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Oil & Gas Field Life Cycle, Field Development and Planning (PBM26)

  • 22-26 April 20185 daysDubai, UAECourse Fee: 4250 USD

Description

The course elucidates the various decision gates used throughout the field life cycle from gaining access to opportunity through exploration, appraisal, development, early and late production to decommissioning. It examines the technical, fiscal and commercial elements which need to be considered and integrated at the various project stages of an oil or gas field. The opportunities and pitfalls of Field Development Planning related activities and the sometimes conflicting priorities are explained.
Lastly, the course will look at the potential impact of the recent low oil price on current and future production levels worldwide.

Course Level: Foundation / Skill
Instructor: Frank Jahn

Designed for you, if you are...

  • A subsurface, surface or commercial professional involved in planning or executing upstream projects
  • Interested to get a better understanding how decisions are being made and how conflicting priorities need to be balanced

How we build your confidence

The course is based on presentations, discussions and supported by animations and video clips. Short group projects are added if appropriate.
Participants will be able to monitor their learning from this course by conducting a questionnaire at the beginning and the end of the course (‘Alpha and Omega test’).

The benefits from attending

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

  • Stages of the field life cycle: value creation and value realisation
  • Technology, concepts, methods and terminology used in planning and execution of upstream projects
  • The field development planning process
  • The role and elements of risk and uncertainty
  • Decision making processes and main decision gates
  • Why projects fail

Topics

  • The field life cycle
  • Opportunity screening and access
  • Fiscal systems
  • Exploration
  • Appraisal
  • Volumetric estimations
  • Field development planning
  • Risks and uncertainty
  • HSE considerations
  • Petroleum economics
  • Managing the producing field
  • Managing decline
  • Decommissioning
  • Current industry challenges


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