This workshop delivers a structured approach to evaluating exploration prospects, assessing geological and commercial risks, and estimating hydrocarbon volumes. Participants will gain practical insights into prospect assessment workflows and decision-making processes that guide exploration investments.

Workshop Objectives

• Understand the fundamentals of prospect definition and evaluation.
  
• Apply methodologies for volumetric estimation and resource classification.
  
• Assess geological, technical, and commercial risks in exploration projects.
  
• Integrate geoscience and engineering data into prospect evaluations.
  
• Strengthen decision-making for exploration portfolio management.

About the Presenter

The workshop is conducted by a senior industry professional in exploration geology, risk assessment, and resource evaluation. Drawing on field experience and best practices, the presenter equips participants with practical tools to apply robust evaluation methods and enhance exploration outcomes.

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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.