What we do
Valuable Geology is the first and still the only company with the capability to provide oil and gas customers with the possibility of achieving financially, practically risk-free E&A operations in any conditions encountered in real practice – the computation capacity of Valuable Geology software fully covers any demand in the computation scope potentially faced in real operations.
The Valuable Geology solution of the key problem of present-day probabilistic E&A risk management makes it possible to bring the threat of E&A financial losses down to zero, thus making a revolution in the oil and gas industry:
fundamentally changing the competition and profit-making mechanisms;
fundamentally expanding the development prospects;
making it possible to reverse the long-term industry-wide trend of increasing marginal production unit costs;
converting the oil and gas prospecting segment from an extremely financially highly risked and planned loss-making activity of oil and gas companies into an ultra-reliable and disproportionately highly profitable independent business stream.
The false impression of extremely high financial risks of E&A operations, for no objective reason, because of current hypothetical E&A risk management, was the key constraint of the industry development. Overcoming this, i.e. bringing the threat of E&A financial losses down to zero with valid evidence thereof, provides the oil and gas industry with unprecedented scientific and business opportunities, unveils a new era of evolution – the era of new rates of subsoil survey, research and development.
In the new era of the oil and gas industry development, pre-revolutionary oil and gas business tools and practices are no longer capable of providing companies with competitive power sufficient for stable existence and sustainable development.
Implementation of revolutionary VG business models suggested by Valuable Geology, which are based on application of VG revolutionary software and business products, provides customer companies with business opportunities which are, in principle, inaccessible for other companies and competitive advantages beyond the reach of other players, such as:
financially, practically risk-free status of E&A works;
guaranteed solution of the reserves increment task (increment volumes, HC phase state) and the task of reducing production unit costs (reserves quality enhancement task);
instantaneous expansion of E&A prospects beyond the reach of other companies;
advantages in terms of acquisition of attractive projects (subsoil blocks), which are beyond the reach of other companies;
a most powerful tool of enhancing profitability of new plays prospecting projects, which is practically unattainable by other companies. Note. A “play” means a family of inter-related fields, deposits or potential traps of hydrocarbons characterized by similar geologic history and common generation conditions of hydrocarbons, reservoirs and traps, and similar development parameters of the deposits, and similar economics;
a most powerful tool of enhancing the risk-free value and profitability of planned E&A operations, which is beyond the reach of other companies;
advantages in justification and raising of investments, which are inaccessible for other companies, etc.
Thanks to the advantages, in terms of the use of new colossal business opportunities related to the new era of oil and gas industry development, revolutionary VG client companies are able to promptly gain leadership and domination positions across all industry business segments. Companies hesitating to transition to VG business models will face a consequential loss of competitive power across all integration segments, posing a threat to their existence, and can be ousted from the business.
Valuable Geology – the company whose unique theoretical, computation and business tools have made a revolution in E&A risk management – was founded by:
Oleg G. Brajnikov – founder of Valuable Geology
All the unique theoretical and computation tools of Valuable Geology, which make it possible to carry out financially risk-free exploration, thus giving way to a new era in the oil and gas industry development, are based on six decades of an extremely successful operational track record and outstanding deliverables of intensive daily scientific and operational work, performed by Prof. Oleg Georgievich Brajnikov, Dr. Sci. in Geology and Mineralogy, till the very last day of his life (Nov 17, 1940 – Nov 23, 2020).
Prof. Brajnikov is one of the few contemporary scientists who combined a broad mental outlook and the deep scientific knowledge of an academic with his extensive experience of on-site operations. Oleg Georgievich chose to be present, in person, and supervise delivery of the most critical stages of drilling and geophysical operations. The following oil and gas fields in Kalmykia were discovered with his involvement and under his management: Severo-Kamyshanskoe; Krasno-Kamyshanskoe; Nadezhdinskoe; Dvoynoye; Vostochno-Kamyshanskoe; Yekaterininskoe; Komsomolskoe; Naryn-Khudukskoe; Tumannoe; Pologoe; Severo-Komsomolskoe; Shakhmetskoe; Mayli-Kharanskoe; Kurgannoe, etc. He is one of those who discovered the unique Astrakhanskoe gas condensate field (design, drilling and testing of well 1, Volozhkovskaya, with a gas gusher coming from under salt deposits, yielding a flow rate of 230 thou. m3 per day, including metering of condensate and acid components content). All prospecting and appraisal wells were tested under his personal supervision on site.
