Day 1: General Overview
Introduction
Risks Versus Uncertainties
Why Evaluate Risks And Uncertainty
Exploration Risk Assessment
Field Development & Production Uncertainty Management

Day 2: Exploration Risk Assessment

Probability Concepts & Calculation Rules
Conditional Probability
Random Variables
Basic Distributions
Exploration Risk Assessment

Day 3: Static Uncertainty

Static Evaluation
Volumes Originally In Place
Static Uncertainty
Structural & Geological Uncertainty
Monte Carlo Analysis
Geostatistics
Kriging & stochastic simulations

Day 4: Dynamic Uncertainty
Dynamic Evaluation
Material Balance Analysis
Flow Simulation
History Matching & Production Predictions
Dynamic Uncertainty
Monte Carlo Analysis
Experimental Design
Proxy Models

Day 5: Flow Simulation
General Overview
Reservoir Description,
Fluid Description
Wells & Aquifers
Running the Flow Model
History matching
Production forecasting

Exam