Global LNG Projects: A Full Cycle Holistic Approach (PBM51)
Description
Nowadays, Liquefied Natural Gas (LNG) is considered an attractive and immediate energy transformation bridge. This course provides a global perspective and a holistic approach to LNG project cycles from subsurface to end-users via surface facility and transportation.
It envisages the international LNG trade, pricing, and contract types. It covers basic subsurface notions for field reserves calculation, project economics, risk and uncertainty for informed decision-making, and the value assurance process. And it emphasises sour gas processing and utilisation (e.g. CCS, EOR), type of gas transportation and global LNG projects.
Understanding the role of different disciplines involved in LNG projects improves efficiency and boosts project success.
Essential definitions and actual case histories enrich the course, such as the CO2 and N2 EOR giant Lula field (Brazil) and supergiant Cantarell field (GOM) respectively. Examples of complex mega sour gas projects such as Shah field (UAE), Ghasha concession (UAE), and North Field East (Qatar) are also presented.
Course Level: Foundation
Duration: 5 days
It envisages the international LNG trade, pricing, and contract types. It covers basic subsurface notions for field reserves calculation, project economics, risk and uncertainty for informed decision-making, and the value assurance process. And it emphasises sour gas processing and utilisation (e.g. CCS, EOR), type of gas transportation and global LNG projects.
Understanding the role of different disciplines involved in LNG projects improves efficiency and boosts project success.
Essential definitions and actual case histories enrich the course, such as the CO2 and N2 EOR giant Lula field (Brazil) and supergiant Cantarell field (GOM) respectively. Examples of complex mega sour gas projects such as Shah field (UAE), Ghasha concession (UAE), and North Field East (Qatar) are also presented.
Course Level: Foundation
Duration: 5 days
Designed for you, if you are...
- A geoscientist, petrophysicist, development engineer, surface facility engineer, or reservoir engineer
- An analyst, commercial, strategic development, or project manager
How we build your confidence
- Instructor-led delivery of theoretical content with a blend of PowerPoint overview and whiteboard explanations of details
- Case histories
- Exercises
The benefits from attending
By the end of the course you will feel confident in your understanding of:- The full oil & gas multidisciplinary project cycle, time planning and how to maximise existing assets by coupling subsurface and surface domains
- Different options for gas transmission and which is adequate
- Sour gas processing and its multi-usage role in EOR and CCS
- How LNG price is linked to oil price, LNG price volatility and type of LNG contract
- Global LNG geostrategy deployment
Topics
- Petroleum Geoscience in a Nutshell
- HC generation
- Origin of sour gas
- Reservoir fluid type (PVT) and field’s volumetrics
- Giant field - Gas & Oil Fields’ Life Cycle
- From exploration to full field development
- Value of discovery appraisal
- Field volumetrics & subsurface uncertainty - Project Economics
- Definitions (probability, possibility, reserves, commerciality)
- WACC, Hurdle Rate NPV, IRR & payback
- Uncertainty & risk; uncertainty & sensitivity analysis
- Scenario analysis
- Knowns & unknowns matrix - Decision Analysis
- Decision tree & VOI (Value of Information) - real case - Project Value Assurance (VAP)
- What is VAP & Why?
- Value assurance features
- FEED
- VAP project stages and gates in oil business - LNG from Reservoir to End User - Value Chain
- E&P
- Liquefaction
- Shipping
- Regasification
- Distribution - Sour LNG Processing Principles
- Sour gas & acid gas
- LNG processing scope and phases
- Gas Processing Plan (GPP), difference between lean & rich gas layout - Sour Gas Processing Products and EOR
- Sour gas processing final products and utilisation
- The close-loop sour gas processing & EOR (synergy)
- CO2 & N2 EOR, global giant field case histories - LNG Global Pricing
- Link to oil price
- Price volatility
- Contract types - Global LNG Trade
- LNG contracts, price vs. market
- Exporting & importing global ranking and the rapid annual mutation - LNG Ongoing Mega Projects
- Sour gas development challenges - giant field case history
- Recent global ongoing LNG projects - Energy Transition vs. Energy Metamorphism
- Why the global narrative of energy transition is insufficient
- Energy metamorphism, a structural transformation - Decommissioning and Restoration
- Which activities are included, from well abandonment to offshore platform decommission
- The industrial economic weight of decommissioning - Main group exercise:
- Green gas field evaluation and development
- A complex subsurface/surface assets value improvement with respect to the climate – maximise the gas concession value with the existing surface facility and industry
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HOT Engineering GmbH Tel: +43 3842 43 0 53-0 Fax +43 3842 43 0 53-1 hot@hoteng.com
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