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overview
Key Learning Objectives
- Review the global make-up of the oil and gas industry, its jargon and its challenges
- Gain awareness of basic petroleum geoscience, petrophysics and field appraisal
- Discover petroleum exploration, drilling and evaluation/testing techniques and methods
- Appreciate reservoir engineering and the uncertainty surrounding  resource/reserve estimation
- Understand field development planning techniques, economic assessments and reservoir management
- Determine the basic components of production engineering, managing field decline, processing and refining
- Appreciate the balance between commercial and technical risk , uncertainty and opportunity in a project lifecycle
- Review the design, construction, commissioning and decommissioning of facilities
About the Course
This intensive 2-day course will provide participants with a solid all round grounding in the technologies, concepts, methods and language used in upstream oil and gas projects.
The technical and commercial building blocks of oil and gas projects will be examined, and how a venture progresses; from the point of acquiring a license, through exploration, appraisal, concept selection and the development phase, into production, late field life and finally decommissioning.
The link to downstream is bridged with a discussion on refining and the LNG business.
Participants will learn to appreciate the impact of geological and reservoir uncertainty on concept selection and production management, and how the right combination of technology,business processes and decision making can improve project value.
Towards the end of the program, the critical roles of the many different disciplines and stakeholders involved in upstream projects will be discussed.
The commercial aspects of how oil and gas fields are evaluated and which profitability indicators are used to screen and rank projects will be analysed.
Who Will Benefit
This course is not a basic level introductory course. It has a specific techno-commercial focus for technical and business oriented professionals who are either new to the upstream oil and gas industry or experienced in one part but could benefit from a wider perspective.
- Technical (exploration and production, geoscience and engineering)
- Non-technical (commercial, finance, marketing and legal) backgrounds
- Those who have recently joined an petroleum market development/project
Testimonials
“Industry knowledge, ability to translate difficult concepts into layman terms and relevant experience (Australia Woodside) so able to give recent examples. Overall, really enjoyed the course and will apply daily in my role. Peter Moore exceptional choice of instructor..”
Associate, CT Partners
“Great overview with enough detail to explain the concepts even if you have no technical background.”
Information Officer, NOPSA
“Very knowledgeable, good ‘on the ground’ experience, kept the presentation moving along, very approachable.”
Divisional Manager, Aon Risk Services Limited
“Everything – excellent balance of technical and commercial overview – enough detail, but none redundant.”
Stream Leader – Flow Assurance, CSIRO
Agenda
Global energy context: oil and gas supply and demand
- Main producing countries and regions – OPEC vs. non OPEC
- Main consumers now and in future – can we deliver?
– Money and muscle – the increasing power of the national oil companies
– The exploration and production value chain – an overview of the asset management cycle
The petroleum system
- Basins, basin formation, plate tectonics
- Components of oil and gas accumulations – source, seal, reservoir, trap
- Petroleum provinces of the world – geological framework
- Gaining entry: exploration license types and agreements
– Production sharing contracts vs. tax and royalty systems
Exploration methods
- Gravimetry
- Magnetometry
- Seismic – 2D and 3D onshore and offshore
- How much oil or gas to be found?
- Valuing a prospect – risked volumes and expected monetary value
- Outcrops and analogues
- The environmental impact of exploration (EIA)
Practical activity: Country entry problem – to go or not to go
Drilling systems & techniques
- Types of drilling rigs – onshore and offshore
- The rotary system – conventional, top drive, rotary steerable
- Drilling fluids, types and functions
- Automated rigs
- Well planning considerations
- Site preparation
- Drilling a well
- Casing and cementing
- Things that can go wrong – stuck pipe, overpressures, lost circulation, kicks
- Well control
- Mud logging
Reservoir description
- Reservoir rock types
- Depositional environments – the role of heterogeneity
- Structures – faults, folds, fractures
- Diagenesis and reservoir property modifications
- Reservoir fluids and composition
- Drive mechanisms – how does a well flow
- Volumetric estimates and reserves classification
- Well testing and reservoir surveillance – data gathering activities
- Reservoir modelling and simulation
Field appraisal
- Role of appraisal and uncertainty
- More data vs. a more flexible concept
- Appraisal planning
- The value of information
Practical activity: Designing an appraisal strategy
Concept selection and field development planning
- Defining requirements and specifications
- HSE requirements in field development
- From reservoir to surface – well completions and artificial lift
- Basic processing equipment
- The process flow scheme – from well head to refinery
- Facilities options and concepts – onshore/offshore
- Evacuation options
Petroleum economics
- Elements of a project cash flow and commercial indicators
- Discounting
- Production profiles into revenue
- Commercial risks, uncertainties and opportunities
- Oil vs. gas
- Profitability indicators used for oil and gas projects
- Project screening and ranking
- Economics vs. strategies – publicly traded companies vs. national oil and gas companies
Managing production
- Managing the subsurface
- Managing surface facilities and maintenance
- De-bottlenecking
- Managing the external factors
Managing field decline
- Infill drilling
- Workover activities
- Facilities and process integrity issues
- Enhanced oil recovery techniques
- Incremental projects and near field opportunities
Refining and LNG
- Review how crude oil is refined via a short movie
- Understand the physical separation of crude via fractionation into the main fractions required for market ie gases, gasoline, diesel, kerosene, residue/heavy fractions
- The LNG business; basic plant/process, separation into gas components and contaminants, and commercial impacts
Decommissioning
- Legislation
- Economic vs. technical lifetime
- Decommissioning funding
- Decommissioning methods
On-site & in-house training
Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?
Talk to us about an on-site/in-house & customised solution.