Stig-Arne Kristoffersen, an experienced professional in the oil and gas industry, discusses the concept of play-based exploration (PBE), emphasizing its importance for exploration strategies and risk analysis. PBE reflects a shift from individual prospects to a focus on plays, which are defined by geological characteristics conducive to hydrocarbon accumulation. The document outlines key methodologies, data needs, and decision-making processes required for effective PBE implementation, highlighting the necessity of spatial balancing and consistent assessment of prospect and play probabilities.
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