The course is designed to address the decision-based technical workflow that is a pre-requisite to appraisal and development investments. Participants will learn the background theory behind the dynamic behaviour of reservoirs and the impact of various uncertainties on the prediction of performance. The course covers a range of petroleum, reservoir engineering and economic issues with reference to a robust commercial framework. Participants will be empowered to collaborate between disciplines and add value in the development of upstream assets.
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 Instructor: Pete Smith
Designed for you, if you are...
A petroleum, reservoir or drilling engineer or geoscientist working in a multidiscipline team
Team leaders and asset managers involved in the planning and execution of subsurface reservoir modelling projects may also benefit
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.
Since participants may have different levels of background in petroleum economics and statistics there are additional pre-reading modules to ensure that the fundamental understanding of these topics has been established prior to the course.
By the end of the course you will feel confident in:
Assessing the importance of fluid properties for reservoir description, material balance and flow assurance
Evaluating how reservoir energy (including aquifers), fluid responses, drive mechanisms and EOR processes are assessed and managed to maximise planned recovery
Understanding the technical aspects of well testing and its use for both appraisal and development decisions and deepening knowledge concerning reservoir description
Developing an understanding of resources and reserves booking as it appertains to reservoir appraisal and development
Learning how to combine uncertainties and select key variables to manage uncertainty by acquiring additional data (appraisal) or design of interventions (contingency) within a value of information framework
Assessing the pitfalls and best practices in building and using simulation models for appraisal and development decision making
Risk and uncertainty
Decisions with uncertainty
Fluids and PVT data
Reservoir mechanisms - secondary and tertiary recovery - gas and aquifers
Establishing the importance of uncertainties on project value
Value of information (appraisal)
Value of information (interventions)
Well testing - From an engineering perspective - Interpretation from a geological perspective