Oil and Gas
Oil and Gas | Oil and Gas Fundamentals
Orientation to the E&P Business for the New Petrotechnical Professional
Format and Duration:
2 days
This course will orient new petrotechnical professionals (geologists, geophysicists, petrophysicists, engineers, and technicians) to the vocabulary, practices, and career opportunities of the exploration, production refining and marketing business. It includes an introduction to the full exploration and production life cycle and of the value chain it generates.
Schedule
Duration and Training Method
This is a classroom course comprising of lectures punctuated with case studies illustrating concepts.
Course Overview
Learning Outcomes
Participants will learn to:
- Describe the different operations required to explore for, develop, produce, refine and market oil and natural gas.
- Explain the steps required for oil and gas to accumulate in subsurface traps.
- Describe some of the methods used when exploring for oil and gas.
- Explain how mineral and surface rights are identified and contractually secured.
- Recognize general types of onshore and offshore rotary rigs.
- Discuss basic economics of drilling a well.
- Discuss production techniques.
- List secondary recovery techniques.
- Describe how crude oils are refined.
- Review methods of selling petroleum products to the consumer.
Course Content
This course provides an introduction to the full life cycle of the E&P business, from basic petroleum geology through generation of a prospect, acquiring the rights to explore, land leasing, permitting, drilling, producing and abandoning after the hydrocarbon production depletes. Participants will gain an appreciation of the various roles required to explore for, find, and produce oil and natural gas and the multi-disciplinary nature of work teams. This course introduces the key economic business drivers and discusses the risks and uncertainties present at key decision points along the life cycle value chain.
Agenda
1. Overview
• Basic definitions
• World petroleum statistics
• Worldwide petroleum producers
• Types of operations
- Exploration, Production,
Transportation, Refining and
Marketing
• Careers in the E&P business
2. Petroleum Chemistry
• Gas, Condensates and Liquid
• Physical properties
• Characteristics of Natural gas
• Characteristics of Crude oil
3. Exploration for Oil and Gas
• Origin of oil and gas
• Occurrence of oil and gas
• Finding the reservoir
• Defining a prospect to drill
• Worldwide exploration facts
• Summary of desired Learning Outcomes for exploration for oil and gas
4. Leasing the Prospect
• Onshore US, offshore US, on and offshore international opportunities
• Summary of desired Learning Outcomes for leasing the prospect
5. Drilling for Hydrocarbons and Completing a Well
• Drilling rig components
- Hoisting system
- Drill string and bit
- Fluid circulation
- Power plant
- Blow-out prevention
• Drilling vertical or directional
• Onshore and offshore
• Well logging
• Drill stem testing
• Completing a well
• Summary of desired Learning Outcomes for the drilling and completion section
6. Production of Oil and Natural Gas
• Reverses cash flow
• Natural flow and artificial lift
• Well equipment
• Oil, natural gas and water – removal of contaminants
• Separation of fluids and gases
• Well servicing and workovers
• Improving hydrocarbon recovery
• Onshore vs. offshore production operations
• Summary of desired Learning Outcomes for the production of hydrocarbons section
7. Transportation of Oil and Natural Gas
• Movement of oil and natural gas from producing field to refineries and processing plants
• Movement of products to consumers
8. Disposition and Abandonment
• Lease terms
• Economic factors
9. Refining Oil and Natural Gas
• Why refine?
• Characteristics of crude oil
- Basic chemistry of petroleum
- Downstream jargon
10. Marketing of Processed Hydrocarbons
11. E&P Industry Economics and the Future Demand for Oil and Natural Gas
12. Social responsibility
• Stakeholders
• Community development
• Environmental stewardship
• Governmental regulations
• Hydraulic fracturing
• Summary and desired Learning Outcomes of the E&P Business Orientation
Who Should Attend and Prerequisites
Anyone new to the exploration and production business.
Instructors
Tim Deines
Background
Mr. Deines joined Marathon in 1981 as a production engineer and progressed through a series of technical and management positions in both engineering and field operations in Wyoming, California, Texas and New Mexico. In 2000, Mr. Deines was appointed engineering manager for Continental US Production in Houston, TX. He subsequently served in various corporate management positions in supply chain, external affairs and technical career development. He began his current assignment as manager of drilling, completions, production and reservoir technology in August 2008. Mr. Deines is a native of Berthoud, Colorado.
Affiliations and Accreditation
BSc Colorado School of Mines - Petroleum Engineering
Member of the Society of Petroleum Engineers
Board of Directors for Lakeview Christian Home of the Southwest
Petroleum Engineering Advisory Board for the University of Houston
Chair of the SPE Petroleum Faculty Awards Committee
Courses Taught
N154: Orientation to the Upstream E&P Business for the New Petrotechnical Professional
Randy McQueen
Background
Randy McQueen worked as a well site drilling and geological engineer for Dresser Industries, Mining Minerals Division in Albuquerque, New Mexico prior to joining Marathon Oil Company in 1978 as a development geologist in Lafayette, Louisiana. Randy progressed through a series of technical and management positions in both exploration and production including exploitation manager for Marathon Oil UK, US & Canada onshore exploration manager, worldwide oil & gas exploitation manager and worldwide geoscience manager. Randy retired from Marathon in November 2008.
Affiliations and Accreditation
BSc Northern Arizona University, Flaggstaff - Geology
AAPG - Member
Rocky Mountain Association of Geologists - Member
AAPG’s Division of Professional Affairs - Certified Professional Geologist
Licensed Geologist - Wyoming
Courses Taught
N154: Orientation to the E&P Business for the New Petrotechnical Professional
Accreditation and Certification
CEU: 1.4 Continuing Education Units
PDH: 14 Professional Development Hours
Certificate: Certificate Issued Upon Completion
RPS is accredited by the International Association for Continuing Education and Training (IACET) and is authorized to issue the IACET CEU. We comply with the ANSI/IACET Standard, which is recognised internationally as a standard of excellence in instructional practices.
We issue a Certificate of Attendance which verifies the number of training hours attended. Our courses are generally accepted by most professional licensing boards/associations towards continuing education credits. Please check with your licensing board to determine if the courses and certificate of attendance meet their specific criteria.