2011 Short courses

Pre- and post-APPEX one-day courses offer even more opportunities for learning:

Risk Reduction for Plays and Prospects: Using Quantitative Show, Seal and Migration Analysis with GIS and Petroleum Systems Modeling Software

Date: 28 February 2011
Venue: Business Design Centre, London
Fee: £295 before the 9th January or £375 after
*Book both courses (28 Feb & 4 Mar) and get the second for only £50.00
Leader: John Dolson, Director, DSP Geosciences and Associates, LLC

Through a combination of lecture and class exercises, learn to quantify fault, capillary and pressure seals from multiple data sets. Learn tools to calculate position in a column from show and test data (waste zone, pay or transition zone) and understand residual shows.

The course emphasizes an understanding of the interplay between pore throat geometries and fluid properties to estimate seal and reservoir quality through Winland plots , capillary pressure analysis and pseudo-capillary pressure curves generated from log, test or core based permeability and porosity data. Emphasis is placed on the practical ability to determine free water levels, oil-water contacts and column heights from integrated data sets.

The course also covers the basics of hydrodynamics and pressure analysis to recognize compartments, perched water and interconnectivity of reservoirs through MDT, RFT and DST data. In addition, the course provides a broad overview of tools varying from modern wellsite isotube, headspace gas and liquid inclusion stratigraphy to supplement more traditional mudlog and petrophysical log data. Lectures are supplemented with exercises based on real data.

Finally, the course concludes with examples of the use of GIS and Petroleum Systems software to model 3D migration using quanti ed fault and capillary seals to identify stratigraphic and fault traps. Emphasis is placed on calibrating the models with the tools and data learned earlier in the course.

Petroleum Geology for Financial Professionals

Date: 4 March 2011 
Venue: Business Design Centre, London
Fee:  £295 before the 9th January or £375 after  
*Book both courses (28 Feb & 4 Mar) and get the second for only £50.00
Leader: Ted Beaumont, Consultant, Tulsa, OK 

This course is designed to help bankers, loan officers, company financial officers, risk assessment managers and other financial professionals more effectively evaluate oil and gas investments, understand the role geology plays in the amount and rate of oil and gas production and better calculate your investment risk.

Outline

Part 1: The Basics: Origins of Petroleum, Traps, and Reservoirs

You will learn the basic concepts of petroleum geology and how they are applied to petroleum exploration and production:

• Where does oil and gas come from, and why does it matter? (look at the example of shale gas/source rocks vs. reservoir rocks)
• How do rock properties determine the cash flow from a producing field?
• What does it take to have a viable oil or gas field?

Part 2: Before You Drill: Review of Key Information

The type of information you need in order to make informed investment decisions is discussed:

• What kinds of maps should you ask to see?
• What kind of information should a prospectus include?
• Well information: sorting it out
• Where is production data found or acquired?
• What can seismic tell me? Is 3-D always required?
• Offshore vs. onshore seismic data gathering and interpretation (multi-azimuth offshore surveys, etc)

Part 3: Risk: High-Risk vs. Low-Risk Ventures

A basic overview of risk assessment techniques will be reviewed:

• What do you need to know about geology to assess the geological risk of a venture?
• What is geological risk, and why does it matter now (in the exploration phase) or later (in production operations)?
• Wildcats, developmental, step-out, in-field wells: what are the relative risks to the venture?

Part 4: Reserves

The following questions will be answered:

• What are reserves? What are the different types of reserves?
• How are reserves measured? • How are reserves valued? What are some of the pitfalls of valuation?
• How can knowledge of geology help you understand reserves, and where and how reserves estimates can be problematic?

Register online today!