Instrumentation and Controls Fundamentals for Facilities Engineers - IC-3

Decision Modeling: application of DA process for modeling; influence diagrams; free cash flow concept; sensitivity analysis; documentation and good modeling practices; real options overview; Monte Carlo Simulation: prospect risking (similar to play analysis); calculating probabilities and distributions with simulation; modeling and optimizing investment portfolios; valuing added control and flexibility; stopping rules; ways to model correlation; Decision Tree Analysis: value of information review; sensitivity analysis; solving with utility for risk aversion; Decision Policy: overview of finance theory related to PV discount rate and risk (CAPM and modern portfolio theory); shareholder value model; portfolio optimization to maximize economic value; efficient frontiers; multi-criteria decisions; risk policy as a utility function; calculating expected utility and certain equivalent; insurance and hedging; optimizing working interests; Implementation: presentation formats; model-centric enterprise model and balanced scorecard (dashboard) element focusing on shareholder value creation forecast

Production-related near wellbore damage Scale; Paraffin; Asphaltenes; Corrosion; Erosion; Well diagnostics; Removal techniques; Prevention techniques; Wellbore stabilization; Understanding unwanted water production Extent of the problem; Causes and effects of water production; Monitoring and evaluation techniques; Diagnostics; Defining required attributes and placement controls; Fitting solutions to problems; Remedial water control Challenges and solutions; Environmental considerations; In-Wellbore control; Near-wellbore techniques; Matrix applications; Fractures and voids; Water control Bringing it all together; Engineered process; Initial screening; Reservoir characterization; Simulation; Case studies

Reservoir Characterization and Evaluation: geological setting; rock properties; petrophysical considerations; Drilling: vertical vs. horizontal wells; pilot holes; fluids; MWD and LWD; wellbore sizes and lateral; drilling challenges; mechanical considerations; Completions: cased vs. open hole; perforation schemes; stimulation design and considerations; case histories; Field trials and pilots: strategies for implementing a pilot program to optimize well drilling, completion, stimulation and producing alternatives using microseismic, fiber optics, production logs and other resources; Production Forecasting and Reserve Calculations: volumetrics; performance analysis; simulation; resource development; decline curve analysis; handling uncertainty in estimates

Business context for Process Safety; Learning from previous incidents and near misses; Risk Assessment [Hazard Identification, Hazard Scenarios, Consequence & Likelihood Analysis, and Risk Analysis and Tools & Techniques]; Risk Reduction Measures (Barriers) [Types and Hierarchy of Risk Reduction Measures (Barriers)]; Design basis of plant facilities; Management of Process Safety in Operations [Operating Procedures, Design and Operating Limits, Human Factors, Inspection and Maintenance, and Emergency Response]; Management of Change; Incident and Near Miss Investigation; Self-Verification and Measurement; Process Safety Key Performance Indicators; Management Review and Auditing; Process Safety Leadership [Governance and Culture]

Gas Processing Systems; Physical Properties of Hydrocarbons; Qualitative Phase Behavior; Vapor-Liquid Equilibrium; Water-Hydrocarbon Behavior; Basic Thermodynamic Concepts and System Energy Changes; Relief and Flare Systems; Fluid Hydraulics; Separators; Heat Transfer; Pumps; Compressors; Refrigeration / NGL Extraction; Fractionation / Distillation; Glycol Dehydration; Adsorption Dehydration; Sour Gas Treating and Sulfur Recovery

Basics of NMR technology; NMR Core Analysis; Rock typing from NMR core data and its relationship to logs; Pore geometry and what it means for the interpretation of NMR data; NMR logs; Job Planning; Log Quality Control; Working with NMR data (various exercises throughout the course)

Decision Modeling: application of DA process for modeling; influence diagrams; free cash flow concept; sensitivity analysis; documentation and good modeling practices; real options overview; Monte Carlo Simulation: prospect risking (similar to play analysis); calculating probabilities and distributions with simulation; modeling and optimizing investment portfolios; valuing added control and flexibility; stopping rules; ways to model correlation; Decision Tree Analysis: value of information review; sensitivity analysis; solving with utility for risk aversion; Decision Policy: overview of finance theory related to PV discount rate and risk (CAPM and modern portfolio theory); shareholder value model; portfolio optimization to maximize economic value; efficient frontiers; multi-criteria decisions; risk policy as a utility function; calculating expected utility and certain equivalent; insurance and hedging; optimizing working interests; Implementation: presentation formats; model-centric enterprise model and balanced scorecard (dashboard) element focusing on shareholder value creation forecast

