About this Virtual Instructor Led Training (VILT)
A decision to drill an exploration well with the objective to find a new oil or gas field must be based on sound assessment of the prospect risk and of the volumes. What is the chance that a well will find hydrocarbons, and how much could it be? Risk and volume assessments form the basis for decisions to drill a well or not, and as such form the link between subsurface evaluation and the business aspects of the petroleum industry.
This Virtual Instructor Led Training (VILT) course explains how risks and volumes can be assessed in a realistic manner, based on a sound understanding of the geological details of the prospect as well as its regional geological setting and current play understanding.
Participants of this VILT course will receive a softcopy of Risk and Volume Assessment Handbook which explains the concepts that are associated with probabilistic Risk & Volume (R & V) Assessment and contains many practical recommendations on how to translate geological understanding into meaningful inputs for probabilistic R &V assessments. The book is fully compatible with any probabilistic R & V tool in the industry.
By the end of this VILT course, participants will be able to understand:
- The fundamentals of risk and volumes assessment; translating geological understanding into reasonable numbers and ranges.
- The difference between risk and uncertainty.
- Fundamentals of statistics; including explanation of distribution curves, understanding of expectation curves, do’s and don’ts for adding risked volumes, and Bayes theorem.
- Uncertainty of trap, reservoir, seal and charge, illustrated by examples.
- Guidelines and exercises for estimating risks realistically and consistently.
- Calculating volume ranges for prospects and for portfolios of prospects; how to add prospect volumes for a correct representation of prospect portfolios.
- Incorporation of geophysical evidence (DHIs) in a realistic risk assessment.
This VILT course has been designed in the first place for geoscientists working in exploration, for prospect portfolio analysts and for their direct supervisors. It will also benefit staff from disciplines working closely with exploration staff, such as reservoir engineers, petrophysicists and geophysicists.
Learning, methods and tools
The VILT course will be delivered online in 5 half-day sessions comprising 4 hours per day, with 2 breaks of 10 minutes per day. It is the intention to have at least 2 smaller exercises per day. Time will be reserved for recapitulation, questions and discussions.
VILT will be conducted either via Zoom or Microsoft Teams. Presenting materials can easily be done on this platform. When participants need to ask a question, they can raise their hand, write notes or interrupt the Instructor by using their microphone. The presenter can switch to a screen where he/she can see all participants (also when each participant is sitting in another location e.g. at home). There is also a whiteboard functionality that can be used as one would use a flip chart. Exercises will be done on an online platform which provides each participant with a private work area that can be accessed by the Instructor to discuss the exercise in a similar manner as in a classroom course.
Each topic is introduced by a lecture, and learning is re-enforced by practical exercises and discussions. Handout material in electronic format will be provided.
Dr. Jan de Jager has a PhD in Geology from the University of Utrecht. He joined Shell in 1979 as an exploration geologist, and worked in several locations around the world such as Netherlands, Gabon, USA, Australia, Argentina, and Malaysia in technical and management positions. During the last 10 years of his career, he was responsible for the quality assurance of Shell’s exploration prospects in many parts of the world and for upgrading and replenishing Shell’s global exploration portfolio. During this period, he had also developed extensive expertise in Prospect Risk and Volume assessments for which he ran successful internal training programmes. Following his retirement from Shell in 2010, Dr Jan de Jager took on a position as part-time professor at the University of Amsterdam and also serves as a consultant exploration advisor for various E&P companies.
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
This is a very good topic. The training provided step by step knowledge about every aspect that can affect prospect calculation.
Geophysicist, Star Energy
Great course. The course is very interesting and relevant to current exploration practices
Subsurface Analyst, Woodside
Very good training. Comes with a complete module on how to assess prospect risk as well as to estimate POS & Volumetrics
Geologist, Medco Energi
Very helpful course. Thanks a lot.
Geophysicist Assistant, National Petroleum Authority (ANP) – Timor Leste
Very knowledgeable trainer.
NV Manager, JX Nippon
It was very helpful training for me and it opened new horizons that helped to further enhance my knowledge.
Sr. Geologist, Oil & Gas Development Company Ltd (OGDCL)
This wonderful step-by-step building up skills for maturing prospector surely lead 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
Excellent Training, the subject matter is well covered, good examples where given, exercises where great, all the questions where answered, Teacher is great expert with a lot of experience in this job. Thank you.
Excellent course with great overview and details. Organizer and instructor were well prepared for virtual delivery. Course contents are directly relevant to working need.
Senior Geologist, Petroleum Sarawak Exploration & Production Sdn Bhd
The course was very useful. It improved my current skills. I will be able to apply the knowledge of program in my future job.
Exploration Expert Geologist, INA
This is a very beneficial & relevant course for all explorationists in oil & gas industry. For me, coming from a geophysics background and mostly worked in asset development environment in past career, is a good exposure for all the basics concepts, relevant cases that are related to Prospect derisking and volumetric assessment. This course definitely will help me in my current job in exploration department .