Exploration and production (E&P) Software & Services are playing a critical role in the oil & gas industry to help engineers and geologists in exploration projects
Exploration and Production (E&P) software & services are essentially the middle stage of petroleum exploration, which involves extracting and researching oil and natural gas. It is also called the downstream stage. Exploration and production have been termed as the "first mover" in the petroleum industry. This is where the technology to extract fuel from the ground is developed first before it is marketed and sold. There are several companies that perform this activity worldwide. Technology is emerging as one of the most important drivers behind exploration and production activities. There are numerous sophisticated software applications that are being developed to help drill and explore oil and natural gas. Software applications are available that can help geologists, engineers and technologists evaluate various scenarios that could affect the outcome of an exploration project. Such applications can predict the reservoir density, thickness, and composition, geoph