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COURSE INFORMATION
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Principles and Applications of Uncertainty and Risk Analysis For Upstream Oil and Gas: Using Monte Carlo Simulation
Type:
Training Course

Length:
3 Days
CEU:
2.4
PDH:
24

Fee:
$2195 CAD

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Upcoming Sessions
There is currently no upcoming sessions available for this course. Please check back later!
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Course Description
This hands-on course provides course participants with a thorough understanding of the fundamentals, applications, and methodologies of risk analysis, uncertainty analysis, and decision analysis. Attendees will utilize Excel and one of the popular add-in Monte Carlo software packages (@RISK or Crystal Ball) as they advance through typical upstream oil & gas models and analyses covering the life cycle of a well or field. Examples and exercises will include resource, reserves, well construction cost and time, production, price, and cash-flow models. A comprehensive final case study will have the participants value a field development and recommend the path forward.

A complete set of course materials and lunch is included in this course.

*Participants will need to bring a PC laptop with Microsoft Excel to each day of this course. At the course a trial version of @Risk or Crystal Ball will be installed*
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