Abstract

Essentially all companies involved in oil and gas exploration and development must account for the various geologic risk factors associated with their specific prospects. Since seismic data (calibrated with well control if available) are a primary interpretation tool to determine these risk factors, the presence of seismic amplitudes that are potentially associated with oil or gas pays is extremely important. However, interpreters evaluating prospects have had to inherently know how seismic amplitudes impact the geologic chance factors and ultimately the probability of drilling success (Pg).

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