This course provides an in-depth understanding of fundamentals of field development projects, from geology to hydrocarbons recovery, with a special attention to risks induced by the project’s uncertainties.
Public :
Geoscientists, reservoir engineers, petroleum engineers, asset managers and economists willing to deepen their knowledge in field development project and uncertainties management.
Level :Skilled
Prerequisite :
Basic knowledge in geosciences and reservoir engineering.
Course Content
ECONOMIC EVALUATION OF FIELD DEVELOPMENT PROJECTS
Field development projects decision making process.
Projects economics: methods and criteria.
Oil tax legislation.
Types of petroleum contracts: concession, production sharing.
FIELD DEVELOPMENT PROJECT - CASE STUDY
From discovery to development of an oil field: methodology from a real field case.
Geological context and discovery.
Appraisal phase (field evaluation after each appraisal well):
Evaluation of reservoir properties.
Wells correlation.
Estimation of accumulation.
Development phase:
Setting up various scenarios from identified drive mechanisms.
Estimation of reserves, plateau and production profile.
Surface/subsurface integration.
Economical evaluation of scenarios: CAPEX, OPEX, NPV, IRR, etc.
Field development and uncertainties:
Why quantifying uncertainties in reservoir studies?
Overview of the response surface methodology and experimental design approach.
Identification of the most influential uncertain parameters. Consequences on field evaluation and production forecasts.
Learning Objectives
Upon completion of the course, participants will be able to:
discuss and apply best practices of Oil & Gas fields development projects,
discuss and apply methods and criteria for economic evaluation of development projects,
discuss main concepts and tools of risks and uncertainties assessment, included experimental design and response surface methodology.
Ways & Means
Interactive lectures and exercises.
Field case study with real data set.
To French entities : IFP Training is referenced to DataDock ; 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
IFPT Account
