Risk Analysis for the Petroleum Industry CEUs Continuing Education Units
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Risk Analysis for the Petroleum Industry 1.6 CEUs (Continuing Education Units) awarded for this 2-day course. Instructors Cheryl Collarini, Explore Enterprises L.L.C. Dennis Jordan, Collarini Associates Intended Audience Managers, engineers, accountants, geologists, landmen, and other professionals routinely involved in evaluating investment choices can benefit from this course. The participant should already have a basic understanding of oil and gas economics. Description This course provides a thorough understanding of the analytical methods that help determine the expected profitability of a project. Participants have the opportunity to solve a variety of example problems on geologic, engineering, and mechanical risks. Topics Covered ♦ Decision Analysis Methods ♦ Risk Analysis ♦ Rules of Probability ♦ Binomial Expansion ♦ Dependent Outcomes ♦ Risk-Weighted Expected Value ♦ Risk-Weighted Profitability ♦ Effects of Dependency on Expected Value ♦ Sensitivity Analysis to Risk ♦ Multiple Zone/Prospect Applications ♦ Statistical Measures ♦ Applying Probability Distributions ♦ Monte Carlo Simulation ♦ Central Limit Theorem ♦ Dependent Variables ♦ Sensitivity Analysis About the Instructors Cheryl R. Collarini is Vice President of Engineering for Explore Enterprises LLC. She founded Collarini Engineering Inc. (CEI) in 1985 after an eleven year career with Mobil Oil. Collarini has conducted and directly supervised resevoir analysis for acquisition, divestment, reserve reports, and field studies on hundreds of offshore fields. She has authored a manual on project development methods, and conducted many training sessions on economics and risk analysis. She earned a BS degree in Civil Engineering from MIT and an MBA degree from the University of New Orleans. Dennis Jordan is President of Collarini Associates. He has more than 25 years' experience in project management, property evaluation, and reservoir, production, and drilling engineering. He has taught risk analysis and project economics worldwide. He provides a thorough understanding of the analytical methods that help determine the expected profitability of a project.