Business Fundamentals for Petroleum Geophysics

Instructor: William Abriel
Date: November 05 - 06, 2018
Duration: 2 days
Members (early bird/price): CAD$ 800/1000 (plus GST)
Non-members (early bird/price): CAD$ 900/1100 (plus GST)
Location: TBA
Time: TBA

Course Description

Many geoscientists do not have training or experience in using the business tools of the industry that connect scientific results to business decisions. It generally takes from 5 to 10 years of industry experience to be exposed to all of the complexity and breadth of their application. Also, decision makers are generally not sufficiently familiar enough with the value of geophysical information to be comfortable in assessing its risks and limitations. This course is designed to fill the gap for both groups so that better decisions are made using geophysical technology.

This course will comprise concepts and examples of the use of geophysics in subsurface petroleum management with a focus on the risk and monetary decisions needed to optimize business results. The learning will be transferred through lecture, examples, and student problems covering the total value chain of petroleum subsurface management. The outline here illustrates the highlights of the syllabus:

  • Exploration – evaluating prospect risk and value of information
  • Delineation – geophysical attributes and reserves estimation
  • Development – advanced geophysics, reservoir models and working with partners
  • Production – reservoir monitoring
  • Unconventionals – value of geophysical techniques


William L. (Bill) Abriel is the past president of the Society of Exploration Geophysicists (SEG). Bill worked for 38 years at Chevron in the international application of new technology to active projects. Examples are the industry’s first deployment of an integrated team of geology, geophysics and engineering for production management, and Chevron’s commercial development and deployment of subsalt seismic processing and interpretation in the Gulf Mexico. Bill has been the principle geophysicist for Chevron in many geological areas with the responsibility to advance technology, integrate business results and negotiate with partners and governments. His experience extends to managing projects in the Gulf of Mexico, US Appalachians, US rift basins, West Texas, California offshore, Venezuela, Brazil, North Sea, Black Sea, Russia, Kazakhstan, Turkey, China, Offshore Siberia and Australia. During this time Bill, authored many articles and chapters in SEG and AAPG publications, organized technical conferences and spoke in many venues about the integrated business use of applied geophysics.

 As a strong advocate of professional societies, Abriel has participated in a variety of SEG activities since helping found the Penn State SEG chapter at university in 1977 where he graduated in 1978 with a BS in geosciences and an MS in geophysics. During his time with SEG, he has been an assistant editor for GEOPHYSICS, TLE and INTERPRETATION, served on numerous SEG committees, including Development, Membership, Research, Global Affairs, and Distinguished Lecturer, was the SEG Spring Distinguished Lecturer in 2004, and the SEG/EAGE Distinguished Instructor in 2008. Abriel is a founder and twice board chair of a non-profit research company, the SEG Advanced Modeling Corporation (SEAM). He was awarded SEG life membership in 2007, and served as president in 2016-2017.