Oil and Gas Field Life Cycle, Field Development and Planning

Upon completion of this course, participants will feel confident in their understanding of:

• Stages of the field life cycle: value creation and value realisation
• Technology, concepts, methods and terminology used in planning and execution of upstream projects
• The field development planning process
• The role and elements of risk and uncertainty
• Decision making processes and main decision gates
• Why projects fail

CONTENT

• The field life cycle
• Opportunity screening and access
• Fiscal systems
• Exploration
• Appraisal
• Volumetric estimations
• Field development planning
• Risks and uncertainty
• HSE considerations
• Petroleum economics
• Managing the producing field
• Managing decline
• Decommissioning
• Current industry challenges

FOR WHOM:

A subsurface, surface or commercial professional involved in planning or executing upstream projects

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.