Basic Drilling, Completion and Workover Operations - BDC

Course

In San Francisco (USA)

Price on request

Description

  • Type

    Course

  • Location

    San francisco (USA)

  • Start date

    Different dates available

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

Facilities

Location

Start date

San Francisco (USA)
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333 Bush Street, Suite 2400, 94104

Start date

Different dates availableEnrolment now open

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Subjects

  • Gas
  • Production
  • Project
  • Simulation
  • Systems
  • IT risk
  • Risk
  • Testing
  • Geology
  • Forecasting
  • Interpretation
  • Planning
  • Cash Flow
  • Basic
  • Options
  • Investment
  • Finance
  • Play
  • Insurance
  • Presentation
  • Basic IT training
  • Basic IT
  • IT Management
  • Management
  • Forecasts
  • Oil Well
  • Oil Field
  • IT Development
  • Property
  • Contracts

Course programme

Training Course Content

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

Asset life cycles, professional roles, hydrocarbon reservoir descriptions. Porosity, permeability, compressibility, capillary pressure, wettability and relative permeability, averaging reservoir property data; Phase behavior of reservoir fluids, gas properties, oil properties, water properties, PVT sampling and understanding PVT laboratory reports; Calculate original hydrocarbons in-place with volumetric methods, build hydrocarbon volume vs depth relationships, and review reserve booking guidelines; Oil recovery material balance, Havlena-Odeh method, gas material balance, volumetric, compaction, water drive and compartmentalized reservoirs; Oil well testing: Radial flow theory, wellbore storage and skin, drawdowns, buildups, curve shapes, type curve solutions, pseudo steady state, steady state, average pressure estimates, PI and IPR relationships; Gas well testing: Pressure, pressure squared, real gas pseudo pressure solutions, rate sensitive skins, multi-rate testing, gas well deliverability; Hurst van Everdingen, Carter Tracy, and Fetkovitch methods of aquifer analysis and description; Immiscible displacement: Fluid displacement process, fractional flow, Buckley Leverett, Welge; Description of coning, cusping, and over/under running, critical rates calculations, breakthrough times, horizontal well applications; Gas reservoirs: volumetric, water drive and compaction drive-oil reservoirs: water drive, water flood, gravity drainage, gas cap expansion, combination drive, naturally fractured and critical reservoir fluid reservoirs; Gas field developments: characteristics, deliverability issues, contracts, planning tools-oil field developments: development phases, reservoir characterization, sweep and recovery, production policies; Reservoir simulation: Why simulate? Various simulation models, simulator types, setting up a simulator model

Properties of Coordinate Reference Systems; Map projections and the ArcMap Data Frame; Exporting and projecting vector data; Raster datasets and Coordinate Reference Systems; Datum transformations; The EPSG Geodetic Parameter Dataset

Capillary pressure applications in reservoir characterization; Rock properties from mercury/air capillary pressures; Capillary pressure data representativeness; Capillary forces in reservoir rocks; their measurement; Capillary pressure data fitting methods; Representing a large number of capillary curves (averaging); Permeability from capillary pressure curves and petrography; Saturation-height functions; Surface phenomena, capillarity, wettability, and interphase tension; The competition between capillary and gravity forces; Relationships between initial and residual saturations; Interpretation of single and multiple pore system rocks; Clay-bound water; Capillary pressure vs. NMR; Seal capacity

Conventional decline curve equations: exponential, hyperbolic and harmonic rate versus time and rate versus cumulative production relationships, selecting the proper equation based on reservoir properties and drive mechanisms; The effects of transient production: how to recognize transient production, how transient forecasts can overestimate remaining reserves, how to properly constrain transient forecasts; Forecasting during displacement processes: using trends like water-oil ratio and versus cumulative oil production to estimate ultimate oil recovery, converting these trends into an oil rate versus time forecast; Difficult situations: layered and compartmented reservoirs, downtime, workovers, changing facility conditions and facility constraints, forecasting groups of wells, common mistakes; Production decline type-curves: Introduction and historical background on production decline type-curve methods, how to use modern decline type-curves to determine reservoir properties during both transient and stabilized production, using type-curve methods for forecasting future production

