Day one of this course will begin with a basic overview of resource classification. Participants will learn about the classification of resources and reserves. Supplementary resources and reserve definitions will also be discussed.
On this day participants will learn about petroleum economics. After starting off with the basics, the participants will also learn about before and after tax cash flow. Selecting investments and the economic limit will also be discussed.
Participants will learn about deterministic reserves estimation methods on this day. One main focus will be on the criteria for analogues. On this day planned field examples of the deterministic reserve estimates will be shown to the students.
Statistics, Probability, and Uncertainty
On this day participants will learn about statistics, probability, and uncertainty that are associated with reserves. Day four will also cover the expected value of a reserve and the decision tree.
The last day of the course will cover simulation and probabilistic reserve estimations.
|Event Date||07-15-2019 8:00 am|
|Event End Date||07-19-2019 5:00 pm|
|Registration Start Date||06-07-2019|
|Cut off date||06-15-2020|