Vladimir Druskin and Mikhail Zaslavsky Title: Model reduction approaches for geophysical oil exploration Topics to be discussed: 1) Classical model reduction for forward and inverse problems of geophysical electromagnetic exploration. This topic includes optimal choice of interpolation frequencies and multi-parametric model reduction 2) Finite-difference Gaussian quadrature rules (a.k.a. spectrally matched or optimal grids), that is a new model reduction approach for PDE discretization.