April 17, 2008


Description

Course Contents

  • Introduction to probability and statistics as the language of uncertainty, including a discussion of the different types of distributions and how to apply them;

  • Discussion of the impact of dependencies of variables and how to model them;

  • Exercises focused on developing better estimating skills with an emphasis on estimating with ranges, rather than single values;

  • Building probabilistic reserve and resource estimates from commonly used methods;

  • Value of Information, including how to deal with imperfect information using Bayes’ Theorem;

  • Systematic performance tracking to calibrate estimates and improve predictability.

Who Should Attend

Petroleum engineers, geologists, geophysicists, managers and others involved with the design or implementation of risk analysis systems in the development environment.

About the Course

Introductory course about the application of systematic risk analysis to identify, quantify and manage the risks and uncertainties associated with petroleum field development and production. The instructor is an experienced practitioner and educator with broad and diverse expertise in all facets of E&P project characterization and risk analysis.


Featured Speakers

Speaker Mark McLane
Partner Rose & Associates, LLP Mark A. McLane is a Partner in the international consulting firm of Rose & Associates, LLP (R&A). R&A provides risk analysis education, software and consulting services for companies worldwide. In 2004 – 2005 he served as a Distinguished Lecturer of the Society of Petroleum Engineers …

Partner
Rose & Associates, LLP

Mark A. McLane is a Partner in the international consulting firm of Rose & Associates, LLP (R&A). R&A provides risk analysis education, software and consulting services for companies worldwide. In 2004 – 2005 he served as a Distinguished Lecturer of the Society of Petroleum Engineers on the topic of "Reserve Overbooking – An Issue of Professional Ethics."



He has a diverse technical and business background spanning more than 25 years in the petroleum industry. He joined Rose & Associates in January 2000 after three years with Pioneer Natural Resources and 17 Years with Exxon Company, U.S.A. He has co-authored several technical papers and served on the Professional Ethics/Registration Panel at the 2003 SPE ATCE in Denver, Colorado. He has taught courses for the Gulf Coast Section of SPE, SPE-ATCE, SPE-EAGE, SPE-HEES, AAPG and the Houston Geological Society.



He holds a BSc with Honors in Petroleum Engineering from The University of Texas at Austin.



 


Full Description



Organizer

Nami Southern


Date and Time

Thu, April 17, 2008

8:30 a.m. - 5:30 p.m.
(GMT-0600) US/Central

Event has ended

Location

Petroleum Club

800 Bell
Houston, Texas 77002