Category Name > Oil & Gas


The course assumes basic or no previous knowledge of uncertainty, risk analysis or decision analysis; although preliminary to intermediate knowledge of exploration, production and development of oil and gas fields is required. Advanced knowledge is a plus. The course is designed for professional petroleum industry personnel.Both upstream and downstream industry workers will benefit from the workshop. Fundamental risk and decision analyses tools will be thoroughly covered and their applications and implementations will be explained.  Case studies and strategy developments through utilizing traditional and non-traditional techniques will be exercise during the workshop. Monte Carlo simulator is used for risk analyses. 

Who should Attend

Both upstream and downstream professionals would benefit from such workshop, in addition to all management levels


Day 1:  Petroleum Industry Overview

Day 2: Types of Distributions Used for Risk Analysis

Day 3:  Presenting Results

Day 4: Decision Analysis

Day 5: Case Studies & Applications