London, United Kingdom, 29th April 2010 – Exprodat today announces the release of version 201 of Exploration Analyst, a toolkit for building common risk segment maps for use in exploration play fairway analysis. With Exploration Analyst petroleum E&P companies can improve their understanding of play risk, reduce technical uncertainty and significantly reduce technical evaluation cycle times.
Exploration Analyst is an ArcGIS extension for creating common risk segment maps of basins and play fairways. Multiple input layers from disparate sources (e.g. depositional environment, paleogeography, etc.) can be used as proxies and rapidly assigned numeric risk values in order to create risk maps for key play system elements such as reservoir, source and seal, which can then be combined into a common risk segment model. With Exploration Analyst you can better understand play extents, spatial risk distributions, identify ‘sweet-spots’ and ultimately develop and refine play investment strategy.
Exprodat’s Technical Director, Chris Jepps, says, “Since its release last year we’ve continued to use client feedback as our driver for enhancing the product. In this version there are a number of usability features designed to shorten the workflows within the tool, as well as new functionality such as being able to calculate ‘combination’ probabilities in order to model the chance of any of a number of factors occurring. In a fairly short time we’ve been able to produce a version of the product that makes it even easier for our customers to create common risk segment maps from geological data.”
Exprodat’s software suite is made up of a number of extensions to ESRI’s ArcGIS Desktop that provide ‘out-of-the-box’ functionality designed specifically for the needs of the petroleum sector. The software is data independent and allows E&P companies to integrate vendor data with in-house datasets for use in GIS-based spatial analysis.
ArcGIS is a scalable family of software products comprising a complete geographic information system (GIS) built on industry standards. ArcGIS is used for the creation, management, integration, analysis, display, and dissemination of spatial data. Visualization, editing, and analysis, along with advanced data management, distinguish the ArcGIS software family as the leading GIS software. Much more than a specialized offering for a small niche of specialists, ArcGIS is designed as a scalable system that can be deployed in every organization, from an individual desktop to a globally distributed network of people.