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    • Class and Course
    1. NExT
    2. Petrotechnical
    3. Probabilistic Resources Evaluation

    Probabilistic Resources Evaluation

    • Skill
    • 5 Days
    • classroom1Classroom
      • Average client rating (based on 17 attendee reviews)

    During this course, the main focus will be to teach the participants about probabilistic reserve estimation methods, along with risk and uncertainty in evaluation economics.  The course will also review reserve and resource definitions and classifications, emphasizing deterministic and probabilistic definitions.  Important background material from statistics and probability will be covered, with applications to expected value, probability trees, and simulation.

    Participants can expect to learn about the economic evaluation of reservoirs and the methods of dealing with risk and uncertainty.  A key concept that will be covered is probabilistic estimation procedures in different countries.  Participants will be introduced to the Monte Carlo simulation of reserves along with the value of reserves.  Throughout the course, spreadsheets will be used to demonstrate important concept and how to handle complex scenarios.

    Petroleum engineers, geologists, reserves analysts and anyone whose job responsibilities include the estimation of reserves.

    Basic understanding of geology and reservoir engineering along with an understanding of petroleum economics. The course Deterministic Resources Evaluation offerd by NExT is a pre-requisite for this course.

    Currently there are no scheduled classes for this course.

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    Petrotechnical

    Operations and Maintenance

    Energy Transition

    SLB Software

    Digital Technology

    Technical Challenges

    Health Safety and Environment (HSE)

    Business Management

    E&P Introduction and Fundamentals

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