Prospect Risk Assessment
Prospect Risk Assessment: GES006 – 5 Days
Audience
Explorations, Development, Petro physicists, Wellsite and Operations Geologists and Geophysics
Purpose
During course participants will learn how to make consistent estimates of the probability of a petroleum discovery and to assess the range of uncertainty for the size of the possible discovery.
Learning Objectives
Upon completion of the course, you will learn how to:
- Improved forecasting of business results
- Improved comparisons between business opportunities
- Improved understanding of uncertainties and risks in the business
- Helps to be consistent in investment decisions
- Helps allocate funds among competing ventures
- Helps in structuring deals and planning programs
- Helps to improve your performance.