Here are the key steps to apply for more funds in OilSim:
1. Click on the "Apply for More Funds" tab
2. Choose how much additional cash you want to apply for, up to a maximum of $200 million
3. Answer multiple choice questions about the OilSim simulation, with each correct answer worth 1 CP
4. Your CPs determine how much cash you receive and whether you keep the CPs:
- All correct answers gets full cash and you keep CPs
- One wrong answer gets full cash but you keep half CPs
- Two wrong answers gets half cash and you lose all CPs
- All wrong answers gets no cash and you lose all CPs
5
Here are the key steps to follow based on the exploration results:
1. Reprocess seismic data for your discovery to better define the reservoir.
2. Drill at least one appraisal well into your largest discovery to determine if it can be commercially developed based on the size of recoverable reserves.
3. If the appraisal well looks promising, consider drilling a second appraisal well to further assess the field size.
4. Once you have a better understanding of the field size from appraisal drilling, evaluate if development costs can be recovered from future production revenues based on current oil/gas prices.
5. If the field is economically viable, proceed with field development planning. Otherwise, consider selling the license
The document discusses various aspects of oil exploration and production, including:
1) Teams are tasked with finding sedimentary basins using magnetic and gravity surveys to earn credibility points.
2) Teams then bid on blocks near identified basins and choose corporate social responsibility projects to increase points for license awards.
3) Licensed blocks can be farmout to acquire funding and farmin to other blocks to spread risk, with the goal of drilling exploration and appraisal wells to prove oil reserves.
The document discusses various aspects of oil and gas exploration, including:
1) Finding sedimentary basins using magnetic and gravity surveys and submitting the coordinates of three basin centers.
2) Identifying the most promising oil and gas blocks and bidding on licenses to drill exploration wells.
3) Choosing corporate social responsibility projects to increase credibility points to improve chances of winning licenses.
4) Farming into other licenses by investing a percentage in exchange for a share of future revenues.
The document provides instructions for participants in an oil and gas simulation game called OilSim. It outlines three main challenges: 1) finding sedimentary basins using magnetic and gravity surveys, 2) identifying and bidding on the most promising exploration blocks near a basin, and 3) reducing risk through partnerships while acquiring seismic data and drilling exploration/appraisal wells. The goal is to make economically viable hydrocarbon discoveries and maximize the net value of license blocks.
The document provides instructions for an exploration team on their tasks in finding and drilling for new petroleum reserves. The team's objective is to maximize return on investment. They are given $50 million to start and can apply for more funds later. Teams explore areas, identify sedimentary basins using surveys, bid on exploration licenses, drill wells using rigs, and can partner with other teams to share risks and rewards. The goal is to discover oil and gas fields and achieve the highest profit relative to funds received.
The document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas fields. The tasks include identifying sedimentary basins using surveys, bidding on exploration licenses, partnering to share risks and costs, 3D seismic analysis, exploration drilling, appraising discoveries, and developing field production plans. The goal is to maximize the net value of discoveries through correct decisions and efficient operations while gaining experience in the upstream process.
This document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas resources. The tasks include locating sedimentary basins using surveys, bidding on exploration licenses, acquiring seismic data, drilling exploration and appraisal wells to evaluate discoveries, and developing field production plans to maximize resource recovery. The goal is to make economically viable decisions that consider costs, risks, environmental factors, and partnerships with other teams.
The document provides an overview of the OilSim simulation game. Players take on the role of an exploration team tasked with finding and drilling for new oil reserves. The simulation involves 3 challenges: 1) locating sedimentary basins using surveys, 2) bidding on exploration licenses, and 3) partnering and drilling exploratory wells. It explains gameplay mechanics like available finances, knowledge points that reward correct decisions, and calculating return on investment. The goal is for players to learn about the oil and gas industry through practical experience in the simulation.
Here are the key steps to follow based on the exploration results:
1. Reprocess seismic data for your discovery to better define the reservoir.
2. Drill at least one appraisal well into your largest discovery to determine if it can be commercially developed based on the size of recoverable reserves.
3. If the appraisal well looks promising, consider drilling a second appraisal well to further assess the field size.
4. Once you have a better understanding of the field size from appraisal drilling, evaluate if development costs can be recovered from future production revenues based on current oil/gas prices.
5. If the field is economically viable, proceed with field development planning. Otherwise, consider selling the license
The document discusses various aspects of oil exploration and production, including:
1) Teams are tasked with finding sedimentary basins using magnetic and gravity surveys to earn credibility points.
2) Teams then bid on blocks near identified basins and choose corporate social responsibility projects to increase points for license awards.
3) Licensed blocks can be farmout to acquire funding and farmin to other blocks to spread risk, with the goal of drilling exploration and appraisal wells to prove oil reserves.
The document discusses various aspects of oil and gas exploration, including:
1) Finding sedimentary basins using magnetic and gravity surveys and submitting the coordinates of three basin centers.
2) Identifying the most promising oil and gas blocks and bidding on licenses to drill exploration wells.
3) Choosing corporate social responsibility projects to increase credibility points to improve chances of winning licenses.
4) Farming into other licenses by investing a percentage in exchange for a share of future revenues.
The document provides instructions for participants in an oil and gas simulation game called OilSim. It outlines three main challenges: 1) finding sedimentary basins using magnetic and gravity surveys, 2) identifying and bidding on the most promising exploration blocks near a basin, and 3) reducing risk through partnerships while acquiring seismic data and drilling exploration/appraisal wells. The goal is to make economically viable hydrocarbon discoveries and maximize the net value of license blocks.
The document provides instructions for an exploration team on their tasks in finding and drilling for new petroleum reserves. The team's objective is to maximize return on investment. They are given $50 million to start and can apply for more funds later. Teams explore areas, identify sedimentary basins using surveys, bid on exploration licenses, drill wells using rigs, and can partner with other teams to share risks and rewards. The goal is to discover oil and gas fields and achieve the highest profit relative to funds received.
The document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas fields. The tasks include identifying sedimentary basins using surveys, bidding on exploration licenses, partnering to share risks and costs, 3D seismic analysis, exploration drilling, appraising discoveries, and developing field production plans. The goal is to maximize the net value of discoveries through correct decisions and efficient operations while gaining experience in the upstream process.
This document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas resources. The tasks include locating sedimentary basins using surveys, bidding on exploration licenses, acquiring seismic data, drilling exploration and appraisal wells to evaluate discoveries, and developing field production plans to maximize resource recovery. The goal is to make economically viable decisions that consider costs, risks, environmental factors, and partnerships with other teams.