Between 1980-1983, being the Chief Geologist of the Soviet Geologists Team in the Republic of Cuba, the Top Level Advisor to the Ministry of Basic Industry of Cuba, he developed a core sampling technology intended for an oil bath (el banõ de petroleo). The technology application increased the proven reserves threefold, which made it possible to enhance oil production up to a level fully covering the demand of the Republic of Cuba in the event of a military blockade.
Oleg Georgievich is the author of five monographs, one educational guide, over eighty handwritten reports, and over fifty articles in scientific journals.
Key results of his scientific work include development and practical geological implementation of:
genetic classification of geological bodies for estimation of oil and gas bearing prospects (synthesis of the theory of formations by N.S. Shatsky, V.D. Nalivkin’s theory about interrelations of nimias, servias, facies and lithotypes, and the system approach);
comparative planetology method;
methods of mapping local uplifts with rupture anomalies (“broken-plate method”);
palinspatic maps and profiles generation methods;
palinspatic reconstruction of lithospheric blocks;
methods of determination of hydrocarbons migration timing and field generation timeframes;
methods of calculating the number of fields and their relations in terms of reserves size, which may hypothetically be discovered in various tectonic zones, within administrative areas and license blocks of companies;
methods of comparative geological-and-economic estimation of oil and gas bearing prospects of various areas (co-author of the Methodological Guidelines for Quantitative and Economic Estimation of Oil, Gas and Condensate Resources in Russia. RF Ministry of Natural Resources. Moscow, 2000);
algorithm of the Deposit software intended for express estimation of reserves in layer-arch structures and massive deposits; algorithm development for the Stratigraphic Screen software intended for estimation of reserves in stratigraphic screen traps, size of traps with minimal commercially viable reserves, determination of the first prospecting well location, etc.
Oleg Georgievich also had a number of research publications regarding the use of a system-based approach and comparative planetology method for handling such controversial issues as:
energy sources of tectonic movements;
antecedence of basaltic or granitic crust;
paleo- and future-ecology;
causes of extinction of fossil animal species;
fluctuations in the global sea level;
causes of the Earth magnetic field inversion;
global calamities, logic of their occurrence, and the course of activities of human species;
protoplanetary cloud formation and its further evolution hypothesis;
hydrocarbon supercluster location patterns, etc.
Artyom O. Brajnikov – founder of Valuable Geology
Artyom O. Brajnikov is the author of all unique software algorithms which have made a revolution in probabilistic E&A risk management. The Valuable Geology revolutionary software products developed on the basis of such algorithms are the first ones to provide the oil and gas industry with real risk management instead of hypothetical approaches envisaged by the other present-day methods (assumptive, unsubstantiated, unable to provide guarantees or evidence of decreasing the financial failure probability of planned E&A works).
The DSS “ABVG” revolutionary software, based on algorithms developed by A.O. Brajnikov allows oil and gas companies to reduce planned E&A financial failure probability so close to zero that occurrence of an E&A financial failure can be deemed to be practically impossible, i.e. it provides the possibility to achieve a practical, financially risk-free status of performed exploration activities. It is the first time that companies can actually have the chance to carry out exploration activities without any concerns about financial losses – the revolutionary software is able to ensure a financially, practically risk-free status of scheduled E&A and provides sufficient evidence of such status achievement. Such software is able to ensure financially, practically risk-free status in any actual and commonly encountered conditions – the available computation capacity meets any potential demand of actual E&A planning and risk management in terms of required calculation scope.
A.O. Brajnikov is the author of revolutionary VG business models based on risk-free E&A principles, as well as all underlying unique theoretical, practical and software business tools supporting the use of VG business models.
