training specialists to the upstream oil and gas industry
 
 

Prospect Evaluation and Portfolio Management

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Course overview

In this course, practical knowledge and experience are the preferred guidelines and the content deviates from the academic approach commonly proposed by training companies for the majority of geosciences related courses. Theoretical knowledge is a necessary base, however, each individual in the oil industry needs to understand and to learn how to convert an opportunity to a business case. 

The course is designed for

  • Geoscientists and managers that are involved in oil & gas exploration matters or who are dealing with reservoir quality and content predictions;
  • It is also suitable for oil industry engineers and economists working in multidisciplinary teams and having a good awareness of geological terminology and routine working methods;
  • This course does not replace any university lectures and participants are expected to have some experience in oil industry.

Learning objectives

After having followed this course, participants will be familiar with the entire oil project exploration evaluation chain, uncertainties and risk management, basic portfolio management practices and project ranking options.

Course outline

Risk analysis


Multiple objectives, dependencies


Prospect value estimates


Project / prospect databases


Project / prospect maturation and tracking


Ranking, reporting

Prospect evaluation objectives and standards


Workflow


Major components


New ventures particularities


Volumetric estimates, their parameters and results understanding


Coping with uncertainty


Probability, distributions, correlations


 

Location Start Date End Date Cost Trainer Book
Kuala Lumpur 28 Jun 2017 30 Jun 2017 £1,390 Dr Vlasta Simantov
London 9 Oct 2017 10 Oct 2017 £990 Dr Vlasta Simantov
Perth 15 Nov 2017 17 Nov 2017 £1,390 Dr Vlasta Simantov

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