Reservoir Characterization: A Multi-Disciplinary Team Approach - RC

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; Tips on economic factors in computer spreadsheet analysis; Ethics in economic analyses

Reservoir fluid properties; Coring practices and rock properties; Fundamentals of fluid flow; Reservoir fluid distribution; Reservoir classification; Reservoir drive mechanisms; Oil and gas well performance; Pressure buildup analysis; Oil displacement concepts; Estimation of oil-in-place and gas-in-place; Recovery techniques

Pricing: natural gas, marker crudes, OPEC, spot and futures markets, transportation; Production rate: mathematical models; Cash flow: revenue, capital and operating costs, spreadsheet exercises; Economic evaluation: present value concepts, sensitivity and risk analysis, decision trees, royalty, sources of capital, incremental economics, sunk costs, inflation; Budgeting: examples and exercises, long-range planning; Cash versus write-off decision: depreciation, depletion, and amortization; How to read an annual report: statements, financial ratios, what is and is not included, reading between the lines; Worldwide business operations: concessions, licenses, production sharing contracts, joint ventures, cost of capital, sources of funding, debt and equity; Performance appraisal: buy/sell assessments; Computer economics software; Tips on format and inclusion of economic factors in computer spreadsheet analysis; Ethics in economic analyses

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

Overview of upstream oil and gas production operations; Overview of reservoirs and well inflow performance; Overview of artificial lift; Processing configurations (example PFD's); Fluid compositions, properties and phase behavior; Phase separation of gas, oil, and water; Emulsions; Sand, wax, and asphaltenes; Oil treating; Field desalting; Crude stabilization and sweetening; Crude oil storage and vapor recovery; Measurement of crude oil; Transportation of crude oil; Produced water treating; Compressors; Water injection systems; Relief and flare systems; Overview of solution gas processing

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; Tips on economic factors in computer spreadsheet analysis; Ethics in economic analyses

Reservoir fluid properties; Coring practices and rock properties; Fundamentals of fluid flow; Reservoir fluid distribution; Reservoir classification; Reservoir drive mechanisms; Oil and gas well performance; Pressure buildup analysis; Oil displacement concepts; Estimation of oil-in-place and gas-in-place; Recovery techniques

Pricing: natural gas, marker crudes, OPEC, spot and futures markets, transportation; Production rate: mathematical models; Cash flow: revenue, capital and operating costs, spreadsheet exercises; Economic evaluation: present value concepts, sensitivity and risk analysis, decision trees, royalty, sources of capital, incremental economics, sunk costs, inflation; Budgeting: examples and exercises, long-range planning; Cash versus write-off decision: depreciation, depletion, and amortization; How to read an annual report: statements, financial ratios, what is and is not included, reading between the lines; Worldwide business operations: concessions, licenses, production sharing contracts, joint ventures, cost of capital, sources of funding, debt and equity; Performance appraisal: buy/sell assessments; Computer economics software; Tips on format and inclusion of economic factors in computer spreadsheet analysis; Ethics in economic analyses

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

Overview of upstream oil and gas production operations; Overview of reservoirs and well inflow performance; Overview of artificial lift; Processing configurations (example PFD's); Fluid compositions, properties and phase behavior; Phase separation of gas, oil, and water; Emulsions; Sand, wax, and asphaltenes; Oil treating; Field desalting; Crude stabilization and sweetening; Crude oil storage and vapor recovery; Measurement of crude oil; Transportation of crude oil; Produced water treating; Compressors; Water injection systems; Relief and flare systems; Overview of solution gas processing

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; Tips on economic factors in computer spreadsheet analysis; Ethics in economic analyses

Reservoir fluid properties; Coring practices and rock properties; Fundamentals of fluid flow; Reservoir fluid distribution; Reservoir classification; Reservoir drive mechanisms; Oil and gas well performance; Pressure buildup analysis; Oil displacement concepts; Estimation of oil-in-place and gas-in-place; Recovery techniques

Pricing: natural gas, marker crudes, OPEC, spot and futures markets, transportation; Production rate: mathematical models; Cash flow: revenue, capital and operating costs, spreadsheet exercises; Economic evaluation: present value concepts, sensitivity and risk analysis, decision trees, royalty, sources of capital, incremental economics, sunk costs, inflation; Budgeting: examples and exercises, long-range planning; Cash versus write-off decision: depreciation, depletion, and amortization; How to read an annual report: statements, financial ratios, what is and is not included, reading between the lines; Worldwide business operations: concessions, licenses, production sharing contracts, joint ventures, cost of capital, sources of funding, debt and equity; Performance appraisal: buy/sell assessments; Computer economics software; Tips on format and inclusion of economic factors in computer spreadsheet analysis; Ethics in economic analyses

