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Play Assessment and Prospect Evaluation (GEO56)

  • 25-27 September 20173 daysVienna, AustriaCourse Fee: 2490 EUR + VAT

Description

This 3-day course covers the major aspects and essential elements to generate and evaluate play and prospect for hydrocarbon exploration.
The participants will act as an exploration company following a ready-made workflow based on a real case and will learn the procedures used in oil companies. Lessons will focus on risks, limits, typical problems and uncertainties of the play assessment, especially in quantifying geological risks. Economic analysis and assessment, aggregation and presentation of data and best practice will help participants to provide insights for managers.

Course Level: Intermediate
Instructor: Gabriele Lena

Designed for you, if you are...

  • A member of the exploration team: geologist, petroleum engineer or geoscientist, or an analyst or manager, working on exploration data and keen to learn a methodology for exploration project assessments

How we build your confidence

  • A practical course with didactical procedures and workshops
  • Provision of an operational workflow from play to prospect to basic economics that is applicable worldwide
  • A real case workshop evaluated in a team setting
  • Simulation of economic strategy

The benefits from attending

By the end of the course you will feel confident in your understanding of:

  • The evaluation of assessment techniques in the industrial application scheme
  • How to quantify geological risk and uncertainties on a play
  • The definition, assessment and risk evaluation of a prospect
  • A basic economic analysis for management strategy

Topics

  • Petroleum systems - geological control factors
  • PS stages, regional parameter
  • Local effects
  • Exploration workflow
  • Play assessment and play fairway maps
  • Prospect generation and evaluation
  • Risk analysis and probability
  • POS and POF
  • Economics
  • Aggregation and presentation of results
  • Decision tree and exploration program


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