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E-504 - Production Accounting & Material Balance Sheet

  • Managers, engineers, non-technical staff involved in production reporting or material-balance handling (assessing fee, value created, etc.).
  • This course provides the fundamental knowledge for understanding production balance, linking relevant operations and production figures which impact issues such as transfer fee, exchange between fields, field use, …
Learning Objectives
  • Upon completion of the course, participants will be able to:
  • establish production balance from basic data (well tests, process measurements, fiscal data),
  • explain performance monitoring mechanisms and production reporting tools,
  • assess impact of field operations on material balances,
  • describe accounting and back allocation rules specific to process or production mode.
  • No prerequisites for this course.
Ways and means
  • Highly interactive and applied course by industry specialist lecturers.
  • Numerous illustrations and cases studies.

The production chain from the reservoir to the export point 0.5 day
  • Field operations mapping.
  • Nature and characteristics of fluids accounted for.
  • Field processing of well effluent: surface facilities.
  • BFD studies.
Measures & metering systems along the chain 0.5 day
  • Well measurements and production tests.
  • Metering systems and their location in the plant:
  • Technology, accuracy, calibration.
  • “Filter” concept of a metering system.
  • Process metering.
  • Transactional metering.
  • Tank gauging.
Liquid & gas balances 1.25 days
  • Production accounting rules.
  • PFD studies of Oil & Gas treatment units.
  • Liquid balances: Oil balance, Condensate balance, LPG balance, Water balance.
  • Gas balances: Dry gas and Wet gas field cases.
  • Case studies:
  • Study of oil and condensate balances.
  • Reconstruction of a natural gas and associated gas balance (Oil & Gas cap ring).
Performance monitoring & production reporting 0.25 day
Case study & production balances reconstruction: back allocation, satellite fields, main production centers 0.5 day