Upstream Oil and Gas Development Lifecycle Costing

The Oil and Gas Industry

• Overview of the oil and gas industry
• Onshore
• Offshore
• Unconventional

Project Lifecycle

• What is the lifecycle
• Project stages
• Exploration
• Appraisal
• Development
• Production
• Abandonment

Cost Estimating

• Estimating methodology overview
• Cost fluctuations and forecasting
• Types of estimating
• Cost estimate levels
• Cost accuracy

Cost Estimate Components

• Exploration and appraisal
• Drillex
• Capex – Facilities
• Opex – Production
• Abex
• Project & Owner’s costs
• Contingency
• Operator’s Reserve

Field Development Planning

• Field development plan
• Lifecycle costing
• Scheduling
• Investment profiles

Petroleum Contracts

• Petroleum Economics
• Exploration Economics
• Development Economics

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.