This workshop provides a comprehensive overview of global LNG markets, examining supply-demand dynamics, pricing structures, and risk management strategies. Participants will gain practical insights into LNG trading mechanisms, contract structures, and the use of financial instruments for hedging price volatility in an evolving energy landscape.

Workshop Objectives

• By the end of this workshop, participants will be able to:
  
• Understand the fundamentals of global LNG market development and trade flows.
  
• Analyze LNG pricing models, benchmarks, and contractual frameworks.
  
• Evaluate price risks and market uncertainties in LNG transactions.
  
• Apply hedging tools and strategies to manage exposure and enhance profitability.

About the Presenter

The workshop is delivered by an energy market specialist in LNG trading, pricing, and risk management. With hands-on experience in both commercial operations and market analysis, the presenter combines real-world case studies with practical tools to help participants navigate the complexities of the LNG value chain.

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Material Balance Modeling
November 28, 2026 - November 29, 2026
Material Balance Modeling

Material balance is one of the most direct methods available to a reservoir engineer for estimating hydrocarbons in place, identifying the drive mechanism and forecasting reservoir performance. It requires far less data than a full numerical model, and when it is set up correctly it produces results that can be defended in technical reviews and reserve audits.This workshop covers the complete material balance workflow as it is applied on producing assets. It begins by placing the reservoir within the integrated production system, then moves through data preparation and quality control, tank model construction, drive mechanism identification, and the use of analytical and graphical diagnostic tools. Participants work through the classical diagnostic plots, including Dake and Campbell, and learn how to read what each plot indicates about depletion, gas cap expansion and water influx.The second part of the workshop addresses history matching using both analytical and graphical techniques, determination of STOIIP, aquifer identification and sizing, and running prediction cases to generate production forecasts and recovery estimates. Results are compared against volumetric and simulation-based estimates so that participants understand where material balance is reliable and where a numerical model becomes necessary.The workshop is delivered at an advanced level and is intended for engineers who already work with production and pressure data and want a structured, repeatable method for in-place volumes, drive mechanism evaluation and performance prediction.