Taught in both a two (2) and three (3) day format, this course focuses on the concepts and principles of statistics as it applies to the petroleum system, estimation under uncertainty, EUR assessment given success, and chance of success for prospects. In the three-day format, an integrated team exercise is available, as well as sections on performance tracking and value of information.
RESOURCES
01. Introduction
02. Statistics
03. Dealing with Uncertainty
04. Estimating Ultimate Recovery
05. Chance of Success and Expected Value
06. RMAG Exercise Introduction
07. RMAG Solution
08. Value of Information
09. Play Analysis
10. Portfolio Analysis (focusing on the exercise insights about tradeoffs)
11. Performance Tracking
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