The workshop emphasize on how to minimize the effect of success case biasing when risking prospects that are supported by seismic anomalies. During the Direct Fluid Indicator (DFI) Risk Modification Workshop, you will learn a new, practical and straightforward approach to this problem that relies on a systematic Bayesian updating of risk estimates. The approach can be applied to all prospects and uses geological risk as its basis. It encourages the consideration of prospect specific hydrocarbon visibility factors: What do I see? What might I expect to see? Which alternative explanations are there for what I see?
The DFI risk modification methodology has been incorporated into GeoX gProspectR tool for prospect resource and risk assessment. The afternoon session will give a hands-on exercise using the tool.
Who should attend the workshop?
Geophysicists - This workshop is essential for all geophysicists who want to maximize the use of the pore-fluid message conveyed directly by seismic data.
Geologists - It is important that geologists are fully involved in the risking of "geophysically driven" prospects.
Managers - who want to know why their "dead certain" flat spot-supported prospect didn't work
Duration: 1 day
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