{"id":10154,"date":"2020-02-27T11:48:24","date_gmt":"2020-02-27T11:48:24","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=10154"},"modified":"2022-09-07T02:53:52","modified_gmt":"2022-09-07T01:53:52","slug":"why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance","title":{"rendered":"Why excelling in stratigraphic trap exploration is now the key to top quartile performance"},"content":{"rendered":"

More oil and gas were discovered in stratigraphic traps than any other trap type in the last decade.\u00a0 Excelling in stratigraphic trap exploration is now the key to top quartile exploration performance.<\/p>\n

In a new report* Westwood has analysed stratigraphic trap exploration between 2008 and 2019 in 66 basins and 113 different plays. It found that 35 bnboe has been discovered in clastic stratigraphic traps since 2008, comprised of 22 bnboe (132 tcf) of gas and 13 bnbbl of oil. \u00a0Seventy five percent of the oil resources and 95% of the gas resources were discovered in deep water.<\/p>\n

\"\"
\nOil and gas commercial resources discovered in stratigraphic traps since 2008 in basins with more than 5 stratigraphic trap tests
\nSource: Westwood Wildcat & Google Maps<\/h6>\n

The most prolific basins were Suriname-Guyana, the MSGBC, the Rovuma-Rufiji and the Colville, where major new plays dominated by stratigraphic traps emerged in the period.\u00a0 Upper Cretaceous aged stratigraphic traps delivered 42 commercial discoveries, with a total of 9 bnbbl of oil and 39 tcf of gas, of which 7 bnbbl of the oil is in the Suriname-Guyana basin and 20 tcf is in the MSGBC basin.\u00a0 Oligocene aged plays delivered 7 commercial discoveries with a total 40 tcf of gas – of which 36 tcf was in the Ruvuma basin in Mozambique.<\/p>\n

There were also notable disappointing campaigns targeting stratigraphic traps in the Carnarvon, Sierra Leone-Liberia and Central North Sea basins from which important lessons have been learned.<\/p>\n

Stratigraphic traps had a larger average discovery size of 280 mmboe, and a lower drilling finding cost of 0.5 $\/boe, compared to other traps types in the period. \u00a0Stratigraphic traps had a commercial success rate (CSR) of 32%, in line with other trap types.\u00a0 The evidence shows they are not higher risk than other traps, contrary to many explorers\u2019 preconceptions.<\/p>\n

\"\"
\nCommercial oil and gas resources, average commercial discovery size and drilling finding cost by trap types<\/h6>\n

Industry is also getting better at exploring for stratigraphic traps with the CSR increasing to 50% in the 2017-2019 period from 21% between 2014-2016. The more effective use of seismic attributes and better integration with geological models has had an impact in some basins.<\/p>\n

Marine turbidite sandstones in stratigraphic traps in passive margin settings were the most targeted delivering 31 bnboe (90%) of discovered commercial resources. \u00a0For marine turbidite plays, stratigraphic traps on graded slopes in the lower slope to basin floor settings performed best in terms of both discovered volumes and success rates.\u00a0 Finding stacked traps or extensive traps was key to commercial success.<\/p>\n

\"\"
\nCommercial oil and gas resources, average commercial discovery size by location on the slope<\/h6>\n

Commercial deep-water standalone discoveries of >300 mmbbl in clastic reservoirs are now most likely to be found in stratigraphic traps and traps with stratigraphic components. Excelling in stratigraphic trap exploration is a must for today\u2019s exploration companies and Westwood\u2019s new report points the way.<\/p>\n

Keith Myers<\/strong>, President Research<\/em>
\nkmyers@westwoodenergy.com<\/p>\n

 <\/p>\n

For more information on the report, click below.<\/p>\n

*Clastic Stratigraphic Traps \u2013 What has Driven Exploration Performance?<\/a><\/h4>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

