Secretary General of the organisation, Mr. Abdalla Salem El Badri, made the call in Iran, noting that for more than a century, new technologies have changed the way reserves are identified, developed and produced, leading to a massive growth in reserves and supply
He said in terms of exploration, technology has improved the quantity and quality of information available about different geological structures, enhancing the likelihood of finding oil and gas, and extending the reach of surveyors, geologists and explorers into new frontier areas.
The OPEC scribe said “many new tools allow us to find deeper and harder-to-reach fields. Part of this has been the result of improvements to sub-surface imaging of deep and complex horizons”.
He said the enhanced 3D technology, for example, has made it possible to see through thick salt layers and that the technology has enabled important discoveries like those off the coast of Brazil.
Another new technology, according to him, is the cablefree land seismic data acquisition, which can be especially useful since it can reduce the costs of on-land seismic data collection.