Course Details
This is an introductory course to risk evaluation with a strong focus on the structural geology aspects and inputs. Many elements of the petroleum system can be risked from each individual element up to a final risk value for the entire play or prospect area. In many companies this risk value is added to the portfolio to determine future exploration and development plans, commonly referred to as Pg or chance of geological success. In this class we will break down the Petroleum System Elements (PSE) and discuss how structural geology impacts each one. We will then conduct several exercises that help participants quantify the risk for each element, and how that value relates to the final risk value for a play or prospect. We will also spend a day discussing geohazards, their impact on operations, and possible ways to avoid them.
Who Should Attend
Geologists, Geophysicists, and Management making decisions on exploration and development plans. Those wanting to learn more on geologic risk and how it is quantified, and those who want a stronger awareness in how structural geologists can impact a prospect and play evaluation.