A.O. Brajnikov graduated from the Bauman Moscow State Technical University and the State University of Management. He worked as Assistant to Deputy Chairman of the Economic Policy Committee under the State Duma of the RF Federal Assembly for Service in the State Duma (1999-2000), managed the Representative Office of Scientific Technological Company, Russian Inter-Branch Scientific-and-Technical Complex, Nefteotdacha, in the Pre-Caspian Region, managed Interneft – operator of joint oil and gas prospecting activities arranged by LUKOIL, Slavneft, SIDANCO (TNK-BP), VNK in the Pre-Caspian Depression and the near edge zone of the Pre-Caspian Depression.
He is the author of six monographs and about twenty articles in scientific journals.
He has made significant contribution to industry-specific economic theory, industry risk management practices, theory and practice of oil and gas prospecting operations in the industry. E.g., A.O. Brajnikov:
a model of development of petroleum-bearing systems (PBS);
a model of the global PBS development;
a mechanism for the formation and reproduction of favorable conditions for E&A under a conventional business model;
a conceptual model of subsoil usage, etc.
A.O. Brajnikov, in his publications, using both theoretical reasoning and practical data, was the first one to demonstrate the fundamental inefficiency and irreparable inconsistency with the industry specifics of risk management methods based on the LLN algorithm, the erroneous nature of the theoretical grounds of FSD Methods in E&A risk management, as well as describe and justify the causes of the all-round use of LLN and FSD Methods and dramatically negative consequences of their widespread practical application for the present-day oil and gas industry. The E&A risk management methods and tools developed by A.O. Brajnikov make it possible for companies and the industry to break free from the negative implications of LLN and FSD Methods, and provide conditions for the sweeping implementation of robust pre-requisites of colossal industry-wide economic growth.
The theoretical and practical tools developed by A.O. Brajnikov opened up incredible, unprecedented opportunities and development prospects for explorationists:
1.
The main obstacle to the rapid, intensive development of exploration science and technologies has been eliminated – for the first time ever, the opportunity to free oil and gas prospecting work from the risk of financial losses is here.
2.
For the first time, explorationists have got the opportunity to fully realize their scientific and creative potential – the opportunity to implement their boldest scientific and technological exploration ideas without financial risks and with guaranteed profit.
3.
Explorationists have been freed from the threat of unfair assessments of their work, knowledge and competencies, which are often received by them in cases of exploration failures, i.e. in cases which, in fact, are:
a natural consequence of the industry specifics, of high geological exploration risks – of working in conditions of insufficient information, of a high degree of uncertainty of possible results;
a natural, almost inevitable part of the overall economic success of the full implementation of the formed financially risk-free E&A Program.
4.
Explorationists were given the opportunity to receive appropriate recognition of their real significant contribution to the profits of oil and gas companies and the industry – the works of A.O. Brajnikov destroyed the embedded myths about the planned loss-making of exploration, its inability to generate profit, its inevitable high financial risk.
5.
The explorationists’ knowledge and competencies, the scale of exploration, exploration technologies and information have dramatically increased their importance in the competitive struggle and have become tools for guaranteed, financially risk-free profits.
6.
Exploration becomes a more attractive business from the investment standpoint if compared to HC production. While characterized by a financially, practically risk-free status, it features a materially shorter return on investment timeframes and substantially greater profitability values than the production segment.
Industry management received new powerful tools for increasing business profitability, gaining competitive advantages, enhancing manageability and expanding development prospects:
1.
Tools to guarantee a determined volume of incrementing HC reserves as a result of the implementation of planned exploration work.
2.
Tools to guarantee the profitability of the exploration business segment. From a financially high-risk, planned-loss segment of business activity for oil and gas companies, the exploration segment becomes an independent, extremely reliable and highly profitable type of business, capable of bringing in huge profits separately from the production segment.
3.
The most powerful tools, enabling competition and increasing profitability, unavailable to traditional companies:
The Focused RMSEE Delivery tool, which provides unattainable competitiveness in acquiring attractive projects.
The Focused GSEE Delivery tool, which significantly increases the risk-free profitability and value of E&A Programs.
