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(5 days)
For: Engineers, planners, managers or technicians
responsible for interpreting data for economic results
How
many times have you seen decisions made on one data point? That's
bad, but how many is enough? When can a data suite be trusted? How
much confidence can we place in a specific answer? These and many
other mysteries become very clear after this practical course based
on real world examples. Learn how to pick up a favorable drilling
situation, an apparently risky workover and how much to ask for some
questionable reserves. Discover how the expert makes a wise decision
in the face of multiple unknowns! You walk away using probability,
Monte Carlo, decision trees, variance and regression with complete
confidence!
Major Topics Covered:
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