N447 Workflows for Developing In-Field Opportunities
N447 Workflows for Developing In-Field Opportunities
This course outlines a workflow based approach to creating value in existing oil and gas fields based on considering the overall recovery factor, breaking it down into discrete efficiency factors and then for each of these analysing why the current development is not delivering 100%. This is a tried and tested approach, although not widely adopted, and offers a fundamentally different viewpoint on how to describe and prioritise potential value-adding activities (‘opportunities’) that may be progressed into financially approved projects. The workflows described in this course lead to deep insights on what recovery levers should be targeted and what will be required to achieve optimum economic recovery.
This is a three-day classroom-based course with lectures supported and illustrated by worked examples, case studies and hands-on exercises. The course includes many practical applications and group exercises to develop understanding.
Participants will learn to:
Moving value-creating opportunities from the concept stage to financially approved projects is a key process in managing existing oil and gas fields. To make sound decisions in this area we need to define the technology, cost and organizational requirements and shape a coherent strategy that delivers value.
This course centers on discretizing the oil or gas recovery factor into various efficiency factors and then examining whether the current development is delivering optimally for each factor; thus identified potential prizes as opportunities for the field development. The opportunities are described and categorized systematically, so that they can be compared with each other and prioritized effectively. The opportunities are then reality-checked by benchmarking the anticipated increased recovery factor against analogous reservoirs.
The course is structured as follows:
• Introduction – High-level description of the process
• What is resource progression and why it is important
• The key elements of resource progression: opportunity screening, identification, description, categorization, verification, prioritization; creation of an opportunity progression strategy and identifying and implementing key actions
• Discovery of the barriers to implementation in the realms of technology, costs and organisation
• A technical, commercial and organisational framework to prioritise opportunities
• Breaking recovery factor into efficiency factors
• Generic types of activities and how they impact the efficiency factors
• Understanding the reservoir depletion plan: describing the “Base” plan
• Tools to pre-screen opportunities including EOR screening
• Screening exercise: Introduce a field case study, use a simple screening tool to establish potential EOR opportunities; Opportunity Identification, description and prioritisation
• Examples of how various companies tackle the issue
• Describe the structure of a opportunity prioritisation review
• Identify and describe opportunities in oil field case study
• How to deal with gas fields
• Simple petroleum economic tools for evaluation
• Verifying opportunities using performance benchmarking
• Building a coherent strategy that leads to action
• Resource Progression Exercise – prioritize opportunities with spreadsheet software to aid discovery of the optimum outcome
• Summary, group discussion, feedback and synthesis.
The course is designed for petroleum, reservoir and drilling engineers, geoscientists working in multidiscipline teams as well as those managing across this broad spectrum of disciplines.
There are no formal prerequisites for the class. However, participants are expected to have a basic understanding of petroleum economics and field development practices. There are a selection of courses that relate to this course including N412 (A Critical Guide to Reservoir Appraisal), N401 (Applied Field Development Planning), N995 (Managing Uncertainty and Risk in Appraisal and Development), N952 (Resource Assessment and Assurance), N954 (Advanced Recovery Methods).
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Pete trained as a reservoir engineer and researcher firstly at the UK government research Institute of Hydrology Oxford, before joining BP’s research team to lead the development of novel modelling methods; building the first stochastic models to describe multi-phase fluid-flow in reservoir rocks. Moving into BP operational activities was responsible for creating the processes for managing the uncertainty in value and reserves in new field developments that became the BP standard approach.
Assignments with BP included lead engineer on Dukhan, Arab C Reservoir, Qatar; the appraisal and financial sanction of the Harding, Andrew, Foinaven and Schiehalion fields in the UKCS and managing the operated production in the Gulf of Mexico. Pete was also the founding director of the BP Institute at Cambridge University concerned with fundamental research in fluid-flow and was responsible for building their environmental technology across the BP group as Technology Vice President.
Pete helped establish the new Engineering University in Trinidad & Tobago as Associate Provost (R&D) and Professor of Petroleum Engineering between 2004 and 2008. On return to the UK, Pete became Principal Advisor in Reservoir Engineering at RPS Energy leading company reserve audits. In 2010 Pete led the Upstream Risk Management advisory activity and in 2011 became Chief Reservoir Engineer. In 2018 Pete left RPS Energy to form his own company, ReganSmith Associates, that provides training courses and consultancy to the Oil and Gas Industry.
Affiliations and Accreditation
MSc Differential Equations
PhD Earth Sciences
C Eng. FEI Chartered Petroleum Engineer
N401: Applied Development Planning
N412: A Critical Guide to Reservoir Appraisal and Development
N447: The Identification and Prioritisation of Opportunities for Effective Resource Progression
N952: Resource Assessment and Assurance
N954: Practical Approaches to Increased Recovery
N963: Fluid Flow Mechanisms - Observations of Rocks at Outcrop and Implications to Reservoir Engineering (SW Ireland)
N995: Managing Uncertainty and Risk in Appraisal and Development
R001: Oil and Gas Essentials
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