We specialize in teaching concepts, procedures and techniques of risk analysis for exploration and production opportunities from regional geologic trends to individual wells.  We offer both education and training courses and differentiate these courses according to the focus and teaching method.  Education courses focus on learning concepts and procedures.  Training courses focus on applying those concepts, on the job, to actual prospects.

Below is a list of courses along with a brief description. These course offerings are divided into groups. The first section is our list of Open Courses available to anyone and offered in various locations throughout the year. Below the course titles is our current Open Course schedule including course offerings, prices, locations, dates and registration deadlines. The next section is our In-house Course offerings. These courses are available to large groups, usually within one company. Likewise, Training Courses and Workshops in the next two sections also are usually offered only to large groups and usually within one company. Should you have any questions, please feel free to email us.

Rose & Associates' Open Enrollment Course Offerings

Open Course offerings are scheduled in locations around the world throughout the year. These courses are available to individuals and present a perfect opportunity for employees of smaller firms to gain the same valuable information available to larger firms through In-house courses.

An Overview of Exploration Play Analysis (2 days)
An Overview of Exploration Play Analysis (3 Days)
DHI Interpretation and Prospect Risking (2 Days)
Project Risk, Uncertainty and Decision Analysis for Conventional and Unconventional Resources (4 Days)
Risk Analysis of Deepwater Exploration Prospects (2 Days)
Risk Analysis, Prospect Evaluation and Exploration Economics (5 Days)
Risk Analysis, Prospect Evaluation and Exploration Economics Hybrid (5 Days)
Risk and Uncertainty Analysis for Unconventional Resource Plays (2 Days)

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Rose & Associates' In-house Course Offerings

In-house Course offerings are conducted on-site by Rose & Associates instructors, who travel to the designated location to present a course at the contracting firm's location or other designated facility. A classroom setup is required according to specifications provided by Rose & Associates.

An Overview of Exploration Play Analysis (3 Days)
A natural companion and follow-up to R&A\'s successful Risk Analysis, Prospect Evaluation and Exploration Economics, this course addresses the most difficult and crucial task in Petroleum Exploration: the selection of plays and concessions in which to explore. Designed primarily for geologists, geophysicists, economists, planners and managers, this course teaches participants a play risk analysis methodology to consistently evaluate a play and quantify its expected monetary value based upon chance of success, play resources, costs, and success value. While we normally present it in a 3-day format, this course is also available in a 2-day version with modifications to meet customer needs. The 2-day format of this course carries a highly-recommended prerequisite of attendance at a previous R&A risk analysis training course and understanding of risk analysis concepts.

An Overview of Exploration Risk Analysis for Senior Management (1 Day)
This seminar synthesizes the key concepts and applications of risk analysis (RA) for the upper echelons of your organization, regardless of their disciplines, to illustrate exploration as a profitable long-term business. It identifies key management issues and highlights the critical management tasks necessary for progressive improvement in exploration performance.

Exploration Risk Analysis for Managers (2 Days)
This seminar is designed specifically for exploration management and condenses the extensive materials of the "Exploration Economics, Risk Analysis, and Prospect Evaluation" course into an accelerated 2-day format, using the optimized E&P portfolio as a constant reference frame. The course is recommended for supervisors and management of all upstream business units, regardless of their professional disciplines. It is not a substitute for the 5-day course.

Jump Start: Principles of Play Risk Analysis (1 Day)
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.”

Jump Start: Principles of Prospect Risk Analysis (1 Day)
As the title suggests, this one-day “Jump Start” course introduces, or refreshes, the professional to the major concepts and principles used to assess prospect uncertainty, chance, and value, and helps to better calibrate subsequent assessments. We recommend combining this course with a “Surgical Theater Prospect Review.”

Project Risk, Uncertainty and Decision Analysis for Conventional and Unconventional Resources (4 Days)
This course features more advanced decision analysis techniques compared to our flagship five day course, and is designed for all Engineers, Planners, Commercial team members and Geoscientists that are charged with creating value beyond an exploration discovery or for unconventional resource assessment.

The premise for this course is that sound estimation of key engineering, geotechnical, and economic parameters is essential for maximizing profitability of oil and gas field development and operations.

Traditional deterministic methods call for the ongoing study of key parameters to get ever closer to “The Answer.” Probabilistic methods, on the other hand, recognize that most parameters have some amount of uncertainty, even through the development phase. Accordingly, this course deals with estimation under uncertainty through probabilistic estimation. We focus on identifying the key manageable parameters; thereby, helping professionals become proficient estimators and communicators of the main drivers of project value for more responsible characterization and valuation.

Quantification of Geological Risk (2 Days)
This course is a 2-day condensation of Rose & Associates’ very successful 5-day course on E&P Risk Analysis focused primarily on the geotechnical concepts and principles of estimating under uncertainty. It follows the characteristic chain of considerations that attends most prospects, especially prospect ranking and portfolio impact. It is designed for geoscientists and engineers involved with exploration, exploitation, and development projects. The course is not a substitute for the 5-day course, but offers a glimpse of the power of implemented RA systems. We recommend combining this course with a “Surgical Theater Prospect Review.”

Risk Analysis, Prospect Evaluation and Exploration Economics (5 Days)
Our flagship course covers all phases of exploration decision-making, and has been presented hundreds of times world wide over the past ten years. With a strong practical orientation and abundant use of realistic exercises, we illustrate the applications and mechanics of the various concepts and analytical procedures involved in the evaluation and investment analysis of exploration prospects.

Risk and Uncertainty Analysis for Unconventional Resource Plays (2 Days)
This two day course, designed for geoscientists and engineers, provides a comprehensive treatment on the description, characterization and valuation of tight gas, shale and coal bed methane plays.

Rose & Associates In-house Training Courses

In-house Training Courses are hands-on sessions facilitated by an experienced instructor, utilizing the contracting firm's real-world data and providing immediate and applicable results to that firm.

Risk Analysis Surgical Theater Play Review (1 or More Days)
For client companies who commit to corporate implementation of our Exploration Risk Analysis (RA) Process, we offer this on-site, innovative training course that reviews key concepts, then immediately applies them to concessions, geologic trends, or families of prospects. We call this broad field, with obvious business applications, Play Analysis, or PlayRA. The Surgical Theater is a novel, yet proven, training method in the Medical field, which has already received much acclaim in our prospect reviews. Using Field Size Distributions (FSD), regional maps, and other geotechnical data, instructors review real company plays or concessions (client-supplied) with the exploration team responsible for them.

Risk Analysis Surgical Theater Prospect Review (1 or More Days)
This innovative training course reviews key concepts, then immediately applies them to company prospects. The Surgical Theater is a novel, yet proven, training method in the Medical field, which has already received much acclaim in our play reviews. Using actual maps, seismic sections, and geotechnical data, instructors review real company prospects with the exploration team that generates them.

Rose & Associates Workshop Courses

Risk Identification & Mitigation Workshop (RIMW) (1 Day)
In this lively, one-day workshop, multi-disciplinary teams and their leaders are facilitated through our Risk Identification and Mitigation process. The Workshop deliverables are Risk Mitigation plans around either project delivery or delivery of unit-level business plans, including critical components such as production forecasts.

If you have attended one of the following courses, please click on the course title to log-in and download the course notes presentation.

Rose & Associates Group Course Notes for Download

HGS 1-day course, Risk and Uncertainty Analysis of Unconventional Plays, Houston, Texas, February 2, 2010