Introduction to Seismic Stratigraphy: A Basin Scale Regional Exploration Workshop - ISS

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

History: Progression into deep water and deep reservoirs; Marine Seismic Exploration: 3-D and 4-D in deep water; seafloor hydrophones; Drilling, Well Control, Drilling Risers, MODUs: DW drilling sequence; drilling pressure management (dual gradient); casing pressure barriers; safety monitoring, riser gas handler; Spread Mooring & Dynamic Positioning: Basics of DW spread mooring; synthetic rope; DW anchors; permanent anchors/piles; types of DP position reference; underwater positioning and navigation; Drilling Riser Emergency Disconnect: DP failure modes and consequences (high current); disconnect strategy and sequence; anti-recoil system; back-up systems; Currents, VIV, Vessel Hydrodynamics: DW currents; hazards of VIV (Vortex-Induced Vibration) and current drag; VIV suppression; platform motions and importance; model testing; Production platforms: Pros and cons, how to choose, historical numbers of the various versions of SPARs, TLPS, large semis, and various FPSO concepts; production riser interfaces/interactions; Pipelines & Flowlines: Route surveying & hazards; S-lay, J-lay and Reel-lay offshore fabrication/installation & vessels; onshore fabrication & tow-out; burying & covering; flow assurance by injection & pigging; temperature control methods; seafloor connections; inspection & repair; flexible pipe; Production Risers: Definition of wet-tree, dry-tree; TTPRs (Top-Tensioned PRs), tensioners, buoyancy; composites, IPBs (integrated prod. bundles), lazy wave configuration; SCRs (Steel Catenary Risers), TDP (Touch Down Point) problems, top connections, vessel motion effects, pipe-in-pipe, anti-corrosion cladding, VIV suppression; self-standing hybrids, single & multiline; monitoring; Subsea Completions, Control, Processing & Well Maintenance: Historical growth; drilling/completion sequence; SS tree complexity; seafloor hardware installation options; control/power/injection umbilicals; umbilical fabrication, installation, connection; ROV (Remotely Operated Vehicle) & IWOC (Installation, WorkOver & Completion) operations; downhole completions; reduced cost well WO/intervention/maintenance options including wireline, coiled tubing; seafloor processing; all-electric control; permanent SS surveillance; Oil Spill Prevention & Response: Elements of drilling/production safety; regulations; response initiatives - responders & standby equipment

Fundamentals of electricity; Direct current; Basic AC theory; Transformers; Motors; Power distribution; System protection and coordination; Emergency power generators, direct current systems and uninterruptible power systems; Power generation; Variable speed drives; Programmable electronic systems; Electrical safety; Grounding and bonding; Hazardous area

The project methodology; Identifying project risks and opportunities; The project lifecycle; The project manager; The project business case; The project sponsor; The project scope; Understanding project interfaces; Managing a project budget; Project scheduling; Resource management; Lead time and project inventory management; Remote teams

Petroleum geology and its systems; Operations geology: prospect to well planning, provision of geological services; Wellsite geology: geological sampling, sample analysis and well stratigraphy, cutting and core description; Structural geology: fractures, faults, borehole geology; Drilling Operations: bits, fluids, casing and cement, drilling problems and well control, directional drilling, geosteering; Logging operations: acquisition, tools, quick look interpretation, MWD/LWD, geosteering; Well testing & fluids: reservoir properties, rock and fluid interaction, permeability, averaging, data gathering and interpretation; Impact on FDP: case histories; Tendering and contracting; Reporting: geological data, petrophysical data, pressure data; Exercises: cores, cuttings, quick look, pressures, daily drilling report

