🛰️ GeoX Prospect Assessment Fundamentals
🔎 Course Description This comprehensive course equips exploration geoscientists with essential skills in prospect evaluation using GeoX software. Participants will learn how to estimate geological chance of success (Pg), compute prospect volumes, model uncertainties, and perform risked resource assessment for …
Overview
🔎 Course Description
This comprehensive course equips exploration geoscientists with essential skills in prospect evaluation using GeoX software. Participants will learn how to estimate geological chance of success (Pg), compute prospect volumes, model uncertainties, and perform risked resource assessment for portfolio ranking. Through practical exercises and case studies, participants gain hands-on experience applying GeoX to real exploration data.
🎯 Learning Objectives
✅ Understand prospect definition, risk, and uncertainty concepts
✅ Build probability trees and estimate Pg
✅ Calculate deterministic and probabilistic volumes
✅ Perform Monte Carlo simulations in GeoX
✅ Assess risked resources and evaluate portfolios
👥 Who Should Attend
-
Exploration geologists & geophysicists
-
Petroleum engineers involved in exploration
-
Asset managers and exploration team leads
-
Professionals needing skills in prospect risk/resource assessment
🗂️ Training Format
✅ In-person or virtual instructor-led delivery
✅ Live GeoX demonstrations & exercises
✅ Group discussions & interpretation workshops
✅ Q&A sessions
📅 Detailed Daily Agenda with Time Breaks
📅 Day 1: Prospect Fundamentals & Introduction to GeoX
| Time | Topic |
|---|---|
| 08:30 – 09:00 | Registration & Welcome |
| 09:00 – 10:30 | Introduction to Prospect Assessment & GeoX Overview |
| 10:30 – 10:45 | ☕ Coffee Break |
| 10:45 – 12:15 | Elements of a Petroleum System & Trap Identification |
| 12:15 – 13:15 | 🍽 Lunch |
| 13:15 – 14:45 | Geological Chance of Success (Pg) Estimation Concepts |
| 14:45 – 15:00 | ☕ Coffee Break |
| 15:00 – 16:30 | GeoX Interface & Project Setup |
📅 Day 2: Geological Chance of Success (Pg) Analysis
| Time | Topic |
|---|---|
| 08:30 – 10:00 | Source, Reservoir, Seal & Trap Risk Assessment |
| 10:00 – 10:15 | ☕ Coffee Break |
| 10:15 – 12:15 | Building Probability Trees in GeoX |
| 12:15 – 13:15 | 🍽 Lunch |
| 13:15 – 14:45 | Practice: Pg Calculation in GeoX |
| 14:45 – 15:00 | ☕ Coffee Break |
| 15:00 – 16:30 | Case Study: Real Prospect Pg Estimation |
📅 Day 3: Volumetric Calculations & Uncertainty Modeling
| Time | Topic |
|---|---|
| 08:30 – 10:00 | Deterministic vs Probabilistic Volumetrics |
| 10:00 – 10:15 | ☕ Coffee Break |
| 10:15 – 12:15 | Inputs: Area, Thickness, Porosity, Saturation, Recovery |
| 12:15 – 13:15 | 🍽 Lunch |
| 13:15 – 14:45 | Building Distribution Ranges in GeoX |
| 14:45 – 15:00 | ☕ Coffee Break |
| 15:00 – 16:30 | Hands-On: Monte Carlo Simulation for Volumes |
📅 Day 4: Risked Resource Assessment & Prospect Ranking
| Time | Topic |
|---|---|
| 08:30 – 10:00 | Calculating Mean, P10, P50, P90 Resources |
| 10:00 – 10:15 | ☕ Coffee Break |
| 10:15 – 12:15 | Risking Volumes & Estimating EMV (Expected Monetary Value) |
| 12:15 – 13:15 | 🍽 Lunch |
| 13:15 – 14:45 | Prospect Ranking & Portfolio Concepts |
| 14:45 – 15:00 | ☕ Coffee Break |
| 15:00 – 16:30 | GeoX Exercise: Multi-Prospect Portfolio Analysis |
📅 Day 5: Integrated Prospect Evaluation & Final Projects
| Time | Topic |
|---|---|
| 08:30 – 10:00 | Incorporating Analog Data & Sensitivity Analysis |
| 10:00 – 10:15 | ☕ Coffee Break |
| 10:15 – 12:15 | Integrated GeoX Workflow for Full Prospect Evaluation |
| 12:15 – 13:15 | 🍽 Lunch |
| 13:15 – 14:45 | Group Exercise: Realistic Prospect Assessment |
| 14:45 – 15:00 | ☕ Coffee Break |
| 15:00 – 16:30 | Presentations, Discussion & Course Wrap-Up |
📦 Materials Provided
✅ Course manual & GeoX workflow guides
✅ GeoX exercise datasets
✅ Certificate of Completion
Target audiences
- Reservoir Engineers, Geologists
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