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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.)
  • To provide 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
  • To establish production balance from basic data (well tests, process measurements, fiscal data)
  • To explain performance monitoring mechanisms and production reporting tools
  • To assess impact of field operations on material balances
  • To describe accounting and back allocation rules specific to process or production mode
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 and 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 and 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 and gas cap ring)
Performance monitoring and production reporting 0.25 day
Case study & production balances reconstruction: back allocation, satellite fields, main production centers 0.5 day