Volumetrics and Risk Assessment of Plays and Prospects
Course Description
A decision to drill an exploration well with the objective to find a new oil or gas field must be based on a sound assessment of the prospect's risks and of the volumes: what is the chance that a well will find hydrocarbons, and how much could it be? Risk and volume assessments form the basis for decisions to drill a well or not, and as such form the link between subsurface evaluation and the business aspects of the petroleum industry. This course explains how risks and volumes can be assessed in a realistic manner, based on a sound understanding of the geological details of the prospect as well as of its regional geological setting and current play understanding.
The Training Course Will Highlight ?
Training Objective

By the end of the course, participants will be able to:

    • Understand the principles of hydrocarbon volumes and associated uncertainties (geological, geophysical, petrophysical, structural, etc.).
    • Apply contemporary methods and workflows for play- and prospect-based exploration.
    • Analyze basins and petroleum systems to assess source, reservoir, trap, seal, and charge.
    • Conduct play and prospect risk assessments, including chance of success (POS) and volumetric estimations.
    • Use geostatistical tools (distributions, P10/P50/P90, templates) for volume prediction and uncertainty quantification.
    • Integrate play-to-prospect evaluation workflows into exploration and business decision-making.
    • Perform prospect evaluation through exercises and real dataset applications.
    • Link subsurface technical analysis with exploration business impact and E&P cash flow considerations.

Target Audience

  • Exploration Geoscientists
  • Reservoir Engineers
  • Exploration Managers / Decision-Makers

Training Methods

The course will not only be presented by showing and interpreting the material in detail, but also the participants will work together using a real data to apply all the workflow and to project their previous knowledge and experience onto the course, they also encouraged to bring their own data so that real working examples can be reviewed and interpreted.

Note: The course will not only be presented by showing and interpreting the material in detail, but also the participants will work together using a real data to apply all the workflow and to project their previous knowledge and experience onto the course, they also encouraged to bring their own data so that real working examples can be reviewed and interpreted.

Daily Agenda

Module 1: Introduction

    • Learning Objective.
    • Course Overview
    • Hydrocarbon in place Principles.
    • Data Integration.
    • Exploration and Development Uncertainty
      • Geophysical Uncertainty.
      • Geological Uncertainty.
      • Structural Uncertainty.
      • Petrophysical Uncertainty.
      • Fracture Uncertainty
      • Contact Uncertainty
      • Full Picture.

Module 2: Play Based Exploration Pyramid

    • Play Analysis detailed Work Flow.
    • Exploration Strategy.
    • Horizon Modeling.
    • Principle Definitions.
    • Level of Knowledge.
    • Play Analysis Level.

Module 3: Basin Analysis

    • Basin Definition, Earth Structure, Geological Time
    • Oceanic and Continental Crust
    • Plate Tectonics
    • Types of Basins
    • World Basins.
    • Assess Petroleum System.
    • Source Rocks, Trap Distribution, Structure Restoration.

Module 4: Play Focus Workflow.

    • Play Definition.
    • What we Know and Where we know it.
    • CRS Risking.
    • Quantitative Assessment.

Module 5: Prospect Focus.

    • From play to prospect.
    • Play Dependences.
    • Play Quality Control.
    • E&P Cash Flow.
    • Exploration Questions.

Module 6: Geo-statistical Analysis.

    • Property distribution Function.
    • Cumulative Distribution function.
    • Distribution Algorithms.
    • Min, Max.
    • P10, P50 and P90.
    • Risk and Uncertainty.
    • Risk Template
    • Normal and Lognormal Distribution
    • Volume Prediction

Module 7: Chance Factor and POS.

    • Chance factor and Risking Template.
    • Five Chance Factors & Technical Success.
    • Chance factors

Module 8: Prospect Evaluation work steps.

    • Reservoir Chance Factor.
    • Source Chance Factor.
    • Seal Chance Factor.
    • Charge Chance Factor.
    • What is Discovery
Accreditation

BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.

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Course Rounds : (5 -Days)


Code Date Venue Fees Register
GE149-01 27-04-2026 Kuala-Lumpur USD 5950
GE149-02 05-07-2026 Dubai USD 5450
GE149-03 20-09-2026 Amman USD 5450
GE149-04 29-11-2026 Dubai USD 5450
Prices doesn't include VAT

UpComing Date


Details
  • Start date 27-04-2026
  • End date 01-05-2026

Venue
  • Country Malaysia
  • Venue Kuala-Lumpur

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 Appling the specifications and legalizations to ensure the quality of service.
 Best utilization of resources for continually improving the business activities.

Technical Team

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Since BTS was established, it considered a training partner for world class oil & gas institution

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