Quality Control Techniques for Prospects and Acquisitions
Don't be too quick to drill that next dry hole. Success is not the result of serendipity, but is based on solid scientific work. This course addresses the need for a systematic approach for quickly screening interpretations, maps, prospects and potential resources or reserves and identifying fundamental interpretation, mapping and estimating errors. The reverse application of methods and techniques as presented in our courses such as Applied Subsurface Geological Mapping and Advances Structural Geology is the core of this course. The most common errors found on subsurface interpretations and maps are illustrated with numerous examples from around the world.
The course begins with a review of examples of interpretation and mapping errors that led to poorly located wells that are uneconomic or dry, as well as inaccurate reserves or resources estimates. Methods used to address the risk factors that can cause dry holes are reviewed. The participants are then challenged with a series of real exploration and development prospects. The participants are to evaluate each project. After their evaluation, the projects are reviewed and the QC techniques that are applicable to evaluate each project are discussed. A course manual, including the challenging projects with solutions, is provided for this course.
- Develop an understanding of how to evaluate a variety of subsurface maps including fault, structure, and isochore maps.
- Understand the types of questions to ask when reviewing interpretations, maps and prospects.
- Evaluate the 3-D viability of an interpretation, map or prospect.
- Evaluate whether the resources or reserves attributed to a completed interpretation or map are under or over estimated.
- Determine whether an interpreter has applied sound, industry accepted, geoscience principles and methods to generate an interpretation, map or prospect.
Who Should Attend
Prospect generators, exploration and development geoscientists, property and prospect evaluators, supervisors, managers, bankers, investors and anyone involved in preparing, reviewing or evaluating subsurface interpretations, prospects, fields and reserves or resources.
0.8 CEUs (Continuing Education Units) awarded for this 1-day course.
All cancellations must be received no later than 14 days prior to the course start date. Cancellations made after the 14 day window will not be refunded. Refunds will not be given due to no show situations.
Training sessions attached to SPE conferences and workshops follow the cancellation policies stated on the event information page. Please check that page for specific cancellation information.
SPE reserves the right to cancel or re-schedule courses at will. Notification of changes will be made as quickly as possible; please keep this in mind when arranging travel, as SPE is not responsible for any fees charged for cancelling or changing travel arrangements.
We reserve the right to substitute course instructors as necessary.
Full Regional cancellation policies can be found at the “Cancellation Policy” link on the SPE Training Course Catalog page: http://www.spe.org/training/catalog.php.
Robert C. Shoup