Spatial Analysis of Geologic Risk Factors

Spatial Analysis of Geologic Risk Factors using PetroAnalyst®

Course Length: 2 days minimum.  The course can be expanded to 3 or 4 days to provide additional time for hands-on software instruction.

Intended Audience: Geoscientists performing or providing input to exploration risk analyses.  However, anyone who utilizes risk assessment results (managers, engineers, etc.) will benefit.

Objectives:

  • Teach participants the fundamentals of exploration risk analysis.
  • Train in the use of PetroAnalyst, PRA's map-based risk analysis software.

Accurately assessing exploration risk in a basin or play has been shown to reduce finding-and-development costs and increase profits.  Consistent use of such methods across a portfolio allows exploration opportunities to be compared on an even basis, and can help optimize allocation of limited resources (money and manpower).

The course begins by showing participants the connection between traditional geologic analysis of petroleum systems (source, reservoir, etc.) and the evaluation of exploration risk.  Instruction and discussion focus on such topics as:

  • Defining risk
  • Estimating risk and uncertainty from geologic data
  • Qualitative vs. quantitative risk assessments
  • Integration of data confidence
  • Use of risk assessment at key decision points in the exploration process (basin entry, play fairway mapping, prospect evaluation)
  • Risk analysis for unconventional resources.

Throughout the course, theory and concepts are reinforced with PetroAnalyst examples.  Data sets include both conventional and unconventional petroleum systems. Course participants are encouraged to use their own data sets as much as possible.

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