HUFF, KEITH FREDERICK, International Consultant, Golden, CO

ABSTRACT: International Exploration: Some Considerations for Success

This paper discusses several key elements in formulating a successful international exploration program. The more significant are: (1) The importance of setting corporate goals in volumetric terms. (2) The linkage between volumetric goals and geologic selectivity. (3) The development of strategic game plans to accomplish corporate goals. (4) The importance of specifics in strategic plans both geographically and volumetrically. (5) The strategic plan as a focussing mechanism. (6) The disciplined approach by adherence to the plan. (7) The importance of focus areas such as currently productive basins. (8) The necessary balance of participation levels: over-leveraged verses over-exposure. (9) The efficiency of geographic concentration. (10) The conundrum of how much: the minimum threshold

AAPG Search and Discovery Article #90987©1993 AAPG Annual Convention, New Orleans, Louisiana, April 25-28, 1993.