Exploration and Production Process Basics: Understanding the Petroleum Industry Value Cycle - EPB

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This workshop describes the petroleum value chain from prospect identification, to project commissioning and to final abandonment. Participants will leave this course with a firm understanding of the petroleum industry including, the knowledge and tools necessary to understand the relationships and dependencies across the E&P industry. The course offers a fresh look at a range of critical, inter-related topics and will be taught with the modern learner in mind. Multiple tools, such as peer-based learning, internet resources, hands-on exercises, in-depth team workshops, and group discovery sessions, will be used to ensure learning retention and recall. Participants work as members of multi-disciplinary teams using real oil-field data in interactive workshops that illustrate technology/business concepts. Each team will be accountable for the results of their interpretations in a safe, constructive learning environment. Other skills will be learned in short hands-on exercises that reinforce the lectures. Lecturers are widely-experienced oil field professionals who can share experiences from a number of technical settings and organizational approaches to give the students a broad view of the industry and its participants. The extended workshops conducted during the course include an exploration/discovery workshop, an appraisal workshop to define the static and dynamic models for a new discovery and a facilities workshop in which the students fit the facilities to their newly-defined discovery. Uncertainties, risk management, business practices and project management lessons are learned through these team events. One personal computer is supplied, at added cost, for every two participants.

Newly-hired engineers and geoscientists.

You will Learn:

  • Exploration/production overview
  • Basic petroleum geology and geophysics principles
  • Log interpretation basics
  • Drilling basics
  • Basic reservoir, production and facilities engineering
  • Business principles governing E/P

Course Content:

  • Opportunity identification
  • Elements of petroleum environment
  • Play to prospect to field technologies
  • Concessions and contracts
  • Find and define an asset
  • Appraise an opportunity
  • Build a field development plan
  • Facilities: gas, oil, design, construction, processing, maintenance, decommissioning
  • Building an effective team
  • Company/industry processes and procedures

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