Risk, Uncertainty & Economic Analysis of Oil Sands

This course covers the assessment methods required for the technical and economic evaluation of Oil Sands reservoirs. The course is designed for engineers, geoscientists, commercial team members, business analysts and managers who are charged with creating value. This course is based on the idea that sound estimation of key engineering, geotechnical, and economic parameters is key for maximizing profitability. Unlike traditional deterministic methods which call for the ongoing study of key parameters to get ever closer to “The Answer,” probabilistic methods recognize that most parameters are fraught with uncertainty.