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

History: Progression into deep water and deep reservoirs; Marine Seismic Exploration: 3-D and 4-D in deep water; seafloor hydrophones; Drilling, Well Control, Drilling Risers, MODUs: DW drilling sequence; drilling pressure management (dual gradient); casing pressure barriers; safety monitoring, riser gas handler; Spread Mooring & Dynamic Positioning: Basics of DW spread mooring; synthetic rope; DW anchors; permanent anchors/piles; types of DP position reference; underwater positioning and navigation; Drilling Riser Emergency Disconnect: DP failure modes and consequences (high current); disconnect strategy and sequence; anti-recoil system; back-up systems; Currents, VIV, Vessel Hydrodynamics: DW currents; hazards of VIV (Vortex-Induced Vibration) and current drag; VIV suppression; platform motions and importance; model testing; Production platforms: Pros and cons, how to choose, historical numbers of the various versions of SPARs, TLPS, large semis, and various FPSO concepts; production riser interfaces/interactions; Pipelines & Flowlines: Route surveying & hazards; S-lay, J-lay and Reel-lay offshore fabrication/installation & vessels; onshore fabrication & tow-out; burying & covering; flow assurance by injection & pigging; temperature control methods; seafloor connections; inspection & repair; flexible pipe; Production Risers: Definition of wet-tree, dry-tree; TTPRs (Top-Tensioned PRs), tensioners, buoyancy; composites, IPBs (integrated prod. bundles), lazy wave configuration; SCRs (Steel Catenary Risers), TDP (Touch Down Point) problems, top connections, vessel motion effects, pipe-in-pipe, anti-corrosion cladding, VIV suppression; self-standing hybrids, single & multiline; monitoring; Subsea Completions, Control, Processing & Well Maintenance: Historical growth; drilling/completion sequence; SS tree complexity; seafloor hardware installation options; control/power/injection umbilicals; umbilical fabrication, installation, connection; ROV (Remotely Operated Vehicle) & IWOC (Installation, WorkOver & Completion) operations; downhole completions; reduced cost well WO/intervention/maintenance options including wireline, coiled tubing; seafloor processing; all-electric control; permanent SS surveillance; Oil Spill Prevention & Response: Elements of drilling/production safety; regulations; response initiatives - responders & standby equipment

Fundamentals of electricity; Direct current; Basic AC theory; Transformers; Motors; Power distribution; System protection and coordination; Emergency power generators, direct current systems and uninterruptible power systems; Power generation; Variable speed drives; Programmable electronic systems; Electrical safety; Grounding and bonding; Hazardous area

The project methodology; Identifying project risks and opportunities; The project lifecycle; The project manager; The project business case; The project sponsor; The project scope; Understanding project interfaces; Managing a project budget; Project scheduling; Resource management; Lead time and project inventory management; Remote teams

Petroleum geology and its systems; Operations geology: prospect to well planning, provision of geological services; Wellsite geology: geological sampling, sample analysis and well stratigraphy, cutting and core description; Structural geology: fractures, faults, borehole geology; Drilling Operations: bits, fluids, casing and cement, drilling problems and well control, directional drilling, geosteering; Logging operations: acquisition, tools, quick look interpretation, MWD/LWD, geosteering; Well testing & fluids: reservoir properties, rock and fluid interaction, permeability, averaging, data gathering and interpretation; Impact on FDP: case histories; Tendering and contracting; Reporting: geological data, petrophysical data, pressure data; Exercises: cores, cuttings, quick look, pressures, daily drilling report

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

History: Progression into deep water and deep reservoirs; Marine Seismic Exploration: 3-D and 4-D in deep water; seafloor hydrophones; Drilling, Well Control, Drilling Risers, MODUs: DW drilling sequence; drilling pressure management (dual gradient); casing pressure barriers; safety monitoring, riser gas handler; Spread Mooring & Dynamic Positioning: Basics of DW spread mooring; synthetic rope; DW anchors; permanent anchors/piles; types of DP position reference; underwater positioning and navigation; Drilling Riser Emergency Disconnect: DP failure modes and consequences (high current); disconnect strategy and sequence; anti-recoil system; back-up systems; Currents, VIV, Vessel Hydrodynamics: DW currents; hazards of VIV (Vortex-Induced Vibration) and current drag; VIV suppression; platform motions and importance; model testing; Production platforms: Pros and cons, how to choose, historical numbers of the various versions of SPARs, TLPS, large semis, and various FPSO concepts; production riser interfaces/interactions; Pipelines & Flowlines: Route surveying & hazards; S-lay, J-lay and Reel-lay offshore fabrication/installation & vessels; onshore fabrication & tow-out; burying & covering; flow assurance by injection & pigging; temperature control methods; seafloor connections; inspection & repair; flexible pipe; Production Risers: Definition of wet-tree, dry-tree; TTPRs (Top-Tensioned PRs), tensioners, buoyancy; composites, IPBs (integrated prod. bundles), lazy wave configuration; SCRs (Steel Catenary Risers), TDP (Touch Down Point) problems, top connections, vessel motion effects, pipe-in-pipe, anti-corrosion cladding, VIV suppression; self-standing hybrids, single & multiline; monitoring; Subsea Completions, Control, Processing & Well Maintenance: Historical growth; drilling/completion sequence; SS tree complexity; seafloor hardware installation options; control/power/injection umbilicals; umbilical fabrication, installation, connection; ROV (Remotely Operated Vehicle) & IWOC (Installation, WorkOver & Completion) operations; downhole completions; reduced cost well WO/intervention/maintenance options including wireline, coiled tubing; seafloor processing; all-electric control; permanent SS surveillance; Oil Spill Prevention & Response: Elements of drilling/production safety; regulations; response initiatives - responders & standby equipment

