Oil and Gas Project Development: Concepts and Applications
Modern oil & gas development activities involve a systematic and integrated approach that examines the financial viability of a project at several key stages. Through this process, companies have made tremendous gains in minimizing evaluation time and in optimizing financial returns.
The evaluation and decision-making process is not complex, but it is essential that everyone in the evaluation team understands their role in the process and the purpose and objectives of the individual evaluation stages.
Benefits of Attending this Workshop
By attending this course, you will be able to:
Describe the five evaluation stages for an Oil & Gas prospect or project.
Understand the meaning of key concepts and terms applied in modern project development.
Identify the elements of the Stage-Gate evaluation process.
Construct a development plan for a case study using the Subsurface Lockdown, FEED and FID concepts.
Review the impacts hydrocarbon type (oil, gas, gas liquids) has on marketing and development planning
Define the key parameters used to measure financial performance or a project and of a company
Apply project management techniques in an EPC case study.
Identify the keys and methods to managing the production life cycle.
Apply correlations to approximate CAPEX and OPEX requirements and production volumes
Rank order the parameters having the largest impact on financial viability of selected case studies
Who Should Attend
The course is intended for those already familiar with the technical aspects of characterizing oil and gas reservoirs and who want a better understanding of how to evaluate a prospect or project as it evolves from concept to production. This includes Reservoir Engineers, Production Engineers, Facility Engineers, Reserve Engineers, Geophysicists, Geologists, Technical Support staff, and Managers. Participants should have a solid understanding of reservoir flow, reservoir characterization, and well completion concepts