Oil Exploration Software
Oil exploration software is used to help locate potentially viable oil reservoirs. Geophysicists use oil exploration software in conjunction with physical methods. The physical methods used to obtain data include seismic, magnetic, gravity, electric, and electromagnetic measurements to detect physical differences between rocks that contain ore deposits or hydrocarbons and those that do not. This data is inputted into oil exploration software and analyzed mathematically to determine the presence of and the estimated amount of oil.
The oil exploration software uses a database to store the data collected and data processing to process the data into usable information for the oil company. It can produce reports and projections for the potential oil reserve and make them available to all team members within the oil company. These reports can include information on sales, production, projected life of the oil well, and employee information. The company can use those reports to make the necessary changes in the office and the work site that's needed to make the company run more efficiently and profitable.
It can also produce 2D and 3D maps to indicate the location of the oil in the earth. The maps can be used to help monitor the environmental impact the drilling will have on the area. They can also be used to help the engineers decide the safest location to drill. It will help them to avoid drilling in steep or weak areas of the earth. This information will allow the oil company to experience less injuries and equipment failures due to unstable terrain. The maps can also help the oil company reduce damage to the environment by providing drilling paths to the oil that will offer the least resistance, which will minimize damage to the earth.
Oil exploration software can be customized for the specific needs of the oil company. A qualified sales representative at an oil exploration software provider can assist in helping the oil company purchase the software they need with the features that they want. The software can also be updated for future growth of the oil company and to accommodate any changes in state and federal regulations. While oil exploration software can be rather costly, it is invaluable to the success of an oil company.
North American Palladium
The North American Palladium is a mining company whose home office is in Toronto Canada. This company is involved in the exploration of not only Palladium but also, other metals such as, gold, nickel, copper, and platitinum. The company formed in 1968 and was known as...