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

Overview of upstream oil and gas production operations; Overview of reservoirs and well inflow performance; Overview of artificial lift; Processing configurations (example PFD's); Fluid compositions, properties and phase behavior; Phase separation of gas, oil, and water; Emulsions; Sand, wax, and asphaltenes; Oil treating; Field desalting; Crude stabilization and sweetening; Crude oil storage and vapor recovery; Measurement of crude oil; Transportation of crude oil; Produced water treating; Compressors; Water injection systems; Relief and flare systems; Overview of solution gas processing

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; Tips on economic factors in computer spreadsheet analysis; Ethics in economic analyses

Reservoir fluid properties; Coring practices and rock properties; Fundamentals of fluid flow; Reservoir fluid distribution; Reservoir classification; Reservoir drive mechanisms; Oil and gas well performance; Pressure buildup analysis; Oil displacement concepts; Estimation of oil-in-place and gas-in-place; Recovery techniques

Pricing: natural gas, marker crudes, OPEC, spot and futures markets, transportation; Production rate: mathematical models; Cash flow: revenue, capital and operating costs, spreadsheet exercises; Economic evaluation: present value concepts, sensitivity and risk analysis, decision trees, royalty, sources of capital, incremental economics, sunk costs, inflation; Budgeting: examples and exercises, long-range planning; Cash versus write-off decision: depreciation, depletion, and amortization; How to read an annual report: statements, financial ratios, what is and is not included, reading between the lines; Worldwide business operations: concessions, licenses, production sharing contracts, joint ventures, cost of capital, sources of funding, debt and equity; Performance appraisal: buy/sell assessments; Computer economics software; Tips on format and inclusion of economic factors in computer spreadsheet analysis; Ethics in economic analyses

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

Overview of upstream oil and gas production operations; Overview of reservoirs and well inflow performance; Overview of artificial lift; Processing configurations (example PFD's); Fluid compositions, properties and phase behavior; Phase separation of gas, oil, and water; Emulsions; Sand, wax, and asphaltenes; Oil treating; Field desalting; Crude stabilization and sweetening; Crude oil storage and vapor recovery; Measurement of crude oil; Transportation of crude oil; Produced water treating; Compressors; Water injection systems; Relief and flare systems; Overview of solution gas processing

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; Tips on economic factors in computer spreadsheet analysis; Ethics in economic analyses

Reservoir fluid properties; Coring practices and rock properties; Fundamentals of fluid flow; Reservoir fluid distribution; Reservoir classification; Reservoir drive mechanisms; Oil and gas well performance; Pressure buildup analysis; Oil displacement concepts; Estimation of oil-in-place and gas-in-place; Recovery techniques

Pricing: natural gas, marker crudes, OPEC, spot and futures markets, transportation; Production rate: mathematical models; Cash flow: revenue, capital and operating costs, spreadsheet exercises; Economic evaluation: present value concepts, sensitivity and risk analysis, decision trees, royalty, sources of capital, incremental economics, sunk costs, inflation; Budgeting: examples and exercises, long-range planning; Cash versus write-off decision: depreciation, depletion, and amortization; How to read an annual report: statements, financial ratios, what is and is not included, reading between the lines; Worldwide business operations: concessions, licenses, production sharing contracts, joint ventures, cost of capital, sources of funding, debt and equity; Performance appraisal: buy/sell assessments; Computer economics software; Tips on format and inclusion of economic factors in computer spreadsheet analysis; Ethics in economic analyses

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

Overview of upstream oil and gas production operations; Overview of reservoirs and well inflow performance; Overview of artificial lift; Processing configurations (example PFD's); Fluid compositions, properties and phase behavior; Phase separation of gas, oil, and water; Emulsions; Sand, wax, and asphaltenes; Oil treating; Field desalting; Crude stabilization and sweetening; Crude oil storage and vapor recovery; Measurement of crude oil; Transportation of crude oil; Produced water treating; Compressors; Water injection systems; Relief and flare systems; Overview of solution gas processing