Assessing plays and prospects plays a crucial role in effectively managing financial and human resources. This course has been completely revised and updated, offering a modern and comprehensive approach to defining prospect and play volumetrics. It addresses uncertainties associated with volume estimation and the risks involved in identifying potential accumulations. With its practical focus, this course is adaptable to any workplace.

Course Objectives:

The course objectives are:

To provide knowledge and unique tools for practical, systematic, predrill assessment of potentially recoverable oil and gas
To use the best available methods - trap volumetric and hydrocarbon charge for prospects, and potential numbers and sizes of prospects for plays
To quantify all geologic risks and uncertainties
To provide insights for managers and reviewers in evaluating assessments, avoiding pitfalls, high-grading exploration opportunities, and planning selectively for the future.

Who Should Attend?

All exploration team members and leaders including geologists, geophysicists, geochemists, analysts, reservoir engineers, economists, planners and managers who make business decisions based upon exploration data.

Course Outlines:

Geological controls of oil and gas occurrence: their impact on exploration risk and success
Review of common assessment methods: selection of the most practical approach
Application of volumetric prospect assessments: techniques, comparative data, and graphs to estimate input factors, such as trap volume, porosity, net/gross saturation, hydrocarbon fill fraction, formation volume factors, and recovery efficiencies
Probability methods: the expression of uncertainty for input factors and results including Monte Carlo techniques
Risk analysis: Principles and practice
Hydrocarbon charge assessment: procedures for estimating possible amounts of oil and gas generated, migrated, and trapped in prospects
Prospect assessment workshop: projects supplied either by the instructor or by participants, worked by teams and reported to the entire group
Play assessment techniques: estimating the possible numbers, sizes, and associated risks for potential fields, with useful data on field densities, field-size distributions, oil versus gas relationships, and dependent versus independent risks
Play recognition and mapping: play classification and subdivision, and play maps that high-grade the most favorable areas with minimal geologic risks
Play assessment workshop: projects supplied either by the instructor or by participants, worked by teams and reported to the entire group
Aggregation of assessment results: summing, derisking, and preparation for economic analysis
Limitations, pitfalls, uses, and discovery concepts: the philosophy of judging and using assessment results and the importance of basic geologic concepts

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