Course Details
Course Outline
10 days course
Global energy context: oil and gas supply and demand
- Global energy and the transition to cleaner fuels
- Main producing regions – globally and locally
- Global supply vs demand – can we deliver?
- The exploration, development, and production value chain – an overview of the asset management cycle
LNG
- The role of LNG
- LNG development, production and liquefaction, includingcase examples and videos
- LNG construction, contracting, shipping, marketing, business models, economics
The petroleum system
- Basins, basin formation and plate tectonics
- Components of oil and gas accumulations – source, seal, reservoir and trap
- Petroleum provinces of the world – geological framework
- Gaining entry: exploration license types and agreements - Production sharing contracts vs. tax and royalty systems
Exploration methods
- Gravity and magnetics
- Seismic – 2D and 3D onshore and offshore
- Oil and gas volumetrics, reserves and risking
- Valuing a prospect – risking, NPV and expected monetary value
Drilling systems and techniques
- Types of drilling rigs – onshore and offshore
- The rotary system – conventional, top drive and rotary steerable
- Drilling fluids, types and functions
- Well planning considerations
- Drilling a well including well control
- Casing and cementing
- Things that can go wrong – stuck pipe, overpressures, lost circulation and kicks
- Mud logging
Reservoir description
- Reservoir rock types
- Depositional environments – the use of outcrop, analogues, well and seismic data
- Structures – faults, folds and fractures • Digenesis and reservoir property modifications
- Reservoir fluids and composition • Drive mechanisms – how does a well flow
- Volumetric estimates and reserves classification
- Well testing and reservoir surveillance – data gathering activities
- Reservoir modelling and simulation
Field appraisal
- Role of appraisal and uncertainty
- More data vs. a more flexible concept
- Appraisal planning
- The value of information
Concept selection and field development planning
- Defining requirements and specifications
- HSE requirements in field development
- From reservoir to surface – well completions and artificial lift
- Basic processing equipment
- The process flow scheme – from well head to refinery
- Facilities options and concepts – onshore/offshore
- Evacuation options
Petroleum economics
- Elements of a project cash flow and commercial indicators
- Discounting
- Production profiles into revenue
- Commercial risks, uncertainties, and opportunities
- Oil vs. gas
- Profitability indicators used for oil and gas projects
- Project screening and ranking
- Economics vs strategies – publicly traded companies vs.national oil and gas companies
Managing production
- Managing the subsurface
- Managing surface facilities and maintenance
- De-bottlenecking
- Managing the external factors
Managing field decline
- Infill drilling
- Workover activities
- Facilities and process integrity issues
- Enhanced oil recovery techniques
- Incremental projects and near field opportunities
Oil Refining
- • Review how crude oil is refined via a short movie
- • Understand the physical separation of crude via fractionation into the main fractions required for market ie. gases, gasoline, diesel, kerosene, and residue/heavy fractions
Decommissioning
- Legislation
- Economic vs. technical lifetime
- Decommissioning funding
- Decommissioning methods