Geological / depositional environment, reservoir properties review; Properties influencing formation damage; Damaging sandstones, shales and carbonates, clay mineralogy; Damage mechanisms - Causes of damage: Fluids and Polymers, During drilling, running pipe and cementing, From perforating, During well completions, During production (fines migration, paraffin, scale, etc), During workovers and Damage to Injection wells.; Evaluating damage potential: Laboratory testing; Evaluating wells that may be damaged: Production performance, Pressure analysis, Production logging; Damage removal: Non-acid approaches, Acidizing and Bypassing damage with hydraulic fracturing

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

Fundamentals; Field measurement devices; Final elements and actuators; Pressure relief and pressure regulation; Instrumentation documentation; Control system basics; Programmable logic controllers; Supervisory control and data acquisition (SCADA) systems; Distributed control systems (DCS); Safety instrumented system (SIS); Hazardous areas and equipment selection

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

Learn a step-by-step method to the structure, techniques, and approaches available to positively influence an effective negotiation; Know what behavior to adapt at each stage of the negotiation; Leverage the power of Best Alternative To a Negotiated Agreement (BATNA), Worst Alternative To a Negotiated Agreement (WATNA), and Walk Away Price (WAP); Adjust your communication style to achieve desired results; Deal with tough negotiators; Craft a strategy for your negotiation; Use the Agree, Bargain, Control or Delay (ABCD) method; Practice your negotiation skills in real world activities; Apply what you've learned to plan a negotiation back on the job

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

Asset life cycles, professional roles, hydrocarbon reservoir descriptions. Porosity, permeability, compressibility, capillary pressure, wettability and relative permeability, averaging reservoir property data; Phase behavior of reservoir fluids, gas properties, oil properties, water properties, PVT sampling and understanding PVT laboratory reports; Calculate original hydrocarbons in-place with volumetric methods, build hydrocarbon volume vs depth relationships, and review reserve booking guidelines; Oil recovery material balance, Havlena-Odeh method, gas material balance, volumetric, compaction, water drive and compartmentalized reservoirs; Oil well testing: Radial flow theory, wellbore storage and skin, drawdowns, buildups, curve shapes, type curve solutions, pseudo steady state, steady state, average pressure estimates, PI and IPR relationships; Gas well testing: Pressure, pressure squared, real gas pseudo pressure solutions, rate sensitive skins, multi-rate testing, gas well deliverability; Hurst van Everdingen, Carter Tracy, and Fetkovitch methods of aquifer analysis and description; Immiscible displacement: Fluid displacement process, fractional flow, Buckley Leverett, Welge; Description of coning, cusping, and over/under running, critical rates calculations, breakthrough times, horizontal well applications; Gas reservoirs: volumetric, water drive and compaction drive-oil reservoirs: water drive, water flood, gravity drainage, gas cap expansion, combination drive, naturally fractured and critical reservoir fluid reservoirs; Gas field developments: characteristics, deliverability issues, contracts, planning tools-oil field developments: development phases, reservoir characterization, sweep and recovery, production policies; Reservoir simulation: Why simulate? Various simulation models, simulator types, setting up a simulator model

Properties of Coordinate Reference Systems; Map projections and the ArcMap Data Frame; Exporting and projecting vector data; Raster datasets and Coordinate Reference Systems; Datum transformations; The EPSG Geodetic Parameter Dataset

Capillary pressure applications in reservoir characterization; Rock properties from mercury/air capillary pressures; Capillary pressure data representativeness; Capillary forces in reservoir rocks; their measurement; Capillary pressure data fitting methods; Representing a large number of capillary curves (averaging); Permeability from capillary pressure curves and petrography; Saturation-height functions; Surface phenomena, capillarity, wettability, and interphase tension; The competition between capillary and gravity forces; Relationships between initial and residual saturations; Interpretation of single and multiple pore system rocks; Clay-bound water; Capillary pressure vs. NMR; Seal capacity

