Video 6 How companies deal with risk and uncertainty and how Stratum Reservoir can help
First, we consider how companies try to assure that estimates of risk and uncertainty associated with critical prospect elements are made as objectively as possible utilizing a team approach. Most of the video is concerned with how those estimates must be supplemented/better understood during the early phases of a project in the event that the exploration well is successful. The participation of external experts in peer reviews, and the input of SMEs from Stratum, often ensures more objective assessments as a result of the reduction of the human biases that are often found in the evaluations of teams who do not seek objective external input.
Kevin’s 37 years of experience in technical leadership and SME roles has resulted in a deep integrated understanding of exploration, development and project oversight in deepwater petroleum systems in the Gulf of Mexico, North Sea & West Africa. He has also worked extensively in the Middle East & Australasia. As a Divisional and Corporate Chief Geologist he developed significant experience in integrated project assurance, & individual and team development. He has developed/delivered short- and long-form courses for industry in Play-Based Exploration and Integrated Project Development.
Katya is one of the founders of Actus Veritas Geoscience and U3 Explore. She has more than 30 years of experience in the Petroleum Industry. Katya is a uniquely qualified professional with experience in geoscience, geospatial analysis, design, and implementation of specialized technical assessments and technologies in the Upstream Oil and Gas Industry. She is now applying her oil and gas subsurface characterization skills in decarbonization projects in regional and injection site assessments.