The intention of this course is to provide a comprehensive overview of the steps required to achieve an optimal development plan for marginal fields with reliable lifecycle cost estimates for oil and gas developments. This has gained particular relevance in the current environment of low oil prices.
Delegates will gain an appreciation of the key project drivers and how various disciplines interact to maximise project value and mitigate financial and technical risk.
All areas of field development planning stages are covered, beginning with the basics sub-surface issues through to identifying critical elements of the development which make the particular field ‘marginal’, what is required for project sanction and finally how to execute a successful development.
In addition, a significant emphasis will be placed on evaluating the different development and contracting strategies available to develop a hydrocarbon discovery that is deemed marginal. Various configurations and associated costs for onshore, offshore and subsea facilities and drilling components will be covered, looking at the key drivers to estimating
All personnel within the industry who have an interest in developing marginal oil and gas projects;
Explorationists, geoscientists, reservoir and petroleum engineers, drilling and completion engineers, process and facilities engineers, commercial and finance professionals and managers.
What is a Marginal Field – definition
Factors influencing field economics
- Subsurface factors
- Size of accumulation
- Value of information – how much to spend on appraisal
- Well engineering
- Well and completion types
- Gas and water control (oil wells)
- Surface facilities factors
- Operating parameters – HPHT?
- Fluid composition and contaminants handling
- Associated gas / condensate handling
Economics – Ultimately defines what a marginal field is!
- Screening criteria and economic hurdles
- Fiscal regime (tax, royalties, production sharing, cost recovery, etc.)
- Field life
- Competing projects within the portfolio
- Novel contracting strategies
- Appetite for risk?
- Modified fiscal regime (tax, royalties, production sharing, cost recovery, etc.)
- Costs – Capital and operating
- Field life
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Esanda Engineering Ltd
Esanda is an independent upstream oil and gas consultancy specialising in industry specific training and field development planning services. Our operations are supported by our UK and Australia offices.
Esanda is a specialist training provider serving the global upstream oil and gas industry. Our training providers are practicing industry specialists who develop our in house courses and work with clients to build bespoke training for their staff.
We pride ourselves on being able to bring hundreds of man years of experience to the training sector and the positive feedback we receive from our satisfied clients.
Our courses evolved over 15 years ago with a focus on Field Development Planning, which included a strong emphasis on costing and economic analysis as well as concept selection for our clients. The range of clients includes those involved in Onshore, Offshore, Subsea, GTL, LNG and unconventional developments. This work and client training has allowed us to build strong expertise in these areas with practical and up to date knowledge of the subject areas.
Terms and Conditions: http://www.esandaengineering.com/terms-and-conditions.html