Aug. 13, 2021


Description

Decisions in Exploration and Production (E&P) ventures are affected by bias which permeates our analyses, interpretations and recommendations. This often leads to poor decisions regarding what work to undertake, which issues to focus on, and whether to forge ahead or walk away from a project.

This course begins by examining the types of bias that affect us. Exercises, polling questions and videos help illustrate how these manifest themselves in our daily work. We then address their role in the oil and gas industry by presenting illustrative examples showcasing their impact. Two case studies, including one on the Eagle Ford, will be presented and participants will be asked to identify forms of bias that contributed to the project outcome and how these could have been addressed. The course concludes with a mitigation ‘toolkit’ that can immediately be applied to project work.

This course it a real “eye-opener” because participants see how subconscious thinking patterns lead to errors in processing information. These errors are common in all of us. Fortunately, they are predictable and repeatable, offering us the chance to develop the means to combat them.   

A pdf file of the slides presented will be provided to attendees in advance. The course has been very popular with everyone from oilfield hands to C-suite executives. Participant comments about the course include:

New concepts and materials-lightbulb moment!

Powerful use of industry examples

Resonates through all of what we do

 


Featured Speakers

Speaker: Creties Jenkins (P.E., P.G.)
Speaker Creties Jenkins (P.E., P.G.)

Creties Jenkins (P.E., P.G.) is a Partner with Rose and Associates where he specializes in play and reservoir characterization. He has carried out integrated studies, resource assessments, and project reviews for more than 50 companies around the world and has conducted more than 100 industry courses and workshops on a …

Creties Jenkins (P.E., P.G.) is a Partner with Rose and Associates where he specializes in play and reservoir characterization. He has carried out integrated studies, resource assessments, and project reviews for more than 50 companies around the world and has conducted more than 100 industry courses and workshops on a variety of topics.  The experience of dealing with challenging projects around the world for more than a quarter century forms the foundation for the principles and examples in the Mitigating Bias course


Creties has served as a technical editor, distinguished lecturer, and distinguished author for SPE and is a recipient of AAPG’s “Distinguished Service Award”. He was also a co-author of SPEE Monograph 4: Estimating Ultimate Recovery of Developed Wells in Low-Permeability Reservoirs (2016). More recently Creties presented a very popular talk at numerous professional society meetings called How Not to Squander Billions on Your Next Unconventional Venture which was also published as an URTeC paper in 2019. He is currently building a course called Play-based Assessment of Subsurface Reservoirs for CO2 Storage which will debut in 2022.


Creties previously worked for Tenneco, ARCO, and DeGolyer & MacNaughton in multiple roles over his 35-year career. He is a partner in Rose & Associates, LLP, which provides training, consulting and software focused on quantifying and mitigating subsurface uncertainty and risk. Additional details can be found at https://www.linkedin.com/in/creties-jenkins-565671/  and https://www.roseassoc.com/

Full Description



Organizer

Patricia E. Carreras

Chair - SPE GCS Continuing Education Committee


Date and Time

Fri, Aug. 13, 2021

8 a.m. - noon
(GMT-0500) US/Central

Event has ended

Location

Online - No recording