Date:  2024-07-16

Time:  12 p.m. AWST | 12 a.m. EDT

This webinar will explore the application of @RISK software in the oil and gas industry, specifically focusing on modeling and forecasting crude oil prices for Exploration & Production (E&P) project valuation.

Key Topics:

• Applications of @RISK in the Energy Industry: We'll delve into how @RISK can be used to manage the uncertainties associated with oil and gas projects.
• Distribution Fitting: Accurately representing historical oil price data is crucial for effective forecasting. We'll discuss how to use the distribution fitting functionality to model oil prices.
• Time Series Fitting: We'll explore techniques for building time series models that capture the temporal dynamics of oil prices.
• Models to Forecast Oil Price: We'll discuss various approaches to forecast oil prices.

Additional Considerations:

• The webinar will likely address the limitations of these models, highlighting the inherent uncertainties in forecasting commodity prices.
• Attendees may gain insights on best practices for integrating these forecasts into decision-making processes for E&P projects.

By attending this webinar, you'll gain valuable knowledge on how to leverage @RISK to manage the risks associated with oil price fluctuations and make informed decisions in oil and gas exploration activities.

About the Presenter

Jose Orellana, Solutions Consultant, Lumivero