STM publisher Elsevier has announced the launch of Geofacets Mexico, a special edition of Geofacets, designed to give Oil & Gas companies a competitive advantage in completing Mexico's Oil & Gas block bidding. This unique, cost-effective offering combines maps, seismic sections and timelines with other valuable data providing vital geological insight into the region.
Mexico's Oil & Gas block bidding round is expected to commence this year, marking the first opportunity for foreign companies to explore, develop and produce oil in the country since the sector was nationalised in 1938. Geofacets Mexico contains vital data from esteemed geological publications that will help organisations to assess the geologic conditions of Mexico, enabling prospective bidders to more confidently identify viable investment opportunities within the region.
Geofacets Mexico provides access to 6,600 geologic maps extracted from journals of renowned organisations including the Geological Society of London, Society for Sedimentary Research, Society of Economic Geologists and the Geological Society of America, as well as Elsevier's own resources. Additionally, it will include over 80 georeferenced maps extracted from technical reports and documents made available by the Secreteria de Energia, SENER, and from Mexico's Comisión Nacional de Hidrocarburos (CNH) - the national hydrocarbons commission responsible for supporting the definition and implementation of Mexico's hydrocarbon policy. Furthermore, Geofacets Mexico will incorporate English translations of the Spanish technical reports. Over 5,500 of the maps in Geofacets Mexico are georeferenced, allowing for seamless integration with tools such as ArcGIS™ or Petrel* for further analysis and interpretation.
While 52 ultra-deepwater oil wells have been drilled in the US since 2010, only 5 have been drilled in Mexico in the same time period. Subsequently, companies have little proprietary knowledge of the geology of on-shore Mexico and the Mexican Gulf. As such, companies now need access to the trusted information contained in Geofacets Mexico that will facilitate considerations on the potential for risk and return of exploration in this area.
Geofacets is Elsevier's premier web-based research tool for geoscientists working in natural resource exploration. Geofacets extracts geologic maps from trusted publications, making content easier to find and integrate with other data. Geofacets Mexico is also available through the Petrel platform, and via the Geofacets Connector for Petrel and Studio.