Production-related near wellbore damage Scale; Paraffin; Asphaltenes; Corrosion; Erosion; Well diagnostics; Removal techniques; Prevention techniques; Wellbore stabilization; Understanding unwanted water production Extent of the problem; Causes and effects of water production; Monitoring and evaluation techniques; Diagnostics; Defining required attributes and placement controls; Fitting solutions to problems; Remedial water control Challenges and solutions; Environmental considerations; In-Wellbore control; Near-wellbore techniques; Matrix applications; Fractures and voids; Water control Bringing it all together; Engineered process; Initial screening; Reservoir characterization; Simulation; Case studies

Reservoir Characterization and Evaluation: geological setting; rock properties; petrophysical considerations; Drilling: vertical vs. horizontal wells; pilot holes; fluids; MWD and LWD; wellbore sizes and lateral; drilling challenges; mechanical considerations; Completions: cased vs. open hole; perforation schemes; stimulation design and considerations; case histories; Field trials and pilots: strategies for implementing a pilot program to optimize well drilling, completion, stimulation and producing alternatives using microseismic, fiber optics, production logs and other resources; Production Forecasting and Reserve Calculations: volumetrics; performance analysis; simulation; resource development; decline curve analysis; handling uncertainty in estimates

Business context for Process Safety; Learning from previous incidents and near misses; Risk Assessment [Hazard Identification, Hazard Scenarios, Consequence & Likelihood Analysis, and Risk Analysis and Tools & Techniques]; Risk Reduction Measures (Barriers) [Types and Hierarchy of Risk Reduction Measures (Barriers)]; Design basis of plant facilities; Management of Process Safety in Operations [Operating Procedures, Design and Operating Limits, Human Factors, Inspection and Maintenance, and Emergency Response]; Management of Change; Incident and Near Miss Investigation; Self-Verification and Measurement; Process Safety Key Performance Indicators; Management Review and Auditing; Process Safety Leadership [Governance and Culture]

Gas Processing Systems; Physical Properties of Hydrocarbons; Qualitative Phase Behavior; Vapor-Liquid Equilibrium; Water-Hydrocarbon Behavior; Basic Thermodynamic Concepts and System Energy Changes; Relief and Flare Systems; Fluid Hydraulics; Separators; Heat Transfer; Pumps; Compressors; Refrigeration / NGL Extraction; Fractionation / Distillation; Glycol Dehydration; Adsorption Dehydration; Sour Gas Treating and Sulfur Recovery

Basics of NMR technology; NMR Core Analysis; Rock typing from NMR core data and its relationship to logs; Pore geometry and what it means for the interpretation of NMR data; NMR logs; Job Planning; Log Quality Control; Working with NMR data (various exercises throughout the course)

Decision Modeling: application of DA process for modeling; influence diagrams; free cash flow concept; sensitivity analysis; documentation and good modeling practices; real options overview; Monte Carlo Simulation: prospect risking (similar to play analysis); calculating probabilities and distributions with simulation; modeling and optimizing investment portfolios; valuing added control and flexibility; stopping rules; ways to model correlation; Decision Tree Analysis: value of information review; sensitivity analysis; solving with utility for risk aversion; Decision Policy: overview of finance theory related to PV discount rate and risk (CAPM and modern portfolio theory); shareholder value model; portfolio optimization to maximize economic value; efficient frontiers; multi-criteria decisions; risk policy as a utility function; calculating expected utility and certain equivalent; insurance and hedging; optimizing working interests; Implementation: presentation formats; model-centric enterprise model and balanced scorecard (dashboard) element focusing on shareholder value creation forecast

Production-related near wellbore damage Scale; Paraffin; Asphaltenes; Corrosion; Erosion; Well diagnostics; Removal techniques; Prevention techniques; Wellbore stabilization; Understanding unwanted water production Extent of the problem; Causes and effects of water production; Monitoring and evaluation techniques; Diagnostics; Defining required attributes and placement controls; Fitting solutions to problems; Remedial water control Challenges and solutions; Environmental considerations; In-Wellbore control; Near-wellbore techniques; Matrix applications; Fractures and voids; Water control Bringing it all together; Engineered process; Initial screening; Reservoir characterization; Simulation; Case studies

