This course provides participants with the technical knowledge required for evaluating prospects in the petroleum value chain.
Duration: 5 days
Upon completion of the course, participants are expected to be able:
- To understand prospect definition workflow and to estimate original hydrocarbon in place
- To understand risks and uncertainties related to original hydrocarbon in place methods and how to reduce the risks
- Review fundamental concepts of portfolio management and resource definition
FROM PROSPECT LEAD TO POTENTIAL FIELD (1 DAY)
- Exploration methods and strategies.
- Petroleum potential assessment in a basin and key stages in the exploration workflow.
- Production profiles prediction and well productivity potential assessment.
PLAY ASSESSMENT (1 DAY)
- Data collection and QA/QC.
- Basin screening and potential assessment.
- Petroleum system in a regional context.
- Migration and entrapment process.
- Relative timing of events.
PROSPECT ANALYSIS AND GENERATION (2 DAYS)
- Source rock potential estimation.
- Seismic and well data integration and interpretation.
- Basin evolution history.
- Timing of hydrocarbon expulsion and migration.
- Hydrocarbon in place calculation parameters with stochastic and deterministic analysis.
- Risks and uncertainty estimation.
- Prospect ranking.
- Workshop and hands-on exercises on prospect generation.
RISK ANALYSIS (1 DAY)
- Identification and assessment of risks and uncertainties related to geological factors (source, reservoir, seal, trap and preservation) and fluids (maturation, generation, migration, entrapment and timing).
- Chance of adequacy, probability of success and impact on economics
- Hands-on exercises and case study.