Field Development Planning (PBM26)
Description
This course examines the technical, fiscal and commercial elements which need to be considered and integrated at the various project development stages of an oil or gas field. The opportunities and pitfalls of Field Development Planning, the related activities and the sometimes conflicting priorities are explained. Against this background, the various decision gates throughout the field life cycle, from gaining access to opportunity through exploration, appraisal, development, early and late production to decommissioning are highlighted. A comprehensive hands on case study provides participants with practical exposure to the issues discussed, in particular the integration of reservoir, wells and engineering.
Course Level: Foundation / Skill
Duration: 5 days
Instructor: Frank Jahn
Course Level: Foundation / Skill
Duration: 5 days
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, how conflicting priorities need to be balanced and how different types of uncertainties need to be incorporated into forward planning
How we build your confidence
The course is based on presentations, discussions and selected short video clips. Comprehensive hands-on case study work provides practical exposure and a deeper understanding of the FDP process.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 and techniques
- 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 and PRMS overview
- Field development planning
- Risks and uncertainty
- HSE considerations
- Petroleum economics
- Managing the producing field
- Managing decline
- Decommissioning
- Current industry challenges
Customer Feedback
"The instructor was amazing with excellent information." - Snr. Petroleum Engineer at KOC"Very good experience. The course is designed for various disciplines associated with the oil industry for achieving a common goal." - Chief Geologist at Oil India
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