Geological probability of success assessment for amplitude-driven Prospects:A Nile Delta case study

International audienceEffective quantification and management of exploration risks and associated uncertainties remains a key chal-lenge for the Oil and Gas industry. Geological probability of success evaluation is one of the key steps of theexploration process, which will lead - if properly managed - to enhanced project’s value creation, as well asimproved portfolio management and exploration decisions. This paper reviews and discusses a consistent, uni-form and reproducible approach for evaluating seismic amplitude-supported prospects, weighted by the inputdata quality and availability. The method and workflows are further illustrated with an offshore Nile Delta casestudy. This approach enhances the confidence in the appropriate risk and associated resource estimate for lessbiased and more consistent probability estimatio