Piping Systems - Mechanical Design and Specification - ME-41

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

Forecasting oil production; Defining: "reserves", operating expenses, capital expenditures, inflation, factors effecting oil and gas prices; Cash flow techniques; Economic criteria: interest, hurdle rate, time value of money, selection, ranking criteria; Risk, uncertainty: types of risk, mathematical techniques, probabilistic models, uncertainty in economic analysis; Financing, ownership in the oil and gas industry: business arrangements between operators, between mineral owners; Accounting versus cash flow: accounting principles and definitions, differences between accounting cash numbers, depreciation, depletion, amortization; Budgeting: types, processes, selecting of projects for the budget; Economic analysis of operations; Computer economics software; Tips on economic factors in computer spreadsheet analysis; Ethics in economic analyses

Hydrocarbons & Hydrocarbon System Language; Properties of Hydrocarbons - LNG focus; Introduction to LNG Processes; Phase Behavior FundamentalsThermodynamics of LNG processes; Mass Transfer Operations; NGL Stabilization and Fractionation; LNG Mixed Refrigerant Processes; LNG Storage and Loading

Getting started: Financial terms and definitions, the language of business; Accounting rules, standards and policies; Constructing the basic financial statements; Classifying assets and liabilities; Comparing different accounting elements; Accounting for joint operations; Accounting and reporting

Petroleum Systems: sedimentary basins; tectonics & stratigraphy; source rocks; reservoir/seal systems; burial history; petroleum maturation, migration, entrapment & preservation; Depositional systems: clastic & carbonate environments and associated reservoir rocks; structural & stratigraphic heterogeneities; stratigraphic concepts; subsurface recognition in cores, well logs & seismic; outcrop examples of deltaic sand bodies; North Sea and Wessex basin plays; The Static Model: trap configuration & influence on external geometries; internal reservoir characteristics & depositional controls; pore systems & their influence on fluid storage and flow behavior; estimating hydrocarbon volumes in-place; why rocks are heterogeneous and how to deal with the consequences for fluid upscaling; Production geoscience in the field lifecycle: appraisal, development planning and production/reservoir management; geological influence on field development with selected case studies

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

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

Reservoir containment evaluation; Caprock integrity assessment; SAGD and CSS in heavy oil reservoirs; Fundamentals of petroleum-related rock mechanics; Processes of data collection; Geomechanical characterization; Mechanical Earth Models (MEMs)

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

Forecasting oil production; Defining: "reserves", operating expenses, capital expenditures, inflation, factors effecting oil and gas prices; Cash flow techniques; Economic criteria: interest, hurdle rate, time value of money, selection, ranking criteria; Risk, uncertainty: types of risk, mathematical techniques, probabilistic models, uncertainty in economic analysis; Financing, ownership in the oil and gas industry: business arrangements between operators, between mineral owners; Accounting versus cash flow: accounting principles and definitions, differences between accounting cash numbers, depreciation, depletion, amortization; Budgeting: types, processes, selecting of projects for the budget; Economic analysis of operations; Computer economics software; Tips on economic factors in computer spreadsheet analysis; Ethics in economic analyses

Hydrocarbons & Hydrocarbon System Language; Properties of Hydrocarbons - LNG focus; Introduction to LNG Processes; Phase Behavior FundamentalsThermodynamics of LNG processes; Mass Transfer Operations; NGL Stabilization and Fractionation; LNG Mixed Refrigerant Processes; LNG Storage and Loading

Getting started: Financial terms and definitions, the language of business; Accounting rules, standards and policies; Constructing the basic financial statements; Classifying assets and liabilities; Comparing different accounting elements; Accounting for joint operations; Accounting and reporting

Petroleum Systems: sedimentary basins; tectonics & stratigraphy; source rocks; reservoir/seal systems; burial history; petroleum maturation, migration, entrapment & preservation; Depositional systems: clastic & carbonate environments and associated reservoir rocks; structural & stratigraphic heterogeneities; stratigraphic concepts; subsurface recognition in cores, well logs & seismic; outcrop examples of deltaic sand bodies; North Sea and Wessex basin plays; The Static Model: trap configuration & influence on external geometries; internal reservoir characteristics & depositional controls; pore systems & their influence on fluid storage and flow behavior; estimating hydrocarbon volumes in-place; why rocks are heterogeneous and how to deal with the consequences for fluid upscaling; Production geoscience in the field lifecycle: appraisal, development planning and production/reservoir management; geological influence on field development with selected case studies

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

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

Reservoir containment evaluation; Caprock integrity assessment; SAGD and CSS in heavy oil reservoirs; Fundamentals of petroleum-related rock mechanics; Processes of data collection; Geomechanical characterization; Mechanical Earth Models (MEMs)

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

Forecasting oil production; Defining: "reserves", operating expenses, capital expenditures, inflation, factors effecting oil and gas prices; Cash flow techniques; Economic criteria: interest, hurdle rate, time value of money, selection, ranking criteria; Risk, uncertainty: types of risk, mathematical techniques, probabilistic models, uncertainty in economic analysis; Financing, ownership in the oil and gas industry: business arrangements between operators, between mineral owners; Accounting versus cash flow: accounting principles and definitions, differences between accounting cash numbers, depreciation, depletion, amortization; Budgeting: types, processes, selecting of projects for the budget; Economic analysis of operations; Computer economics software; Tips on economic factors in computer spreadsheet analysis; Ethics in economic analyses

Hydrocarbons & Hydrocarbon System Language; Properties of Hydrocarbons - LNG focus; Introduction to LNG Processes; Phase Behavior FundamentalsThermodynamics of LNG processes; Mass Transfer Operations; NGL Stabilization and Fractionation; LNG Mixed Refrigerant Processes; LNG Storage and Loading

Getting started: Financial terms and definitions, the language of business; Accounting rules, standards and policies; Constructing the basic financial statements; Classifying assets and liabilities; Comparing different accounting elements; Accounting for joint operations; Accounting and reporting

Petroleum Systems: sedimentary basins; tectonics & stratigraphy; source rocks; reservoir/seal systems; burial history; petroleum maturation, migration, entrapment & preservation; Depositional systems: clastic & carbonate environments and associated reservoir rocks; structural & stratigraphic heterogeneities; stratigraphic concepts; subsurface recognition in cores, well logs & seismic; outcrop examples of deltaic sand bodies; North Sea and Wessex basin plays; The Static Model: trap configuration & influence on external geometries; internal reservoir characteristics & depositional controls; pore systems & their influence on fluid storage and flow behavior; estimating hydrocarbon volumes in-place; why rocks are heterogeneous and how to deal with the consequences for fluid upscaling; Production geoscience in the field lifecycle: appraisal, development planning and production/reservoir management; geological influence on field development with selected case studies

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

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

Reservoir containment evaluation; Caprock integrity assessment; SAGD and CSS in heavy oil reservoirs; Fundamentals of petroleum-related rock mechanics; Processes of data collection; Geomechanical characterization; Mechanical Earth Models (MEMs)

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

Forecasting oil production; Defining: "reserves", operating...