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7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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BEng (Hons) Petroleum Engineering
Course:
Introduction To Petroleum Engineering
Instructor
Dr. Tarek Darwich
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Course Outlines:
What is Petroleum Engineering?
The Life Cycle of Oil and Gas projects,
Origin, formation and accumulation of Petroleum,
Oil & Gas Exploration,
Appraisal of Oil & Gas Discoveries,
Development of Oil & Gas Discoveries,
Producing Oil & Gas Fields,
Transportation of Oil & Gas,
The Petroleum Industry & the Environment,
Petroleum Economics.
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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E & P Project Cash Flow
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Risk & Uncertainty
Introduction to Petroleum Engineering
Year 2012 - 2013
Risk is the probability that a parameter of interest fails to work at theminimum level expected.
Uncertainty is the variation in or the range of possible outcomes.
The probability of a discovery is defined as the product of the following majorprobability factors:
Reservoir
Trap & seal formation
Generation, migration and accumulation of hydrocarbon
Retention of hydrocarbons after accumulation
Any prospect with less than 10% probability is a very risky prospect.
During exploration phase there is a big uncertainty regarding the size of anypossible discovery.
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Probability & Risk
Introduction to Petroleum Engineering
Year 2012 - 2013
Probability vs Risk Geological Probability Assessment
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Probability Of Success (POS)
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Resources/Reserves Estimation
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Resources/Reserves Estimation
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Uncertainty in Reserves/Resources Estimation
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Relationship between Geological Features & Resources Estimation
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Relationship between Geological Features & Resources Estimation
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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An Example of Estimating the Probability of Effective Migration & Timing
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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The Typical Exploration Strategy
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Prospect Evaluation Steps
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Prospect Evaluation Steps
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Prospect Evaluation Steps - Example
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Prospect Evaluation Steps - Example
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Prospect Evaluation Steps Example (Continued)
Introduction to Petroleum Engineering
Year 2012 - 2013
7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf
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Prospect Evaluation Steps Example (Continued)
Introduction to Petroleum Engineering
Year 2012 - 2013