Reservoir Characterization and Evaluation: geological setting; rock properties; petrophysical considerations; Drilling: vertical vs. horizontal wells; pilot holes; fluids; MWD and LWD; wellbore sizes and lateral; drilling challenges; mechanical considerations; Completions: cased vs. open hole; perforation schemes; stimulation design and considerations; case histories; Field trials and pilots: strategies for implementing a pilot program to optimize well drilling, completion, stimulation and producing alternatives using microseismic, fiber optics, production logs and other resources; Production Forecasting and Reserve Calculations: volumetrics; performance analysis; simulation; resource development; decline curve analysis; handling uncertainty in estimates

Business context for Process Safety; Learning from previous incidents and near misses; Risk Assessment [Hazard Identification, Hazard Scenarios, Consequence & Likelihood Analysis, and Risk Analysis and Tools & Techniques]; Risk Reduction Measures (Barriers) [Types and Hierarchy of Risk Reduction Measures (Barriers)]; Design basis of plant facilities; Management of Process Safety in Operations [Operating Procedures, Design and Operating Limits, Human Factors, Inspection and Maintenance, and Emergency Response]; Management of Change; Incident and Near Miss Investigation; Self-Verification and Measurement; Process Safety Key Performance Indicators; Management Review and Auditing; Process Safety Leadership [Governance and Culture]

Gas Processing Systems; Physical Properties of Hydrocarbons; Qualitative Phase Behavior; Vapor-Liquid Equilibrium; Water-Hydrocarbon Behavior; Basic Thermodynamic Concepts and System Energy Changes; Relief and Flare Systems; Fluid Hydraulics; Separators; Heat Transfer; Pumps; Compressors; Refrigeration / NGL Extraction; Fractionation / Distillation; Glycol Dehydration; Adsorption Dehydration; Sour Gas Treating and Sulfur Recovery

Basics of NMR technology; NMR Core Analysis; Rock typing from NMR core data and its relationship to logs; Pore geometry and what it means for the interpretation of NMR data; NMR logs; Job Planning; Log Quality Control; Working with NMR data (various exercises throughout the course)

Decision Modeling: application of DA process for modeling; influence diagrams; free cash flow concept; sensitivity analysis; documentation and good modeling practices; real options overview; Monte Carlo Simulation: prospect risking (similar to play analysis); calculating probabilities and distributions with simulation; modeling and optimizing investment portfolios; valuing added control and flexibility; stopping rules; ways to model correlation; Decision Tree Analysis: value of information review; sensitivity analysis; solving with utility for risk aversion; Decision Policy: overview of finance theory related to PV discount rate and risk (CAPM and modern portfolio theory); shareholder value model; portfolio optimization to maximize economic value; efficient frontiers; multi-criteria decisions; risk policy as a utility function; calculating expected utility and certain equivalent; insurance and hedging; optimizing working interests; Implementation: presentation formats; model-centric enterprise model and balanced scorecard (dashboard) element focusing on shareholder value creation forecast

Production-related near wellbore damage Scale; Paraffin; Asphaltenes; Corrosion; Erosion; Well diagnostics; Removal techniques; Prevention techniques; Wellbore stabilization; Understanding unwanted water production Extent of the problem; Causes and effects of water production; Monitoring and evaluation techniques; Diagnostics; Defining required attributes and placement controls; Fitting solutions to problems; Remedial water control Challenges and solutions; Environmental considerations; In-Wellbore control; Near-wellbore techniques; Matrix applications; Fractures and voids; Water control Bringing it all together; Engineered process; Initial screening; Reservoir characterization; Simulation; Case studies

Reservoir Characterization and Evaluation: geological setting; rock properties; petrophysical considerations; Drilling: vertical vs. horizontal wells; pilot holes; fluids; MWD and LWD; wellbore sizes and lateral; drilling challenges; mechanical considerations; Completions: cased vs. open hole; perforation schemes; stimulation design and considerations; case histories; Field trials and pilots: strategies for implementing a pilot program to optimize well drilling, completion, stimulation and producing alternatives using microseismic, fiber optics, production logs and other resources; Production Forecasting and Reserve Calculations: volumetrics; performance analysis; simulation; resource development; decline curve analysis; handling uncertainty in estimates

