New Oil Exploration Technology
Rex Virtual Drilling ("RVD") is a highly advanced, proprietary technology based on a set of computer algorithms for seismic data analysis to identify the presence of liquid hydrocarbons. The technology does not require other methods of seismic data collection nor costly machinery and technical equipment, and is most effective with conventional high quality, 3D seismic data. The RVD results are integrated into the conventional prospect de-risking process.
Increasing Use Of Direct Hydrocarbon Indicators
The use of direct hydrocarbon indicators during oil exploration campaigns is becoming more commonplace. With the direct hydrocarbon indicator RVD, the oil exploration success rate can be significantly increased from the global average of 10-15% and so is the ability to identify and focus on drilling for larger liquid hydrocarbon reservoirs.
Seismic Data Analysis
RVD is different from other direct hydrocarbon indicators in the market; this new oil exploration technology bases its functionality not on reflection seismic analysis, but rather on the observation of resonance attributes in the seismic data sets. The efficacy of RVD has been tried and tested many times in various geographies around the world through blind tests, live tests and actual drilling campaigns.
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