Course Overview

Day-by-Day Outline

Day 1 – Geological & Geophysical Screening

• - Reviewing regional geology and basin architecture
• - Identifying potential plays and trap types
• - Interpreting seismic and gravity/magnetic data
• - Exercise: Evaluate a basin for exploration block potential

Day 2 – Play Fairway Analysis & Risk Assessment

• - Defining and mapping play fairways
• - Assessing reservoir, seal, source, and timing risks
• - Using play chance maps for portfolio building
• - Workshop: Build a play fairway map from provided data

Day 3 – Prospectivity Mapping & Resource Estimation

• - Prospect mapping techniques using seismic and well data
• - Volumetric resource estimation fundamentals
• - Generating P10, P50, P90 estimates
• - Exercise: Calculate resources for hypothetical prospects

Day 4 – Portfolio Ranking & Block Selection

• - Ranking prospects and blocks by risked value
• - Balancing technical and commercial factors
• - Building exploration block portfolios
• - Workshop: Prioritize exploration blocks for a licensing round

Day 5 – Practical Applications & Case Studies

• - Integrating multidisciplinary data for evaluation
• - Case studies of successful and failed block selections
• - Capstone Exercise: Develop a recommendation report for block selection
• - Group presentations and peer review

Expected Learning Outcomes

•  Perform geological and geophysical evaluations of exploration areas
•  Map and analyze play fairways and prospectivity
•  Estimate resources and assess exploration risks
•  Rank blocks for licensing or bid rounds based on technical and commercial factors
•  Develop clear recommendations for block offering strategies