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Oil Exploration - Industry

Acronym
Upstream
Parent
Oil

Oil Explorers search for untapped Oil deposits.

Oil Exploration Technology

  • Pre 2000s
    • Explorers would look for surface rocks known to be co-located with oil formations
    • Explorers would drill vertical wells to look for oil
  • Post 2000s
    • New geophysics to better identify formations
    • New flexible drill pipes (to allow for going sideways)
    • New steerable drill bits (Can go sideways instead of just down)
    • Pressure Fracking (pressure breaks up rocks to allow more oil to come out)

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