Schedule

Agenda

Day 1

  • Introduction.
  • Statistic: The Language of Uncertainty -Probability & Distribution.
  • Coping with Uncertainty.

Day 2

  • Estimating Petroleum Estimating Ultimate Recovery.
  • Expected Value and Chance of Prospect Success.
  • RMAG Exercise (intro)

Day 3

  • Decision Trees and Value of Information
  • Exploration Economics: Estimating Profitability
  • The Most Crucial Decision: Selecting New Plays

Day 4

  • Dealing with Risk
  • Prospect Inventories and Portfolio Management
  • Acquisition Strategies and Bidding
  • Performance Tracking

Day 5

  • Final Exercise
  • Conclusion
Audience

This course is designed for student, fresh graduate and entry level professional

Instructor

Sidiq Pramada

Having more than 20 years experiences of Oil & Gas Industry experience within Service and Operator Company in South East Asia and North Atlantic region.

The course will be delivered 5 days in classroom, at the Geodwipa Training Facility, on March 2019. Click the Register button or contact our marketing at marketing@geodwipa.com to join this training!

Location Start Date End Date Price Register
In House
30 Nov -0001
30 Nov -0001
1200 USD/person