The document provides an overview of the OilSim simulation game. Players take on the role of an exploration team tasked with finding and drilling for new oil reserves. The simulation involves 3 challenges: 1) locating sedimentary basins using surveys, 2) bidding on exploration licenses, and 3) partnering and drilling exploratory wells. It explains gameplay mechanics like available finances, knowledge points that reward correct decisions, and calculating return on investment. The goal is for players to learn about the oil and gas industry through practical experience in the simulation.
Updated op ex power-point 22nd march 2011Meghan Clark
This document provides an overview and agenda for a three-part learning simulation about the oil and gas industry called OilSim. The simulation uses a team-based challenge where participants take on the role of an exploration team tasked with finding and drilling for new oil reserves. It outlines the objectives to learn about exploration, drilling, partnerships, licensing rounds, and applying business strategies. The agenda includes challenges to find sedimentary basins, identify promising blocks, form partnerships, conduct drilling, and participate in additional licensing rounds. It describes the evaluation of teams based on return on investment and credibility points awarded for correct decisions.
The document provides information and instructions for an exploration team participating in an online oil and gas exploration simulation. It outlines the team's objectives to find reserves and maximize returns. It also describes various exploration activities the team can undertake like acquiring surveys, identifying basins, bidding on licenses, partnering with other teams, drilling wells, and testing for oil and gas discoveries. The goal is to make successful exploration decisions and have the highest return on investment compared to other participating teams.
The document provides an overview of an onshore oil and gas exploration simulation. Players take on the role of an exploration team tasked with finding and drilling for reserves to maximize return on investment. The simulation involves completing challenges such as identifying sedimentary basins using surveys, bidding on exploration licenses, and partnering with other teams to share risks and costs. Players can earn credibility points for correct decisions which are considered when applying for funds or bidding on blocks. The goal is to learn about the key stages and decisions involved in onshore oil and gas exploration.
The document provides an introduction to onshore petroleum exploration. It outlines the objectives of finding new reserves and maximizing return on investment. It discusses finances, credibility points, licenses, partnerships, seismic surveys, drilling, and applying for more funds. The overall goal is to learn about the exploration process through simulations and make critical decisions to increase value and return on investment.
The document provides an overview of an onshore oil and gas exploration simulation game. It outlines the key challenges players will face, including finding sedimentary basins using surveys, bidding on exploration licenses, and partnering to spread drilling risks. It explains concepts like source rocks, traps, seismic data interpretation, and farm-in/farm-out agreements. The goal is to maximize return on investment through successful exploration efforts and credibility points reward good decisions.
The document provides information about an oil and gas simulation game. It describes challenges around finding sedimentary basins, bidding on exploration licenses, acquiring 3D seismic data, developing well plans, and designing production facilities. The goal is to maximize the net value of discovered oil and gas fields by making correct decisions that balance costs, production, the environment, and risk.
The document provides information about using an oil and gas simulation game to learn about the oil and gas industry. It describes various challenges in the simulation that involve exploring for oil and gas, including identifying sedimentary basins, acquiring seismic data, bidding on exploration licenses, drilling wells, and planning production facilities. The goal is to maximize the net value of discovered oil and gas fields while gaining experience in decision making, teamwork, and evaluating economic and environmental factors.
The document provides an overview of the tasks and objectives for an onshore oil and gas exploration simulation. Participants will take on the role of an exploration team tasked with finding and drilling for reserves to maximize return on investment. The challenges include identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships through farm-ins and farm-outs, and selecting drilling rigs to explore blocks. The goal is to learn about the exploration process and industry while earning credibility points to demonstrate skills.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team tasked with discovering oil and gas reserves through licensing blocks, acquiring surveys, drilling wells, and managing finances. The goal is to maximize profit by finding hydrocarbons, developing any discoveries, and hedging risk through partnerships while balancing costs. Players must make strategic decisions around exploration, appraisal, development, and joint ventures to be successful.
Petro challengefinal 2010 ppt presentationMeghan Clark
The document provides information about an oil and gas exploration simulation game called International PetroChallenge2010. Players take on the role of an exploration team with the goal of maximizing financial returns through discovering and developing oil and gas reserves. The simulation involves multiple tasks such as identifying sedimentary basins using surveys, bidding on exploration licenses, partnering with other teams, drilling exploration wells, and calculating the value of any discovered resources. Players can learn about key aspects of the oil and gas industry through participating in the simulation.
Opito petrochallenge 2010 offshore presentationMeghan Clark
The document provides an introduction to oil and gas exploration through a simulation game. It outlines the objectives to maximize return on investment and credibility points. It describes key steps like identifying sedimentary basins using surveys, bidding on licenses, partnering through farm-ins and farm-outs to spread risk, drilling exploration wells using appropriate rigs and service providers, and applying for additional funds. The goal is to discover and appraise hydrocarbon volumes through repeated exploration cycles to determine proven reserves.
This document provides information about an oil and gas exploration simulation game called PetroChallenge IPAA 2011. The simulation allows participants to take on the role of an exploration team with the goal of maximizing returns through various exploration and development activities. These include identifying sedimentary basins using surveys, bidding on licenses, acquiring partnerships through farm-ins and farm-outs, drilling exploration wells using various rigs and service providers, analyzing drilling results, and calculating field value. The game aims to enhance understanding of the full petroleum exploration and field development process.
OilSim is a simulation game that teaches about the oil and gas exploration process. Players take on the role of an exploration team with the goal of maximizing return on investment. The simulation involves bidding on exploration licenses, interpreting seismic data to find prospects, drilling exploration wells, testing any discoveries, and developing oil fields. Players must manage costs, risks, and environmental concerns at each stage of exploration.
Offshore - Dubai -Introduction to ExplorationMeghan Clark
The team is given $200 million to explore for oil and gas in a new petroleum province through activities like acquiring surveys, locating sedimentary basins, bidding on blocks, drilling exploratory wells, and seeking partnerships. The goal is to maximize the net value of discovered hydrocarbons minus all costs. Knowledge points are earned for correct decisions and can be used to get funds or bid on better blocks in future licensing rounds. The document provides guidance on the exploration and field development process.
The document outlines the progress made on a video editing project in Adobe Illustrator and After Effects. Six shots were created in Illustrator using tools like the pen tool, eyedropper, paintbrush, and settings for stroke and fill. These shots were then compiled and edited together as a sequence in After Effects, applying effects and adjusting properties like scale, opacity, position, and rotation across the various shots to assemble the final video. The storyboard was also updated due to an approaching deadline.
El documento habla sobre la Web 2.0, una nueva herramienta para crear y compartir contenido de forma interactiva en Internet. Describe exponentes de la Web 2.0 como blogs, wikis y redes sociales que permiten publicar, comentar y modificar contenidos de manera colaborativa. El objetivo de estas herramientas es facilitar el aprendizaje y el conocimiento compartido entre usuarios.
