Oil and Gas Exploration and Production Fundamental
WhenMar 12, 2014 09:00 AM to
Mar 13, 2014 05:00 PM
Build your confidence & understanding of the petroleum business lifecycle & its technical jargon by examining the geological, physical, engineering & commercial components of exploration, drilling, production & facilities management.
Key Learning Outcomes Review the global make-up of the oil and gas industry, its jargon and its challenges Gain awareness of basic petroleum geoscience, petrophysics and field appraisal Discover petroleum exploration, drilling and evaluation/testing techniques and methods Appreciate reservoir engineering and the uncertainty surrounding resource/reserve estimation Understand field development planning techniques, economic assessments and reservoir management Determine the basic components of production engineering, managing field decline, processing and refining Appreciate the balance between commercial and technical risk, uncertainty and opportunity in a project lifecycle Review the design, construction, commissioning and decommissioning of facilities
This intensive 2-day course will provide participants with a solid all round grounding in the technologies, concepts, methods and language used in upstream oil and gas projects.The technical and commercial building blocks of oil and gas projects will be examined, and how a venture progresses; from the point of acquiring a license, through exploration, appraisal, concept selection and the development phase, into production, late field life and finally decommissioning. The link to downstream is bridged with a discussion on refining and the LNG business.
Participants will learn to appreciate the impact of geological and reservoir uncertainty on concept selection and production management, and how the right combination of technology, business processes and decision making can improve project value.Towards the end of the program, the critical roles of the many different disciplines and stakeholders involved in upstream projects will be discussed.