Intelligent Geological Target Identification or IGTI is CGC's proprietary Frontier Exploration and De-Risking tool applicable for derisking exploration projects in the Oil and Gas and Mining industry.
IGTI relies on pattern recognition methodology through CGC's global data base. The first study to develop the concept of IGTI was undertaken in the USA using data specifically for the presence of salt domes in the state of Louisiana. Over 5000 site entry data were used mainly from opensource data published by the USGS and several control data that were contributed by private oil companies in the US.
In Lousiana, IGTI was used to predict the locations of salt domes and then possible targets for oil wells. The success in Louisiana led to application of IGTI in Zambia in Lake Tanganyika. The method de-risked the exploration in the block by a notable 74% and a similar application in South Sudan's Jonglei basin by an astounding 84% narrowing the target significantly.
The first commercial application for IGTI was in Croatia for Block DI-16. IGTI was able to identify one basin in the region out of the output that gave four targets. The comparison of the results from alternative methods pointed towards high accuracy.
In 2020 CGC produced an IGTI assessment for the prospectivity of Timor-Leste's onshore blocks. IGTI identified potential plays in this highly lucrative onshore region. Using the IGTI-led prospective targets, seismic and geophysical surveys can be catered to the extents of the predicted targets thereby reducing costs significantly.
IGTI Prospectivity Report for Timor-Leste onshore blocks prepared by Cambridge Geoconsultants Limited.
The report analyses the seven onshore blocks in Timor-Leste for their prospectivity derisking early stage Frontier Exploration.
For IGTI technical discussions please contact email@example.com