Sales Management Excellence: Staff Development & Leadership
09/11/2024Accounting and Financial Management in the Oil & Gas Sector
09/11/2024Comprehensive Exploration and Production Management in the Oil & Gas Industry
£7,000.00
Overview:
This 10-day advanced training course provides participants with a thorough grounding in upstream oil and gas operations, from exploration to production and decommissioning. With a holistic approach, it explores the technical, commercial, and environmental dimensions crucial for modern energy professionals. Participants will understand the critical stages of oil and gas projects, learn the industry’s latest technologies and trends, and appreciate the economic and regulatory aspects guiding decision-making.
The program concludes with an emphasis on sustainability in energy transition, decommissioning, and effective project lifecycle management, equipping participants with the necessary knowledge and skills to meet the dynamic challenges within the industry.
Program Objectives:
Upon completing this course, participants will be able to:
- Understand the global oil, gas, and LNG markets, including demand, supply, and the energy transition.
- Apply exploration, drilling, and reservoir evaluation techniques effectively.
- Conduct field appraisal and make informed decisions based on reservoir and economic data.
- Develop production strategies, managing surface and subsurface operations, and tackling field decline.
- Integrate petroleum economics, assessing cash flow, risks, and profitability for project screening.
- Manage the lifecycle of oil and gas projects from development to decommissioning, ensuring compliance with environmental and legislative requirements.
Target Audience:
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- Industry professionals looking to deepen their knowledge in upstream oil and gas.
- Technical and support staff transitioning into the industry.
- Managers responsible for overseeing exploration and production.
- Students and new entrants considering a career in the energy sector.
Program Outline:
Day 1: Global Energy Context
- Global energy landscape and transition to cleaner fuels.
- Overview of global and regional oil and gas supply and demand.
- Key oil and gas producing regions and their impact.
- Understanding the exploration, development, and production value chain.
Day 2: LNG Operations
- Introduction to LNG and its role in the global energy market.
- LNG development, production, and liquefaction processes.
- Contracting, shipping, and marketing LNG.
- Economic and business models in the LNG sector.
Day 3: The Petroleum System
- Fundamentals of basin formation and plate tectonics.
- Key components of oil and gas accumulations: source, seal, reservoir, and trap.
- Geological framework of petroleum provinces worldwide.
- Licensing types and agreements: production sharing contracts vs. tax and royalty systems.
Day 4: Exploration Methods
- Methods for gravity and magnetic surveys in exploration.
- Seismic exploration techniques: 2D and 3D surveys (onshore and offshore).
- Estimating reserves and assessing volumetrics.
- Valuing prospects through risk analysis, NPV, and expected monetary value.
Day 5: Drilling Systems and Techniques
- Overview of onshore and offshore drilling rigs.
- The rotary system, including conventional and advanced techniques.
- Key drilling fluids and their functions in well stability.
- Casing and cementing techniques and well-control measures.
Day 6: Reservoir Description and Modelling
- Types of reservoir rocks and depositional environments.
- Structural geology: faults, folds, and fractures.
- Composition and behavior of reservoir fluids.
- Well testing, data gathering, and reservoir modeling techniques.
Day 7: Field Appraisal and Development Planning
- Appraisal planning and understanding field uncertainty.
- The value of information in decision-making.
- Developing field requirements and HSE standards.
- Field development planning: from reservoir to processing.
Day 8: Petroleum Economics
- Elements of project cash flow and financial indicators.
- Discounting and production profiles for revenue forecasting.
- Assessing commercial risks, uncertainties, and opportunities.
- Profitability indicators and project ranking criteria.
Day 9: Managing Production and Field Decline
- Strategies for subsurface management and facility maintenance.
- Techniques for de-bottlenecking production constraints.
- Managing field decline: infill drilling and workover techniques.
- Enhanced oil recovery (EOR) and incremental project opportunities.
Day 10: Oil Refining and Decommissioning
- Overview of refining processes and fractionation of crude oil.
- Decommissioning: legislation, funding, and technical requirements.
- Decommissioning planning: economic vs. technical lifetimes.
- Techniques and methods for facility decommissioning.