Geology Course

Risk Assessment and Economics Evaluation for Basement & Syn-Rift Play Analog

The Risk Assessment and Economics Evaluation for Basement & Syn-Rift Play Analog training program is designed to equip petroleum and geoscience professionals with a structured framework to evaluate geological risks and economic viability in basement and syn-rift exploration plays. Through integrated case studies and practical workflows, participants will learn how to identify key geological uncertainties, apply risk assessment methodologies, and translate subsurface insights into robust economic evaluations. The program emphasizes the use of analog data, play-based assessment techniques, and decision-support tools to improve exploration strategies and investment decision-making. By bridging geoscience interpretation with economic analysis, this training enables organizations to better quantify exploration opportunities, manage uncertainties, and maximize the value of their exploration portfolios.

Course Info:
Discipline

A. Geology Course/Petroleum Geology

Duration

5 days

Level

Skilled

Delivery Mechanism

Classroom

Deliverables:
Certificate
Professional Trainer
Meals
Training Materials
Agenda:

DAY 1 & DAY 2 – Basement and Paleogene Syn-Rift Play Analogue

  1. Introduction to Naturally Fractured Reservoir (NFR)
  2. Fractures and Basement definition
  3. NFR and Geomechanics
  4. NFR and Pore Pressure
  5. Fracture Characterization
  6. Fracture Reservoir: Basement and Carbonate
  7. Fracture Identification and observation
  8. Fracture Modelling
  9. Sumatera Regional Geology and Tectonics
  10. NFR Case Study
  11. School Summary, Discussion Q & R

DAY 3 & DAY 4 – Risk Assessment

  1. Introduction to Risk Analysis
  2. Statistics – the Language of Uncertainty & Exercise
  3. Estimating Under Uncertainty
  4. Estimating Petroleum Reserves & Resources
  5. Chance of Success & Exercise
  6. RMAG Prospect Exercise (CRS CCRS Case Study)
  7. Decision Tree and The Value of Information
  8. Selecting New Play : The Most Crucial Decision
  9. Prospect Inventories and Portfolio Management
  10. Performance Tracking : Lesson Learn
  11. School Summary, Discussion Q & R

DAY 5 – Economic Evaluation

  1. Basic of Petroleum Economics Analysis
  2. Economic Valuation : Exploration Block (Exercise)
  3. Economic Valuation : Development/ Mature Block (Exercise)
  4. Economic Valuation : Marginal Field (Exercise)
  5. School Summary, Discussion Q & R
Instructor

The training is delivered by a team of highly experienced industry professionals with extensive backgrounds in petroleum geology, exploration management, and economic evaluation. Collectively bringing more than three decades of experience in the oil and gas industry, the instructors have been involved in exploration and development activities across numerous basins worldwide, including South Sumatra, Central Sumatra, East Kalimantan, Papua, Java, Maluku, and other regional basins. Their expertise covers a wide range of disciplines such as petroleum geochemistry, basin modeling (1D-3D), risk assessment, seismic interpretation, core and petrographic studies, subsurface mapping, and project management. The team also brings strong leadership experience, having held senior roles from exploration manager to general manager. Supported by academic credentials in geology and business management, as well as professional certifications from international and national organizations – including the American Association of Petroleum Geologists (AAPG), the Indonesian Association of Geologists (IAGI), and capital market professional bodies – the instructors provide a unique integration of technical expertise and economic perspective essential for evaluating complex exploration plays such as basement and syn-rift systems.

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