Course Description

As the title suggests, this one-day “Jump Start” course introduces, or refreshes, the professional to the major concepts and principles used to assess the underlying economic value of geologic trends, plays, or concessions.

We recommend combining this course with a “Surgical Theater Play Review.”

Course Outline

Global Themes

Review of Fundamental Principles of Petroleum Risk Analysis

Treatment of Chance for Plays vs Prospects

Play Delineation

Crafting Appropriate Field Size Distributions for your Play

Full-cycle Economic Thresholds and Their Implications for Decision Behaviors

Risk Analysis for Plays

Lessons Learned

Course Documentation

RA JS Play Course 10-13-09.pdf (26.5k)