Petroleum - Technical & Commercial Fundamentals

Course Objectives

Note - Date Change for Perth

New Date 1-2 October 2009

Key Learning Outcomes

• Develop an understanding of the methods and technologies applied in the oil and gas industry
• Understand the roles of the many disciplines and stakeholders involved
• Examine the critical success factors of upstream projects from exploration to production
• Appreciate the impact of reservoir uncertainty on concept selection, operations and maintenance
• Gain insights on how the combination of technology and business processes creates value
• Understand the fundamentals of petroleum economic evaluations and profitability indicators
• Appreciate the global challenges facing the industry

What Participants Liked & Learnt

"An excellent overview of the oil and gas industry"
OHS Inspector, NOPSA

" Gaining a holistic view of exploration, development and operation"
Personal Assistant, Nido Petroleum

" The mix of technical and commercial issues"
Deputy Area Manager, Marsh Contractors Australia

" Very knowledgeable, good ‘on the ground’ experience, kept the presentation moving along, very approachable"
Divisional Manager, Aon Risk Services Limited

About the Course

This intensive 2-day course will provide participants with a solid all round grounding in the technologies, concepts, methods and language used in upstream oil and gas projects.

The technical and commercial building blocks of oil and gas projects will be examined, and how a venture progresses from the point of acquiring a license, through exploration, appraisal, concept selection, the development phase, into production, late field life and finally decommissioning.

Participants will learn to appreciate the impact of geological and reservoir uncertainty on concept selection and production management, and how the right combination of technology, business processes and decision making can improve project value.

Towards this end of the program, the critical roles of the many different disciplines and stakeholders involved in upstream projects will be discussed.

The commercial aspects of how oil and gas fields are evaluated and which profitability indicators are used to screen and rank projects will be analysed.

Who Should Attend

• New employees in oil and gas companies who need a solid grounding in exploration and production
• Employees and managers at companies providing services to the petroleum industry
• Those in regulatory entities, Bankers, lawyers, accountants and financial professionals dealing with industry documents 'language'

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