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Cognitive bias, in its many manifestations, is the major cause of geotechnical overestimation and faulty probability forecasts in petroleum geoscience. The five most prevalent cognitive biases in petroleum E&P are: Confirmation Bias; Overconfidence; False Analogs; Anchoring; and Motivational Bias. They are caused by premature selection of theory, personal hubris, lack of perspective, lack of imagination, laziness, and excessive self-interest.

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The past 30+ years have witnessed a wide variety of exploration strategies and a number of technological “revolutions” in the search for oil and gas. Although the exploration landscape and tools of the trade are so different than they were in the early 1980’s, in one aspect we appear to have come full circle, realizing that a deep understanding of our basins is the critical element in any success.
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The search for unconventional hydrocarbons is not new. It’s true that almost 100 years separated the early exploration successes in the synclinal valleys of Central Pennsylvania, to the exploitation of Coal-Bed Methane in a number of basins in the U.S. and Canada in the 1980’s. Since the 1980's, however, a quiet revolution began which by today has seen several waves of unconventional resources being pursued with economic success. Coal-bed methane was followed by the search for Center-Basin Gas, Shale Gas and most recently, Liquid-rich Shales (some of which aren't shales).

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The chief geologist for a Canadian regulatory agency says the group is working to assess potential risks by better understanding the full geologic framework in the development of oil sands and heavy oil in the province of Alberta.
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As part of Senator Lisa Murkowski’s (R-AK) efforts to craft comprehensive energy legislation, the Senate Energy and Natural Resources Committee recently held a hearing to discuss 26 bills that would expand energy supplies. 
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A 1 hour presentation on some of the issues that tend to generate discussions for Risk & Volume assessments: column length prediction, what are we risking; mixed oil-gas prospects, multiple reservoir-seal pairs, geophysical evidence (DHIs), Play POS, ineffective reservoirs, etc. Recommendations on how to deal with these issues will be given.
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A half day (3 hours or so) workshop on Risk & Volume assessment, whereby the participants will be introduced to Risk & Volume assessment and actually do a risk assessment and volume calculation for an exploration prospect.
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Discover the basic fundamentals of structural geology, the response of natural materials to deformation, and what changes occur due to the application of stress and or strain energy. Practical Geomechanics will be covering the many aspects of exploration, assessment and production phases of petroleum reservoir development.

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Looking at a formation as a source rock, then turning around and considering it a viable reservoir requires you to be able to shift your thinking and to analyze a great deal of data in a new way. If you don’t, you risk not understanding the nature of “sweet spots” and how to accurately complete or use reservoir characterization studies.

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In-Person Training
Denver Colorado United States 31 May, 2015 31 May, 2015 14616 Desktop /Portals/0/PackFlashItemImages/WebReady/ace2015-sc15-seismic-geomorphology-hero1.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true ACE 2015, SEPM, Geophysics, Seismic, Business and Economics, Risk Analysis, Sedimentology and Stratigraphy, Geophysics, Interpretation, Short Courses, Conventions, Pre-Convention
Denver, Colorado, United States
31 May 2015

This course is designed to enhance interpretation skill sets with regard to geologic interpretation of seismic data. The overall objective is to present methods for reducing risk with regard to prediction of lithology, reservoir compartmentalization and stratigraphic trapping potential in exploration and production.

Denver Colorado United States 30 May, 2015 30 May, 2015 14549 Desktop /Portals/0/PackFlashItemImages/WebReady/ace2015-sc03-petroleum- economics-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true ACE 2015, Business and Economics, Risk Analysis, Resource Estimates, Economics, Engineering, Development and Operations, Business, Risk/Reserve Analysis, Conventions, Short Courses, Pre-Convention, PROWESS
Denver, Colorado, United States
30 May 2015

This course provides an overview of the petroleum industry and upstream economics, beginning with the geoscientist’s role of evaluating uncertainty in E&P, estimating prospect resources, and estimating chances of success. The course then moves on to field development scenarios and cash flow models, developing various capital budgeting economic indices to evaluate and rank various prospective field projects, production and reservoir management for producing fields and international contract arrangements and emerging trends.


Buenos Aires Argentina 11 May, 2015 12 May, 2015 14137 Desktop /Portals/0/PackFlashItemImages/WebReady/extending-mature-fields-life-cycles-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Structure, Structural Analysis (Other), Geomechanics and Fracture Analysis, Compressional Systems, Fold and Thrust Belts, Extensional Systems, Sedimentology and Stratigraphy, Sequence Stratigraphy, Clastics, Conventional Sandstones, Eolian Sandstones, Lacustrine Deposits, Carbonates, (Carbonate) Shelf Sand Deposits, Petrophysics and Well Logs, Geophysics, Seismic, Magnetic, Gravity, Direct Hydrocarbon Indicators, Geochemistry and Basin Modeling, Basin Modeling, Maturation, Oil and Gas Analysis, Source Rock, Petroleum Systems, Environmental, Ground Water, Remote Sensing, Reservoir Characterization, Engineering, Seismic Attributes, Geochemical Fingerprinting, 3D Seismic, Production, Tertiary Recovery, Secondary Recovery, Primary Recovery, Drive Mechanisms, Development and Operations, Conventional Drilling, Coring, Business and Economics, Risk Analysis, Reserve Estimation, Resource Estimates, Economics, Deep Sea / Deepwater, Deepwater Turbidites, Marine, Shelf Sand Deposits, Slope, Carbonate Reefs, Carbonate Platforms, Hydraulic Fracturing
Buenos Aires, Argentina
11-12 May 2015

Join leading scientists and industry practitioners at Extending Mature Fields’ Life Cycles: the Role of New Technologies & Integrated Strategies, a Geoscience Technology Workshop (GTW) organized by the AAPG Latin America Region and the Asociación Argentina de Geólogos y Geofísicos Petroleros (AAGGP).

San Antonio Texas United States 18 July, 2015 19 July, 2015 13769 Desktop /Portals/0/PackFlashItemImages/WebReady/hero-assessment-forecasting-and-decision-making-in-unconventional-resource-plays.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Business and Economics, Oil Sands, Oil Shale, Shale Gas, Tight Gas Sands, Coalbed Methane, Risk Analysis
San Antonio, Texas, United States
18-19 July 2015
This course is oriented towards the recognition and characterization of uncertainty in unconventional reservoirs. Starting with resource/reservoir assessment methods, it moves through the full unconventional value-chain. This two-day exercise and example filled workshop provides participants with the techniques and reasoning needed to validly assess the merits of the search for, and development of, unconventional resource plays.
Online Training
14 February, 3000 14 February, 3000 7817 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-generic-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
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