Petroleum Geosciences > Prospect Maturation - Classroom Training
Code Date Format Currency Team of 10
Per Person*
Team of 7
Per Person*
Early Bird Fee
Per Person
Normal Fee
Per Person
PE1692 16 - 20 Jan 2023 Brisbane, Australia USD 3734 3907 4,142 4,342

*Fee per person in a team of 7 or 10 participating from the same organisation, registering 6 weeks before the course date
Request for a quote if you have different team sizes, content customisation, alternative dates or course timing requirements
Request for in-person classroom training or online (VILT) training format

Learn in teams and save more! Enjoy group discounts of up to 50% off normal fees for team based learning. Contact us on info@asiaedge.net to learn more today!

Code

PE1692

Date

16 - 20 Jan 2023

Format

Brisbane, Australia

Currency

USD

Team of 10
Per Person*

3734

Team of 7
Per Person*

3907

Early Bird Fee
Per Person

4,142

Normal Fee
Per Person

4,342

*Fee per person in a team of 7 or 10 participating from the same organisation, registering 6 weeks before the course date
Request for a quote if you have different team sizes, content customisation, alternative dates or course timing requirements
Request for in-person classroom training or online (VILT) training format

About this Training Course 

The prospect maturation process, from a lead to a drillable prospect, is at the heart of the exploration business. This 5 full day course will cover all aspects of the prospect maturation process: play understanding in the context of regional geological understanding, detailed prospect evaluation; realistic risk & volume assessment consistent with the play understanding and prospect details, and an introduction to exploration economics.

Throughout the course, there is a strong focus on pragmatic (geo)logical approach for assessing those aspects that are input parameters for a meaningful assessment of prospect risks and volumes, with emphasis on a balanced integration of contributions from different sub-surface disciplines. Many examples from basins from around the world are used to illustrate how traps, reservoirs, seals and charge occur in different basin settings.

Specifics topics that will be discussed include the following:

  1. The statistical fundamentals for risk and volume assessment will be presented, with practical exercises for understanding the results of a risk & volume assessment as they are displayed in expectation curves.
  2. The difference between risk and uncertainty.
  3. A full discussion of the essential requirements for a working petroleum system: Trap, reservoir, seal and charge.
  4. Examples of how traps, reservoirs, seals and charge work in different basin types around the globe and in Australian basins.
  5. Exercises and guidelines for estimating uncertainties for prospect parameters, including advice for deciding which distribution type to use, and how to constrain those distributions for meaningful uncertainty ranges (setting minimum most likely and maximum values). Particular emphasis will be given to estimating hydrocarbon column lengths with their associated uncertainties in undrilled prospects.
  6. Prospects and plays: The value of play maps and how these should be used for assessment of prospect risks and for ranking of prospects within a play.
  7. Calculating volume ranges for prospects.
  8. Calculating volumes for groups of prospects; how to add risked prospect volumes for a statistically correct representation of the volume promise of a portfolio of prospects.
  9. Geophysical evidence: Incorporating geophysical evidence (DHIs) consistently and realistically in a risk assessment. An understandable and geology-based workflow, consistent with Bayes theorem, will be presented.
  10. Exploration economics.

What this course will cover in 5 days:

This course describes the various aspects that need to be considered in the prospect maturation process, including:

  • Play development in the context of a sound understanding of the regional geology
  • Detailed prospect evaluation and understanding of the critical aspects of traps, reservoirs, seals and charge
  • Examples from plays and prospects in different basin settings from around the globe
  • Realistic and pragmatic risk and volume assessment, based on the geological understanding of plays and prospects
  • An introduction to exploration economics

Examples of plays, oil and gas fields and prospects from basins from around the world, including the Far East, will be given.

This course is designed primarily for Geoscientists in exploration who would like to improve their expertise of the prospect maturation process and risk and volume assessment. The course has proven to be of value for explorers in the early phase of their career, seasoned explorers and team leaders.

