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Play Assessment and Prospect Evaluation

HOT Engineering
Course summary
3 days
2,750 EUR excl. VAT
English
City of London
Next available date: 30/03/2020 - City of London
Open / Scheduled

Play Assessment and Prospect Evaluation

Play Assessment and Prospect Evaluation Course

Play Assessment and Prospect Evaluation - 3-Day Course

This 3-day course covers the major aspects and essential elements to generate and evaluate play and prospect for hydrocarbon exploration.

This course offers a qualitative and quantitative play/prospect assessment procedure easy to apply and reply in any industrial context. It is mostly focused on the evaluation of geologic uncertainties and risks, and practical procedure to quantify opportunities in the exploration phase.

In this course the participants will act as an exploration company following a ready-made workflow based on a real case and will learn the procedures used in oil companies. Lessons will focus on risks, limits, typical problems and uncertainties of the play assessment, especially in quantifying geological risks. Economic analysis and assessment, aggregation and presentation of data and best practice will help participants to provide insights for managers.

  • A practical course with didactical procedures and workshops
  • Provision of an operational workflow from play to prospect to basic economics that is applicable worldwide
  • A real case workshop evaluated in a team setting
  • Simulation of economic strategy

Suitability - Who should attend?

This course has been developed for members of the exploration team: geologists, petroleum engineers or geoscientists, or analysts or managers, working on exploration data and keen to learn a methodology for exploration project assessments.

Outcome / Qualification etc.

By the end of the course you will feel confident in your understanding of:

  • The evaluation of assessment techniques in the industrial application scheme
  • How to quantify geological risk and uncertainties on a play
  • The definition, assessment and risk evaluation of a prospect
  • A basic economic analysis for management strategy

Training Course Content

This Play Assessment and Prospect Evaluation course is scheduled as follows:

  • Petroleum systems - geological control factors
  • PS stages, regional parameter
  • Local effects
  • Exploration workflow
  • Play assessment and play fairway maps
  • Prospect generation and evaluation
  • Risk analysis and probability
  • POS and POF
  • Economics
  • Aggregation and presentation of results
  • Decision tree and exploration program

Expenses

The course fee includes tuition, course material, refreshments and lunch per session day and a 100 EURO non-refundable registration fee. Course fees do NOT include accommodation or living costs. Applicable taxes will be added.

The course is held at a top quality hotel with excellent meeting facilities.

Provider: HOT Engineering

HOTEngineering - Oil & Gas Courses, Reservoir Solutions & Quality Assurance

HOT – World Class Training for Oil & Gas Professionals

HOT is a leading oil and gas training provider and E&P consulting company. We come together as a multidisciplinary team, combining 33 years of training and consulting experience to deliver state of the art public courses, bespoke in-house courses, long-term...


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Contact information for HOT Engineering

HOT Engineering

Parkstrasse 6
A-8700 Leoben

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