This photo album contains pictures from my family vacation to Hawaii last summer. There are photos from our time at the beach, hiking in nature preserves, and visiting small towns along the coast. The album is arranged chronologically and includes captions for each photo to help tell the story of our wonderful trip.
The document discusses the possibility of common security criteria in the European Union. It acknowledges that national security is the responsibility of each member state, but identifies some areas where common criteria could be developed, including:
1) Ensuring the security and integrity of the EU as a whole.
2) Improving cooperation between member states on civil protection from natural and man-made disasters.
3) Taking a comprehensive approach to security issues that affect the EU and its neighborhood.
One specific example discussed is developing common criteria for classifying critical infrastructure that would be essential to maintain societal functions across multiple EU countries. However, the document also notes some limits to developing fully comprehensive common security policies.
The document summarizes a film called "Poetic Justice" that follows the story of Justice, a young woman living in South Central Los Angeles who falls into depression after her boyfriend is killed. She meets a man named Lucky and they initially argue a lot as they struggle to agree. However, Justice and Lucky eventually spend more time together and fall in love.
El documento proporciona instrucciones para instalar un sistema operativo en una PC. Explica los 11 pasos para la instalación, incluyendo tener la PC lista, respaldar archivos, introducir el DVD o USB con el SO, seguir los pasos de instalación, e instalar controladores. También compara Windows XP, 7 y 8, y describe tres tipos de copias de seguridad (total, incremental, diferencial) y los pasos para particionar un disco duro.
The song expresses regret and remorse over hurting someone referred to as "my dear." It tells the person not to blame themselves for the problems they caused in their own head. It acknowledges that mistakes were made and the person's heart was damaged in the process. The singer takes responsibility for messing things up and asks for forgiveness.
Updated op ex power-point 22nd march 2011Meghan Clark
This document provides an overview and agenda for a three-part learning simulation about the oil and gas industry called OilSim. The simulation uses a team-based challenge where participants take on the role of an exploration team tasked with finding and drilling for new oil reserves. It outlines the objectives to learn about exploration, drilling, partnerships, licensing rounds, and applying business strategies. The agenda includes challenges to find sedimentary basins, identify promising blocks, form partnerships, conduct drilling, and participate in additional licensing rounds. It describes the evaluation of teams based on return on investment and credibility points awarded for correct decisions.
The document provides information and instructions for an exploration team participating in an online oil and gas exploration simulation. It outlines the team's objectives to find reserves and maximize returns. It also describes various exploration activities the team can undertake like acquiring surveys, identifying basins, bidding on licenses, partnering with other teams, drilling wells, and testing for oil and gas discoveries. The goal is to make successful exploration decisions and have the highest return on investment compared to other participating teams.
The document provides an overview of an onshore oil and gas exploration simulation. Players take on the role of an exploration team tasked with finding and drilling for reserves to maximize return on investment. The simulation involves completing challenges such as identifying sedimentary basins using surveys, bidding on exploration licenses, and partnering with other teams to share risks and costs. Players can earn credibility points for correct decisions which are considered when applying for funds or bidding on blocks. The goal is to learn about the key stages and decisions involved in onshore oil and gas exploration.
The document provides an introduction to onshore petroleum exploration. It outlines the objectives of finding new reserves and maximizing return on investment. It discusses finances, credibility points, licenses, partnerships, seismic surveys, drilling, and applying for more funds. The overall goal is to learn about the exploration process through simulations and make critical decisions to increase value and return on investment.
The document provides an overview of an onshore oil and gas exploration simulation game. It outlines the key challenges players will face, including finding sedimentary basins using surveys, bidding on exploration licenses, and partnering to spread drilling risks. It explains concepts like source rocks, traps, seismic data interpretation, and farm-in/farm-out agreements. The goal is to maximize return on investment through successful exploration efforts and credibility points reward good decisions.
The document provides information about an oil and gas simulation game. It describes challenges around finding sedimentary basins, bidding on exploration licenses, acquiring 3D seismic data, developing well plans, and designing production facilities. The goal is to maximize the net value of discovered oil and gas fields by making correct decisions that balance costs, production, the environment, and risk.
The document provides information about using an oil and gas simulation game to learn about the oil and gas industry. It describes various challenges in the simulation that involve exploring for oil and gas, including identifying sedimentary basins, acquiring seismic data, bidding on exploration licenses, drilling wells, and planning production facilities. The goal is to maximize the net value of discovered oil and gas fields while gaining experience in decision making, teamwork, and evaluating economic and environmental factors.
The document provides an overview of the tasks and objectives for an onshore oil and gas exploration simulation. Participants will take on the role of an exploration team tasked with finding and drilling for reserves to maximize return on investment. The challenges include identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships through farm-ins and farm-outs, and selecting drilling rigs to explore blocks. The goal is to learn about the exploration process and industry while earning credibility points to demonstrate skills.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team tasked with discovering oil and gas reserves through licensing blocks, acquiring surveys, drilling wells, and managing finances. The goal is to maximize profit by finding hydrocarbons, developing any discoveries, and hedging risk through partnerships while balancing costs. Players must make strategic decisions around exploration, appraisal, development, and joint ventures to be successful.
Petro challengefinal 2010 ppt presentationMeghan Clark
The document provides information about an oil and gas exploration simulation game called International PetroChallenge2010. Players take on the role of an exploration team with the goal of maximizing financial returns through discovering and developing oil and gas reserves. The simulation involves multiple tasks such as identifying sedimentary basins using surveys, bidding on exploration licenses, partnering with other teams, drilling exploration wells, and calculating the value of any discovered resources. Players can learn about key aspects of the oil and gas industry through participating in the simulation.
Opito petrochallenge 2010 offshore presentationMeghan Clark
The document provides an introduction to oil and gas exploration through a simulation game. It outlines the objectives to maximize return on investment and credibility points. It describes key steps like identifying sedimentary basins using surveys, bidding on licenses, partnering through farm-ins and farm-outs to spread risk, drilling exploration wells using appropriate rigs and service providers, and applying for additional funds. The goal is to discover and appraise hydrocarbon volumes through repeated exploration cycles to determine proven reserves.
This document provides information about an oil and gas exploration simulation game called PetroChallenge IPAA 2011. The simulation allows participants to take on the role of an exploration team with the goal of maximizing returns through various exploration and development activities. These include identifying sedimentary basins using surveys, bidding on licenses, acquiring partnerships through farm-ins and farm-outs, drilling exploration wells using various rigs and service providers, analyzing drilling results, and calculating field value. The game aims to enhance understanding of the full petroleum exploration and field development process.
