Use Aspen Geolog to capture and assess uncertainty at every stage of the petrophysical process. Quantify and reduce uncertainty through meticulous analysis and improve your investment decisions. |
Petroleum geologists, engineers and petrophysicists |
GEO024
1 day(s)
0.7
Introductory
Learn how to capture uncertainty at every step of the process and understand the value of quantifying petrophysical uncertainty on determining the NPV of an asset. |
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Basic knowledge of Geolog software and Petrophysics recommended |
GEO103 |
Topic 1: Introduction to Petrophysical Uncertainty Theory Learn the fundamentals of the petrophysical uncertainty and the impact of petrophysical parameters on reserves estimation by evaluating different probability scenarios. Topic 2: Monte Carlo Simulation Overview Learn to include the Monte Carlo uncertainty in Geolog modules. Workshop 1: Estimate uncertainties by applying Monte Carlo method in log analysis. • Inclusion of Monte Carlo in the Shale Volume module • Inclusion of Monte Carlo in a combination of multiple Loglan modules Topic 3: Learn about Deterministic Uncertainty Learn the Monte Carlo Uncertainty used in Geolog’s Deterministic Petrophysics Uncertainty workflow. Determine the probability distributions of porosity, saturation and permeability that help reservoir engineers evaluate risks. Workshop 2: Learn to estimate uncertainties in Deterministic log analysis Topic 4: Environmental Corrections Uncertainty Calculations Topic 5: Deterministic Uncertainty Analysis Topic 6: Perform Reserves Estimation Learn to quantify the petrophysical uncertainty for a better understanding of reservoir behavior and to make accurate volumetric estimates. Workshop 3: Reserves and NPV (Net Present Value) estimation Topic 7: Learn about the Reservoir Summary Report Topic 8: Learn to Perform Sensitivity Analysis |
Aspen Technology, Inc. awards Continuing Education Units (CEUs) for training classes conducted by our organization. One CEU is granted for every 10 hours of class participation.