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|In-Situ Reserves & Resources Fundamentals Course|
CHOA Members $499 | Non Members $599
May 9th, 2019
For employees in transition or students, please call:
Jill Sugars at 403.269.1755 ext 300 for adjusted pricing.
Presented by GLJ Petroleum Consultants | CHOA Diamond Sponsor and Workshop Partner
The In Situ Reserves and Resources Fundamentals course serves as a detailed introduction to all aspects of evaluating an in situ asset; from Geology to Engineering to Economics. Students will take away a straightforward and robust method to evaluate and prepare a business case for an in situ acquisition and divestiture opportunity from the ground up. As a group, students will then have the opportunity to put this method to work and evaluate an example property.
Who will benefit from this course?
8:30 am – 12:00 pm The basics of oil sands geology; modern analogues discussions; facies recognition from core and well logs; net pay mapping and bitumen initially-in-place calculations.
12:00 pm – 12:30 pm Complimentary lunch.
12:30 pm – 4:30 pm Proper reserves and resource classification; type well creation (including estimating recovery factors); steam oil ratios (SOR) and production profiles; in-situ project economics; development plan and corresponding production and economic forecast exercise.