Introduction to the E&P Business
Who should attend:
New technical staff and administrative staff in the oil & gas business. Staff in organizations working with the oil industry (investment banks, service industry).
Overview:
New and administrative staff in the oil & gas business, or staff in organizations working with the oil industry, often has insufficient understanding of the "upstream" part of the business. This course provides a full overview of exploration for hydrocarbons, field development and operations, processing and transportation of oil and gas. The history of the business, project economics and global and political issues are also discussed.
Content:
This course will cover the following:
- History of the oil industry, current issues.
- Geological concepts, global distribution of hydrocarbons, nature and geometry of hydrocarbon reservoirs.
- Methods and tools used for hydrocarbon exploration, including drilling.
- Field appraisal and static models of reservoirs.
- Assessing amounts of hydrocarbons-in-place and its uncertainties.
- Dynamic models and subsurface development options, surface engineering and field operations
- Project economics
- Environmental issues.
Learning, methods and tools:
At the end of the course participants will have a good but general understanding of the 'upstream' oil and gas industry: how hydrocarbons are found, developed, produced and treated prior to sales. Participants will work in teams on an actual field case, and will go through all steps that lead to a field development plan, including an economic assessment.
Course design options:
Depending on the participants and learning objectives, the course may be run as a three day short event.
Alternatively, for new technical staff, the course can be extended to a basic technical E&P introduction module of two to three weeks, in which case it will be run by two trainers. At least three months notice is required for this version.
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