Risk Assessment, A Geostatistics Perspective
The use of Geostatistics is now common practice in the E&P industry, demonstrating significant progression from more traditional deterministic methods where decision-making was based on a single “representative” static model.
Generating multiple realisations of the reservoir allows capture and quantification of in-place and recoverable volume risks that are associated with various subsurface uncertainties.
The range in reservoir realisations is generated using kriging and geostatistical conditional simulation, techniques that consider the numerous solutions of petrophysical properties at unsampled locations away from drilled wells.
The author will present an introduction to geostatistical conditional simulation methods, its relationship with kriging and its application to risk assessment in the E&P industry
Annual SPE Scholarship Fundraising Golf Day 2014
On behalf of the Society of Petroleum Engineers WA Division, we would like to warmly invite you to participate in the Annual SPE Scholarship Fundraising Golf Day.
Joondalup Resort, Friday 6th June
Play will be in the afternoon, with access to the driving range and practice greens prior to commencement. Food and beverages will be available to players throughout the day
Following the golf is a sit down buffet dinner with drinks and presentation of prizes.
Prizes for 1st, 2nd and 3rd and Skill Prizes
In past years industry associated companies have generously sponsored SPE golf days ensuring a successful event and the continuation of SPE student scholarships to local petroleum engineering students. All monies raised goes towards student scholarships.
Book your Flight of 4 today! Please indicate TBC if any names/handicaps are unknown and confirm at registration on the day.