Oil & Gas Training
and Competency Development

Location Gatwick , United Kingdom
Start21 Mar 2018
End21 Mar 2018
Discipline Economics and Finance
LevelFoundation
Duration1 Day
CostUSD 875.00
Delivery Mechanism Classroom
This course is delivered with eBooks



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Merak Decision Tool Kit

The Merak Decision Tool Kit* course provides an overview of risk analysis within the complexity and uncertainty of the global oil and gas industry. This course covers decision analysis using Merak Decision Tool Kit. Using deterministic and probabilistic approaches, you can compare opportunities and quantify your risk and uncertainty.

In this course, you learn how to use the Merak Decision Tool Kit components to create tornado diagrams and build a decision tree for a new drilling program. You analyze the risk exposure at the asset and corporate level, as well as assess the value of investments.

  • Topics
  • Audience
  • Prerequisites
  • Topics

    • Overview of the decision analysis process
    • Use tornado charts and the Merak Peep application to build a decision tree
    • Model simple decisions
    • Create complex decision trees
    • Explore dependent probabilities
    • Learn about the value of information
  • Audience

    Anyone seeking to learn effective use of the Merak Decision Tool Kit software

  • Prerequisites

    Merak Peep Fundamentals and an understanding of basic risk analysis concepts such as sensitivity analysis and expected value

  • Prerequisites

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Upcoming Courses
Gatwick , United Kingdom November 29 - 29, 2017 Aberdeen, Scotland, United Kingdom February 07 - 07, 2018 Gatwick , United Kingdom March 21 - 21, 2018 Aberdeen, Scotland, United Kingdom June 06 - 06, 2018 Gatwick , United Kingdom September 12 - 12, 2018 Aberdeen, Scotland, United Kingdom November 07 - 07, 2018 Gatwick , United Kingdom December 12 - 12, 2018
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