http://www.spegcs.org SPE-GCS Calendar Event RSS feed. . Copyright 2005, SPE-GCS Tendenci Membership Management Software by Schipul - The Web Marketing Company en-us noemail@spegcs.org Thu, 09 Sep 2010 14:34:40 GMT Events http://www.spegcs.org/en/cev/1683 <div class="vevent"> <a class="url" href="http://www.spegcs.org/en/cev/1683"> <span class="summary">SPEI: Risk Analysis for Development Applications</span> </a><br/> <span class="tdtstart">Start Date:</span> <abbr class="dtstart" title="20100224T130000Z">24-Feb-10 8:00 AM</abbr> <br/> <span class="tdtend">End Time:</span> <abbr class="dtend" title="20100225T220000Z">25-Feb-10 5:00 PM</abbr> <br/> <span class="tlocation">Location:</span> <span class="location"> SPE Houston Office Training Centre, Houston, TX 77042</span> <br/> <span class="tspeaker">Speaker:</span> <span class="speaker">Mark McLane, Gary Citron</span><br> <br/> <span class="tdescription">Event Details:</span> <div class="description"><p style="margin: 0in 0in 0pt"><strong><em><span style="font-family: 'Arial,BoldItalic','sans-serif'">Intended Audience</span></em></strong></p> <p style="margin: 0in 0in 0pt">Petroleum engineers, geologists, geophysicists, managers and others involved with the design or implementation of risk analysis systems in the development environment.</p> <p style="margin: 0in 0in 0pt"><strong><em><span style="font-family: 'Arial,BoldItalic','sans-serif'">Description</span></em></strong></p> <p style="margin: 0in 0in 0pt">Introductory course about the application of systematic risk analysis to identify, quantify and manage the risks and uncertainties involved with modern petroleum field development and production. The instructors, both petroleum engineers, are experienced practitioners and educators with broad and diverse expertise in all facets of E&amp;P project characterization and risk analysis.</p> <p style="margin: 0in 0in 0pt"><strong><em><span style="font-family: 'Arial,BoldItalic','sans-serif'">Topics Covered</span></em></strong></p> <p style="margin: 0in 0in 0pt"><span style="font-family: SymbolMT">&#9830; </span>Introduction to probability and statistics as the language of uncertainty, including a discussion of</p> <p style="margin: 0in 0in 0pt">the different types of distributions and how to apply them</p> <p style="margin: 0in 0in 0pt"><span style="font-family: SymbolMT">&#9830; </span>Discussion of the impact of dependencies of variables and how to model them</p> <p style="margin: 0in 0in 0pt"><span style="font-family: SymbolMT">&#9830; </span>Exercises focused on developing better estimating skills with an emphasis on estimating in</p> <p style="margin: 0in 0in 0pt">ranges, rather than single values</p> <p style="margin: 0in 0in 0pt"><span style="font-family: SymbolMT">&#9830; </span>Tools and techniques for identifying which variables have the greatest impact on overall project value</p> <p style="margin: 0in 0in 0pt"><span style="font-family: SymbolMT">&#9830; </span>Probabilistic reserve estimating using: analog analysis, volumetric analysis, material balance, decline curves and reservoir simulation</p> <p style="margin: 0in 0in 0pt"><span style="font-family: SymbolMT">&#9830; </span>Developing credible probabilistic production forecasts</p> <p style="margin: 0in 0in 0pt"><span style="font-family: SymbolMT">&#9830; </span>Geologic, non-geologic and commercial chance of success</p> <p style="margin: 0in 0in 0pt"><span style="font-family: SymbolMT">&#9830; </span>Building economic models from base case through multiple scenarios</p> <p style="margin: 0in 0in 0pt"><span style="font-family: SymbolMT">&#9830; </span>Introduction to portfolio rollup principles and portfolio management</p> <p style="margin: 0in 0in 0pt"><span style="font-family: SymbolMT">&#9830; </span>Systematic performance tracking to calibrate estimates and improve predictability</p></div> </div> <br/> <div class="vcard"> <a class="fn">SPE Houston Office Training Centre <br/> <div class="adr"> <div class="street-address">10777 Westheimer Rd Suite 1075</div> <span class="locality">Houston</span>, <span class="region">TX</span> <span class="country-name">USA</span> <span class="postal-code">77042</span> </div> </a></div> http://www.spegcs.org/en/cev/1683 Wed, 24 Feb 2010 13:00:00 GMT