Due to the current economic downturn, especially the lower crude oil price, the drilling success rate become the most important goal for any oil/gas company. For a start-up company, any failure in drilling will be a disaster. To this end, the Deep Treasure Corp wishes that through the combination of mature hydrocarbon prediction techniques and new research results in seismic inversion, the success rate of hydrocarbon prediction, the theoretical basis for well placement can be provided in Roncott field, which will improve the success rate in drilling. The University of Calgary is one of Canada’s top research institutes, especially in the areas of exploration geophysics, seismic data processing and petroleum engineering. On the other hand, Deep Treasure Corp, with a short operating history, is lack of expertise in . The company will collaborate with researchers from University of Calgary to access the most up-to-date research results in seismic waveform inversion, and the most advanced technology available in precise well placement, so that the drilling success rate can be improved to reduced drilling cost and environment impact.
University of Calgary
Oil and gas
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