Finding hydrocarbon resources is an uncertain business. While historically most wildcat wells became dry holes, some successful wells have led to discoveries that changed the course of business. With such uncertain outcomes, how do we know an exploration opportunity is a good venture? This PetroKnowledge training course discusses the skills and analytical tools that answer this question.
A good exploration decision is multi-dimensional; it is about understanding disciplines from subsurface to commercial; a wide coverage that eventually reflect our understanding about value potentials of exploration decisions. Our focus will therefore be on “value” rather than the generally desired “volume.” We will discuss value drivers for exploration drilling, from the usual suspects—chance of success and oil prices—to the less tangible subject of value of information. We use economic and analysis tools that support good decision-making.
This PetroKnowledge training course will highlight following:
We will cover the art and science of valuation in hydrocarbon exploration. Our goal is to familiarize the participants with an understanding of uncertainties, decisions, and consistent valuation of exploration opportunities. In addition, we discuss the analytical tools that support exploration decision making.
At the end of this PetroKnowledge training course, you will learn to:
This Exploration Valuation and Decision Analysis training course is useful for Analysts, Engineers, and Managers involved in the process of exploration decision making, as well as professionals interested in practice of oil and gas exploration business.
This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:
This Exploration Valuation and Decision Analysis training course is designed to provide a comprehensive learning experience that integrates the instructor's firsthand experience in international energy companies with a robust theoretical framework. Drawing from years of practical experience in the energy sector, the instructor brings real-world insights and industry best practices to the discussions. This practical knowledge is complemented by a strong theoretical background in petroleum economics, risk analysis, decision sciences, and valuation methods, ensuring that participants gain a deep understanding of both the conceptual underpinnings and practical applications of petroleum exploration valuation and decision analysis. Through interactive lectures, case studies, and hands-on exercises, participants will have the opportunity to apply theoretical concepts to real-world scenarios, enhancing their analytical skills and decision-making capabilities in the dynamic and complex energy industry.
Primarily, all oil and gas firms run businesses. For them, creating value is the goal. With uncertain subsurface opportunities and market trends, those firms that understand good decision making and invest in valuable ventures will be poised to succeed in this evolving landscape.
This PetroKnowledge training course trains individuals that:
In general, gaining knowledge and skills in valuation and decision-making opens one’s perspectives. In the oil and gas exploration context, the set of skills and knowledge that this training course offers prepares individuals for a more effective role within the process of corporate decision making.
This PetroKnowledge training course will:
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
Searching our database...
Finding the best matches for you
We couldn't find anything matching ""
Try adjusting your search terms or browse our suggested topics
