Scientists pool research to help oil exploration

The oldest national geological society in the world is teaming up with a technology research group to pool resources online which could help oil exploration firms keep costs down. More […]

Register now!

By Vicky Ellis

The oldest national geological society in the world is teaming up with a technology research group to pool resources online which could help oil exploration firms keep costs down.

More than 165,000 geological maps will be brought together from the Geological Society of London’s Lyell Collection and Elsevier’s top Earth science journals.

The partners say the database could help companies to pinpoint places to drill with more accuracy, crucial when drilling costs can hit $3 million a day.

Friso Veenstra, Director of Market Development from Elsevier said: “Technology is changing the face of research and oil and gas exploration alike, and by unlocking the insights hidden in volumes of scientific content for use in exploration, you can open up a whole new line of thinking.”