Enhance your understanding of the whole petroleum exploration and production value chain from geoscientific, engineering, and economical perspective.

What will you learn?

On completion of this course, participants are expected to be able to:

• Explain the overall oil and gas exploration, development, and production process
• Interpret geophysical, geological, and engineering data used in exploration, development and production
• Assess the economic viability of reservoirs. Know elements reservoir depletion, including secondary recovery issues
• Compare and evaluate different field development designs
• Create field development project plans and understand the practical implications when implementing the plans
• Know the implications of different decisions in the operations phase

Who should participate?

Anyone working in or around the oil and gas industry and who needs to have an overall understanding of upstream value chain.

Content

Participants are grouped in teams and each team acts as a virtual petroleum company in the business simulation OilSim. The team challenge is to explore and discover oil and gas, then create and implement a plan for developing the field, and finally operating it until it is abandonned. An experienced OilSim facilitator guides the participants through the process.

Challenge 1 Initial Screening

Your challenge is to identify the sedimentary basins using gravimetric and magnetic surveys. More details about challenge 1 in OilSim

Challenge 2 Prospecting

Your challenge is to find the best acreage and win the bid in competition with the other teams. You study environmental surveys, regional geological maps, 2D seismic surveys and topographic maps and decide on a bidding strategy with you team. More details about challenge 2 in OilSim

Challenge 3 Exploration Drilling

Your challenge is to find out if the block you operate contains oil and/or gas in commercial quantities. You negotiate with other teams to share the risk. You study 3D seismic surveys, you do an environmental impact assessment, you contract drilling rigs and service providers, you make a budget, and study the results from drilling. More details about challenge 3 in OilSim

Challenge 4 Depletion Plan

Your challenge is to make plans to deplete the reservoirs using injection and production wells. You study the reservoir characteristics, nodal analysis, and production profiles to make optimal well plans. More details about challenge 4 in OilSim

Challenge 5 Facilities Plan

Your challenge is to choose and dimension the facilities and equipment needed to process and transport the oil and gas from the reservoirs. You study metrological surveys, production platforms, pipelines, and flow-lines. More details about challenge 5 in OilSim

Challenge 6 Construction Project

Your challenge is to plan and then execute the construction of the asset. You study activity network diagrams, providers, local content. More details about challenge 6 in OilSim

Challenge 7 Production

Your challenge is to manage the production of the oil and gas for the lifetime of the asset. You study changes in reservoir, operations, and markets, and make strategic decisions to maximize reservoir recovery rate, operational stability, and asset value. More details about challenge 7 in OilSim