OilSim is a simulation game that teaches about the oil and gas exploration process. Players take on the role of an exploration team with the goal of maximizing return on investment. The simulation involves bidding on exploration licenses, interpreting seismic data to find prospects, drilling exploration wells, testing any discoveries, and developing oil fields. Players must manage costs, risks, and environmental concerns at each stage of exploration.
Offshore - Dubai -Introduction to ExplorationMeghan Clark
The team is given $200 million to explore for oil and gas in a new petroleum province through activities like acquiring surveys, locating sedimentary basins, bidding on blocks, drilling exploratory wells, and seeking partnerships. The goal is to maximize the net value of discovered hydrocarbons minus all costs. Knowledge points are earned for correct decisions and can be used to get funds or bid on better blocks in future licensing rounds. The document provides guidance on the exploration and field development process.
The document outlines the progress made on a video editing project in Adobe Illustrator and After Effects. Six shots were created in Illustrator using tools like the pen tool, eyedropper, paintbrush, and settings for stroke and fill. These shots were then compiled and edited together as a sequence in After Effects, applying effects and adjusting properties like scale, opacity, position, and rotation across the various shots to assemble the final video. The storyboard was also updated due to an approaching deadline.
El documento habla sobre la Web 2.0, una nueva herramienta para crear y compartir contenido de forma interactiva en Internet. Describe exponentes de la Web 2.0 como blogs, wikis y redes sociales que permiten publicar, comentar y modificar contenidos de manera colaborativa. El objetivo de estas herramientas es facilitar el aprendizaje y el conocimiento compartido entre usuarios.
This photo album contains pictures from my family vacation to Hawaii last summer. There are photos from our time at the beach, hiking in nature preserves, and visiting small towns along the coast. The album is arranged chronologically and includes captions for each photo to help tell the story of our wonderful trip.
The document discusses the possibility of common security criteria in the European Union. It acknowledges that national security is the responsibility of each member state, but identifies some areas where common criteria could be developed, including:
1) Ensuring the security and integrity of the EU as a whole.
2) Improving cooperation between member states on civil protection from natural and man-made disasters.
3) Taking a comprehensive approach to security issues that affect the EU and its neighborhood.
One specific example discussed is developing common criteria for classifying critical infrastructure that would be essential to maintain societal functions across multiple EU countries. However, the document also notes some limits to developing fully comprehensive common security policies.
The document summarizes a film called "Poetic Justice" that follows the story of Justice, a young woman living in South Central Los Angeles who falls into depression after her boyfriend is killed. She meets a man named Lucky and they initially argue a lot as they struggle to agree. However, Justice and Lucky eventually spend more time together and fall in love.
El documento proporciona instrucciones para instalar un sistema operativo en una PC. Explica los 11 pasos para la instalación, incluyendo tener la PC lista, respaldar archivos, introducir el DVD o USB con el SO, seguir los pasos de instalación, e instalar controladores. También compara Windows XP, 7 y 8, y describe tres tipos de copias de seguridad (total, incremental, diferencial) y los pasos para particionar un disco duro.
The song expresses regret and remorse over hurting someone referred to as "my dear." It tells the person not to blame themselves for the problems they caused in their own head. It acknowledges that mistakes were made and the person's heart was damaged in the process. The singer takes responsibility for messing things up and asks for forgiveness.
Este texto se trata acerca de los los avances y acontecimientos tecnológicos que han surgido en cada una de las etapas de la historia, en donde el ser humano ha sido el protagonista de su invención y su evolución.
Textual analysis using goodwin's theoryfayefletcher
Drake's music video for "Hold On We're Going Home" tells a narrative story of Drake's character whose fiancée is kidnapped by a rival gang. The 7-minute video, set in 1985 Miami, follows Drake and his crew as they work to rescue the fiancée. Though the lyrics and visuals do not strongly connect and the mellow song contrasts with the depicted violence, the overall storyline of rescuing a kidnapped lover relates to the song's theme. The video presented a new image for Drake by focusing on the narrative over his typical performance-based videos.
Este documento describe las redes sociales. Explica que son estructuras sociales representadas por gráficos donde los nodos son individuos y las aristas son las relaciones entre ellos. Luego clasifica las redes sociales en tres tipos y da ejemplos de redes populares como Facebook, Twitter y Hi5. Concluye que las redes sociales permiten ampliar los círculos sociales pero deben usarse de forma responsable.
This document discusses two famous char kuey teow stalls in Malaysia - Aunty Gemuk's stall in Kelana Jaya and Ah Leng's stall in George Town, Penang. It provides background information on both stalls such as their history, employees, customers, competitors and plans for the future. Both stalls dominate their respective local markets for char kuey teow and the nature of their markets can be described as oligopolistic.
El documento presenta el mensaje del Papa Francisco para la Cuaresma, en el que habla sobre la pobreza de Cristo y los diferentes tipos de miseria que existen. Insta a los cristianos a imitar a Cristo ayudando a los pobres y necesitados y anunciando el mensaje de misericordia y esperanza del Evangelio. Concluye deseando que la Semana Santa ayude a revivir el Misterio Pascual de Cristo y su amor por la humanidad.
The document discusses the process of choosing a title for a magazine targeted at 10-15 year old girls. The author first chose a title with a pink font that seemed girly but not bold enough. A second choice was bolder but looked like a boys' magazine. The final choice uses a font across two lines that is powerful and grabs attention while still appearing girly and mature for its target audience.
iGoogle es un producto de Google que permite a los usuarios personalizar su página de inicio agregando noticias, juegos y otros contenidos de acuerdo con sus intereses. El tutorial explica los pasos para acceder a iGoogle, seleccionar intereses y un tema, y ver la página de inicio personalizada con los resultados según la configuración realizada. La página de inicio de iGoogle también incluye acceso a servicios como Gmail, chat de Google y predicciones del tiempo.
The document provides an analysis of elements used in horror and slasher films such as Scream, Halloween, Saw, Texas Chainsaw Massacre, and Creep. It discusses the typical characteristics of slasher films including graphic violence using weapons like chainsaws. Elements analyzed include titling, camera work, lighting, costumes, characters, locations, editing techniques, sound, color, and mise-en-scene. Darkness, ominous music, close-ups, and fast editing are used to build tension and fear. Costumes, locations, and characters are often ordinary to make the violence seem more realistic and unexpected.
The group decided to recreate the Hollyoaks later trailer as it uses various shot types and edits which would challenge them to perform with exactness under fast-paced editing. They filmed at Hallam Mill in Stockport as it was the best location to fit their scene. Recreating the props and costumes of the original trailer also presented a challenge.