It will also benefit staff from disciplines working closely with exploration staff including Prospect Portfolio Analysts, Petrophysicists, Geophysicists and Reservoir Engineers.

  • Intermediate

At the end of the course, the participants will have a good understanding of the essentials for realistic risk and volume assessments of exploration prospects. The course should allow participants to produce well-considered and realistic assessments for prospects they may be working on, and to understand and constructively challenge risk and volume assessments of colleagues and/ or partners/ competitors. Each topic is introduced by a lecture, and learning is re-inforced by practical exercises and discussions. Hand-out materials in paper and/or electronic format will be provided. Time will be made available to discuss aspects of prospects that may be brought in by course participants.

Your expert course leader has a PhD in Geology from the University of Utrecht. He worked for 31 years (1979 –2010) with Shell as an exploration geologist in a variety of functions across the globe. As Principle Technical Expert, he was responsible for ensuring that Risk & Volume assessments were carried out consistently and correctly in all of Shell’s exploration units.

In this capacity, he led and participated in countless prospect review sessions and developed and conducted a successful in-house course on Risks & Volume assessment. As manager of the Exploration Excellence Team, he performed in depth analysis of basins and plays and provided advice on exploration opportunities to senior management. Together with his team, he visited most of Shell’s exploration offices, working hands-on with Shell’s local exploration teams to generate new play and prospect ideas and to suggest evaluation techniques and technologies to apply.

In 2010, he was appointed as extraordinary professor Regional and Petroleum Geology at the VU university of Amsterdam and in 2012 also at the University of Utrecht. He was visiting professor at the University of Malaya (Malaysia).

Through his own consultancy, as of 2010, he provides advice on exploration activities to several companies and is regularly invited to carry out technical reviews. Activities cover all continents and include Portfolio Reviews, Prospect assessment, Play-based Exploration, and Geothermal activities.

He conducts courses on several topics including Risk & Volume Assessment, Prospect Maturation, Basin Analysis, Play-based Exploration, Trap & Seal Analysis, Petroleum Geology for Non-geologists.

Some of his recent publications include:

  • De Jager, J. & van Winden, M. (2020): Play-Based Exploration of the petroleum potential of the Tremp-Graus, Aínsa and eastern Jaca Sub-basins in the southern Pyrenees. Invited contribution for Digital Geology, EAGE special publication (eds: Grötsch, J. & Pöppelreiter, M.)
  • De Jager, J. (2020). Concepts of Conventional Petroleum Systems. Invited contribution for Regional Geology and Tectonics Volume 1: Global Concepts, Techniques and Methodology (eds: Adam, J., Chiarelly, D. & Scarselli, N.)
  • De Jager, J. (2021): Handbook Risk & Volume Assessment. Self-published
  • De Jager, J., Van Ojik, K & Smit, R. (2023 – in preparation): Geological Development of The Netherlands. In: Geology of The Netherlands (eds: Ten Veen, J., Vis, G-J., De Jager, J. @ Wong, T.)

To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information about post training coaching support and fees applicable for this.

Learn what past participants have said about PetroEdge training courses

It was a very helpful training for me and it opened new horizons that helped to further enhance my knowledge

Senior Geologist, Oil & Gas Development Company Ltd (OGDCL)

This wonderful step-by-step building up skills for maturing prospector surely leads to a reasonable and balanced decision for future E&P projects

Professor, Chungbuk National

Good materials, clear hands-out and good exercises too

Reservoir Engineer, Brunei Shell Petroleum Sdn Bhd

The course is really good and provides us with further understanding and a more standardised way to mature our prospect. All aspects are covered in geology from engineer to economics

Geologist, Brunei National Petroleum Company Sdn Bhd

The trainer’s vast knowledge and skills, coupled with his excellent presentation and communication skills are what brought this course to life

Geoscientist, Petronas Carigali Sdn Bhd