Upstream Oil and Gas Industry - The Full E&P Picture - EXP1 

CPE Credits Awarded:
Categories: The Natural Gas Industry , Oil Industry, E&P

Gold Course This course addresses the technical aspects of exploration, field development and oil, gas and gas liquid production. It also addresses the detailed economic, risk, fiscal and commercial issues from the perspective of a spectrum of potential corporate participants in large and small international upstream oil and gas projects. The course materials will include videos from E&P projects across the World and exercises to reinforce learning.

What you will learn

  • Where and how oil and gas accumulates in reservoirs in the Earth-s crust
  • Prospecting and drilling techniques used to find, develop and produce oil and gas
  • What is best practice in the upstream industry
  • About existing and new technologies that facilitate and optimize technical recovery and maximize commercial returns for oil and gas companies
  • How to overcome the technical issue and challenges that confront upstream operators
  • Key upstream performance indicators used to judge finding, development and operating phases of activity
  • Which negotiating and bidding strategies to use in different circumstances
  • Fiscal and contract issues that impact long-term viability of oil and gas field development
  • How risk and cost factors are monitored and managed in typical exploration and production projects
  • The roles and opportunities in the sector for national oil companies (NOCs), major international oil companies (IOCs) and smaller independent companies
  • Analytical approaches to valuation and funding of upstream projects from the perspectives of operators, service contractors, equity investors and lenders

Manager’s Return on Investment

Upon completion of this course your employees will:

  • Understand what exploration technologies are available and how they are used in an integrated manner
  • Be familiar with upstream oil and gas processing requirements and technologies
  • Be able to critically access the different types of field facilities required to develop oil and gas fields in both onshore and offshore environments
  • Have sufficient insight to select appropriate financial and non-financial key performance indicators to evaluate upstream projects and companies
  • Recognise what the key terms are in the framework of contracts required to operate and finance upstream projects

Do you have a question or enquiry regarding this course?

Please contact your local sales team:

Asia Pacific Europe, Middle East, Africa, Central & South America North America

As the course addresses technical, commercial, contractual, fiscal, strategy and operations almost all professional disciplines working in the upstream industry would benefit from the material included and broad perspective taken. The presentation of the course is made with a multi-disciplined audience in mind and non-professional support staff would also gain a good overview of the industry from this course.

Day 1: Exploration and Reserves Definition

  • Oil and gas (petroleum) distribution in the Earth-s crust
  • The petroleum system: source rock, migration, reservoir, trap, seal
  • Reservoir characteristics and reserves categories
  • Spectrum of petroleum compositions and constituents
  • Geological and reconnaissance studies to upgrade leads and prospects
  • Geophysical techniques - gravity, magnetics, and electromagnetics
  • Seismic surveys - 2D, 3D, 4C, 4D and attribute analysis
  • Seep detection and direct hydrocarbon indicators
  • Drilling rig and well bore technologies
  • Horizontal, multilateral, sidetrack and underbalanced drilling
  • Reservoir Simulation models and integrated field studies
  • Well logging, testing and completion
  • Production decline and decline curve analysis

Day 2: Field Development and Production

  • Oil and gas processing technologies and facilities
  • Infield flow-lines and flow assurance
  • Extracting value from natural gas liquids (NGLs) and condensates
  • Offshore field production facilities
  • Fixed versus floating platforms
  • Quality, safety and environmental issues
  • Deepwater and sub-sea facilities
  • Artificial lift and enhanced oil recovery
  • Financial and non-financial measures of finding and development
  • Operations, maintenance and corrosion control
  • Export pipelines and terminals

Day 3: Commercial and Contractual Issues

  • Negotiating and signing exploration and production licences
  • Competitive bidding, acquisitions and farmins
  • Mineral interest and production sharing fiscal systems
  • Economic performance of upstream contracts
  • Profit oil, cost oil and booking reserves
  • Joint ventures and joint operating agreements
  • Roles of National and International Oil Companies and Contractors
  • Opportunities and niches for smaller companies
  • Cash flow components and discounted net present project values
  • Risk and opportunity analysis and its impact on investment decisions
  • Budgets, authorities for expenditure (AFEs) and cost control
  • Feasibility, FEED and EPC contracting to install facilities
  • Equity and debt funding and project finance
  • Future challenges for the upstream industry

Faculty

DR DAVID WOOD has some 30 years of international oil and gas experience spanning technical and commercial exploration and production operations, contract evaluation and senior corporate management. Industry experience includes Phillips Petroleum, Amoco (Africa, Europe and UK) and Canadian independents (South America, Africa, Middle & Far East), including 3 years based in Colombia and 4 years based in Dubai. From 1993 to 1998 he was UK Managing Director for Lundin Oil & then Morrison Petroleum responsible for a broad portfolio of assets and a staff of more than 100. David now works as an independent international consultant and expert witness advising international oil companies and governments. He has published an extensive body of work on diverse energy related topics including: performance modelling of fiscal terms, economic analysis, enterprise risk management, portfolio simulation and optimisation, LNG, GTL and gas supply, deepwater exploration and production techniques, corporate performance, portfolio and strategy management, mergers & acquisitions, negotiations & project management. He is also actively involved in diverse professional training, research and development programmes and is an associate editor of the Journal of Natural Gas Science and Engineering.

Testimonials

“Great selection of topics and great group activities.” F.K., ExxonMobil

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