HGS CE Class: Risk Analysis of Geological Plays
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This course serves as a companion and natural follow-up to R&A's successful course Risk Analysis, Prospect Evaluation and Exploration Economics. While The Prospect is the economic unit of exploration, The Play is the operational unit. Accordingly, this course addresses what many authorities believe to be the most difficult and critical task in Petroleum Exploration: the selection of plays and concessions in which to explore (to best help your company achieve its strategy).
Designed primarily for geologists, geophysicists, economists, planners and managers, this course teaches participants a play risk analysis methodology to consistently and systematically value a play based upon chance of success (play chance and prospect success rate), play resources, and costs associated with an operational plan.
Designed primarily for geologists, geophysicists, economists, planners and managers, this course teaches participants a play risk analysis methodology to consistently and systematically value a play based upon chance of success (play chance and prospect success rate), play resources, and costs associated with an operational plan.
Course Outline
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Introduction
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Review of Fundamental Principles of Prospect Risk Analysis
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Petroleum System Ingredients and Geologic Tools for Play Analysis
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Play Delineation
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Field Size Distributions ‐ A Key Tool
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Treatment of Chance ‐ Plays vs. Prospects
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The Process: Risk Analysis for Plays
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Lease Acquisition Strategy
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Play Analysis Lessons Learned and Conclusions
When
November 2nd, 2009 9:00 AM
through
4:00 PM
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