21st-Century Oil and Gas Industry Research and Practices: New Petro-Geological Teaching

The article discusses a new approach to the processes of oil formation. The author offers his own paradigm, or angle of vision into origin and life (space-time dynamics) of an oil and gas play. Special attention is paid to the analysis of risks and uncertainties in the petroleum business. The 21st century has been marked by many unexpected events to humanity in various spheres of life and economics, including oil and gas industry. While petroleum, or crude oil, mean energy source, fuel and raw material (a feedstock) for many industrial needs, upstream oil and gas companies identify, extract, or produce raw materials. Advancements in R&D field of the “petroleum business” have largely been the primary concerns of humanity. About 70,000 oil fields have been discovered in the world, of which 1,500 are large.

 As many as 70 countries have proven oil reserves, more than 65 countries produce oil on their territory. New sources of hydrocarbons found in conventional, as well as tight and shale reservoirs have been discovered, with application of innovative methods and technologies for their extraction and utilization. In the 20th century, most scientists adhered to the organic (sedimentary-migration) theory of the origin of oil, however there were some drawbacks which with the advent of the 21st century have been translated to more contradictions and questions. For the time being, there are about a dozen different authoritative concepts (theories) of oil formation in the world, including biospheric, abiogenic, magmatic, etc. In his early career of a geologist, the author was an active supporter of the organic theory of the origin of oil. Thus, in 1962 he defended his PhD thesis titled "Geological and geochemical characteristics of Mesozoic deposits and oil and gas potential in the Ob-Irtysh interfluve", which presented the first comprehensive geochemical study of the Mesozoic of Western Siberia. N.B. Vassoevich, one of the founders of naftide genesis theory, agreed to be an opponent for this dissertation. Its importance consisted in establishing geochemical member A (in the cross-section of the Kulomza formation, which later became known as Bazhenov Formation) was recognized as oil play.


https://www.stephypublishers.com/tpe/pdf/TPE.MS.ID.000515.pdf

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