Applied Field Development Planning
- Understanding Field Development Planning in the oil and gas industry.
- Developing multi-discipline skills for Field Development Planning.
- Building confidence through lectures, case studies, and exercises.
- Analyzing technical and commercial features of oil and gas properties.
- Managing risk and uncertainty in field development planning.
Overview
The Applied Field Training Course focuses on the technical and commercial aspects of Field Development Planning in the global oil and gas industry. It aims to develop multi-discipline skills necessary for this field. The course is designed for reservoir, petroleum, production, facility, drilling engineers, and geoscientists. Through lectures, case studies, and exercises, participants gain confidence in understanding field development planning, analyzing technical and commercial features, managing risks, and making informed decisions. Topics covered include estimating resources, costs, value, decision-making, and project and risk planning.
Who should attend
Engineers: reservoir, petroleum, production, facility, drilling Geoscientists
DESCRIPTION
Instructor: Pete Smith
DESIGNED FOR YOU, IF YOU ARE…
- A reservoir / petroleum / production / facility / drilling engineer
- A geoscientist
HOW WE BUILD YOUR CONFIDENCE
This is a five-day classroom-based course with lectures supported and illustrated by worked examples, case studies and follow-up exercises, group exercises and quizzes to give assurance that key learnings are accomplished.
Since participants may have different levels of background in petroleum economics and statistics there are additional pre-reading modules to ensure that the fundamental understanding of these topics has been established prior to the course.
THE BENEFITS FROM ATTENDING
By the end of the course you will feel confident in:
- Understanding the purpose of Field Development Planning
- Critically analysing the principal technical and commercial features of oil and gas properties
- Having a deeper understanding of the role of risk and uncertainty when making field development planning decisions
- Understanding all aspects that appertain to Field Development Planning, including resource size, resource location and reservoir production support mechanism
- Assessing the impact of field development choices on facility selection, sizing and costing
- Resolving the technical aspects into holistic understanding of the commercial worth of assets
- Developing a comprehensive understanding of how a field development project is managed the through key stage gates.
- Managing the risk of the Field Development cost, schedule and operability through-out field life
TOPICS
Estimating Resources
- The concept of value
- Geological issues – defining the static reservoir model
- Hydrocarbon issues – ‘the fluids’
- Petrophysical properties
- Reservoir mechanisms
- Reservoir dynamic modelling
- Resource uncertainty
Estimating Costs
- Field development definition
- Well productivity
- Oil/gas/water profiles
- Secondary recovery
- Well test analysis
- Developing a drilling schedule
- Facility costs
Estimating Value
- Transportation costs
- Gas and gas condensate fields
- Commercial evaluation/fiscal regulations
- Onshore oil field development example
- Offshore and deepwater oil field development examples
- Gas value chain
Making Decisions
- Risk, uncertainty and making decisions
- Bayesian revision – value of additional data
- Probability estimation
- Correlations and dependent variables
- The value of information
- The value of intervention
- Production forecasting and surveillance
Project and Risk Planning
- Field development project planning
- Carbon capture and storage
- Well, reservoir and field management
- Roles & responsibilities
- Field development risk planning
