Atacan Energy assesses the exploration potential of fields and
basins, conducting prospect and play analyses and evaluating the
potential of international concessions. We maintain a comprehensive
suite of geoscientific software and use it extensively. That
versatility offers more flexibility to clients with G&G data
populated throughout any one of several commercial software
programs. Atacan Energy applies risk-assessment expertise to
undrilled prospects and trends. In some cases, Atacan Energy
performs original geophysical mapping and basin-modeling work. In
any assessment of an exploration prospect, we adopt a method of risk
analysis, bring objectivity and consistency to portfolio valuation
and apply discriminating economic criteria to prospect
selection.
Most projects begin with some geotechnical determination of the
maximum, minimum and most likely ranges of various reservoir
properties such as bulk rock volumes, net-to-gross ratios,
porosities, hydrocarbon saturations and recovery factors. For
undrilled prospects, this information is often produced by
integrating seismic interpretation with regional geologic data. Once
the magnitude of a prospect is estimated for a range of successful
cases, we consider the probability that one or more of the necessary
conditions for success is missing. We also apply geologic risk
factors that include trap risk, reservoir risk, source risk and
timing and migration risk. Risking a prospect portfolio allows a
company to balance the cost of an exploration program against the
economic potential of an oil or gas discovery.