Trabalho de Saúde Infantil (Feito por mim) =)MiriamSantos123
O documento descreve os três tipos de queimaduras - de 1o, 2o e 3o grau - e seus sintomas e características. Também discute fracturas ósseas, incluindo seus tipos (expostas, não expostas, por fadiga, patológicas), sinais e tratamentos. Por fim, aborda intoxicações, envenenamentos e substâncias tóxicas comuns, além dos primeiros socorros necessários.
Colegio San Francisco de Paula is a school in Sevilla, Spain that offers students two lunch options and teaches classes in various core subjects and languages including Spanish, English, Chinese, German, and more. It provides many extracurricular activities like various sports, music, and arts. The school aims to provide a well-rounded education with quality facilities and connections to parents. It has a more international-focused menu and higher academic standards than most other schools in Sevilla.
This document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas resources. The tasks include identifying sedimentary basins from surveys, bidding on exploration licenses, acquiring seismic data, drilling exploration and appraisal wells to evaluate discoveries, and developing field production plans to maximize resource recovery. The goal is to make economically viable decisions that consider costs, risks, environmental factors, and partnerships with other teams.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil fields. The goal is to maximize net value from oil sales while minimizing costs. Players must locate promising sedimentary basins, acquire oil exploration licenses, conduct seismic surveys, drill exploratory wells, develop any oil discoveries, and carry out corporate social responsibility projects to earn credibility points to improve their chances of winning new licenses. Farming in and farming out partnerships allow players to share risks and costs with other teams.
The document provides instructions for an oil and gas exploration simulation game. Players take on the role of an exploration team tasked with finding and developing oil and gas reserves. Key aspects of the simulation include acquiring seismic data, identifying potential reserves, drilling exploration wells, calculating costs and revenues, partnering with other teams, and applying for additional funds. The ultimate goal is to maximize the net value of discovered hydrocarbons while managing costs and credibility points.
The exploration team must find oil reserves and maximize return on investment. They will study surveys to identify sedimentary basins, then bid on licenses for promising blocks. The team must also partner with others to share risks and costs by farming out a portion of their license or farming into other licenses. Finally, the team will need to choose a drilling rig to explore their block and begin assessing whether it contains oil.
Offshore 3.4 presentation intro to explorationMeghan Clark
The document provides an introduction to an oil and gas exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil and gas fields. The challenges involve identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships by farming-in and farming-out license shares, drilling exploration wells using rigs and service providers, and calculating the value of any discovered resources. Players earn knowledge points based on their decisions that can be used to bid on future blocks and funding.
Offshore 3.4 presentation intro to explorationMeghan Clark
The document provides an introduction to an oil and gas exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil and gas fields. The challenges involve identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships by farming-in and farming-out license shares, drilling exploration wells using rigs and service providers, and calculating the value of any discovered resources. Players earn knowledge points based on their decisions that can be used to bid on future blocks and funding.
Offshore 3.4 presentation intro to explorationMeghan Clark
The document provides an introduction to an oil and gas exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil and gas fields. The challenges involve identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships by farming-in and farming-out license shares, drilling exploration wells using rigs and service providers, and calculating the value of any discovered resources. Players earn knowledge points based on their decisions that can be used to bid on future blocks and funding.
Offshore 3.4 presentation intro to explorationMeghan Clark
The team is tasked with exploring a new petroleum province with $200 million. They must locate sedimentary basins using magnetic and gravity surveys, identify promising blocks and bid on licenses. Partnerships can be formed through farm-ins and farm-outs to spread risk. Wells are drilled to find oil and gas, with tests conducted to prove reserves. Additional funds can be applied for, with the goal of maximizing net value through exploration and development.
Offshore 3.4 presentation intro to explorationMeghan Clark
The team is tasked with exploring a new petroleum province with $200 million. They must locate sedimentary basins using magnetic and gravity surveys, identify promising blocks and bid on licenses. Partnerships can be formed through farm-ins and farm-outs to spread risk. Wells are drilled using rented rigs to find oil and gas reserves. Additional funds can be applied for by answering knowledge questions. The overall goal is to maximize the net value of discovered hydrocarbons minus costs.
The document provides guidance for an exploration team tasked with maximizing return on investment from a new petroleum province. It outlines various challenges involved in the exploration and development process, including acquiring surveys, identifying sedimentary basins, bidding on licenses, partnering with other teams, drilling wells, and testing discoveries to prove reserves. The ultimate goal is to apply successful strategies to increase the net value of oil and gas fields discovered while minimizing costs.
The document provides an overview of a simulation for an oil and gas exploration team. The team's task is to maximize return on investment by exploring a new petroleum province. They start with $200 million and can apply for more funds. The simulation involves multiple phases: finding basins from surveys, bidding on licenses, drilling exploration wells, testing discoveries, and applying for additional funding if needed. The goal is to accumulate knowledge points through accurate decisions and have the highest return on investment to win the simulation.
Bite size guide for PetroChallenge Faroe Islands 2010simprentisfo
This document provides guidance on three challenges for an oil exploration simulation:
1) Initial screening - Submit coordinates for 3 basin centres for up to 100 credibility points.
2) Prospecting - Select 3 licensing blocks and well commitments based on environmental, geological, and seismic data for up to 300 credibility points.
3) Exploration - Partner by farming out licenses, drill exploration wells, appraise discoveries, and sell blocks to maximize value for up to 300 credibility points.
The document provides an overview of OilSim Greenland 2008, a simulation where participants take on the role of an exploration team for a new petroleum province. The objective is to maximize return on investment. Participants start with $200 million and can apply for more funds. Through various tasks and phases, participants work to discover oil fields by interpreting surveys, bidding on licenses, partnering with other teams, ordering rigs, drilling wells, and testing any discoveries. The best performing teams will receive bonuses based on their return on investment.
The document provides an overview of OilSim Greenland 2007, a simulation where participants take on the role of an oil exploration team. The objective is to maximize return on investment by discovering oil fields. The simulation involves multiple phases - finding oil basins, bidding on licenses, partnering with other teams, ordering rigs, drilling exploratory wells, and appraising any oil discoveries. Performance is measured based on earnings from oil fields minus costs, with the team achieving the highest return on investment declared the winner.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team tasked with maximizing return on investment by discovering oil fields. Key steps include identifying basins from surveys, bidding on exploration licenses, ordering drilling rigs, drilling wells to discover oil fields, and conducting production tests to determine proven reserves. The goal is to end with the highest return on investment compared to initial funds.
