This course will include the presentation of various reserve estimating methodologies, to include the difference between resources and reserves. The classifications and definitions of these reserves and resources, along with a guideline for the application of these definitions will be covered. PRMS, SPE, WPC, AAPG, SEC, and other regulatory authority guidelines will be discussed.
The course will update G&G and reservoir engineers with the newest and most accurate methods for obtaining the value of a reserve. Following the completion of this course, all participants should be able to manage deterministic and probabilistic methods, with the aim of gaining a thorough understanding of various reserve levels and their equivalence in both systems.
During this course participants will learn about the pitfalls and challenges faced during the contract negotiations for access to oil and gas resources.
Using petroleum industry case studies and realistic examples participants will receive a broad-based practical introduction to managing oil and gas exploration, as well as development and production contracts. Participants will work individually and in teams to tackle a variety of industry challenges.
Participants will learn how to take hydrocarbon volumes and risks and apply a structured decision analysis process to them. The portfolio optimization process will also be discussed in order to help participants understand how to select the “best” exploration projects.
The comparison of exploration projects under different fiscal regimes will be presented by incorporating discounted cash flow and net present value. The basics of decision analysis for exploration will be reviewed using sensitivities, decision trees, expected monetary value, and the value of information.
This introductory level course will provide participants with a comprehensive overview of international accounting and financial practices in the upstream oil and gas industry. Course participants will be introduced to financial issues that are unique to the upstream industry and their accounting treatment.
Participants will learn about joint ventures including what they are, why they are used, and the accounting implications that arise when a person is involved in a joint venture.
The final part of the course will be a thorough and comprehensive review of the types of costs that occur in the various stages of an upstream project and how these costs should be managed and controlled
This course explains how risks and volumes can be assessed in a realistic manner, based on a sound understanding of the geological details of the prospect as well as of its regional geological setting and current play understanding
This intensive five-day course will deal with all aspects of project management in greenfield and brownfield environments. It will combine a review of theory and practice of key skills in a program to develop and improve the participant’s performance in a project management team where the work scope may include capital, operations, and maintenance projects. The workshop will include more detailed sessions on individual VIPs, depending on the solution to the case study that is developed by the teams. The stage gates will use simplified versions of Decision Support Packages to assist teams in taking and winning decisions in the simulation of the Capital Value Process.
The workshop style delivery will include review lectures focused to support the development of estimates, plans, and risk analysis of the case study project. The workshop will provide significant guidance to teams through the use of the Project Management Best Practice.
This course teaches you the use and limitations of a variety of production logging tools including spinner, temperature, noise, fluid injections and others tools. You will learn what results these tools yield, the interpretation assumptions that are integral to their designs, and how quality is affected by the acquisition process. You will also learn the fundamentals of production log interpretation with hands-on examples and an in-class workshop on interpreting single and two phase flow using production logs. You will learn how production logs can be used for the measurement of 3 phase fluid flow.
This course will present the methods for obtaining values of reservoir fluid properties from laboratory data and correlations. Chemical properties of hydrocarbons, conventional laboratory PVT (Pressure-Volume-Temperature) tests and quality control will also be covered. Participants will learn about phase diagrams, mixing rules, EOS, EOS tuning, and fluid properties while attending this course. Each day participants will be given examples and problems to solve.
This course will help participants gain a better understanding of the relationship between the five reservoir fluids and how to manage problem concerning reservoir fluid properties with increased confidence.
This is an applied course on how to use capillary pressure data to help the user understand what is controlling the fluid distribution, the importance of pore geometry and why water saturation is not an accident.
Case studies and workshops on bi-modal carbonates are used to show the challenges associated with interpretating fluid distributions. To understand many carbonates it is necessary to examine capillary pressure, HPMI, lab NMR, thin-sections and SEM images.
Both clastics and carbonate examples and core-log integration workshops are used show how simple saturation height models can be applied in fields to study many parameters as fluid contacts, hydro-carbon column height and help you determine the dominant hyrdocarbon-water contact.
A large number of workshops are used in this course so the participants can gain a hands-on experience for interpreting capillary pressure data.
This course will focus on the different types of tests and techniques, both analytical and graphical, for data representation and analysis of well tests. Types of techniques covered will include diagnostic plots-derivative for draw down, and buildup tests. Participants will learn about the interpretation of complex data, such as those from well test in naturally fractured reservoirs, hydraulically fractured wells, horizontal wells, along with gas and gas condensate reservoirs. Each day participants will see examples of the types and techniques discussed along with practice problems.