Creative Petroleum Exploration. Edward A. Beaumont DPA Playmakers Forum March 31 st, 2015
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1 Creative Petroleum Exploration Edward A. Beaumont DPA Playmakers Forum March 31 st, 2015
2 Presentation Misperceptions Ideas find oil The creative process Characteristics of oil & gas finders Becoming more creative
3 Acknowledgements Ted Bear Norm Foster Dick Vincelette Doug Strickland
4 Misperceptions of Oil & Gas Exploration Uthinkido.com
5 Misperceptions of Oil & Gas Exploration Technology finds oil i.e. seismic tech Finding oil & gas is a matter of luck Skill plays a minor role
6 Out of Ideas Not Oil Parke Dickey late 1950s Invitado de Honor IV Simposio Bolivariano.1991
7 We usually find oil in new places with old ideas. Sometimes, also, we find oil in an old place with a new idea, but we seldom find much oil in a old place with an old idea. Several times in the past we have thought we were running out of oil whereas actually we were only running out of ideas. Parke A. Dickey, 1958
8 New Ideas Part of the definition of a new idea is that it will be rejected at first, Evolution teaches us that most new ideas don t work, so we learn to be against them. Big ideas do not come from groups or committees. Throughout history they have come from individuals...and normal people almost never recognize the importance of the idea until much later on. John Masters
9 New Ideas, Cont d To achieve outstanding results, new exploration concepts must be applied, and few investors are willing to accept that degree of risk. - Oil and Gas Investor, July 1, 2008 John Masters
10 Oil is first found is in the mind. -- Wallace Pratt, 1952
11 Pratt s Mental Blocks to Oil-Finding Natural conservatism of trained scientific mind Ignoring significance of what remains unknown however small our knowledge may be, tends often, not only to color, but actually to obscure what remains unknown to us
12 Definitions of Creativity Having original ideas that have value (Ken Robinson, TED lecture) The ability to bring something new into existence through imaginative skill (after Webster s)
13 Right Brain - Left Brain Model
14 Right Brain - Left Brain Model
15 The Creative Process First Insight Saturation Incubation Illumination Verification Field Sketch of folds on coast of Brittany (the lostgeologist blogspot, 2009)
16 First Insight Right Brain Function Intuitive Leap See whole picture but something is missing
17 Left brain function Gathering, sorting, & categorizing information Arduous Can take hours or years Saturation
18 Incubation Left brain falters, right takes over Feel sense of anxiety Put it away for awhile Right brain works problem subconsciously
19 Illumination Left brain becomes aware of solution Pieces fall together Ah-Ha! Moment Solution seems obvious
20 Verification Left brain process Wonder where solution came from Test the solution
21 Peach and Horne Scottish Geologists Unraveled complex geology of Scottish Highlands Peach more rightbrained Horne more leftbrained
22 Characteristics of Oil-finders
23 Characteristics of Oil Finders Question: Discuss other oil finders you know or have known. What characteristics made them oil finders? 1. Persistence is #1. 2. Enthusiasm for oil exploration. 3. Self-confidence. 4. Risk-takers. 5. Intuitive sense of where exploration opportunities exist. 6. Ability to diagnose critical elements of a play. (David Powley)
24 Survey Responses Question: Discuss other oil finders you know or have known. What characteristics made them oil finders? The scientific oil finder s characteristics, I believe, are as follows: Observant, Curious, Logical, Intelligent, Creative, Dedicated, Out-Doorsy, Risk Oriented, Independent, Derives pleasure from making order out of chaos. I hope that the above does not sound too much like a horoscope reading, but all or parts of each are needed. (Graham Curtis)
25 Empowering Your Creative Exploration Skills Find your own pathway to creativity Be prepared to be wrong Defocus your mind Learn to relax and concentrate Overcome blocks Emotional Conceptual
26 Emotional Blocks to Creativity Fear of failing Intolerance for ambiguity Prefer to judge rather than create ideas Unable to relax, incubate, sleep on it Not challenged by a problem Over-motivated to succeed quickly Lack of imaginative control, can t distinguish fact from fantasy Adams, 1985
27 Conceptual Blocks to Creativity Making mind up too quickly, not looking for alternatives Biases from previous experience Falling in love with your ideas Uncontrolled imagination False sense of security regarding geological knowledge Natural conservatism of the trained scientific mind
28 Developing Exploration Thinking Skills Remember the creative process Respect insights record them and follow them up Expect to be anxious Learn to put problem away Check ideas Max Steineke Creator of Ghawar Prospect Sell ideas Develop visual skills Learn to draw, diagram Build models Emulate oil-finders
29 Characteristics of Oil-finders Persistent Optimistic Creative Risk-takers Courageous Curious Observant Enthusiastic Confident
30 Conclusions New ideas affect chance of success i.e. trying something different Don t always find what we expected Persistence pays Technology helps Create your own luck Dan Stewart
31 Norm Foster October 2, January 1, 1999
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