Upstream Oil and Gas Industry - The Full E&P Picture

Upstream Oil and Gas Industry - The Full E&P Picture

Course Summary
This course addresses the technical aspects of exploration, field development and oil, gas and gas liquid production. It also addresses the detailed economic, risk, fiscal and commercial issues from the perspective of a spectrum of potential corporate participants in large and small international upstream oil and gas projects. The course materials will include videos from E&P projects across the World and exercises to reinforce learning.
What you will learn

• Where and how oil and gas accumulates in reservoirs in the Earth's crust
  
• Prospecting and drilling techniques used to find, develop and produce oil and gas
  
• What is best practice in the upstream industry
  
• About existing and new technologies that facilitate and optimize technical recovery and maximize commercial returns for oil and gas companies
  
• How to overcome the technical issue and challenges that confront upstream operators
  
• Key upstream performance indicators used to judge finding, development and operating phases of activity
  
• Which negotiating and bidding strategies to use in different circumstances
  
• Fiscal and contract issues that impact long-term viability of oil and gas field development
  
• How risk and cost factors are monitored and managed in typical exploration and production projects
  
• The roles and opportunities in the sector for national oil companies (NOCs), majorinternational oil companies (IOCs) and smaller independent companies
  
• Analytical approaches to valuation and funding of upstream projects from the perspectives of operators, service contractors, equity investors and lenders
  
• Suitability:
  As the course addresses technical, commercial, contractual, fiscal, strategy and operations almost all professional disciplines working in the upstream industry would benefit from the material included and broad perspective taken. The presentation of the course is made with a multi-disciplined audience in mind and non-professional support staff would also gain a good overview of the industry from this course.
  Course content:
  Day 1: Exploration and Reserves Definition
  
  
  
  • Oil and gas (petroleum) distribution in the Earth's crust
    
  • The petroleum system: source rock, migration, reservoir, trap, seal
    
  • Reservoir characteristics and reserves categories
    
  • Spectrum of petroleum compositions and constituents
    
  • Geological and reconnaissance studies to upgrade leads and prospects
    
  • Geophysical techniques - gravity, magnetics, and electromagnetics
    
  • Seismic surveys - 2D, 3D, 4C, 4D and attribute analysis
    
  • Seep detection and direct hydrocarbon indicators
    
  • Drilling rig and well bore technologies
    
  • Horizontal, multilateral, sidetrack and underbalanced drilling
    
  • Reservoir Simulation models and integrated field studies
    
  • Well logging, testing and completion
    
  • Production decline and decline curve analysis
    
  
  Day 2: Field Development and Production
  
  
  
  • Oil and gas processing technologies and facilities
    
  • Infield flow-lines and flo- assurance
    
  • Extracting value from natural gas liquids (NGLs) and condensates
    
  • Offshore field production facilities
    
  • Fixed versus floating platforms
    
  • Quality, safety and environmental issues
    
  • Deepwater and sub-sea facilities
    
  • Artificial lift and enhanced oil recovery
    
  • Financial and non-financial measures of finding and development
    
  • Operations, maintenance and corrosion control
    
  • Export pipelines and terminals
    
  
  Day 3: Commercial and Contractual Issues
  
  
  
  • Negotiating and signing exploration and production licences
    
  • Competitive bidding, acquisitions and farmins
    
  • Mineral interest and production sharing fiscal systems
    
  • Economic performance of upstream contracts
    
  • Profit oil, cost oil and booking reserves
    
  • Joint ventures and joint operating agreements
    
  • Roles of National and International Oil Companies and Contractors
    
  • Opportunities and niches for smaller companies
    
  • Cash flo- components and discounted net present project values
    
  • Risk and opportunity analysis and its impact on investment decisions
    
  • Budgets, authorities for expenditure (AFEs) and cost control
    
  • Feasibility, FEED and EPC contracting to install facilities
    
  • Equity and debt funding and project finance
    
  • Future challenges for the upstream industry