|SPE Aberdeen Monthly Dinner meeting - POSTPONED|
23 May 2012 at 18:30
Open on Wednesday
|Venue||Douglas Hotel, 43-45 Market Street, Ab11 5El|
This event has had to be cancelled. We hope to re-schedule it next year.
Linking Risk and Uncertainties to Field Development Planning
Stephen Kuo of BP and SPE Distinguished Lecturer will speak at the May evening meeting. This is an opportunity to network with other SPE members before the talk and afterwards at the buffet meal.
The complex geological architecture in deepwater turbidite reservoirs, coupled with multi-billion dollars development schemes, i.e, dry or wet tree wells, subsea pipeline system and floating facilities, makes field development planning a very challenging task. The reservoir engineer is often faced with tough questions: “How many wells are required and what the reserve volume is and its range”. To answer these questions requires a complete assessment of risk and uncertainties of the reservoir to be developed. Even with the most rigorous technical approach the uncertainties will still remain. It is equally important to communicate the risk and uncertainties to key stake holders so that an informed business decision can be made. This lecture will discuss a systematic approach to frame the risk, link the risk to uncertainties, assess the uncertainties and develop an activity plan. The activity plan should be tied to reservoir surveillance program so that risk is mitigated and the uncertainties are reduced as the project moves into execution and production phases. Key take-away is to keep risk and uncertainties analysis simple by looking at a big picture and only focus on the uncertainty parameters that have a material impact on the business. A few examples of field development plan will be discussed in the lecture.
Arrive 18.00 registration for 18.30 presentation, 19.30 buffet.
Booking in advance at www.rodgerandco.com for rates below. Late bookings (within 24 hours) incur an additional £5 charge.