Denver Section

Society of Petroleum Engineers

Continuing Education Short Course Offering

Project Risk, Uncertainty and Decision Analysis – The Value of Information

Instructors:      James Gouveia and Mark McLane, Rose & Associates, LLP
Dates:                     Tuesday - Wednesday, March 23-24, 2010, 8:00 AM to 5:00 PM
Location:               New Location, 621 Seventeenth St., Suite 1120, Denver, CO 80202

1.6 CEUs (Continuing Education Units) will be awarded by SPE-Americas Office for this 2-day course.

 Course Description
This course covers the application of Risk and Uncertainty management principles as they apply to Decision Quality Analysis in the development of our subsurface accumulations of oil and gas.  The first day will provide a background on Statistics and Probabilities, estimating under Uncertainty, and probabilistic Reserves estimation principles.  The second day will feature the determination of Chance of Geological and Commercial success, and will focus on the use of Decision Trees to assess the Value of New Information. 

Course Content

♦ Introduction to Probability and Statistics as the Language of Uncertainty.   

·         Distribution Types and when to use what

·         The Central Limits theorem

·         Sampling and the number of samples required to validate a distribution

·         When to use the Mode, the Mean or the Median

·         Dependencies and their impact

 Who Should Attend

Petroleum Engineers, Geologists, Geophysicists, Managers, Petrophysicists, Log Analysts, and others involved with making quality decisions in the development of subsurface hydrocarbon accumulations.

About the Instructors

James (Jim) Gouveia, P.Eng., is a Partner in the international consulting firm of Rose & Associates, LLP  (R&A). R&A provides risk analysis education, software and consulting services for more than 40
Companies’ world-wide. He is a registered Professional Engineer with a diverse technical, business and operations background in the petroleum industry. He joined Rose & Associates in March 2002 after 18 years with Amoco, where his last role was Director of Risk Management for North America, and 3 years with BP Canada where he initiated and managed BP’s foray back into unconventional resources in Canada. He has co-authored and presented several papers, most recently “A Statistical Approach to the Effective Economic Modeling and Portfolio Selection of Unconventional Resource Opportunities”, at EUROPEC 2009. He has taught courses in over 25 countries for Rose & Associates.  He is a member of APEGGA, SPE, and AAPG.

Mark A. McLane is a Partner in the international consulting firm of Rose & Associates, LLP (R&A). R&A provides risk analysis education, software and consulting services for more than 40 companies
worldwide. He is a Distinguished Lecturer of the Society of Petroleum Engineers on the topic of “Reserve Overbooking – An Issue of Professional Ethics.” He has a diverse technical and business background spanning 25 years in the petroleum industry. He joined Rose & Associates in January 2000 after three years with Pioneer Natural Resources and 17 years with Exxon Company, U.S.A. He has co-authored several technical papers and served on the Professional Ethics/Registration Panel at the 2003 SPE ATCE in Denver, Colorado. He has taught courses for the Gulf Coast Section of SPE, AAPG and the Houston Geological Society. He holds a BSc with Honors in Petroleum Engineering from The University of Texas at Austin.

Registration

The registration deadline is March 5, 2010.  The registration fee is $720.00 and is fully refundable until that time.  For more details, contact Darien O’Brien, P.E. at dgobrien@mines.edu or (303) 934-5979.  Make your check payable to SPE Denver Section and mail to: Darien O’Brien, Solutions Engineering, 1632 South Lamar Street, Lakewood, Colorado 80232-7038.  Please include the course name, your FULL name (as you would like it to appear on the course completion certificate), SPE member number (if applicable), Title, Company, e-mail address, postal address, phone and fax number.  You may also register and pay on-line at http://denver.spe.org/.