Conventional decline curve equations: exponential, hyperbolic and harmonic rate versus time and rate versus cumulative production relationships, selecting the proper equation based on reservoir properties and drive mechanisms; The effects of transient production: how to recognize transient production, how transient forecasts can overestimate remaining reserves, how to properly constrain transient forecasts; Forecasting during displacement processes: using trends like water-oil ratio and versus cumulative oil production to estimate ultimate oil recovery, converting these trends into an oil rate versus time forecast; Difficult situations: layered and compartmented reservoirs, downtime, workovers, changing facility conditions and facility constraints, forecasting groups of wells, common mistakes; Production decline type-curves: Introduction and historical background on production decline type-curve methods, how to use modern decline type-curves to determine reservoir properties during both transient and stabilized production, using type-curve methods for forecasting future production

Geological / depositional environment, reservoir properties review; Properties influencing formation damage; Damaging sandstones, shales and carbonates, clay mineralogy; Damage mechanisms - Causes of damage: Fluids and Polymers, During drilling, running pipe and cementing, From perforating, During well completions, During production (fines migration, paraffin, scale, etc), During workovers and Damage to Injection wells.; Evaluating damage potential: Laboratory testing; Evaluating wells that may be damaged: Production performance, Pressure analysis, Production logging; Damage removal: Non-acid approaches, Acidizing and Bypassing damage with hydraulic fracturing

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

Fundamentals; Field measurement devices; Final elements and actuators; Pressure relief and pressure regulation; Instrumentation documentation; Control system basics; Programmable logic controllers; Supervisory control and data acquisition (SCADA) systems; Distributed control systems (DCS); Safety instrumented system (SIS); Hazardous areas and equipment selection

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

Learn a step-by-step method to the structure, techniques, and approaches available to positively influence an effective negotiation; Know what behavior to adapt at each stage of the negotiation; Leverage the power of Best Alternative To a Negotiated Agreement (BATNA), Worst Alternative To a Negotiated Agreement (WATNA), and Walk Away Price (WAP); Adjust your communication style to achieve desired results; Deal with tough negotiators; Craft a strategy for your negotiation; Use the Agree, Bargain, Control or Delay (ABCD) method; Practice your negotiation skills in real world activities; Apply what you've learned to plan a negotiation back on the job

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

Asset life cycles, professional roles, hydrocarbon reservoir descriptions. Porosity, permeability, compressibility, capillary pressure, wettability and relative permeability, averaging reservoir property data; Phase behavior of reservoir fluids, gas properties, oil properties, water properties, PVT sampling and understanding PVT laboratory reports; Calculate original hydrocarbons in-place with volumetric methods, build hydrocarbon volume vs depth relationships, and review reserve booking guidelines; Oil recovery material balance, Havlena-Odeh method, gas material balance, volumetric, compaction, water drive and compartmentalized reservoirs; Oil well testing: Radial flow theory, wellbore storage and skin, drawdowns, buildups, curve shapes, type curve solutions, pseudo steady state, steady state, average pressure estimates, PI and IPR relationships; Gas well testing: Pressure, pressure squared, real gas pseudo pressure solutions, rate sensitive skins, multi-rate testing, gas well deliverability; Hurst van Everdingen, Carter Tracy, and Fetkovitch methods of aquifer analysis and description; Immiscible displacement: Fluid displacement process, fractional flow, Buckley Leverett, Welge; Description of coning, cusping, and over/under running, critical rates calculations, breakthrough times, horizontal well applications; Gas reservoirs: volumetric, water drive and compaction drive-oil reservoirs: water drive, water flood, gravity drainage, gas cap expansion, combination drive, naturally fractured and critical reservoir fluid reservoirs; Gas field developments: characteristics, deliverability issues, contracts, planning tools-oil field developments: development phases, reservoir characterization, sweep and recovery, production policies; Reservoir simulation: Why simulate? Various simulation models, simulator types, setting up a simulator model

Properties of Coordinate Reference...

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Basic Drilling, Completion and Workover Operations - BDC

Price on request