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ONLINE: Evaluating Opportunities for Resource Progression (PBM939)

  • 29-31 March 20213 daysVirtual instructor-led course, OnlineCourse Fee: 1200 EUR + VAT

Description

This course outlines a workflow to create value in oil and gas fields; it is based upon the comparison of cost and benefit of (a) the exploration for new reservoirs and (b) the potential of opportunities of existing fields.
By bringing these two activities together in a common process we can consider the real potential for asset value growth, particularly when investment resources are restricted.
The workflows described in this course lead to a deep insight on what recovery levers could be targeted and what will be required to achieve optimum economic benefit.

Course Structure: 3 modules of 3 hours each, delivered over 3 days
Each day will consist of 1 module which will be no more than 3 hours in length with multiple breaks.

Course Level: Skill / Advanced
Instructor: Pete Smith

Designed for you, if you are...

  • A petroleum / reservoir /drilling engineer or geoscientist working in a multidiscipline team

How we build your confidence

This is a three-session online 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.

The benefits from attending

By the end of the course you will feel confident in:

  • Evaluating key elements of resource progression
  • Understanding the technology, cost and organisational requirements for resource progression
  • Establishing how to select the key efficiency factors that constitute the overall recovery factor
  • Appraising the potential for EOR activities and understand the cost and technology requirements
  • Developing principles for petroleum economic analysis
  • Building a coherent company strategy that is technically feasible and enhances asset value

Topics

Session 1
  • Introduction
  • Risk and uncertainty - biases & heuristics
  • Volume estimation & benchmarking
  • Prospect geological risk analysis
  • ALPHA FIELD EXAMPLE - geological risk

Session 2
  • Reservoir mechanisms
  • Estimation tools
  • Resource progression
  • ALPHA FIELD EXAMPLE - volumetric calculation

Session 3
  • Project economic & portfolio analysis
  • Commercial evaluation and fiscal regulations
  • ALPHA FIELD EXAMPLE - project opportunity & value summary


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