Topic outline

  • Prospect Generation

    This course provides an overview of all significant aspects and considerations of prospect generation for petroleum prospect generation for geologists, engineers and managers
    • Training Methodology & Objectives

      Training Methodology

      This Trainee-centered course includes the following training methodologies:-

      • Talking presentation Slides (PPT with audio)
      • Simulation & Animation
      • Exercises
      • Videos
      • Case Studies
      • Gamification (learning through games)
      • Quizzes, Pre-test & Post-test

      Course Objectives

      After completing the course, the employee will:-

      Apply and gain a comprehensive knowledge on prospect generation Employ the prospect evaluation process, volumetric estimation, prospect risk analysis and economic evaluation
      Identify timing risk and carryout post-well analysis on existing wells Explain probabilistic volumetric and chance of success for leads and prospects
      Recognize petroleum economics challenges and optimize exploration workflows Describe the exploration project cycle, workflow-prospectivity, additional geophysical workflow components, upstream full cycle and downstream cycle
      Discuss volumetric calculation, estimated reserves, wire-line logging, net to gross and two stage net to gross Perform risk analysis and explain the benefit of risk assessment and risk management
      Describe the categories of uncertainty and apply various approaches and methods to risk analysis that include deterministic methods and probabilistic methods Discuss prospect generation and evaluation including petroleum system, anomaly and geological concepts
      Employ geophysical and surface exploration as well as discuss seismic refraction, gravity, magnetic survey using a proton magnetometer Apply geochemical exploration methods, down hole logging surveys and direct exploration methods
      • Course Description

        This E-Learning course is designed to provide participants with a detailed and up-to-date overview of prospect generation. It covers the prospect evaluation process, volumetric estimation, prospect risk analysis and economic evaluation; the timing risk and post-well analysis on existing wells; the probabilistic volumetric and chance of success for leads and prospects; the petroleum economics challenges and optimization of exploration workflows; the exploration project cycle, workflow-prospectivity, additional geophysical workflow components, upstream full cycle and downstream cycle; and the volumetric calculation, estimated reserves, wire-line logging, net to gross and two stage net to gross
        During this course, participants will learn the risk analysis and the benefit of risk assessment and risk management; the categories of uncertainty and various approaches and methods to risk analysis that include deterministic methods and probabilistic methods; the prospect generation and evaluation including petroleum system, anomaly and geological concepts; the geophysical and surface exploration; the seismic refraction, gravity, magnetic survey using a proton magnetometer; and the geochemical exploration methods, down hole logging surveys and direct exploration methods
        • Module 1 - Prospect Evaluation Process

          Contents:
            • Prospect Identification
            • Volumetric Estimation
            • Prospect Risk Analysis
            • Economic Evaluation
            • Finding the right prospects - Integrated Petroleum System-based Play-to-Prospect Exploration
            • Fundamentals
          • Module 2 - Petroleum Economics Challenges and Optimization Exploration Workflows

            Contents:
              • Exploration Project Cycle
              • Workflow - Perspectivity
              • Additional Geophysical Workflow Components
              • Upstream Full Cycle
              • Downstream Cycles
              • Oil and Gas Projects Evaluation
              • Methodology
              • Involved Parties
              • Involved Parties - Uncertainty
              • Petroleum Economics Volume Calculation
              • Volumetric Calculation
              • Estimated Reserves
              • Wire-Line Logging
              • Video: Realtime Wireline Logging
              • Net Gross
              • Two-Stage Net-to-Gross
              • Example
              • Risk Analysis
              • Learning Objectives
              • What is Risk Analysis?
              • Risk Definition
              • Benefit of Risk Assessment & Risk Management
              • Risk and Uncertainty Example
              • Exploration Prospect
              • Why Do Risk Analysis?
              • Investment Example
              • Oil and Gas Investment
              • Approaches to Risk Analysis
              • Method to Assess Risk
              • Deterministic Methods
              • Probabilistic Methods
              • Module Quiz
            • Module 3 - Overview on Prospect Generation and Evaluation

              Contents:
                • Anomaly
                • Definitions
                • Lead
                • Play and Prospect
                • Play
                • Prospect
                • Video: Prospect Evaluation Process
              • Module 4 - Finding the Right Prospects – Integrated

                Contents:
                  • Chance Mapping
                  • Exploration Techniques
                  • Exploration and Production Sequence
                  • Video: Oil Exploration Techniques
                  • Going Beyond Exploration
                  • Exploration Cycle in a Sedimentary Basin
                  • Exploration Flowchart
                  • Field Discovery
                  • Economic Assessment
                  • Economic Assessment Results
                  • A Huge Success Prospect is Economic
                  • Field Evaluation
                  • Exploration Evaluation Process
                  • Field Development
                  • Delineation Well
                  • G&G in Development
                  • We Need More Detail
                  • Some Questions …
                  • Data for Development
                  • G&G in Production
                  • Reservoir Simulation
                  • The Value of G&G to an Oil Company
                  • Let’s Fast Forward a Number of Years
                  • A Geologic Model
                  • Using a Simulation
                  • Field Production
                  • Examples of Field Development Concepts for a Oil Field
                  • Field Abandonment
                  • Going Beyond Exploration
                  • Module Quiz
                • Module 5 - Prospect Generation Tools

                  Contents:
                    • Well Logs
                    • Driller’s Log
                    • Wire Line Logs
                    • Electric Logs
                    • Nuclear Logs
                    • Acoustic Logs
                    • Sample Logs
                    • Core Samples
                    • Cutting Samples
                    • Drill Stem Test
                    • Strat Test
                    • Stratigraphic Correlation
                    • Contour Maps
                    • Vertical Cross Sections
                  • Module 6 - Horizon and Formation Attributes

