Risk Analysis for the Petroleum Industry CEUs Continuing Education Units

							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.