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E&P Project Operating Expenses Optimization

PCTR/OPEXGB
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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.
Audience :
  • 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

      • Improved maintenance for fewer process upsets and high availability.
      • Improved quality and productivity.
      • Improved alert capabilities for better operation.
      • Improved 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.