Registration

Registration is now closed. To be placed on a waiting list, fill out the Mail or Fax (PDF) and send to the address on the form.

Coffee Breaks 10 November

Reception 10 November

Lunch Sponsor 10 and 11 November

Coffee Break Sponsor 11 November

Materials

View All

Probabilistic Subsurface Assessments

10-11 November 2008
Houston, Texas USA

The upstream oil industry has adopted probabilistic methods as a means to improve decision quality. This is achieved by performing better risk assessments on green and brown-field developments. This approach requires a shift from deterministic, single "right-model” thinking to a philosophy that acknowledges subsurface uncertainty in all fields. The key to successful decision making is quantifying and managing these uncertainties. Uncertainties must be managed from reservoir performance and economic standpoints. This workshop is intended to share experiences and gather best practices related to performing probabilistic subsurface assessments.

Topics to be discussed include

The significance of subsurface uncertainties and distributions
Assessing static and dynamic uncertainty
Probabilistic history matching
Integrated risk assessment
Decision analysis and value-of-Information studies
Linking probabilistic assessments with reserves