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 […]
Uncertainty & Risk in Development
The quantification of uncertainty and risk is often discussed in the context of exploration and appraisal, yet most of the upstream E&P business concerns decision-making in producing assets. Designed for: Anyone involved in the quantification of uncertainty and risk in fields under development or in production, particularly mature fields. Geoscience, reservoir engineering, petrophysics, well technology, […]
Risk Analysis
By the end of the course participants will be able to: Designed for: The course is designed for staff in engineering and commercial functions, who already have an understanding of petroleum economics (discounted cashflow, NPV, EMV) and are involved in the quantification of risk for either exploration or production projects. Duration 1 to 3 days […]
Petroleum Economics and Risk Analysis
The course will provide a structured approach to defining and analysing petroleum risks in the upstream business. Designed for: The course is designed for staff working in geoscience, engineering, finance, or commercial departments of oil and gas companies, or companies which supply finance or services to the oil and gas industry. Duration 5 days Learning […]
Petroleum Risk and Portfolio Management
The objective of the Petroleum Risk and Portfolio Management course is to provide practical advice and tools that can be used to identify, express, analyse and manage both technical and non-technical E&P risk and uncertainties. Designed for: The course is designed for staff working in geoscience, engineering, finance, or commercial departments of oil and gas […]
Asset Value Assurance (AVA™) Reviews
Asset Value Assurance (AVA™) is a process which identifies opportunities to enhance production, increase value and manage risks at all stages of the asset life cycle. The process is carried out by a multi-disciplinary TRACS team working with the client’s project team over a short period of time to identify sources of added value, major […]