N444 Development Planning For Mature Fields
N444 Development Planning For Mature Fields
Business Impact: This course equips participants with the knowledge and decision-making skills to create a robust development plan for mature fields.
This multidisciplinary course is designed to give participants a broad appreciation of the evaluation and planning activities associated with incremental development planning. This course takes groups through a wide range of associated issues, fills any knowledge gaps in the essential technical fundamentals required for mature field development planning and uses a case-based exercise which will run through the whole course.
A four-day classroom course comprising lectures, worked examples, exercises and discussion.
Participants will learn to:
Mature fields differ from greenfield developments in that major infrastructure is in place, static reservoir data has accumulated from development drilling and a growing volume of production data has become available. Decisions therefore relate to incremental projects, which may be small in scope and are often economically marginal. A firm understanding of the technical fundamentals associated with reservoir, wells and surface facilities is therefore required to make quality decisions in this environment, supported by an understanding of incremental project economics.
Challenges of mature field developments
Mature field development strategies
Mature oil fields
Mature gas fields
Economics
Decision making
Implementing and development managing the selected plan
Wrap-up
The course is designed for mid-career subsurface professionals, specifically petroleum engineers and geoscientists who play a part in evaluating, screening and maturing oil and gas field development opportunities in mature fields. Participation would also benefit technical team leaders and managers who want to gain an insight into the challenges, uncertainties and preparations involved in development planning for mature fields.
There are no formal prerequisites for this course. This course is complimentary to other courses in the Nautilus Training Alliance programme focusing more generally on economics and risk including N014 (Petroleum Economics and Risk Analysis).
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Background
Richard Oxlade is an oil and gas industry advisor with a petroleum engineering background. He has over 35 years of oil and gas industry experience with a major operator (BP) and a consultancy (TRACS) in a range of technical, commercial, and leadership roles. He is recognised as a very strong analytical thinker who can cover strategic issues and deal with complexity and detail. He is respected for providing business advice at all levels of the organisation up to CEO level. He has a track record of working with multi-disciplinary teams, complemented by an enthusiasm for developing others through coaching and teaching.
Courses Taught
N006: An Introduction to Reservoir Engineering
N014: Petroleum Economics and Risk Analysis
N310: Carbonate Reservoir Modelling and Field Development Planning (Provence, France)
N444: Development Planning For Mature Fields
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