More oil and gas were discovered in stratigraphic traps than any other trap type in the last decade. Excelling in stratigraphic trap exploration is now the key to top quartile exploration performance.<\/p>\n","protected":false},"author":6,"featured_media":10159,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[353,347,337,48,335,334,336,49,325],"tags":[382,376,381,165,58,378,380,377,379,375],"class_list":{"0":"post-10154","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all_articles","8":"category-exploration-and-production","9":"category-global-ea-subsectors","10":"category-news","11":"category-sectors","12":"category-solutions","13":"category-subsectors","14":"category-westwood-insight","15":"category-wildcat","16":"tag-carnarvon","17":"tag-clastic-traps","18":"tag-colville","19":"tag-discovery","20":"tag-exploration","21":"tag-oil-reservoir","22":"tag-rovuma-rufiji","23":"tag-stratigraphic-traps","24":"tag-suriname-guyana","25":"tag-traps"},"acf":[],"yoast_head":"\nWhy excelling in stratigraphic trap exploration is now the key to top quartile performance - Westwood<\/title>\n<meta name=\"description\" content=\"In a new report* Westwood has analysed stratigraphic trap exploration between 2008 and 2019 in 66 basins and 113 different plays. It found that 35 bnboe has been discovered in clastic stratigraphic traps since 2008, comprised of 22 bnboe (132 tcf) of gas and 13 bnbbl of oil.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why excelling in stratigraphic trap exploration is now the key to top quartile performance - Westwood\" \/>\n<meta property=\"og:description\" content=\"In a new report* Westwood has analysed stratigraphic trap exploration between 2008 and 2019 in 66 basins and 113 different plays. It found that 35 bnboe has been discovered in clastic stratigraphic traps since 2008, comprised of 22 bnboe (132 tcf) of gas and 13 bnbbl of oil.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance\" \/>\n<meta property=\"og:site_name\" content=\"Westwood\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-27T11:48:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-07T01:53:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2020\/02\/Stratigraphic-Traps-Header-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oliver Solly\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oliver Solly\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance\",\"url\":\"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance\",\"name\":\"Why excelling in stratigraphic trap exploration is now the key to top quartile performance - Westwood\",\"isPartOf\":{\"@id\":\"https:\/\/www.westwoodenergy.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2020\/02\/Stratigraphic-Traps-Header-scaled.jpg\",\"datePublished\":\"2020-02-27T11:48:24+00:00\",\"dateModified\":\"2022-09-07T01:53:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/25106e618fd78071c4e90fd187d478b6\"},\"description\":\"In a new report* Westwood has analysed stratigraphic trap exploration between 2008 and 2019 in 66 basins and 113 different plays. It found that 35 bnboe has been discovered in clastic stratigraphic traps since 2008, comprised of 22 bnboe (132 tcf) of gas and 13 bnbbl of oil.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance#primaryimage\",\"url\":\"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2020\/02\/Stratigraphic-Traps-Header-scaled.jpg\",\"contentUrl\":\"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2020\/02\/Stratigraphic-Traps-Header-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Stratigraphic traps\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.westwoodenergy.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why excelling in stratigraphic trap exploration is now the key to top quartile performance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.westwoodenergy.com\/#website\",\"url\":\"https:\/\/www.westwoodenergy.com\/\",\"name\":\"Westwood\",\"description\":\"Westwood Global Energy Group\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.westwoodenergy.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/25106e618fd78071c4e90fd187d478b6\",\"name\":\"Oliver Solly\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22108f813070679c70eab42ab5c3c925dcf02729845a472865c6b1202143b0aa?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22108f813070679c70eab42ab5c3c925dcf02729845a472865c6b1202143b0aa?s=96&d=mm&r=g\",\"caption\":\"Oliver Solly\"},\"url\":\"https:\/\/www.westwoodenergy.com\/author\/olliesolly\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why excelling in stratigraphic trap exploration is now the key to top quartile performance - Westwood","description":"In a new report* Westwood has analysed stratigraphic trap exploration between 2008 and 2019 in 66 basins and 113 different plays. It found that 35 bnboe has been discovered in clastic stratigraphic traps since 2008, comprised of 22 bnboe (132 tcf) of gas and 13 bnbbl of oil.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance","og_locale":"en_GB","og_type":"article","og_title":"Why excelling in stratigraphic trap exploration is now the key to top quartile performance - Westwood","og_description":"In a new report* Westwood has analysed stratigraphic trap exploration between 2008 and 2019 in 66 basins and 113 different plays. It found that 35 bnboe has been discovered in clastic stratigraphic traps since 2008, comprised of 22 bnboe (132 tcf) of gas and 13 bnbbl of oil.","og_url":"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance","og_site_name":"Westwood","article_published_time":"2020-02-27T11:48:24+00:00","article_modified_time":"2022-09-07T01:53:52+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2020\/02\/Stratigraphic-Traps-Header-scaled.jpg","type":"image\/jpeg"}],"author":"Oliver Solly","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Oliver Solly","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance","url":"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance","name":"Why excelling in stratigraphic trap exploration is now the key to top quartile performance - Westwood","isPartOf":{"@id":"https:\/\/www.westwoodenergy.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance#primaryimage"},"image":{"@id":"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance#primaryimage"},"thumbnailUrl":"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2020\/02\/Stratigraphic-Traps-Header-scaled.jpg","datePublished":"2020-02-27T11:48:24+00:00","dateModified":"2022-09-07T01:53:52+00:00","author":{"@id":"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/25106e618fd78071c4e90fd187d478b6"},"description":"In a new report* Westwood has analysed stratigraphic trap exploration between 2008 and 2019 in 66 basins and 113 different plays. It found that 35 bnboe has been discovered in clastic stratigraphic traps since 2008, comprised of 22 bnboe (132 tcf) of gas and 13 bnbbl of oil.","breadcrumb":{"@id":"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance#primaryimage","url":"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2020\/02\/Stratigraphic-Traps-Header-scaled.jpg","contentUrl":"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2020\/02\/Stratigraphic-Traps-Header-scaled.jpg","width":2560,"height":1707,"caption":"Stratigraphic traps"},{"@type":"BreadcrumbList","@id":"https:\/\/www.westwoodenergy.com\/news\/westwood-insight\/why-excelling-in-stratigraphic-trap-exploration-is-now-the-key-to-top-quartile-performance#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.westwoodenergy.com\/"},{"@type":"ListItem","position":2,"name":"Why excelling in stratigraphic trap exploration is now the key to top quartile performance"}]},{"@type":"WebSite","@id":"https:\/\/www.westwoodenergy.com\/#website","url":"https:\/\/www.westwoodenergy.com\/","name":"Westwood","description":"Westwood Global Energy Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.westwoodenergy.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/25106e618fd78071c4e90fd187d478b6","name":"Oliver Solly","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.westwoodenergy.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22108f813070679c70eab42ab5c3c925dcf02729845a472865c6b1202143b0aa?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22108f813070679c70eab42ab5c3c925dcf02729845a472865c6b1202143b0aa?s=96&d=mm&r=g","caption":"Oliver Solly"},"url":"https:\/\/www.westwoodenergy.com\/author\/olliesolly"}]}},"_links":{"self":[{"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/posts\/10154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/comments?post=10154"}],"version-history":[{"count":0,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/posts\/10154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/media\/10159"}],"wp:attachment":[{"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/media?parent=10154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/categories?post=10154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.westwoodenergy.com\/wp-json\/wp\/v2\/tags?post=10154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}