The Risk-Free Value of the E&A Program tool, which multiplies the economic efficiency of new plays prospecting projects, etc.
Objective criteria for assessing the physical and financial results of exploration work carried out, freed from its random nature, subjectivity and bias.
Practically reliable values of the predicted physical and financial indicators of planned exploration work (predicted values of indicators, obtaining actual indicators below which is practically impossible).
Shareholders, private, venture and institutional investors received one of the best investment options in the world with the reliability of US Treasury bonds, but with a profitability of not a few, but hundreds of percent. The theoretical and practical tools developed by A.O. Brajnikov turn oil and gas exploration into an investment option with extremely attractive characteristics:
high reliability, which is beyond the reach of the absolute majority of investment options (probability of complete return on investments is 0.99000–0.99999 and above);
high expected profitability beyond the reach of investment options that are comparable in terms of reliability (hundreds of percent);
high, risk-free profitability, beyond the reach of investment options comparable in terms of reliability (tens of percent). Note. The Practical Risk-Free Profit is the lowest practically possible value of profit-making – getting a still lower value is practically impossible (the probability of getting a still lower value is very small – equal to the pre-set level of significance);
short timeframes of complete return on investments and profit-making in full (3–5 years).
The works of A.O. Brajnikov opened a new era of development of the oil and gas industry, geological exploration sciences and technologies - an era of formerly inaccessible opportunities and new rates of subsoil survey, research and development. The industry, companies, specialists and managers received:
Incredibly high motivation and unprecedented attractiveness of investments in the industry development - the opportunity to convert, without financial risks, the growth of the scale of exploration and the growth of exploration knowledge and competencies into profit growth and a cumulative increase in competitive advantages in all industry segments.
A colossal expansion of the conventional hydrocarbon resources prospects - the works of A.O. Brajnikov made an incredibly large number of previously unattractive oil and gas prospecting projects attractive for implementation. A large-scale expansion of the prospects for the discovery of conventional high-quality hydrocarbon reserves additionally meets the needs of civilization for hydrocarbons for many decades to come, opening up new development prospects for the oil and gas industry and new areas of application of hydrocarbons.
The new tools and methods created by A.O. Brajnikov create new economic conditions that are unprecedentedly favorable for the subsoil systemic studies, the construction of a detailed forecast of the results of the further development of the processes of the evolution of the geospheres of the Earth and other bodies of the Solar System, the rapid expansion of the horizons of long-term and ultra-long-term preservation, prosperity and development of humanity.
History of Valuable Geology’s products
The key stages of the Valuable Geology revolutionary products development process are as follows:
2000
– intensive work on developing a theoretical framework of computation tools for achieving a practically, financially risk-free status of exploration works;
2009
– obtaining the first practical results of applying the developed theoretical principles of practically, financially risk-free E&A works delivery with quite simplified computations done almost “manually”, as part of the research assigned by V.S. Chernomyrdin, Advisor to the President of the Russian Federation, within the framework of the Program devoted to the creation of a new major fuel and energy complex in the south of Russia;
2014
– availability for practical use of the first portion of fundamental algorithms implemented in special-purpose software, identifying a subset of Financially Risk-Free E&A Programs out of the variety of all feasible E&A Programs which can be formed on the basis of the entirety of oil and gas prospecting projects potentially available to the company;
2019
– implementation, at a software level, of another, equally significant, range of algorithms converting the previously developed theoretical and computation tools into a product understandable by the target user and ready for commercial distribution;
2022
– availability of the Valuable Geology revolutionary products promotion strategy and finalization of the respective implementation support framework;
2024
– availability of relevant support means and launch of the Valuable Geology revolutionary products promotion strategy.
Mission of Valuable Geology
Valuable Geology's mission: Creation of tools for setting and guaranteed solution of complex and most ambitious tasks related to cognition of the universe; cognition of the phenomenon of Life. Setting, deep and detailed study and solution of fundamental tasks of long-term and ultra-long-term preservation of favorable conditions for life and development of humanity on Earth, terraforming and/or creation of favorable conditions for development of necessary resources on other bodies of the Solar System.