Business context for Process Safety; Learning from previous incidents and near misses; Risk Assessment [Hazard Identification, Hazard Scenarios, Consequence & Likelihood Analysis, and Risk Analysis and Tools & Techniques]; Risk Reduction Measures (Barriers) [Types and Hierarchy of Risk Reduction Measures (Barriers)]; Design basis of plant facilities; Management of Process Safety in Operations [Operating Procedures, Design and Operating Limits, Human Factors, Inspection and Maintenance, and Emergency Response]; Management of Change; Incident and Near Miss Investigation; Self-Verification and Measurement; Process Safety Key Performance Indicators; Management Review and Auditing; Process Safety Leadership [Governance and Culture]

Gas Processing Systems; Physical Properties of Hydrocarbons; Qualitative Phase Behavior; Vapor-Liquid Equilibrium; Water-Hydrocarbon Behavior; Basic Thermodynamic Concepts and System Energy Changes; Relief and Flare Systems; Fluid Hydraulics; Separators; Heat Transfer; Pumps; Compressors; Refrigeration / NGL Extraction; Fractionation / Distillation; Glycol Dehydration; Adsorption Dehydration; Sour Gas Treating and Sulfur Recovery

Basics of NMR technology; NMR Core Analysis; Rock typing from NMR core data and its relationship to logs; Pore geometry and what it means for the interpretation of NMR data; NMR logs; Job Planning; Log Quality Control; Working with NMR data (various exercises throughout the course)

Decision Modeling: application of DA process for modeling; influence diagrams; free cash flow concept; sensitivity analysis; documentation and good modeling practices; real options overview; Monte Carlo Simulation: prospect risking (similar to play analysis); calculating probabilities and distributions with simulation; modeling and optimizing investment portfolios; valuing added control and flexibility; stopping rules; ways to model correlation; Decision Tree Analysis: value of information review; sensitivity analysis; solving with utility for risk aversion; Decision Policy: overview of finance theory related to PV discount rate and risk (CAPM and modern portfolio theory); shareholder value model; portfolio optimization to maximize economic value; efficient frontiers; multi-criteria decisions; risk policy as a utility function; calculating expected utility and certain equivalent; insurance and hedging; optimizing working interests; Implementation: presentation formats; model-centric enterprise model and balanced scorecard (dashboard) element focusing on shareholder value creation forecast

Production-related near wellbore damage Scale; Paraffin; Asphaltenes; Corrosion; Erosion; Well diagnostics; Removal techniques; Prevention techniques; Wellbore stabilization; Understanding unwanted water production Extent of the problem; Causes and effects of water production; Monitoring and evaluation techniques; Diagnostics; Defining required attributes and placement controls; Fitting solutions to problems; Remedial water control Challenges and solutions; Environmental considerations; In-Wellbore control; Near-wellbore techniques; Matrix applications; Fractures and voids; Water control Bringing it all together; Engineered process; Initial screening; Reservoir characterization; Simulation; Case studies

Reservoir Characterization and Evaluation: geological setting; rock properties; petrophysical considerations; Drilling: vertical vs. horizontal wells; pilot holes; fluids; MWD and LWD; wellbore sizes and lateral; drilling challenges; mechanical considerations; Completions: cased vs. open hole; perforation schemes; stimulation design and considerations; case histories; Field trials and pilots: strategies for implementing a pilot program to optimize well drilling, completion, stimulation and producing alternatives using microseismic, fiber optics, production logs and other resources; Production Forecasting and Reserve Calculations: volumetrics; performance analysis; simulation; resource development; decline curve analysis; handling uncertainty in estimates

Business context for Process Safety; Learning from previous incidents and near misses; Risk Assessment [Hazard Identification, Hazard Scenarios, Consequence & Likelihood Analysis, and Risk Analysis and Tools & Techniques]; Risk Reduction Measures (Barriers) [Types and Hierarchy of Risk Reduction Measures (Barriers)]; Design basis of plant facilities; Management of Process Safety in Operations [Operating Procedures, Design and Operating Limits, Human Factors, Inspection and Maintenance, and Emergency Response]; Management of Change; Incident and Near Miss Investigation; Self-Verification and Measurement; Process Safety Key Performance Indicators; Management Review and Auditing; Process Safety Leadership [Governance and Culture]

Gas Processing Systems; Physical Properties of Hydrocarbons; Qualitative Phase Behavior; Vapor-Liquid...