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  3. GeoX Prospect Assessment Fundamentals - (Remote Instructor-Led Series)
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GeoX Prospect Assessment Fundamentals - (Remote Instructor-Led Series)

Level: Foundation | Type: Remote Instructor Led Series | Discipline: GeoX

This 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 calculation 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.

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  • 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 mulit-compartment (prospect) results
  • Case study example

  • All geologists and geophysicists that map and generate prospects and are involved in prospect assessment, or that are involved in peer reviews, quality control and exploration decision making.
  • Managers involved in exploration decisions, prospect ranking and exploration portfolio decisions.
  • Reservoir engineers and reservoir economists working with exploration value assessment that need to understand the probabilistic subsurface model in GeoX.

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

Upcoming Classes
June 22-26, 2026 09:00 AM / GMT

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