This workshop delivers practical insights into reservoir economics and risk analysis, equipping participants with the tools to evaluate project value, assess uncertainties, and make informed investment decisions. The session emphasizes integrating economic principles with technical data to support sound planning and sustainable field development.

Workshop Objectives

• Understand key economic concepts applied to reservoir evaluation.
  
• Learn methods to model cash flows, reserves, and project profitability.
  
• Explore techniques for identifying and quantifying risks and uncertainties.
  
• Apply risk-adjusted decision-making to real-world reservoir scenarios.

About the Presenter

The workshop will be led by an experienced industry professional with a strong background in reservoir engineering, economics, and risk management. With extensive project and training experience, the presenter offers practical guidance to help participants link technical analysis with economic decision-making for improved project 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.