What are the Goals?
By the end of this training course, participants will be able to:
- Reduce the production cost per barrel to maintain profitability without affecting the production
- Reduce development costs that have been planned without affecting the objectives
- Introduce Technological Innovations and Operational Improvements in a systemic way to fast track field implementation
- Elaborate ideas leading to specific improvements in their workplaces
- Improve the existing programs to reduce OPEX and CAPEX by applying procedures, best practices and examples
Who is this Training Course for?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Petroleum engineers, & reservoir engineers, production engineers, facilities engineers, drilling and completion engineers
- Managers, supervisors and government officials
- As well as anyone involved or interested in Reducing OPEX and CAPEX and increasing the production in a cost effective manner
Day One: Introduction Oil Field Business Management
Competency Description: This module is intended to develop oil field business management skills to support production operations.
Key behaviours:
- Appreciate the role of advanced business management to oil filed management
- Understand the scope and structure of crude oil markets
- Recognise the features that are responsible for today’s low oil and gas prices
- Understand how to quantify and interpret statistical oil and gas data
Topics to be covered:
- Advanced Business Management applied to Oil Fields
- The Total Cost of producing the Barrel of Oil
- Historical Price Development - Prior Low Oil Price Scenarios
- Features of the Current Low Oil Price Scenario and its Impact
- Demand Versus Offer Global Outlook
Day Two: Oil Field Process Improvements
Competency Description: This module is intended to provide an understanding of the energy efficiency drivers in the oil field business.
Key behaviours:
- Distinguish between variations in oil field processing
- Appreciate the role of sustainability and profit improvement
- Recognise opportunities for process improvements
- Develop competencies for ranking cost elements in the oil and gas industry
Topics to be covered:
- The Process in the Oil Fields – Surface and Down Hole Activities
- Where do Process Improvements come from?
- Ways to identify Process Improvements inside the Organization
- Ranking of the common top Cost Element in the Oil Fields
- The Sustainable and Profitable Approach – Not all is about New Well drilling
Day Three: Innovations and New Technologies in Oil and Natural Gas
Competency Description: This module provides an awareness of new technologies in oil field production operations.
Key behaviours:
- Be able to grasp opportunities to reduce OPEX and CAPEX
- Appreciate scenarios for implementing innovations in Surface & Sub-Surface Technologies
- Understand the scope and structure of successful oil fields
- Recognise situations of what could go wrong
Topics to be covered:
- OPEX & CAPEX Reduction Opportunity Identification - Surface & Sub-Surface
- Effective Implementation of Innovations and New Technology
- Examples of Successful Field Cases
- What could go wrong?
- Selling the Idea – Specific Procedures and Templates
Day Four: Oil and Gas Supply Chain Management
Competency Description: This module will help participants develop oil and natural gas Supply Chain Management SCM skills.
Key behaviours:
- Learn from a variety of example case studies in new field developments
- Understand how heavy and extra heavy oil fields can be extracted
- Develop skills in international issues of the oil and gas supply chain
- Be able to interpret data in tendering techniques
Topics to be covered:
- Examples Case of New Developed Fields
- Examples Case of Mature Developed Fields
- Examples of Heavy and Extra Heavy Oil Fields
- Advanced Tendering Techniques and SCM Best Practices
- International Issues in the Supply Chain
Day Five: Energy Derivatives
This module is intended to develop an appreciation of oil and gas markets including the vast business field of derivative markets.
- Learn the terminology and use of derivatives.
- Understand the workings of international crude oil trading
- Develop skills in oil and gas hedging techniques
- Use available resources to improve energy efficiency
Topics to be covered:
- Introduction to Energy Commodities and Markets
- Adding Value to Crude oil and Natural Gas
- Cost Effective Oil Production Improvements
- Energy Efficiency and Power Saving