Risk Analysis for the Petroleum Industry

Denver Section Society of Petroleum Engineers

Continuing Education Short Course Offering  

Risk Analysis for the Petroleum Industry  

Instructor:    Cheryl Collarini, P.E., DGC Energy LLC

Dates:  Tuesday - Wednesday, March 18 - 19, 2008, 8:00 AM to 5:00 PM

Location:          707 Seventeenth Street, Suite 3010 , Denver , CO 80202 (Corner of 17th and California )  

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

Course Description
This course provides a thorough understanding of the analytical methods that help determine the expected profitability of a project. Participants have the opportunity to solve a variety of example problems on geologic, engineering, and mechanical risks.

 Course Contents

♦ Decision Analysis Methods
♦ Risk Analysis
♦ Rules of Probability
♦ Binomial Expansion
♦ Dependent Outcomes
♦ Risk-Weighted Expected Value
♦ Risk-Weighted Profitability
♦ Effects of Dependency on Expected Value
♦ Sensitivity Analysis to Risk
♦ Multiple Zone/Prospect Applications
♦ Statistical Measures
♦ Applying Probability Distributions
♦ Monte Carlo Simulation
♦ Central Limit Theorem
♦ Dependent Variables
♦ Sensitivity Analysis

Who Should Attend
Managers, engineers, accountants, geologists, landmen, and other professionals routinely involved in evaluating investment choices can benefit from this course. The participant should already have a basic understanding of oil and gas economics.  

About the Instructor
Cheryl Collarini holds a bachelor’s degree in civil engineering from M.I.T. and an MBA from the University of New Orleans .  She worked for Mobil Oil as a civil engineer, operations engineer, development projects engineer, and reservoir engineering supervisor.  She formed Collarini Engineering Inc. in 1985 to conduct independent reserve appraisals and field studies.  In 1995, she founded Collarini Energy Staffing to provide technical staff to customers on-site, placing upstream professionals, temporary and fulltime, in positions all over the world.  In 2003, she accepted a partnership in Explore Enterprises LLC and served as VP Engineering.  Explore Enterprises is an exploration and producing company with assets in the Gulf of Mexico .  In 2005, she returned to Collarini Energy Staffing after a successful sale of the Explore Enterprises assets.   

Registration
The registration deadline is February 29, 2008 .  The registration fee is $600.00 and is fully refundable until that time.  For more details, contact Darien O’Brien, P.E. at  or (303) 864-6015.  Make your check payable to SPE Denver Section and mail to: Darien O’Brien, Forest Oil Corporation, 707 Seventeenth Street, Suite 3600 , Denver , Colorado 80202 .  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. 

Tuesday, March 18, 2008 at 8:00 AM
- to -
Wednesday, March 19, 2008 at 5:00 PM (MT)

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707 17th Street, Suite 3010
(Corner of 17th and California)
Denver, CO 80202

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Society of Petroleum Engineers Denver Section

Questions about On-Line Registration? Contact: Mark Shaefer, Treasurer 303-263-8235 or Tom Cryan, Webmaster 303-202-9068

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