Play-Based Exploration: Mapping, Volumetric, and Risk Analysis

This content- and exercise-rich, fun three (3) day course touches on quantitative analysis at the play level. The combination of lectures with group mapping exercises from an actual exploration play reflecting state of knowledge at two periods of time (circa 1980 versus present day) provides participants insights from the actual results as compared to their predictions. Here the focus is on map generation and analysis that apportion probability into shared/play-specific and local/prospect-specific probability for subsequent assessment and valuation.

Course Outline

01. Introduction

02. Basic statistics and risk analysis concepts

03. Petroleum Systems and Plays

04. Defining Plays, Vertically and Laterally

05. Dividing Plays into Sub-plays (Play Segments)

06. Treatment of Chance – Plays vs. Prospects

07. Data Issues and Key Well Analysis

08. Field Size Data – Pitfalls for Predicting the Future

09. Calculating Undiscovered Volumes

10. Risk Analysis for Plays

11. Play Based Exploration and Future Volumes for Unconventional Plays

12. Play Ranking Techniques

Who Should Attend

This course is intended for Geoscientists, Engineers, Planners, Landmen and Commercial Team Members charged with creating value through petroleum exploration projects.

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