PlanVR Training

Schedule – Fundamental PlanVR

Day One

	General Introduction to PlanVR
	Exercise 1 – Single Field Development
	Exercise 2 – Competing Development Scenarios
	Wrap-up

Day Two

Exercise 3 – Project uncertainty evaluation with Monte Carlo simulation

	Exercise 4 – Project uncertainty evaluation with Decision Trees
	Review and Course Evaluation

Each class day includes a one hour lunch and two 15 minute coffee breaks, both morning and afternoon.

You will learn how to: Create full-cycle business models for oil and gas upstream projects using the PlanVR software. Models may include uncertainties and be analyzed using a combination of Monte Carlo simulation, decision tree, scenario analysis. You will also learn to quantify project value and risk using pre-built EconVR or Excel spreadsheet fiscal models.

The objective is to enable participants to create simple full-cycle project models and calculate economic results using PlanVR (the core element in the PetroVR tool-suite). In the process you will gain a basic understanding of the structure and functionalities of the software. Except for a short introduction, the course is “hands on”, consisting of exercises supervised by the course manager.

Participants will benefit from having some prior experience in economic evaluation of upstream oil and gas projects.