No sector of the Oil and Gas exploration and production industry has been enhanced as much as the offshore sector. With today’s advanced geological and geophysical technologies reserves are being replaced faster and more cost-effectively than ever before. Now geologists and geophysicists can explore broader areas and evaluate more data with more accuracy.
Innovative analysis, visualization and automation tools make it easier to spot and validate offshore reservoir characteristics and optimize drilling targets across areas covering thousands of square kilometers.
To succeed in the demanding environment of offshore exploration and deepwater drilling, oil companies are utilizing newly developed technologies and services that reduce risk, help them understand their reservoirs, increase operational efficiency, and assure peak production. These new technologies include advanced drilling systems for drilling through salt, cost-efficient formation evaluation services from complex geologies, leading systems for HP/HT completions, and chemical programs to assure flow and control corrosion. Although water depth itself is not a problem for formation evaluation, the dramatic change in geological environment and the physical attributes of that environment are demanding. Unconsolidated sands, thinly laminated sands, and heavy oil in deepwater plays can create significant evaluation challenges. Other considerations are correlation with 3D seismic data to better determine reservoir size, time depth modeling to improve the drilling process and event recognition, and the critical evaluation of type and quality of hydrocarbons in place.

	Finally, the determination of reservoir quality, hydrocarbon volumes and producibility in potentially macro-scale reservoirs are important parameters for a successful development program. Information value and operational efficiency are paramount because rig costs can exceed US$ 300,000 per day.
Tricoastal Oil & Gas Ltd.'s working in conjunction with its primary partners is helping to bring these 21st century technologies and procedures to the new developing frontiers of oil and gas exploration.