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This two day course provides participants with an overview of the concepts of full cycle value assessment of exploration ventures. The course combines lectures, exercises using manual calculations, and exercises using GeoX to illustrate assessment concepts and their application.
The main part of the course is built around a realistic case with a cluster of exploration opportunities. The introduction will look at a quick look screening model for a single target. The concepts and application will then be expanded to handle multiple targets with staged, conditional exploration and exploitation activities that involve shared risk dependencies, shared facilities and shared fiscals.
An extra introduction course day for basic risk and resource assessment with GeoX can be run before the two days.333
Participant should either have a background in exploration economics and/or reservoir engineer background. Knowledge about geosciences, prospect evaluation and/or experience from exploration decisions is beneficial.
Customize your own learning journey and track your progress when you start using a defined learning path.