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Value of Information
Tuesday, March 12, 2013 at 8:00 AM - Wednesday, March 13, 2013 at 5:00 PM (MDT)
Society of Petroleum Engineers
Continuing Education Short Course Offering
Follow-up 2-Day Course to the
“Risk Tolerance and Risk Neutrality (You Can Live with More Risk Than You Think)”
SPE Denver Section Luncheon Distinguished Lecture held October 17, 2012
Value of Information
Instructor: Patrick Leach, CEO, Decision Strategies Inc.
Dates: Tuesday-Wednesday, March 12-13, 2013, 8:00 AM to 5:00 PM
Location: Brown Palace Hotel and Spa, 321 Seventeenth Street, Denver, CO 80202, (303) 297-3111
1.6 CEUs (Continuing Education Units) will be awarded by SPE-Americas Office for this 2-day course.
This two-day workshop will show participants well-established methods for calculating the value new information adds to an asset. Participants will be able to demonstrate how this information improves the probability of a better decision and adds value to operations. E&P companies routinely make large capital decisions in the face of wide uncertainty. As such, they often acquire information to reduce the range of that uncertainty before making these decisions. Much of this information is supplied by the oilfield service industry (downhole measurements, seismic data acquisition and processing, formation evaluation data, surface data, wellbore integrity measurements, VSPs, etc.).
This course will address:
- Service Companies – Do you find it a challenge to demonstrate the value of your information, especially if the technology involved is new?
- Operators – Wouldn’t it be a good idea to be able to quantify the value these products and services add to your operations?
Anyone who makes decisions, whether it is for personal or professional dealings including engineers, geologists, geophysicists, managers, business development personnel, service companies, operators and other petroleum industry professionals.
About the Instructor
Patrick Leach provided our SPE Denver Section October 17, 2012 Distinguished Lecture luncheon on “Risk Tolerance and Risk Neutrality (You Can Live with More Risk Than You Think)” and is back by popular demand to present this follow-up course. Patrick has thirty years of experience in the energy industry, primarily in upstream oil & gas. He is the Chief Executive Officer of Decision Strategies, Inc. a leading management consulting firm. Mr. Leach has also been an independent consultant and worked for Texaco as a geophysicist, partner & government coordinator, and portfolio manager. He has lived and worked all over the world, from New Orleans to Sumatra to Aberdeen. Mr. Leach is the author of “Why Can’t You Just Give Me the Number? – An Executive’s Guide to Using Probabilistic Thinking to Manage Risk and to Make Better Decisions.” Mr. Leach has a Bachelor of Science degree from the University of Rochester and an MBA from the University of Houston. He is a Charter Fellow in the Society of Decision Professionals, and holds membership in the American Association of Petroleum Geologists, the Society of Petroleum Engineers, the Decision Analysis Affinity Group, and INFORMS.
The registration deadline is March 1, 2013. The registration fee is $1,400 for members and $1,600 for nonmembers and is fully refundable until that time. For more details, contact Darien O’Brien, P.E. at firstname.lastname@example.org or (303) 934-5979. Make your check payable to SPE Denver Section and mail to: Darien O’Brien, 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://connect.spe.org/denver/home/.
When & Where
Society of Petroleum Engineers Denver Section
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