Overview

Petroleum Industry Overview - OVP

 About the Course

 From the perspective of the Asset Life Cycle, OVP provides an overview of the petroleum industry. The Exploration, Appraisal, Development, and Production phases will be explained to the participants, with a focus on the actions they may directly do throughout each phase to assist value development. A wide range of upstream business acumen spanning economic, business, geological, and engineering themes will be presented through lecture, multimedia, and interactive tasks in class. All forms of resource plays, including deepwater, shale oil/gas, and improved oil recovery technologies, will be discussed.

 "The information is very up to date." - Mexico participant

 Loved how we introduced a commercial piece and chemistry fundamentals before moving on to content. Well done! You've got it in balance. - Participant (American)

 Target Audience

 Professionals with a technical or business focus who are either new to the upstream oil and gas sector or have expertise there but could benefit from a broader perspective.

OVP will also provide non-industry people with a comprehensive, fundamental knowledge base on a variety of E&P topics.

Members of the teams in legal, financial, accounting, management, and service companies will undoubtedly profit.

Course Objectives

• The vital role that the sector plays in the global economy, including considerations of price, global reserves, and significant short- and long-term developments in energy.
• Organizations searching for new deposits must have both business and exploration components to succeed. Techniques for assessing risk variables and evaluating new field prospects (Geology, Geophysics, Petrophysics)
• The process of acquiring exploration rights (Land themes, international concessions)
• The fundamental procedure (Drilling, Petrophysics, Testing) for drilling and assessing an exploration well
• Major processes necessary (Reservoir Engineering) to evaluate a novel discovery and determine its commercial viability How to increase the value of a gas or oil field asset
• How reservoir management plans and geology are utilized to direct the development of new fields Important stages in the planning, building, and commissioning of facilities
• To generate an oil or gas field, basic technical and operational processes must be taken (Production Engineering)
• Opportunities to enhance production and optimize older fields

 Course Outlines

• The Origin of E&P Hydrocarbon Business
• Acquisition of exploration/development rights is known as exploration.
• Prospect generation and evaluation during exploration
• Asset characterization and reserve quantification in appraisal Drilling, completion, and facilities for development
• Optimizing recovery techniques for produced assets