AAPG Home : Meetings : 2008 ACE-San Antonio : Short Courses : Course #2

Meeting

Alumni Activities

Technical Program

Exhibition

Sponsorship

Contacts

FAQ

DOWNLOADS:

First Announcement

EXHIBITORS:

Prospectus

Commercial Contract

Nonprofit Contract

Floor Plans

Request more information:

AAPG Convention Department
PO BOX 979 Tulsa, OK 74101-0979
+1 888 945 2274 ext. 617 (Toll Free US and Canada)
+1 918 560 2617
convene@aapg.org

Short Courses continuing education

pre-convention Course #2

American Association of Petroleum Geologists (AAPG)

Risk Analysis and Decision-Making in E&P: From Evaluating Plays and Prospects to Efficient Appraisal and Development

Dates:

Saturday, April 19 – Sunday, April 20

Time:

8:00 a.m. – 5:00 p.m.

Location:

Henry B. Gonzalez Convention Center

Instructors:

P. Jeffrey Brown (Decision Strategies, Inc., Oak Ridge, TN) and Patrick Leach (Decision Strategies Inc., Missouri City, TX)

Fee:

SOLD OUT

Includes:

Course notes and refreshments

Limit: 5

0 persons

Content:

1.5 CEU

Few analyses are more burdened with uncertainty than estimating the volumes of oil and/or gas that might be encountered in an exploration prospect, or group of prospects. It is not uncommon for the range of possible success-case volume outcomes for an exploration prospect to span several orders of magnitude. Even after discovery, significant uncertainty remains, particularly in determining the optimal way to appraise and then develop the discovery.

This is an informative, intensive, entertaining and exercise-packed two-day course that will guide participants through the entire spectrum of exploration and development, from making play entry decisions and optimal placement of appraisal wells through deciding when to acquire additional seismic data, take conventional cores, conduct well tests and/or implement early production systems. There are no prerequisites for this course and mathematics presented is straightforward. This is an excellent opportunity to attend a course seen as fundamental training in understanding the methods and practices of evaluating oil and gas producing properties.

Topics will include:

• Introduction / objectives / framing the problem
• Basic statistics and risk analysis concepts
• The play entry decision – conventional plays
• The play entry decision – unconventional plays - contrasting the approach and mathematics for conventional versus unconventional plays
• Prospect risk and decision analysis
• Decision trees and the value of information
• Post-discovery risk and decision analysis
• Wrap-up/discussion/conclusion

Hosted by:

Non-Endorsement Policy

The American Association of Petroleum Geologists (AAPG) does not endorse or recommend any products and services that may be cited, used or discussed in AAPG publications or in presentations at events associated with AAPG.