Price: USD 1,950
Instructor led live virtual classroom online. Classes may be individual or in group.
- Duration / Course length: 5 Days
- Timings: Flexible
Course details
Course Overview- How to Calculate geological risk and uncertainty in exploration prospects
- Determine prospect resource volume estimates
- Assess resource distribution in a play
- Understand the differences between stochastic and probabilistic estimates and have the knowledge to know when to one or the other.
- Predict the number and size distribution of potential future fields in a play
- Describe and calibrate risks associated with discovering a successful play
Course Outlines
- Geological controls of oil and gas occurrence: their impact on exploration risk and success
- Review of common assessment methods: selection of the most practical approach
- Application of volumetric prospect assessments: techniques, comparative data, and graphs to estimate input factors, such as trap volume, porosity, net/gross saturation, hydrocarbon fill fraction, formation volume factors, and recovery efficiencies
- Probability methods: the expression of uncertainty for input factors and results including Monte Carlo techniques
- Risk analysis: Principles and practice
- Hydrocarbon charge assessment: procedures for estimating possible amounts of oil and gas generated, migrated, and trapped in prospects
- Prospect assessment workshop: projects supplied either by the instructor or by participants, worked by teams and reported to the entire group
- Play assessment techniques: estimating the possible numbers, sizes, and associated risks for potential fields, with useful data on field densities, field-size distributions, oil versus gas relationships, and dependent versus independent risks
- Play recognition and mapping: play classification and subdivision, and play maps that high-grade the most favorable areas with minimal geologic risks
- Play assessment workshop: projects supplied either by the instructor or by participants, worked by teams and reported to the entire group
- Aggregation of assessment results: summing, derisking, and preparation for economic analysis
- Limitations, pitfalls, uses, and discovery concepts: the philosophy of judging and using assessment results and the importance of basic geologic concepts
Who Should Attend?
All exploration team members and leaders including geologists, geophysicists, geochemists, analysts, reservoir engineers, economists, planners and managers who make business decisions based upon exploration data.
Updated on 14 April, 2025
Job roles this course is suitable for:
geologists , geophysicists , geochemists , analysts , reservoir engineer , economists , plannerAbout ITCgroup
ITC Group is a leading provider of training, consultancy, and professional development services, delivering cutting-edge tools, techniques, and strategies to help individuals and organizations succeed. With a team of highly experienced trainers, we equip students, graduates, and employees with essential skills to excel in today’s job market.Our programs cater to both public and private sector professionals, focusing on technical expertise, leadership development, and workplace competencies. Whether you're looking to enhance your skills, improve team performance, or stay ahead in a rapidly evolving industry, ITC Group provides customized training solutions designed to maximize professional growth and career success.
What Makes ITC Group Stand Out?
- Comprehensive Training Programs – Covering technical skills, leadership abilities, and workplace competencies.
- Flexible Learning Options – Courses are available both online and on-site in Cairo, ensuring accessibility for all learners.
- Expert Instructors – Industry professionals with real-world experience delivering practical, hands-on training.
- Career-Ready Approach – Our courses emphasize skill enhancement, behavior modification, and career readiness, making professionals highly valuable to their organizations.
- Commitment to Sustainability & Green Energy – Beyond professional training, we actively promote renewable energy, energy efficiency, and environmentally friendly practices, helping individuals and businesses adopt sustainable solutions for a better future.
Whether you're an individual looking to boost your career or an organization seeking to upskill your workforce, ITC Group is your trusted partner for success.
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