Presentation for PetroChallenge Faroe Islands 2010simprentisfo
This document outlines the objectives, scenario, and challenges for a simulation game about petroleum exploration. Players take on the role of an exploration team sent to an island to discover oil and gas. They are given $200 million to spend on surveys, licenses, drilling, and investing. The goal is to earn the most Credibility Points by meeting several challenges: 1) Locating 3 sedimentary basins, 2) Identifying the 3 most promising blocks of land, and 3) Finding and proving oil and gas reserves. Players must acquire seismic data, bid on land, sell portions of licenses, drill exploration/appraisal wells, and ultimately sell their license to determine if reserves are commercially viable. The team with the highest total points
This document discusses new techniques for reducing exploration risk in challenging subsurface environments like deep water and beneath salt or basalt. It describes how 3D seismic surveys have improved drilling success rates from 25% to 50% but success is still low in some areas like 10% in deep Gulf of Mexico wells. New methods of acquiring seismic data from multiple azimuths and with vertically aligned sources and receivers are providing higher quality images to further reduce risk by illuminating subsurface targets from more directions. Examples from various basins demonstrate how these improvements in seismic technology decrease the chance of drilling dry holes.
Driving Business Innovation: Latest Generative AI Advancements & Success StorySafe Software
Are you ready to revolutionize how you handle data? Join us for a webinar where we’ll bring you up to speed with the latest advancements in Generative AI technology and discover how leveraging FME with tools from giants like Google Gemini, Amazon, and Microsoft OpenAI can supercharge your workflow efficiency.
During the hour, we’ll take you through:
Guest Speaker Segment with Hannah Barrington: Dive into the world of dynamic real estate marketing with Hannah, the Marketing Manager at Workspace Group. Hear firsthand how their team generates engaging descriptions for thousands of office units by integrating diverse data sources—from PDF floorplans to web pages—using FME transformers, like OpenAIVisionConnector and AnthropicVisionConnector. This use case will show you how GenAI can streamline content creation for marketing across the board.
Ollama Use Case: Learn how Scenario Specialist Dmitri Bagh has utilized Ollama within FME to input data, create custom models, and enhance security protocols. This segment will include demos to illustrate the full capabilities of FME in AI-driven processes.
Custom AI Models: Discover how to leverage FME to build personalized AI models using your data. Whether it’s populating a model with local data for added security or integrating public AI tools, find out how FME facilitates a versatile and secure approach to AI.
We’ll wrap up with a live Q&A session where you can engage with our experts on your specific use cases, and learn more about optimizing your data workflows with AI.
This webinar is ideal for professionals seeking to harness the power of AI within their data management systems while ensuring high levels of customization and security. Whether you're a novice or an expert, gain actionable insights and strategies to elevate your data processes. Join us to see how FME and AI can revolutionize how you work with data!
Skybuffer SAM4U tool for SAP license adoptionTatiana Kojar
Manage and optimize your license adoption and consumption with SAM4U, an SAP free customer software asset management tool.
SAM4U, an SAP complimentary software asset management tool for customers, delivers a detailed and well-structured overview of license inventory and usage with a user-friendly interface. We offer a hosted, cost-effective, and performance-optimized SAM4U setup in the Skybuffer Cloud environment. You retain ownership of the system and data, while we manage the ABAP 7.58 infrastructure, ensuring fixed Total Cost of Ownership (TCO) and exceptional services through the SAP Fiori interface.
Ocean lotus Threat actors project by John Sitima 2024 (1).pptxSitimaJohn
Ocean Lotus cyber threat actors represent a sophisticated, persistent, and politically motivated group that poses a significant risk to organizations and individuals in the Southeast Asian region. Their continuous evolution and adaptability underscore the need for robust cybersecurity measures and international cooperation to identify and mitigate the threats posed by such advanced persistent threat groups.
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdfMalak Abu Hammad
Discover how MongoDB Atlas and vector search technology can revolutionize your application's search capabilities. This comprehensive presentation covers:
* What is Vector Search?
* Importance and benefits of vector search
* Practical use cases across various industries
* Step-by-step implementation guide
* Live demos with code snippets
* Enhancing LLM capabilities with vector search
* Best practices and optimization strategies
Perfect for developers, AI enthusiasts, and tech leaders. Learn how to leverage MongoDB Atlas to deliver highly relevant, context-aware search results, transforming your data retrieval process. Stay ahead in tech innovation and maximize the potential of your applications.
#MongoDB #VectorSearch #AI #SemanticSearch #TechInnovation #DataScience #LLM #MachineLearning #SearchTechnology
leewayhertz.com-AI in predictive maintenance Use cases technologies benefits ...alexjohnson7307
Predictive maintenance is a proactive approach that anticipates equipment failures before they happen. At the forefront of this innovative strategy is Artificial Intelligence (AI), which brings unprecedented precision and efficiency. AI in predictive maintenance is transforming industries by reducing downtime, minimizing costs, and enhancing productivity.
Building Production Ready Search Pipelines with Spark and MilvusZilliz
Spark is the widely used ETL tool for processing, indexing and ingesting data to serving stack for search. Milvus is the production-ready open-source vector database. In this talk we will show how to use Spark to process unstructured data to extract vector representations, and push the vectors to Milvus vector database for search serving.
Digital Marketing Trends in 2024 | Guide for Staying AheadWask
https://www.wask.co/ebooks/digital-marketing-trends-in-2024
Feeling lost in the digital marketing whirlwind of 2024? Technology is changing, consumer habits are evolving, and staying ahead of the curve feels like a never-ending pursuit. This e-book is your compass. Dive into actionable insights to handle the complexities of modern marketing. From hyper-personalization to the power of user-generated content, learn how to build long-term relationships with your audience and unlock the secrets to success in the ever-shifting digital landscape.
Dive into the realm of operating systems (OS) with Pravash Chandra Das, a seasoned Digital Forensic Analyst, as your guide. 🚀 This comprehensive presentation illuminates the core concepts, types, and evolution of OS, essential for understanding modern computing landscapes.
Beginning with the foundational definition, Das clarifies the pivotal role of OS as system software orchestrating hardware resources, software applications, and user interactions. Through succinct descriptions, he delineates the diverse types of OS, from single-user, single-task environments like early MS-DOS iterations, to multi-user, multi-tasking systems exemplified by modern Linux distributions.
