SC - 09 Mastering Uncertainty and Risk in Unconventional Reservoir Assessment
Society of Petroleum Engineers
Sunday, 25 July 2021, 8:00 a.m.–5:00 p.m. | Houston, Texas
Who Should Attend
This course is intended for geoscientists, engineers, commercial team members, business analysts, and managers charged with creating value from their unconventional projects.
This Learning Level is marked as: Intermediate.
This course provides the strategies, tactics, and tools needed to effectively assess and value unconventional oil and gas projects. The premise is that sound estimating of key geoscience, engineering, and economic parameters is essential for maximizing profitability. Probabilistic techniques and a staged approach are emphasized to quantify the range of possible outcomes and make good decisions about which projects are worthy of investment.
This course provides a robust framework for assessing project uncertainty and risk. Topics will include:
- A summary of the workflows and work products critical for characterizing your unconventional project
- How to estimate under uncertainty, use statistics to communicate this uncertainty, and identify & mitigate biases
- Understanding how aggregation and its derivative products can help you quantify uncertainty and risk
- Application of a rigorous stage gate process to incrementally expose and wisely spend capital
- Professional Members
- Professional Non-Members
- Class Limit
- Professionals 35
- Students 5
- Educational Credits
- 1.6 CEU
- Fee Includes
- One-day course with lecture
- Access to SPE's Learning Management System
- Class exercises and discussion
- Morning and afternoon refreshments and lunch
Creties Jenkins is a Partner with Rose and Associates specializing in the characterization of unconventional reservoirs. Over the past decade he has conducted integrated studies, project reviews, and resource evaluations for 50+ companies and has taught 100+ industry courses and workshops. He has served as a technical editor, Distinguished Lecturer, and distinguished author for SPE and is a past president of the Energy Minerals Division of AAPG. Jenkins received a MS in Geology and a BS in Geological Engineering from the South Dakota School of Mines. He is a registered professional engineer and a registered professional geologist in Texas.
George R. Brown Convention Center
1001 Avenida De Las Americas