Mastering Uncertainty and Risk in Unconventional Reservoir Assessment (Shale, Coals, Tight Sandstones & Carbonates)

---

Disciplines: Completions | Drilling | Production and Operations | Reservoir

Course Description

This one-day course provides a robust framework for assessing uncertainty and risk in unconventional projects. It begins by summarizing the key discipline-specific workflows and work products needed to characterize your project. It then introduces 1) statistics as a basis for applying probabilistic techniques, 2) approaches for estimating key parameters under uncertainty, and 3) techniques to mitigate bias in your work. The course then turns to using aggregation and its derivative products (trumpet plots, confidence curves, and sequential aggregation plots) to quantify the optimal number of appraisal wells and track your drilling progress. The course concludes by applying what’s been learned within a staged approach in order to expose capital incrementally and make good decisions along the way about whether to continue funding the project. Geoscientists, engineers, commercial team members, business analysts, and managers will all benefit from this course.

Preliminary Agenda

Learning Level

Intermediate

Course Length

1 Day

Why Attend

This course provides a probabilistic framework for assessing uncertainty and risk in unconventional oil and gas projects. Participants will learn:

• Products and workflows are needed to characterise their unconventional project
• The usage of statistics as a language for communicating uncertainty
• How aggregation reduces uncertainty and risk
• How a rigorous stage gate process incrementally exposes capital and helps you make better investment decisions

Who Attends

This course is intended for geoscientists, engineers, commercial team members, business analysts, and managers charged with creating value from their unconventional projects.

CEUs

0.8 CEUs (Continuing Education Units) are awarded for this 1-day course.

Cancellation Policy

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.

Instructor

Other courses by this instructor