Discipline: Geology/Geophysics
Level: Junior to Advanced
Instructor: Dr. Erik Scott
Length: 1 day
Who Should Attend
Geologists and geophysicists working in exploration, development and production.
YOU WILL LEARN
- Different methods, from simple to more complex, of calculating in-place hydrocarbons
- Ascertaining appropriate input ranges for rock and fluid properties
- Understanding what the outputs of volume calculations represent
- Relating risk to volumes
ABOUT THE COURSE
This course will cover the considerations needed when calculating in-place hydrocarbons and the chance of finding it. The mechanics of calculating volumes will be covered, however the focus of the course is on understanding how to determine appropriate rock and fluid property input ranges, implications of the different methods of volume calculation and how the output volumes are modified. We will also relate the output range of hydrocarbon volumes with different types of risk involved with the oil and gas industry. We will conclude with a discussion on how the volumes and risk numbers are used in economic analysis.
COURSE CONTENT
- Review of the petroleum system elements
- Basic methods of hydrocarbon volume calculations
- Advanced methods of hydrocarbon volume calculations
- Defining ranges of input parameters and effect on volumes
- Understanding risk assessment and how to determine it
- How the calculated volumes and risk will be used in economics