myhoteng Login
Subscribe to Newsletter
« Back to course list

Hydrocarbon Exploration and Production: Business, Technologies, Methods (PBM26)

    In-House Request or Enquiry

    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 hand on case study provides participants with practical exposure to the issues discussed, the integration of reservoir, wells and engineering plus the economic evaluations of upstream projects.

    Course Level: Foundation / Skill
    Duration: 5 days
    Instructor: Frank Jahn

    Designed for you, if you are...

    • A subsurface, or surface professional involved in planning or executing upstream projects.
    • A professional involved in project finance or economic screening of oil and gas projects.
    • A government regulator approving or monitoring upstream activities.
    • 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 reflects the working environment of an oil and gas related entity in upstream projects.
    Participants are grouped into teams of mixed discipline backgrounds and tasked with the evaluation of technical and commercial projects related to a field development / production management case study. The objective is to foster discussion and cross discipline understanding of issues and decision making considerations.

    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
    • Economic screening and ranking of opportunities
    • 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 – Value of Information (VOI)
    • 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

    Related Courses

    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

      Enquiry

      Name:
      E-Mail:
      Company:
      Message:
      Newsletter:

      © All rights reserved
      HOT Engineering GmbH   Tel: +43 3842 43 0 53-0   Fax +43 3842 43 0 53-1   hot@hoteng.com