                    Contents:
                      • Amplitude Extraction
                      • Amplitude Extraction Maps Provide Stratigraphic Information
                      • Near Reflector Geometry
                      • Formation or Interval Attributes
                      • Defining the Geometric Framework of the Reservoir ‘Interpretation’
                      • Angola Prospectivity from Seismic
                      • Seismic Interpretation
                      • Video: Seismic Interpretation
                      • Coherence
                      • Seismic Time Slice
                      • Coherence Time Slice
                      • Attribute Expression of Structure and Stratigraphy
                      • Complex Faulting
                      • Offshore Trinidad - 1200 ms
                      • Seismic
                      • Conventional Time Structure Map Top Devonian – Central Basin Platform, TX
                      • Dip/azimuth/Coherence Central Basin Platform. T = 1.200 s
                      • Fracture and Fault Central Basin Platform
                      • Joints and Fractures
                      • Curvature
                      • Most Positive Curvature
                      • Lineation Directions
                      • Strain Ellipsoid
                      • Reefs
                      • Time Structure Map – Winnepegosis Reef (SE Sask)
                      • Time thickness map – Winnepegosis reef (SE Sask)
                      • Most Negative Curvature (Highlights Synclinal Features)
                      • Most Positive Curvature (Highlights Anticlinal Features)
                      • Amplitude extraction – Winnepegosis horizon (SE Sask)
                      • Most Negative Curvature of Coherent Amplitude (Highlights Destructive Interference)
                      • Most Positive Curvature of Coherent Amplitude (Highlights Constructive Interference)
                      • Why Do attributes Show Us Features Of Interest That Are Otherwise Difficult To See?
                      • Attribute-Assisted Fault Interpretation Methodology
                      • Advantages of Attribute-assisted Fault Interpretation
                      • Why Do we See Channels On Seismic Attributes?
                      • Module Quiz
                    • Module 7 - Petroleum Reserve Estimation, Production and Production Sharing Contract (PSC)

                      Contents:
                        • Prospect Evaluation
                        • Prospect Definition
                        • Presence of Reservoir Facies
                        • Reservoir Depth vs. Data
                        • Presence of Effective Structural Closure
                        • Probability of an Effective Sealing Mechanism
                        • Probability of Effective Source Rock with Respect to Quantity and Maturity
                        • Probability of Effective Migration and Timing
                        • Module Quiz
                      • Module 8 - Exploration

                        Contents:
                          • Global – Basin – Play – Prospect - Reservoir
                          • Basic Principles of Exploration Geology
                          • Prospect Analysis: Volumetric
                          • Basin, Play and Prospect Interrelationship
                          • Play Risk: Critical Risk Maps (Traffic Light Maps)
                          • Prospect Analysis: Risking
                          • Prospect Analysis: Volumetric Output from Montecarlo Simulation
                          • Prospect Evaluation, Barents Sea
                          • Hamlet
                          • Probability Distribution
                          • Volumetric Calculation
                          • Recovery Factor
                          • Cumulative Probability
                          • Area Risk
                          • Volumetric Example
                          • Recovery Factor
                          • Net Reservoir – Set Porosity Cut Off
                          • Formation Volume Factor
                          • Alaska North Slope Formation Volume Factor (FVF)
                          • Gertrude
                          • How to Compare Two Prospects? Prospect Ranking
                          • Gertrude Prospect
                          • How to Compare Two Prospects?
                          • Technical & Economical Evaluation
                          • Video: Statoil - The challenge for engineering
                        • Module 9 - Prospect Evaluation, Resource Assessment and Risking

                          Contents:
                            • Purposes of Prospect Evaluation by the Government
                            • The Norwegian Licensing Round
                            • Volumetric Calculation
                            • The Volumetric Function
                            • HCPV (Hydrocarbon Pore Volume)
                            • The Trap
                            • The Maps
                            • Gross Rock Volume, Some North Sea Fields
                            • Reservoir Description
                            • Reservoir Parameters
                            • Gross Thickness
                            • Net Pay
                            • Porosity
                            • Video: Calculating Porosity
                            • Poroperm Plot
                            • HC-Saturation
                            • Spread in Input Data
                            • In-Place Resources
                            • Oil to the Surface
                            • Recoverable Resources
                            • Recovery Factors For Some Norwegians Oil Fields
                            • HCPV – Prognosis vs. Result
                            • Conclusion – Volume Assessments
                            • Recommendations – Volume Assessments
                            • Risking Resources – Geological Risk Analysis
                            • Risk Analysis
                            • Risk - Probability
                            • Success Rate
                            • Probability Categories
                            • The Independent Risk Factors – NPD’s Risk Factors
                            • Probability of Discovery
                            • Reconstruction of the Hydrocarbon Accumulation Process
                            • Sum up – Main Principles
                            • Probability of Discovery
                            • Prospect Prognosis and Drilling Results
                            • Module Quiz
                          • Module 10 - Purpose of Prospect Evaluation

                            Contents:
                              • Methodology
                              • The Volumetric Equation
                              • HCPV
                              • Video: How to find oil and gas - hydrocarbon accumulation
                              • Finding The Volume
                              • The Trap
                              • The Maps
                              • Volume vs. Depth
                              • Area/Depth Graph
                              • Anticline Geometry Corrections
                              • Geometry Multiplier
                              • Reservoir Parameters 1
                              • Reservoir Parameters 2
                              • Recovery Factor
                              • Volume Calculations - Exercise
                              • Volume Calculations - Solution
                            • Post-Test

                              Kindly complete the post-test to assess your knowledge about the topic after the course.