Stock Info
Stock Price: $0.04Volume: 2,000
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Production Stats
Well Status
- Producing
- Shut In
Daily Production
- Oil
- Gas
At Tekoil, we believe that an upfront investment in the proper technology pays off in the long run.
One technology we heavily rely upon is 3D seismic imaging. 3D seismic imaging is a cost-efficient alternative to additional drilling as it helps to significantly decrease the risk of drilling non-producing wells.
3D seismic imaging uses sound waves to help our geoscientists determine the location of oil and gas reservoirs. The sound waves bounce off the different layers of the earth’s subsurface and detect the geologic changes between wells, allowing us to effectively map the exploration area.
With an investment in 3D seismic imaging technology, we receive in return fewer dry holes, more optimized well locations, guidance for horizontal drilling and an accurate understanding of our prospects.
The follow annimation is an illustration of how 3D Seismic imaging works:
During the decade of the 1990’s wide spread use of 3D seismic, has dramatically improved the drilling success of most oil and gas companies worldwide. This process, similar to an Ultrasound or MRI in the medical field, provides a three dimensional image of the geological formations to depths exceeding 20,000 feet. Conventional interpretation of these images by geoscientists reveals the hidden traps containing oil and gas fields. Today, we are processing this data using advanced computer algorithms to reveal even more about the characteristics of the reservoirs rocks that hold the hydrocarbons. One of these processes, Seismic Inversion, can actually reveal the porous fabric of limestone rocks, which ultimately determines the rate that a particular well will produce. When this information is properly combined with other advanced studies, accurate predictions of where to drill can be made with high confidence. This technology improves the chances that oil can be commercially produced where previously the reservoirs proved to be to complex to yield economic recovery. These technologies are now opening frontiers for oil and gas development in areas thought too complex and in reservoir systems by passed in many mature oilfields by earlier drilling.