Application of PRMS reserves and resource guidelines
The objective of the short course is to provide those involved in the annual reserves reporting cycle with the knowledge to apply PRMS Guidelines to oil and gas assets, from exploration through to mature field opportunities.
Field Development Planning
Criteria for Success. Field Development Planning is conducted by all oil and gas operators with outcomes that often differ widely from predictions. Occasionally, developments are simply unsuccessful; one independent industry body rates over 65% of FDPs as ‘failures’. Why is this so? Designed for: The course is designed for all petroleum engineers, drilling engineers, team […]
The E&P Business in a Day
Turning a Rock into a Dollar. What does everyone do in E&P and how does it come together as a business? So you have a clear view of your own job or department but what’s happening in other departments or in other companies involved in E&P? If you’re working in a specialist job, or in […]
Petroleum Economics
The course provides knowledge of the role of petroleum economics in decision making for both exploration and production ventures. Designed for: The course is designed for staff working in geoscience, engineering, finance, or commercial departments of oil and gas companies, or companies who supply finance or services to the oil and gas industry. It is […]
E&P Business Simulation (Panacea)
The Country Management simulation is designed to allow groups working within the E&P sector to experience the process of formulating a Country Business Plan over the medium term (5 years). Designed for: This event is designed for a mixture of commercial and technical staff, and is also very useful to legal and HR staff involved […]
Asset Trading Game
The Asset Trading Game is designed to allow groups working within the E&P sector experience the process of formulating an acquisition and disposition strategy, and then actively pursue this in a set of negotiations with other asset owners. It is of value as commercial training, but also has the opportunity to be used as a […]
Business Series
The Business Series embraces the non-technical business courses such as petroleum economics, strategy and planning. These have been run both as traditional classroom courses and as workshop-style programmes, often for large groups (50+). Series information TRACS Training courses are typified by commercial awareness, and this approach is encapsulated in the Business Series in short courses […]