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 Duration: 3 days 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
Risk and uncertainty - biases & heuristics
Volume estimation & benchmarking
Prospect geological risk analysis
ALPHA FIELD EXAMPLE - geological risk
ALPHA FIELD EXAMPLE - volumetric calculation
Project economic & portfolio analysis
Commercial evaluation and fiscal regulations
ALPHA FIELD EXAMPLE - project opportunity & value summary