World-class training for the modern energy industry

Prospect Generation, Maturation and Risking (G026)

  • TypeType: Classroom, Virtual
  • TypeDiscipline: Basin Analysis, Evaluation Methods
  • TypeDuration: 5 Days

Tutor(s)

Vitor AbreuPresident, ACT-GEO; Adjunct Professor, Rice University 

Overview

This practical, hands-on course is designed to enable attendees to enhance their skills of mapping and assessing prospects. This course teaches participants how to use play fairway mapping and petroleum system analysis to identify high potential plays and prospects, even in areas with sparse data. Once prospects are identified, the course teaches how to get map-derived, geologically based, objective inputs for prospect assessment and risking. This approach creates documented results that can be used to rank opportunities and make business decisions confidently.

Duration and Logistics

Classroom version: 5 days; a mix of classroom lectures and discussion (50%) and exercises (50%). The manual will be provided in digital format and participants will be required to bring a laptop or tablet computer to follow the lectures and exercises.

Virtual version: Ten 3-hour interactive online sessions presented over 5 days (morning and afternoon sessions in North America). A digital manual and hard-copy exercise materials will be distributed to participants before the course. Some reading and several exercises are to be completed by participants off-line.

Level and Audience

Fundamental. This course is intended for early- to mid-career geoscientists, reservoir engineers and petrophysicists, as well as managers – anyone involved in portfolio management and in generating and risking prospects.

Objectives

You will learn to:

  1. Identify and map plays and leads.
  2. Mature a lead to a prospect.
  3. Mature a prospect to a drillable status.
  4. Understand prospect definition workflow.
  5. Identify and map different types of structural and stratigraphic traps.
  6. Quantify risks and uncertainties related to presence of key play elements.
  7. Develop strategies to reduce play element presence risk.
  8. Apply fundamental concepts of portfolio management.

Course Content

From prospect lead to potential field

  • Exploration methods and strategies
  • Petroleum potential assessment in a basin and key stages in the exploration workflow
  • Subsurface mapping techniques for seismic and wells
  • Principles of stratigraphic mapping
  • Principles of structural mapping
  • Mapping generation, contouring and QCing
  • Workshop and hands-on exercises on prospect generation

Prospect analysis

  • Basin evolution history
  • Seismic and well data integration and interpretation
  • Risks and uncertainty estimation
  • Prospect ranking
  • Identification and assessment of risks and uncertainties related to geological factors (source, reservoir, seal, trap and preservation)
  • Chance of success
  • Hands-on exercises and case study
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