Good Data-A Requirement For A Good Reserve

Quite often the reserve assessor becomes enamored with the numbers gen- erated and forgets the basis for his assessment. The quality of the assess- ment can only be as good as the quality of the input data. The use of seismic data from the Gippsland Basin in assess- ing Esso/BHP's oil and gas reserves is an excellent example of this principle. By significantly improving the quality of seismic data, a much more reliable estimate of a field's reserve potential can be made. In addition, it provides the basis for further delineation drill- ing which, as recent experience in Gippsland has shown, often leads to increased reserves.