SUBSURFACE IMAGING USING GROUND PENETRATING RADAR FOR UNDERGROUND OIL AND MINERALS EXPLORATION

An oil well drilling company contractor drills an oil well will as per specific requirement like the depth. It has been estimated that cost to drill an oil well is about $17.01/ Barrels-of-Oil-Equivalent (BOE). More specifically, cost for drilling an onshore well is $13.38/BOE and for drilling an offshore well is $49.54/BOE. Based on some statistics one out of five rigs drilled in an area yields oil recovery. This means $20 million has to be spent for prospecting and locating one oil well. The question that arises now is whether it is worth trying all possibilities of reducing the cost of locating an oil well to $4 million and save $16 million. Well, the research presented in this paper is aimed at showing such a possibility.