E&P Project Operating Expenses Optimization

OPEX-EN-P

Who should attend?

  • This course provides an insight on how to manage higher operating costs which invariably arise as production revenues decline but also how to mitigate risks and uncertainties associated with long-term cost forecasting.
Public :
  • Field engineers and operation managers who need to understand how to optimize operating expenses.

Level : Proficiency

Course Content

  • IDENTIFY OPEX SAVINGS

      • Use of an open standard technology. Increased information for better operation, accuracy of measurement and control. Enhancement in control function and the performance. Improved throughput. Online diagnosis enables true preventive maintenance. Improve troubleshooting.
  • INCREASING PLANT AVAILABILITY

      • Faster time-to-profit. Higher sustained production with minimized costs. Safer operation. Fewer unscheduled outages.
  • MANAGING OPERATION & PRODUCTION COSTS

      • Improving maintenance for fewer process upsets and high availability, quality and productivity, alert capabilities for better operation, accuracy of measurement and control.
      • Data access for business intelligence.
  • MANAGING MAINTENANCE COSTS

      • Reducing unnecessary trips to plant. Avoiding failure instead of solve failure. Reducing time to repair.
      • Identification and elimination of root causes. Reducing inventory costs. Centralizing maintenance. Centralizing data management.
  • CONTROL IN THE FIELD

      • Synchronizing data sampling and control. Reducing latency effects in the control chain. Enhancing process integrity. Reducing variability. Tighter loop control.
  • MAXIMIZING ASSETS UTILIZATION

      • Field controllers. Equipment monitoring. Role-based diagnostics.
  • MANAGING MAINTENANCE OPERATIONS

      • Wear reserve. Centralized tooling and configuration data. Audits and data management. Better calibration management.
      • Asset management software. Asset data access.

Learning Objectives

  • Upon completion of this course, participants will be able to:
  • perform analysis of high and critical expense areas,
  • assess gaps between budget and actual costs, planned and actual activities,
  • identify cost performance improvement opportunities.

Ways & Means

  • The course is illustrated by numerous examples.
To French entities : IFP Training is QUALIOPI certified ; you may contact your OPCO about potential funding.
Please contact our disabled persons referent to check the accessibility of this training program : referent.handicap@ifptraining.com.