Crucial components like the kernel and shell are dissected, highlighting their indispensable functions in resource management and user interface interaction. Das elucidates how the kernel acts as the central nervous system, orchestrating process scheduling, memory allocation, and device management. Meanwhile, the shell serves as the gateway for user commands, bridging the gap between human input and machine execution. 💻
The narrative then shifts to a captivating exploration of prominent desktop OSs, Windows, macOS, and Linux. Windows, with its globally ubiquitous presence and user-friendly interface, emerges as a cornerstone in personal computing history. macOS, lauded for its sleek design and seamless integration with Apple's ecosystem, stands as a beacon of stability and creativity. Linux, an open-source marvel, offers unparalleled flexibility and security, revolutionizing the computing landscape. 🖥️
Moving to the realm of mobile devices, Das unravels the dominance of Android and iOS. Android's open-source ethos fosters a vibrant ecosystem of customization and innovation, while iOS boasts a seamless user experience and robust security infrastructure. Meanwhile, discontinued platforms like Symbian and Palm OS evoke nostalgia for their pioneering roles in the smartphone revolution.
The journey concludes with a reflection on the ever-evolving landscape of OS, underscored by the emergence of real-time operating systems (RTOS) and the persistent quest for innovation and efficiency. As technology continues to shape our world, understanding the foundations and evolution of operating systems remains paramount. Join Pravash Chandra Das on this illuminating journey through the heart of computing. 🌟
Fueling AI with Great Data with Airbyte WebinarZilliz
This talk will focus on how to collect data from a variety of sources, leveraging this data for RAG and other GenAI use cases, and finally charting your course to productionalization.
Monitoring and Managing Anomaly Detection on OpenShift.pdfTosin Akinosho
Monitoring and Managing Anomaly Detection on OpenShift
Overview
Dive into the world of anomaly detection on edge devices with our comprehensive hands-on tutorial. This SlideShare presentation will guide you through the entire process, from data collection and model training to edge deployment and real-time monitoring. Perfect for those looking to implement robust anomaly detection systems on resource-constrained IoT/edge devices.
Key Topics Covered
1. Introduction to Anomaly Detection
- Understand the fundamentals of anomaly detection and its importance in identifying unusual behavior or failures in systems.
2. Understanding Edge (IoT)
- Learn about edge computing and IoT, and how they enable real-time data processing and decision-making at the source.
3. What is ArgoCD?
- Discover ArgoCD, a declarative, GitOps continuous delivery tool for Kubernetes, and its role in deploying applications on edge devices.
4. Deployment Using ArgoCD for Edge Devices
- Step-by-step guide on deploying anomaly detection models on edge devices using ArgoCD.
5. Introduction to Apache Kafka and S3
- Explore Apache Kafka for real-time data streaming and Amazon S3 for scalable storage solutions.
6. Viewing Kafka Messages in the Data Lake
- Learn how to view and analyze Kafka messages stored in a data lake for better insights.
7. What is Prometheus?
- Get to know Prometheus, an open-source monitoring and alerting toolkit, and its application in monitoring edge devices.
8. Monitoring Application Metrics with Prometheus
- Detailed instructions on setting up Prometheus to monitor the performance and health of your anomaly detection system.
9. What is Camel K?
- Introduction to Camel K, a lightweight integration framework built on Apache Camel, designed for Kubernetes.
10. Configuring Camel K Integrations for Data Pipelines
- Learn how to configure Camel K for seamless data pipeline integrations in your anomaly detection workflow.
11. What is a Jupyter Notebook?
- Overview of Jupyter Notebooks, an open-source web application for creating and sharing documents with live code, equations, visualizations, and narrative text.
12. Jupyter Notebooks with Code Examples
- Hands-on examples and code snippets in Jupyter Notebooks to help you implement and test anomaly detection models.
Have you ever been confused by the myriad of choices offered by AWS for hosting a website or an API?
Lambda, Elastic Beanstalk, Lightsail, Amplify, S3 (and more!) can each host websites + APIs. But which one should we choose?
Which one is cheapest? Which one is fastest? Which one will scale to meet our needs?
Join me in this session as we dive into each AWS hosting service to determine which one is best for your scenario and explain why!
This presentation provides valuable insights into effective cost-saving techniques on AWS. Learn how to optimize your AWS resources by rightsizing, increasing elasticity, picking the right storage class, and choosing the best pricing model. Additionally, discover essential governance mechanisms to ensure continuous cost efficiency. Whether you are new to AWS or an experienced user, this presentation provides clear and practical tips to help you reduce your cloud costs and get the most out of your budget.
2. Environmental issues
Team work and negotiation
Critical decision making, analytical skills,
multi-tasking
Learn through experience
Economically viable volumes- reducing
uncertainty
Return on Investment
Function appreciation
3. You start with $200 million
You can apply for more money later.
Create value
Measured by the net value of the oil and
gas fields discovered MINUS all costs
involved.
Correct answers and sensible decisions
are awarded with CPs
6. Columns e.g C1 and C54
Blocks are divided into
smaller cells
e g. R1C1
Rows e.g R15 and R97
7. Challenge: Find three sedimentary basins
in the area. Basins are sedimentary rocks
in the deep subsurface where oil and gas
has been generated.
Procedure: Buy and study magnetic and
gravimetric surveys; and to submit the
coordinates, column and row number for
each basin centre.
8. Gravimetric surveys show
the gravity in the sub-
surface. Measured by
airborne sensors.
Sedimentary rocks have
lower densities than the
surrounding crystalline
rocks. Low gravitational pull
means high probability of a
basin below.
9. Magnetic surveys show
similar information as
gravimetric surveys. The
sedimentary rocks in the
basins have a lower
concentration of magnetic
materials than the
surrounding crystalline rocks.
Sedimentary basins are the
areas with the lowest
magnetic field.
10.
11. C50
Example:
Top basin on both
R100
maps
Calculate the
midpoint
between the
C60
gravimetric and
magnetic
R110
centres found
= C55 and R105
12. 3 centres – one Centre
midpoint for each basin
Example: C55, R105
Solve before deadline. All
submissions are evaluated
after the deadline (and not
before).
You may get 0-100 CPs. All
three centres must be
located to get full CPs.
13. All teams have submitted their answers.
Basin centres are located.
Message in Inbox. All teams have
answers and CPs awarded.
14. Sedimentary basins may contain oil
and gas
The government has decided to put
the blocks around one of the basins
on offer
Challenge: Identify the 3 most
promising blocks and submit a bid to
the Government for these licences
15. 2. MIGRATION ROCK
where hydrocarbons
are driven through
1. SOURCE ROCK 3. CAP ROCK
where organic Impermeable rock
material is put under that stops
sufficient pressure migration of
hydrocarbons 4. PROSPECT
16. Geological “pockets”, that might contain hydrocarbons
Anticline trap Salt dome OLF
(c)
Stratigraphic trap
trap
Fault trap
17. Environmentally Sensitive areas
Red areas
You will not be awarded
blocks that contain any
red spots
Blue areas
Blocks in area may be
awarded
18. CRS. Common Risk Segment
surveys tell you about the
Surface
probability of a structure in
the block/cell containing oil
or gas
Layer 3 Eocene
1500m below the seabed
Layer 2 Paleocene
2500m below the seabed
Layer 1 Cretaceous
3500m below the seabed
19. Traps can be found with
seismic surveys
2D seismic survey is a cross
section of the geological
layers along either a column
or a row
2D seismic surveys are used
for locating prospects
20. Unprocessed Processed
Interpreted Red is top of the
sealing rock
Green is top of
the reservoir rock
22. What type of data
do you want?
