£2,950

Upstream Oil and Gas Development Lifecycle Costing: Bali

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Location

Location

The Royal Beach Seminyak Bali - MGallery

Seminyak, Beach, Kuta

Seminyak Beach

Badung Regency, Bali 80361

Indonesia

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Event description
This course provides an overview the lifecycle of oil and gas projects including the stages of development.

About this Event

Course overview

This course provides an overview the lifecycle of oil and gas projects including the stages of development from rank exploration to production and the associated costs involved at each stage of the development. We will explore the information available at each stage and the impact the accuracy of the cost estimates. We will explore how the investment profile is developed and how costs are built with information that may be incomplete or non-existent for the use in exploration economics which allows decisions to be made as to whether to explore a potential prospect and development economics which allows decisions to be made as to whether to progress through the stages of a development up to and including Final Investment Decision (FID).

An emphasis on the nomenclature and terminology will be clearly defined to demystify the industry.

The course is designed for

  • Professionals who need to understand the costs involved in upstream oil and gas developments
  • Personnel involved in field development planning
  • E&P management
  • Technical support staff
  • Technical staff who want to expand their understanding of the industry

Course outline

The oil and gas Industry

Overview of the oil and gas industry

Onshore

Offshore

Unconventionals

Project lifecycle

What is the lifecycle

Project stages

Exploration

Appraisal

Development

Production

Abandonment

Cost Estimating

Estimating methodology overview

Cost fluctuations and forecasting

Types of estimating

Cost estimate levels

Cost accuracy

Cost Estimate Components

Exploration and appraisal

Drillex

Capex – Facilities

Opex – Production

Abex

Project & Owner's costs

Contingency

Operator's Reserve

Field Development Planning

Field development plan

Lifecycle costing

Scheduling

Investment profiles

Economics

Exploration Economics

Development Economics

Industry Software

Discussion on industry standard software

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Date and Time

Location

The Royal Beach Seminyak Bali - MGallery

Seminyak, Beach, Kuta

Seminyak Beach

Badung Regency, Bali 80361

Indonesia

View Map

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