Petroleum Geology, Exploration, Risking and Economics
Course overview
The course will focus on the critical issues that ultimately affect decision-making and be presented in language that is accesible to all participants. The participants will become familiar with the concepts and are expected to have a strong grasp of the subject matter by the end of the course, by providing a solid understanding of geological processes and and exploration workflows that determine exploration success and failure.
The course is designed for
- Professionals (engineers, economists, lawyers) of oil companies, institutions, public offices or banks asked to efficiently interact with, support or simply understand geologists involved in oil and gas exploration projects
- Geologists, geophysicists and reservoir engineers who want to learn the methodology for applying sequence stratigraphy to correlation, facies analysis and delineation of stratigraphic traps
Learning objectives
- To provide students with a global scenario of the exploration project and the exploration workflow concerning the petroleum system identification, the prospect evaluation, the play mapping and the calculation of volumetric and finally the risk/uncertainty analysis for the economics project.
Course outline
For more information about this course, please contact us.
Petroleum Exploration
Objectives and working environment
Exploration licenses and licensing
Subsurface mapping
Play generation
Prospect generation
Pre-drill resource quantification (volumetrics)
Resources vs reserves
Prospect evaluation
Exploration workflow
Risking
Risk and uncertainty
Play risk
Prospect risk
Project Economics
Goals
Factors and variables
Methods
Evaluation teams and team coordination
Decision tools
Petroleum Geology
Rocks of petroleum relevance
Sedimentary basins
Rock deformation
Hydrocarbons origin and generation
Source rocks and petroleum provinces
Reservoirs
Seals
Subsurface fluids and hydrocarbon mobility
Traps, trapping mechanisms and trap effectiveness
The “Petroleum System” concept
The “Play” concept
Investigation tools
Land surveys
Drilling
Electric logs
Seismic
Gravity and magnetics
Sampling
Data and data acquisition and management
