Rocksource employees have, together with co-authors
from EMGS, published a scientific paper in The
Leading Edge, an American journal owned by the
organisation SEG (Society of Exploration
Geophysicists) with 35,000 members.
The article evaluates statistical results from wells
drilled on prospects or fields containing CSEM
(Controlled Source Electromagnetic) data. The key
finding is that the average success rate for
exploration wells drilled on prospects with a
significant CSEM anomaly is twice the average success
rate for wells drilled on prospects without a
significant CSEM anomaly.
John Howell, Chief Technology Officer at Rocksource
ASA commented: "The data provide increasing evidence
that the appropriate application of CSEM data in a
portfolio setting will improve exploration drilling
success rates in CSEM suitable areas. This empirical
data, published in a scientific journal supports
Rocksource's CSEM lead exploration strategy."
Of 86 wells with associated CSEM data, 50 are
exploration wells drilled after the acquisition of
CSEM data and 36 are calibration surveys collected to
test the technology. This represents the largest
database available to date. Of 22 calibration surveys
acquired over existing discoveries, 19 (86%) show a
significant CSEM anomaly with normalised anomalous
amplitude response (NAR) value for the fundamental
frequency above 15%. Of the remaining 14 calibration
surveys acquired over prospects that are proven dry,
13 (93%) show no significant CSEM anomaly. When
disregarding all calibration surveys, 28 out of 50
wells are discoveries. When isolating wells drilled
on prospects with a significant CSEM anomaly, 21 out
of 30 exploration wells are discoveries. For
exploration wells drilled on prospects without a
significant CSEM anomaly, 7 out of 20 wells are
discoveries. This provides a success rate of 70% for
wells drilled on prospects with a significant CSEM
anomaly, whereas it drops to 35% for wells drilled on
prospects without a significant CSEM anomaly.
For further information on the scientific article,
please contact Jonny Hesthammer, Chief Technology
Officer in Rocksource ASA's subsidiary Rocksource
Geotech, at +47 99 20 59 89.
The presentation is attached to this stock exchange
notice, and it will also be published on the
company's web-site www.rocksource.com.
Oslo, 14.1.2010
Rocksource ASA
Trygve Pedersen
CEO
+47 90 09 77 41