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How does the application of GIS in the drilling and completion process decrease risk (the probabilities as described in Module 3)?


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Prepare a 5 page (I am not concerned about policing your line spacing, type size or margins – just be reasonable) analysis that addresses the following prompt in two sections, one section for onshore wells and another for offshore wells: 1. Your management wants to better understand the value you bring to the company as a geospatial analysis professional – your audience is a high-level, technically-educated management team – keep the tone professional and concise. 2. How does the application of GIS in the drilling and completion process (which includes choosing the details of well location and design) decrease risk (the probabilities as described in Module 3)? 3. How does the application of GIS in the drilling and completion process (which includes choosing the details of well location and design) maximize value (the maximum NPV as described in Module 3)? In both scenarios, if you have access to specific examples by virtue of your own professional experience, this may be useful here. Even if you don’t, simply thinking clearly about the various components and stages of the process will be most helpful. The case you make is the most important part of your response to these prompts. helpful videos https://geosciencestamu.instructure.com/courses/66/pages/module-4-videos?module_item_id=3049 https://www.youtube.com/watch?v=HcAGW2bkkGg&t=361s https://www.youtube.com/watch?v=oWq-8f-mqtg


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