The course is designed to give participants an appreciation of the evaluation and planning activities associated mature oil and gas field management.
The course is designed for petroleum engineers, geoscientists, facilities engineers, commercial staff and other disciplines who expect to play a part in evaluating, screening and maturing oil and gas field development opportunities. The course is most effective when delivered to a mixed discipline group.
Duration
Learning Level
Mature fields differ from green field developments in that major infrastructure is in place, static reservoir data has accumulated from development drilling and a growing volume of production and processing performance data has become available. Decisions therefore relate to incremental projects, which may be small in scope and are often economically marginal. A firm understanding of the technical fundamentals associated with reservoir, wells and surface facilities is therefore required to make quality decisions in this environment, supported by realistic uncertainty ranges, and consistent application of incremental project economics and risk analysis. Various strategies may be considered to manage the mature asset, from harvest to divest, and the selected incremental activities should support a clear chosen strategy.
This course takes groups through these issues, fills any knowledge gaps in the essential technical fundamentals required for mature field development planning in support of a chosen strategy. Course content follows a red-thread TRACS case study, based on real field data, and if requested, the client’s specific field data can be adopted to create an asset focused event.
3-5 days in classroom or split into half-day sessions for virtual instructor-led training (VILT)
BSc, MBA
40+ years - reservoir engineering, economics and risk analysis
Mark develops and runs courses in Early Development, Business & Risk and Reservoir Engineering series. He has a career background at Shell, TRACS (Director), and AGR (VP). Mark is Author of ‘Petroleum Economics and Risk Analysis’ and co-author of ‘Hydrocarbon Exploration and Production’, an SPE distinguished lecturer, and guest lecturer at Heriot-Watt University.
BSc, MEng
35+ years - reservoir engineering
Jerry mainly tutors courses in the Reservoir, Early Development, and Open Air Series. He has a career background at Shell, TRACS and AGR. Jerry is co-author of ‘Adventure Trekking in Oman’.
Energy transition and renewables
Early development
E&P overview
Reservoir
Wells
Business
Open air
Uncertainty and Risk
e-Products