Fundamentals of electricity; Direct current; Basic AC theory; Transformers; Motors; Power distribution; System protection and coordination; Emergency power generators, direct current systems and uninterruptible power systems; Power generation; Variable speed drives; Programmable electronic systems; Electrical safety; Grounding and bonding; Hazardous area

The project methodology; Identifying project risks and opportunities; The project lifecycle; The project manager; The project business case; The project sponsor; The project scope; Understanding project interfaces; Managing a project budget; Project scheduling; Resource management; Lead time and project inventory management; Remote teams

Petroleum geology and its systems; Operations geology: prospect to well planning, provision of geological services; Wellsite geology: geological sampling, sample analysis and well stratigraphy, cutting and core description; Structural geology: fractures, faults, borehole geology; Drilling Operations: bits, fluids, casing and cement, drilling problems and well control, directional drilling, geosteering; Logging operations: acquisition, tools, quick look interpretation, MWD/LWD, geosteering; Well testing & fluids: reservoir properties, rock and fluid interaction, permeability, averaging, data gathering and interpretation; Impact on FDP: case histories; Tendering and contracting; Reporting: geological data, petrophysical data, pressure data; Exercises: cores, cuttings, quick look, pressures, daily drilling report

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

History: Progression into deep water and deep reservoirs; Marine Seismic Exploration: 3-D and 4-D in deep water; seafloor hydrophones; Drilling, Well Control, Drilling Risers, MODUs: DW drilling sequence; drilling pressure management (dual gradient); casing pressure barriers; safety monitoring, riser gas handler; Spread Mooring & Dynamic Positioning: Basics of DW spread mooring; synthetic rope; DW anchors; permanent anchors/piles; types of DP position reference; underwater positioning and navigation; Drilling Riser Emergency Disconnect: DP failure modes and consequences (high current); disconnect strategy and sequence; anti-recoil system; back-up systems; Currents, VIV, Vessel Hydrodynamics: DW currents; hazards of VIV (Vortex-Induced Vibration) and current drag; VIV suppression; platform motions and importance; model testing; Production platforms: Pros and cons, how to choose, historical numbers of the various versions of SPARs, TLPS, large semis, and various FPSO concepts; production riser interfaces/interactions; Pipelines & Flowlines: Route surveying & hazards; S-lay, J-lay and Reel-lay offshore fabrication/installation & vessels; onshore fabrication & tow-out; burying & covering; flow assurance by injection & pigging; temperature control methods; seafloor connections; inspection & repair; flexible pipe; Production Risers: Definition of wet-tree, dry-tree; TTPRs (Top-Tensioned PRs), tensioners, buoyancy; composites, IPBs (integrated prod. bundles), lazy wave configuration; SCRs (Steel Catenary Risers), TDP (Touch Down Point) problems, top connections, vessel motion effects, pipe-in-pipe, anti-corrosion cladding, VIV suppression; self-standing hybrids, single & multiline; monitoring; Subsea Completions, Control, Processing & Well Maintenance: Historical growth; drilling/completion sequence; SS tree complexity; seafloor hardware installation options; control/power/injection umbilicals; umbilical fabrication, installation, connection; ROV (Remotely Operated Vehicle) & IWOC (Installation, WorkOver & Completion) operations; downhole completions; reduced cost well WO/intervention/maintenance options including wireline, coiled tubing; seafloor processing; all-electric control; permanent SS surveillance; Oil Spill Prevention & Response: Elements of drilling/production safety; regulations; response initiatives - responders & standby equipment

Fundamentals of electricity; Direct current; Basic AC theory; Transformers; Motors; Power distribution; System protection and coordination; Emergency power generators, direct current systems and uninterruptible power systems; Power generation; Variable speed drives; Programmable electronic systems; Electrical safety; Grounding and bonding; Hazardous area

The project methodology; Identifying project risks and opportunities; The project lifecycle; The project manager; The project business case; The project sponsor; The project scope; Understanding project interfaces; Managing a project budget; Project scheduling; Resource management; Lead time and project inventory management; Remote teams

Petroleum geology and its systems; Operations geology: prospect to well planning, provision of geological services; Wellsite geology: geological sampling, sample analysis and well stratigraphy, cutting and core description; Structural geology: fractures, faults, borehole geology; Drilling Operations: bits, fluids, casing and cement, drilling problems and well control, directional drilling, geosteering; Logging operations: acquisition,...