Petroleum Exploration Process Timeline

PETROLEUM EXPLORATION PROCESS TIMELINE SEISMIC PROCESSING AND INTERPRETATION DATA ACQUISITION EVALUATION AND RANKING OF OPPORTUNITIES EXPLORATORY DRILLING ANALYSIS OF RESULTS 1 FIELD GEOLOGY 5 DATA PROCESSING 10 DISCOVERY 12 RESERVES 2 SEISMIC DATA ACQUISITION 6 2D & 3D INTERPRETATION PETROLEUM SYSTEM ANALYSIS 3 AERIAL MEAUSUREMENTS 7 CARTOGRAPHY AND INTERPRETATION OF OPPORTUNITIES 11 PRODUCTION TEST 13 PRODUCTION 4 STRATIGRAPHIC WELLS 8 ECONOMIC EVALUATION 9 PROSPECTS RANKING 100 Untsked Relative Prndetation Min unrisked: 8.01 Max unr iske d: 188 ©2014 CARLOS RAMOS VELASQUEZ