Prospect Evaluation, Risks and Volumes
Consultant/Trainer: Jan de Jager/Maarten Wiemer
The Petrogenium (in collaboration with EPTS) Prospect Evaluation, Risks and Volumes course participants will gain a comprehensive understanding of how to assess the risks and potential hydrocarbon volumes associated with drilling exploration wells, which is essential for making informed business decisions in the petroleum industry. They will learn practical methodologies for evaluating geological details, regional context, and current play understanding, enabling them to realistically estimate the chance of success and the potential volumes of a prospect.
Participants
This Petrogenium course is designed in the first place for geoscientists working in exploration, for prospect portfolio analysts and for their direct supervisors. It is also a very instructive course for staff from disciplines working closely with exploration staff, such as reservoir engineers, petrophysicists and geophysicists.
Learning Objectives
At the end of the course the participants will have a good understanding of the essentials for realistic risk and volume assessments of exploration prospects. The course should allow participants to produce well-considered and realistic assessments for prospects they may be working on, and to understand and constructively challenge risk and volume assessments of colleagues and/or partners/competitors (e.g. in a data room).
DAY 1
- General introductions
- Introduction and basics
- Risks/Volumes/Uncertainty
- Prospects and Plays
- Prospects and portfolios
DAY 2
- Recap Day 1
- Traps
- Traps in HC provinces
- Reservoirs
- Reservoirs in HC provinces
DAY 3
- Recap Day 2
- Seals
- Pressures and overpressures
- Seals & Pressures in HC provinces
- Charge
DAY 4
- Recap Day 3
- Charge in HC provinces
- Risk assessment group exercise
- Volume assessment back-of-envelope
- Volumes and Portfolios
DAY 5
- Recap Day 4
- Exploration economics
- Geophysical evidence
- Local prospect examples
- Look backs
Programme
DAY 1
- General introductions
- Introduction and basics
- Risks/Volumes/Uncertainty
- Prospects and Plays
- Prospects and portfolios
DAY 2
- Recap Day 1
- Traps
- Traps in HC provinces
- Reservoirs
- Reservoirs in HC provinces
DAY 3
- Recap Day 2
- Seals
- Pressures and overpressures
- Seals & Pressures in HC provinces
- Charge
DAY 4
- Recap Day 3
- Charge in HC provinces
- Risk assessment group exercise
- Volume assessment back-of-envelope
- Volumes and Portfolios
DAY 5
- Recap Day 4
- Exploration economics
- Geophysical evidence
- Local prospect examples
- Look backs