Applied Field Development Planning (PBM35)
11-15 November 2024 5 days Vienna, AustriaCourse Fee: 3550 EUR + VAT
Computer Fee: 250 EUR + VAT
Description
This course considers the technical and commercial influences on Field Development Planning within the global oil and gas industry. It takes into account the need for understanding field development choice, resource size, facility choice and cost. The course is orientated to developing the multi-discipline skills required for Field Development Planning.
COMPUTER REQUIREMENTS: MS Office, Excel
Participants are welcome to bring their own laptops to class.
Course Level: Skill
Instructor: Pete Smith
COMPUTER REQUIREMENTS: MS Office, Excel
Participants are welcome to bring their own laptops to class.
Course Level: Skill
Instructor: Pete Smith
Designed for you, if you are...
- A reservoir / petroleum / production / facility / drilling engineer
- A geoscientist
How we build your confidence
This is a five-day classroom-based course with lectures supported and illustrated by worked examples, case studies and follow-up exercises, group exercises and quizzes to give assurance that key learnings are accomplished.Since participants may have different levels of background in petroleum economics and statistics there are additional pre-reading modules to ensure that the fundamental understanding of these topics has been established prior to the course.
The benefits from attending
By the end of the course you will feel confident in:- Understanding the purpose of Field Development Planning
- Critically analysing the principal technical and commercial features of oil and gas properties
- Having a deeper understanding of the role of risk and uncertainty when making field development planning decisions
- Understanding all aspects that appertain to Field Development Planning, including resource size, resource location and reservoir production support mechanism
- Assessing the impact of field development choices on facility selection, sizing and costing
- Resolving the technical aspects into holistic understanding of the commercial worth of assets
- Developing a comprehensive understanding of how a field development project is managed the through key stage gates.
- Managing the risk of the Field Development cost, schedule and operability through-out field life
Topics
Estimating Resources- The concept of value
- Geological issues - defining the static reservoir model
- Hydrocarbon issues - 'the fluids'
- Petrophysical properties
- Reservoir mechanisms
- Reservoir dynamic modelling
- Resource uncertainty
Estimating Costs
- Field development definition
- Well productivity
- Oil/gas/water profiles
- Secondary recovery
- Well test analysis
- Developing a drilling schedule
- Facility costs
Estimating Value
- Transportation costs
- Gas and gas condensate fields
- Commercial evaluation/fiscal regulations
- Onshore oil field development example
- Offshore and deepwater oil field development examples
- Gas value chain
Making Decisions
- Risk, uncertainty and making decisions
- Bayesian revision - value of additional data
- Probability estimation
- Correlations and dependent variables
- The value of information
- The value of intervention
- Production forecasting and surveillance
Project and Risk Planning
- Field development project planning
- Carbon capture and storage
- Well, reservoir and field management
- Roles & responsibilities
- Field development risk planning
Customer Feedback
"Very knowledgable instructor." - Senior Petroleum Engineer at QatarEnergy"The course is comprehensive and we discussed everything about field development." - Facilities Engineer at Frontier Oil
"Course content was interesting and relevant to my job. Instructor is knowledgable and easy to interact with." - Reservoir Development Team Lead at NCOC
"I liked the clarity of the slides and the relevance of the materials." - Reservoir Engineer at Frontier Oil
"The structure was good with quizzes in the morning and go through exercise and then the lecture. The instructor was very knowledgeable and added interesting cases along the way to support the material." - Petroleum Engineer at Danish North Sea Fund
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