N401 Applied Field Development Planning

Course Facts

Course Code:
N401
Duration:
5 days
Type:
Classroom
CEU:
4.0 Continuing Education Units
PDH:
40 Professional Development Hours
Certificate:
Certificate Issued Upon Completion

Summary

This course considers in detail the technical and commercial influences on Field Development Planning within the global oil and gas industry. It takes into account the need for the understanding of field development choices, on resource size, on facility choices, size and cost. By defining a set of key learning objectives, the course is tailored to those wishing to deepen their understanding of Field Development Planning’s purpose within the oil and gas industry. This course is orientated to building understanding of the multi-discipline skills required for Field Development Planning.

Duration and Training Method

Five day, classroom based course, with worked examples, exercises and discussion. There are also pre-course materials: 4 standalone modules to be completed prior to the course.

On completion of this course, and after applying the learning’s of the course in their job, participants will have built up skilled competence on how to plan a field development and specifically be able to:

  1. Establish a detailed understanding of the purpose of Field Development Planning.
  2. Deepen knowledge of how risk and uncertainty impacts field development planning decisions.
  3. Understand all aspects that appertain to Field Development Planning, including resource size,resource location, reservoir production support mechanism and cost.
  4. Be able to assess the impact of field development choices on facility selection, sizing and costing.
  5. Build a holistic view of the commercial worth of Field Developments.
  6. Develop a set of key tools to make optimum decisions based upon available information and uncertainties
  7. Develop a comprehensive understanding of how a field development project is managed through keystage gates.
  8. Manage Field Development cost, schedule and operability though-out field life.

A. Pre-course materials to complete as a primer for the course:

  1. Value - Measures of project value – Strategic fit, Net Present Value and Rate of Return, etc.
  2. Making Decisions - Use of Decision trees/link between studies and decisions
  3. Statistics and distributions – key types and parameters
  4. Combining distributions – parametric method

(All these materials/modules have a pre-module quiz to check existing understanding and a post-module exercise to secure learning).

B. Classroom Content

Part 1 - Introduction

  • Heuristics Quiz
  • Introduction
  • Business Framework
  • Risk and Uncertainty
  • Review of pre-course materials 1 & 2 and solution to exercises

Part 2 - Estimating Resources

  • Quiz and review of webinar 1
  • Fluids and PVT data
  • Reservoir Mechanisms
  • Secondary and Tertiary Recovery
  • Resource Uncertainty

Part 3 - Estimating Costs part I

  • Quiz and review of webinar 2
  • Field Development Definition
  • Well Productivity
  • Oil/Water and Gas Profiles

Part 4 - Estimating Costs part II

  • Quiz and review of webinar 3
  • Secondary Recovery
  • Additional Production Issues
  • Facility Selection
  • Development Costs

Part 5 - Estimating Value part I

  • Quiz and review of webinar 4
  • Transportation Costs
  • Gas fields and Gas Value chain
  • Commercial Evaluation & Fiscal regulations

Part 6 – Estimating Value part II

  • Quiz and review of webinar 5
  • Field Development Examples:
    • I. Onshore
    • II.UKCS
    • III.Atlantic Margin - deep-water
    • IV.Norway
    • V. Gulf of Mexico – shelf and deep-water

Part 7 – Framing choices

  • Quiz and review of webinar 6
  • Review of pre-course materials 3 & 4 and solution to exercises
  • Probability Estimation
  • Value of Information (Appraisal & Intervention)
  • Bayesian Revision
  • Project Uncertainty

Part 8 - A Compelling Case

  • Quiz and review of webinar 7
  • Reservoir Dynamic Modelling
  • Production forecasting
  • Field Development Project Planning
  • Presenting the project
  • Wrap-up

Who should attend

This course is designed for reservoir/petroleum/production/facility/drilling engineers, geoscientists, team leaders and managers.

Prerequisites and linking courses

Whilst there are no formal prerequisites for this class, participants are expected to have a basic understanding of statistics and able to use excel to complete individual exercises.

Click on a name to learn more about the instructor

Pete Smith

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