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ONLINE: Applied Field Development Planning (PBM935)

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    Description

    This course considers the technical and commercial influences on field development planning within the global oil and gas industry. It considers the need to understand field development choice, resource size, facility appropriateness and cost. Additionally, the course focuses on what is needed to steer a project through the final investment decision, including financial value, accounting for risks and uncertainty, along with, energy transition and the potential for carbon sequestration. The course is orientated to developing the multi-discipline skills required for field development planning.

    Course Structure: 5 modules of 3 hours each, delivered over 5 days
    Each day will consist of 1 module which will be no more than 3 hours in length with multiple breaks.

    Course Level: Skill
    Duration: 5 days
    Instructor: Pete Smith

    Designed for you, if you are...

    • A reservoir / petroleum / production / facility / drilling engineer
    • A geoscientist

    How we build your confidence

    This is a five-session online course with lectures supported and illustrated by worked examples, case studies and follow-up exercises, group exercises and quizzes to give assurance that key learnings are accomplished.

    The benefits from attending

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

    • Understanding the purpose of field development planning
    • Critically analysing the principal technical and commercial features of oil and gas properties
    • Having a deeper understanding of the role of risk and uncertainty when making field development planning decisions
    • Understanding all aspects that appertain to field development planning, including resource size, resource location and reservoir production support mechanism.
    • Assessing the impact of field development choices on facility selection, sizing and costing
    • Resolving the technical aspects into holistic understanding of the commercial worth of assets
    • Developing a comprehensive understanding of how a field development project is managed the through key stage gates.
    • Managing the risk of the field development cost, schedule and operability through-out field life
    • Discussion of the impact of energy transition on field development planning and understanding the technical criteria for carbon sequestration.

    Topics

    Estimating Resources
    • The concept of value
    • Geological issues - defining the static reservoir model
    • Hydrocarbon issues - 'the fluids'
    • Petrophysical properties
    • Reservoir mechanisms
    • Reservoir dynamic modelling
    • Resource uncertainty

    Estimating Costs
    • Field development definition
    • Well productivity
    • Oil/gas/water profiles
    • Secondary recovery
    • Well test analysis
    • Developing a drilling schedule
    • Facility costs

    Estimating Value
    • Transportation costs
    • Gas and gas condensate fields
    • Commercial evaluation/fiscal regulations
    • Onshore oil field development example
    • Offshore and deepwater oil field development examples
    • Gas value chain

    Making Decisions
    • Risk, uncertainty and making decisions
    • Bayesian revision - value of additional data
    • Probability estimation
    • Correlations and dependent variables
    • The value of information
    • The value of intervention
    • Production forecasting and surveillance

    Project and Risk Planning
    • Field development project planning
    • Energy transition and Carbon Capture and Storage
    • Well, reservoir and field management.
    • Roles & responsibilities
    • Field development risk planning

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    Customer Feedback

    "Very knowledgeable instructor." - Senior Petroleum Engineer at QatarEnergy

    "The course is comprehensive and we discussed everything about field development." - Facilities Engineer at Frontier Oil

    "Course content was interesting and relevant to my job. Instructor is knowledgeable and easy to interact with." - Reservoir Development Team Lead at NCOC

    "I liked the clarity of the slides and the relevance of the materials." - Reservoir Engineer at Frontier Oil

    "The structure was good with quizzes in the morning and go through exercise and then the lecture. The instructor was very knowledgeable and added interesting cases along the way to support the material." - Petroleum Engineer at Danish North Sea Fund

    "This course is one of the best courses I have attended. Really useful for my everyday work. And I have learned a lot! Great trainer!" - Reservoir Engineer at SASOL

    "Really enjoyed the course! Thank you. Great teaching! Pete was very engaging and his experience and case studies from his work experience were very interesting." - Senior Geologist at Brunei National Petroleum Company

    "Course provided the detailed understanding of Field Development Planning in a holistic sense." - Exploration Manager at SASOL

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