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In-Situ Reserves & Resources Fundamentals Course
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In-Situ Reserves and Resources

Fundamentals Course

Presented by GLJ Petroleum Consultants – CHOA Diamond Sponsor and Workshop Partner

Wednesday, June 21, 2017
9am - 4pm
Coffee and lunch provided
CHOA boardroom - 2310 144, 4 Ave SW

PRESENTERS: Bill Spackman and Jeanine Vany, GLJ Petroleum Consultants

CHOA Members: 

Non Members: $499


For employees in transition or students, please call: 
 Jill Sugars at 403.269.1755 ext 300 for adjusted pricing.

The In-Situ reserves and resources fundamentals course provides a detailed introduction to all aspects of evaluating an in situ asset; from Geology to Engineering to Economics. Students will be presented with a simple yet robust method to evaluate and prepare a business case for an In Situ Acquisition and Divestiture Opportunity from the ground up and will be tasked as a group to evaluate an example property. 

The morning will focus on the basics of oil sands geology; including modern analogues discussion, facies recognition from core and well logs, net pay mapping and bitumen initially in place calculations.

The afternoon will focus on proper reserve and resource classification, type well creation, including estimating recovery factors, steam oil ratios (SOR) and production profiles, and in-situ project economics. Groups will utilize the methods presented, in combination with their geological evaluation from the AM session, to create a development plan and corresponding production and economic forecast.

People who may be interested in this course:

· Engineers, Geologists or any Geoscientists interested in learning the basics of what goes into an in situ reserves and resource evaluation.

· Anyone who works in-situ but doesn’t know much about the reserves process, or someone who knows about the reserves process but isn’t as familiar with in-situ assets

· Engineers who want to learn a bit about in-situ geology or geologists who want to learn a bit about engineering. The geological and engineering concepts will be presented at a suitably high level for basic understanding.

· Anyone with a finance background that wants some insight into what technical work goes into an in-situ reserves evaluation.

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