Columns or
Rows
Unprocessed
or processed
data
Interpreted or
not
The yellow hatched area on
Only buy maximum of 4
map can be clicked on and
blocks of data at a time to
dragged to blocks of interest
speed up processing
23. Red circles – navigate
through the 2D
seismic
Yellow square – Row 1
from Column 1-56
Click on seismic to see
close up view
25. 25
• Chose which blocks you
want to bid for
• For each block, say how
many exploration wells you
are willing to drill
• Do NOT promise to drill
more wells than there are
prospects
• An estimated cost is shown
• You will initially only be
awarded one block
26. Activities that oil and gas companies do to serve the
communities they operate in
CSR projects usually to develop the local communities in
education, social welfare, and business
In OilSim teams are rewarded with CPs when choosing
their CSR projects
CPs a company has is considered by the Government
when deciding upon licence awards
26
28. Some are greyed out, because the team does
not have enough CP, enough CSR budget, or
enough cash to do them
Each has a cost, and a number of possible
outcomes
Each outcome has a probability and either
negative or positive CP
In the CSR tab you can see the minimum and
maximum CP you can get, as well as the
probability for getting the maximum CP
28
29. This project costs $8M
If it goes well, the team gets 40 CP
The likelihood of this is 60%
If it goes badly, the team gets zero CP
Minimum required CP is zero
29
31. Lots of different types of Projects to choose from
You only have $30M budget for CSR in each licensing
round
CSR funds that you don’t spend in one round are
transferred to the next
You cannot initiate a project if it has the potential to
make your CP’s go into negative
You cannot initiate a project if you don’t have the cash
for it
Each project can only be run once per team
31
32. CSR is about caring for the local society –
and making a difference for the people
living where you operate
Not all projects are sound
Bribery does not pay
Some projects cost a lot, but do not give
so much return
Some projects are riskier than others
32
34. Environmental Sensitive Areas map to see
which blocks to avoid
Common Risk Segment surveys to see
which blocks to examine closer
2D surveys seismic to identify which ones
have the most (big) structures
Check water depth, and go for shallow
water blocks if possible
Remember to submit 3 bids
Choose CSR projects to increase CPs
34
35. Message sent to all
teams with the results
Credibility Points are
given for prosperity of
the blocks you bid for
Every team has got
one exploration
license
36. HQ is happy with the license awarded.
Challenge: Farm-out minimum 20% from your
license – and farm-in as much as you can in
other good licenses.
Acquire 3D Seismic interpretations for the block
you operate, and study the results from the
licensing round
Get others to invest 20% or more in your license
– you can show/send 3D seismic
39. Spread the risk: e.g Investing in other
blocks divides the risks amongst all
partners, much more preferable than
keeping 100% of one field and all the risk.
Increase probability of profit: investment
in only 1 field which could be a dry
prospect is possible, whereas the
likelihood of investing in 5 fields which are
all dry is unlikely.
40.
41. Enter the
percentage and
total amount for
have agreed to
offer
Minimum
$100,000 per %
Add a message
to the seller
Press “Send
offer”
42. When a team receives a Farm-In offer to appears under
Financing. This is where a team can receive finance or
money for a % of their own blocks
43. license OWNER
decides whether to
ACCEPT or REJECT
the offer
Partnerships
established every time a
license owner accepts
an offer.
Overview: On the main
page, you can see all
licenses. 1) licenses you
operate, 2) licenses you
have invested in, and
other licenses.
44. All your farm-in offers to other teams are shown under
“Investing” on the right-hand side of the homepage .
This is where a team offers investments to other teams for a
% of their blocks
45. Partners pay a proportional share of all
future costs
Partners receive a proportional share of the
net proceeds from oil and gas
The operator team makes all decisions
regarding drilling
Teams can farm-out up to 70% of licence
Operators must keep 30% of licence
46. •Before choosing a
rig, you need to
check your water
depth
Find this at the
bottom of the
BLOCK page
47. 47
Commence Drilling
• When you have sold at
least 20% of the license
you can start drilling
exploration wells to
determine the value of
the block
• Click on Drill
48. Choose the right rigs for your water
depths
Jack-up rigs for shallow waters
Semi-submersible rigs for middle waters
Drillships for the deepest waters
Rig cost = drilling days * day rate
49. Choose drilling rig
Scroll down the page
to see the Drillships,
Semi-subs and Jack-
ups
50. Upto 9 Star quality-
Good: normally costs
more
Bad: cheaper,
but reliability is low,
so you risk extra
drilling time and
extra costs
51. EIA survey: more knowledge about the
area.
Less probability for drilling problems.
Less severe consequences if you run into
problems.
= Which drilling locations to avoid.
52. Drill Position
EIA:
enviromental
impact analysis
shows where it
will cost you
more to drill.
Place your
mouse where to
drill
63. Exploration well:
0 to 1572 MBOE (after drilling)
11 to 1266 MBOE (after testing)
First appraisal well:
25 to 1033 MBOE (after drilling)
34 to 910 MBOE (after testing)
Second appraisal well:
65 to 850 MBOE (after drilling)
101 to 752 MBOE (after testing)
Only proven MBOE counts
64. Effect on calculation of licence
Now total
expenses are lower
than the sales
value and so we
have a positive
licence value
Expected cost if you developed the field
(CAPEX) and produced the oil (OPEX)
65. After your first drill in each well, reprocess seismic
Decide which discoveries to drill how many appraisal
wells into
Ultimately, you should either:
Continue appraisal drilling to achieve positive net
present value and an ROI
Conclude that additional appraisal wells will not result
in a net present value and think about selling your
Licence to Big Oil
Decide that your value will not increase sufficiently and
decide to sell to Big Oil
66. Click on Apply for More Funds Tab.
1 CP for each $100,000 applied for.
Answer the questions: All correct gives cash
and you can keep CPs. One wrong gives cash
and you keep ½ of your CPs. Two wrong gives
½ cash and you lose all CPs. All wrong, you get
no cash and lose all CPs.
Expensive money if less than 10 Credit points:
Apply for cash and be fined $5million for each
$20million requested.