The students gain hands-on experience of the complete evaluation of an actual field offshore Australia. This course covers (a) Field Geology-an analysis of the geological characteristics of the field itself, (b) Log and Formation Test Evaluation-analyses of the properties of the reservoir(s) to enable a later analysis of the reserves an d production performance and finally (c) an estimate of the hydrocarbons in place-involving mapping the reservoir and incorporating reservoir uncertainties. (d) the construction of a computerised economic model incorporating the fiscal terms for oil and gas developments offshore Australia, (e) reservoir engineering, well test analysis and simulation of reservoir(s) to predict reserves, production performance and field development options (this also involves assessing the economics of the field development options) and (f) valuing the field and formulating a bid to acquire a participating interest in the property.