Geological & Geophysical Data Acquisition and Analysis
The main objective of the acquisition and analysis of geological and geophysical data is the development of maps identifying areas favorable for the accumulation of hydrocarbons. This is done by incorporating the data acquired through G&G surveys and analyzing technical information, which develops a basic knowledge of the geologic history of an area and its effects on hydrocarbon or strategic/critical minerals generation, distribution, and accumulation within the planning area.
The primary source of the data and information used by the Resource Evaluation Program is the oil and gas industry, which conducts exploration, development, and production activities on OCS lands. BOEM issues permits to industry for collecting pre-lease as well as post-lease data. The Resource Evaluation Program approves the permits of pre-lease data acquisition and operators are required to provide certain data and information to BOEM. BOEM selectively obtains copies of data acquired in these pre-lease activities.
Permittees and lessees are normally reimbursed by BOEM for only the cost of data reproduction. However, if industry has collected data in areas not under BOEM jurisdiction, e.g., state waters or adjacent foreign waters, and BOEM selects such data, BOEM pays the significantly higher "market price" for obtaining copies of such data. The extensive amount of data and information acquired by BOEM is used by geologists, geophysicists, petroleum engineers, modelers and other specialists to perform a variety of analyses leading to Resource Assessment, Reserves Inventory and determining Fair Market Value of the auctioned tracts.
Resources and Publications
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