RSDD-H Surveys can help you to:
Every explorer starts his campaign with a piece of geography and hopefully a piece of geology!
From this, work programs and expenditure paths are decided.
Each step has a finite cost both of time and money. Taken to the end point there will be either:
a) new discoveries and added proven reserves.
or
b) an exploration write-off cost.
RSDD-H can find more hydrocarbons for reduced expenditure.
A typical scenario for a full cycle exploration venture would be a 5 year program as follows.
RSDD-H COST BENEFIT ANALYSIS
| Phase | Year | Exploration Activities | Typical 100% Costs | RSDD-H Program | RSDD-H Benefits |
|---|---|---|---|---|---|
| Pre- Licensing | 1 | Regional Play Development: G&G and Data Package Purchases | $1-3M | Regional Screening $250k-500k | Spend less because you accelerate the focussing |
| Pre- Licensing or TEA Option | 2 | Acreage Acquisition Bonuses & Reconnaissance Play Development G&G (Aeromag, gravity etc) | $2-10M | Licence Block IEFA Hybrid Surveys $250k-500k | These will be reduced as you will be bidding ahead of the competition |
| Full Licence First Term | 3 | Prospective Leads Development 1st Seismic: Regional 2-D | $5-15M | Hi Resolution top IEFA Surveys $ca.150k-250k | Reduce the areas needing to be covered with seismic therefore reduce costs |
| Full Licence First Term | 4 | Prospect Development Infill 2-D and/or 3D Seismic | $5-25M | Minor Prospect Location Infills Ca. $50k each | As above reduced area reduce costs |
| Full Licence First Term | 5a | Drilling Stage 1 One to Two Wells | $5-25M | None | Reduce your Risks = Fewer Dry Holes |
| As above | 5b | Drilling Stage 2 One to Two Wells | $5-25M | None | Drilling Stage 2 One to Two Wells |
| Total Program | Add ca. $1m for RSDD-H surveys; save ca. $5-10m on unnecessary seismic and possibly avoid one dry hole at ca. $5-12.5m | Reduce by ca. $10-22.5m | Increase by ca. $1m | Net saving of approximately $9-21.5m (5) Possibly improve success ratio from 2 out of 4 wells to 3 out of 3 wells |