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Course Offerings
GeoKnowledge offers a wide selection of courses
that have been specifically designed to improve your ability to
make effective decisions while you learn how to use the GeoX tools
effectively. We provide both open-enrollment and in-house client
courses. Course content and format reflect our belief in learning
by doing, with a strong emphasis on use of realistic decision cases.
Here are some of the courses we offer, with
more details on each below:
- Introduction
to GeoX
- Doing Prospect Risk and Resource Evaluation
with GeoX
- Doing Full Cycle Economics of Exploration
Ventures with GeoX
- Doing Assessment of Yet-To-Find
potential in Plays with GeoX
- Modern
Prospect Assessment School
- Effective
Decision Making in Upstream Petroleum
- Direct Fluid Indicator (DFI) Risk Modification
Workshop
Introduction
to GeoX - 1 day
A hands-on introduction to doing quality assured and consistent
evaluation of prospect risks and resources using the GeoX decision
support tools. The course combines a review of the basics of prospect
evaluation with effective use of GeoX. It covers alternative approaches
to volume modelling of single container prospects (segments). Templates
for documenting and justifying analyses are reviewed in order to
learn how GeoX can be used to promote high quality exploration decisions.
Prerequisites: Introductory knowledge of
exploration risk, hydrocarbon resource and full cycle economics
estimation are required. It is also useful to have some background
in probabilistic analysis.
Doing Prospect
Risk and Resource Evaluation with GeoX - 2 days
A hands-on introduction to doing quality assured and consistent
evaluation of prospect risks and resources using GeoX. The course combines a review of the basics of
segment and multiple segment prospect evaluation with effective use
of GeoX. It covers alternative approaches to volume modeling of
segments as well as shared risk and dependency group approach
to modeling multisegment prospects, conformable beds and leak
connections.
Prerequisites: Knowledge of exploration risk
and resource estimation is required. Introductory knowledge of the
mechanics of using GeoX is useful. It is also useful to have some
background in probabilistic analysis.
Doing Full
Cycle Economics of Exploration Ventures with GeoX - 1 day
A hands-on introduction to doing quality assured and consistent
evaluation of exploration projects in terms of full cycle economics
using the GeoX decision support tools. The course combines a review
of the basics of full cycle project economics with effective use of
GeoX. It covers both rapid initial single case analysis with more
detailed evaluation of probabilistic full cycle economics. It covers tranched, non-linear models of exploration, development
and production activities and costs as a means to capture how activities
and costs vary with uncertain recoverable resources. The course
will also review use of multiple scenarios to model full cycle value
for exploration ventures that involve multiple zone prospects, multiple
prospect concessions and prospect clusters.
Prerequisites: Knowledge of full cycle exploration
project definition and estimation of prospect economics using metrics
such as NPV and EMV is required. Introductory knowledge of the mechanics
of using GeoX is useful. It is also useful to have some background
in probabilistic analysis.
Doing
Assessment of Play Yet-To-Find Resources with GeoX -1 day
A hands-on introduction to doing quality assured and consistent
evaluation of play risks and yet-to-find potential using GeoX. The course combines a review of the basics of
play and play-fairway evaluation with effective use
of GeoX. It covers alternative approaches to modelling field size
distribution of postulated potential accumulations, small field
fractions as well as aggregation of part-plays with risk and volume
dependency.
Prerequisites: Knowledge of exploration risk
and resource estimation is required. Introductory knowledge of the
mechanics of using GeoX is useful. It is also useful to have some
background in probabilistic analysis.
Modern
Prospect Assessment School - 3 days
This course is an introduction to the methods required for
assessment of the risks
and uncertainties in a contemporary prospect evaluation.
Participants will
learn the principles that should be applied when assessing both
simple and
complex prospects. The course combines lectures, discussion
and numerous exercises. Exercises are designed to promote
understanding and mastering of the fundamentals of methodologies and
analytics. The exercises therefore involve simple calculations using
hand-calculators and manual simulators.
Day 1:
Philosophy of prospect assessment, prospects within plays and
portfolios, basic volumetrics, uncertainty and risking, introduction
to Monte Carlo simulation, prospect segmentation concepts.
Day 2:
Aggregating multiple-segment prospects, complex risk and volume
relationships, interpreting prospect results, alternative scenarios,
advanced risking using Bayesian updating.
Day 3:
Integrative prospect assessment exercise. Introduction to play
analysis, economic evaluation, portfolio evaluation, and assessment
performance tracking.
Prerequisites: The course is intended for
engineers, geologists, geophysicists, economists, planners, managers
and technical support staff.
Effective
Decision Making in Upstream Petroleum - 3 days
Provides participants with a comprehensive understanding of the
fundamentals of good decision making and the basis for adapting
their company's culture to integrate various decision tools into
day-to-day problem-solving. Learning is achieved as participants
work through decision problems relevant to upstream petroleum exploration
and exploitation using lectures, dynamic breakout sessions and mock
meetings between decision makers and project teams. The participants
develop practice and skills in problem framing, probabilistic analysis
and decision board meetings..
Prerequisites: Introductory knowledge of
exploration risk, hydrocarbon resource and full cycle economics
estimation is required. It is also useful to have some background
in probabilistic analysis.
Direct Fluid
Indicator (DFI) Risk Modification Workshop - 1 day
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.
For more information on GeoX courses please
contact
us.
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