New Play Concepts and Innovative Corporate Social Responsibility (CSR) Re-vitalising Exploration in the Gulf of Thailand (GoT)
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Abstract:
Abstract Exploration in Thailand's offshore Tertiary basins is hampered by the perception that the exploration efforts have reached a mature stage and by increased difficulties related to environmental approvals and stakeholder relations. Petroleum activities in Mubadala Petroleum's concessions in the GoT, although not situated close to the coast, are subject to review by a wide range of stakeholders, including coastal communities, local and national administrations and institutions, and NGO's. At the same time technical work has revealed the possibility of exploration upside, but proving this potential, in addition to the nearly 7.5 BBOE already found, depends on a license to operate and therefore CSR approach and execution are key. We will demonstrate that, while developing a prospect inventory based on innovative play types and complex/subtle trapping models, with combined structural and stratigraphic elements, we also developed a timely, clear and transparent CSR approach, which focuses on local needs combined with active stakeholder engagement by working in partnership with communities, local administrations and organizations on a tiered, repeatable and sustainable long-term footing. There is strong and genuine synergy between an exploration agenda which focusses on play and trap types away from the conventional faulted 3-way in heavily dissected and compartementalised traps concept, and CSR partnering initiatives. Failure to focus on both is restrictive and disadvantageous as they are genuinely complementary. In our view Thailand's perception of exploration maturity may be more related to the operational approach to finding hydrocarbons, rather than actual depletion of the resource. We will illustrate the exploration potential with a regional and biostratigraphic recalibration and with examples of complex play-trap systems and will demonstrate how we are successfully engaging with coastal communities and institutions to address socio-economic, educational and environmental challenges facing the communities around our operations in the GoT.Keywords:
Stakeholder Engagement
Petroleum exploration
Stakeholder Engagement
Stakeholder Analysis
Project stakeholder
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