Oil & Gas Training
and Competency Development

Location Houston, TX, United States
Start15 Oct 2018
End17 Oct 2018
Discipline Geology
LevelFoundation
Duration3 Days
CostUSD 2,700.00
Delivery Mechanism Classroom
This course is delivered with eBooks
Print Email

GeoX Prospect Assessment Fundamentals

This three-days course is focused on providing attendees with an overview of the methods required for assessment of the risks and uncertainties within a contemporary prospect evaluation. Participants will learn the principles and concepts that should be applied when assessing both simple and complex prospects.

Delivered in a workshop style, the course combines lectures on the principles of stochastic volume calculation, pre-assessment data collection and analysis; manual volume calculations exercises and exercises using the GeoX software suite to illustrate the analytical methods used to assess the risks and uncertainties of an exploration prospect. In the last session of the course the participants will use a case study to run their own GeoX prospect assessment.

  • Agenda
  • Topics
  • Audience
  • Prerequisites
  • Agenda

    Day 1

    • Concepts of single target (Segment) assessments
    • Probabilistic Segment Analysis Setup
    • Segment definition
    • Segment volumetrics
    • Volumetric uncertainty
    • Parameter correlations

    Day 2

    • Segment volumetrics
    • Volumetric uncertainty
    • Parameter correlations
    • Risk dependencies
    • Correlations between segments
    • Fluid communication

    Day 3

    • Risk dependencies
    • Correlations between segments
    • Fluid communication
    • Understanding multi-compartment(Prospect) results
    • Case Study example
  • Topics

    • Concepts of single target (Segment) assessments
    • Probabilistic Segment Analysis Setup
    • Segment definition
    • Segment volumetrics
    • Volumetric uncertainty
    • Parameter correlations
    • Segment risking
    • Understanding segment results
    • Concepts of multi-segment(Prospect) assessment
    • Risk dependencies
    • Correlations between segments
    • Fluid communication
    • Understanding multi-compartment(Prospect) results
    • Case Study example
  • Audience

    All geologists and geophysicists that map and generate prospects and are involved in prospect assessment.

    G&G staff that are involved in Peer reviews, QC, technical advice and exploration decision making.

    Managers involved in exploration decisions, prospect ranking and exploration portfolio decisions.

    Reservoir engineers/economists working with exploration value assessment and need to understand the probabilistic subsurface model in GeoX

  • Prerequisites

    Participants should have a background in geosciences and preferably have some exposure to petroleum exploration and prospect evaluation concepts.

  • Prerequisites

Filter upcoming courses by Country

Upcoming Courses
Oslo, Norway January 22 - 24, 2018 20% Discount La Defense, France March 12 - 14, 2018 20% Discount Gatwick , United Kingdom April 10 - 12, 2018 20% Discount Kuala Lumpur, Malaysia April 11 - 13, 2018 NExT Malaysia is a HRDF approved Training Provider.
This course is delivered with eBooks 20% Discount
Houston, TX, United States April 23 - 25, 2018 20% Discount Jakarta, Indonesia April 25 - 27, 2018 20% Discount Hannover, Germany June 18 - 20, 2018 20% Discount Beijing, China June 25 - 30, 2018 20% Discount Stavanger, Norway August 22 - 24, 2018 Aberdeen, Scotland, United Kingdom September 04 - 06, 2018 Houston, TX, United States October 15 - 17, 2018 Jakarta, Indonesia November 12 - 14, 2018 La Defense, France November 19 - 21, 2018 Hannover, Germany December 03 - 05, 2018
NExT Technical Forum:
Continue your in-class discussion and questions in an online community