This set of companies brought a great deal of knowledge and data to the table that enabled the SIG to gain its unique insight into the basin's potential - our thanks to them all.
Phase 2 - Why Not Join Us?
Phase 2 is now starting - time to join in.
If you think you know the OMF - think again. Phase 1 demonstrated that to those who actively work the basin. If you want to gain from what the SIG learnt from Phase 1, then now is your opportunity.
The Database
It is the richest database ever commercially produced on the Outer Moray Firth
and gives the OMF SIG Members unrivalled insight into the entire basin.
Prospects & Leads
Over 400 entries
Every one of the Prospects and Leads is linked back to the source documentation, and where multiple interpretations have been made they are all recorded and available.
Unsanctioned Discoveries
All Unsanctioned Discoveries included
Not only does the database include all the data from the 14 montages issued by the OGA for the 30th Round in this area, but it includes data and montages from a further 70 discoveries.
Developed Fields
A rich source of often ignored data
OMF has 79 producing fields with multiple compartments. The database researches up to 80 parameters per field. These subsurface data are often ignored in the context of exploration and appraisal assessments. The database will hold these data sets and make them available as a fully integrated product. SIG members and other licensees are contributing further data to fill in any gaps.
Integration & enrichment
Bringing the disparate data sets together
The database is configured to generate a multitude of workflow graphs, highlighting source type allowing much more context and intelligence to applied to parameter selection and uncertainty modelling.
The portal will be configured to allow inclusion of anonymised data to further enrich the SIG's knowledge.
Potential & Ranking
Where are the prospects that fit your risk appetite?
The database is configured to generate a multitude of workflow cross plots to help drive your decision making.
Reflecting Reality?
Inherited Database did not Reflect Discoveries
When the SIG started to look at available data sources for Prospective Resources it found that they did not in any way reflect the results of the Discoveries.
The new database is has been much more thoroughly researched so that it is now fit to answer the challenge.
Infrastructure
Let's not forget that you need to get product to point of sale
It is embarrassingly true that licences have been applied for and awarded in the past where the infrastructure required will not be there when needed! This data set will include refreshed data and new data out with the standard ICOP issued data.
Let's keep the lights on.
