Oil & Gas Training
and Competency Development

Location Kuala Lumpur, Malaysia
Start05 Oct 2020
End09 Oct 2020
Discipline Drilling Engineering ,
Health, Safety and Environment
Duration5 Days
CostUSD 4,800.00
Delivery Mechanism Classroom

Client Testimonials

The instructor was extremely knowledgeable. I appreciate the experience shared with us.
The personal stories were really good and also the groups assignment that allowed me to work with the senior guys in the program.
Expertise of the instructor was evident during the course.
It was a very clear, precise order of how we moved through the topics. What we wanted to learn was taught. NExT tailored the course specifically to what we all wanted.
Print Email

Drilling Project and Risk Management

4.3 Average client rating (based on 86 attendee reviews)

During this course participants will learn project and risk management principles and how to apply these principles during drilling operation management.  Attendees will experience a holistic, multi-disciplinary, and integrated management course that will involve operations, personnel, administration, finance, and legal functions.  The main goal of this course will be to teach participants how to apply the critical project and risk management concepts that are required to run drilling projects in a safe, efficient, cost-effective, and environmentally-friendly manner.  

Participant will have the opportunity to learn about project planning and design, contract models, drilling program and planning software.  Other topics that will be covered include tendering and contracting strategy, project finance and administration, supply chain management, and project closeouts.  HSEQ management systems, risk management processes, levels of risk management, and operational risk management and analysis will also be covered.

By the end of the course, participants should be familiar with the key issues and principles associated with drilling projects and risk management, as well as how to apply those learned skills.  Participants will also learn how to integrate these principles in the asset or project teams to optimize the management of the drilling project and manage identified risks in order to increase the value of a project.

  • Agenda
  • Audience
  • Prerequisites
  • Location
  • Agenda

    Day 1

    Drilling Project and Risk Management

    • Overview of drilling project and risk management
    • Cost vs Value
    • Contract models
    • Project planning and design

    On the first day, while learning about drilling project and risk management concepts, participants will discover the difference between cost and value, as well as the different styles and uses of contract forms. The day will conclude with important aspects of project planning and design for the well planner.

    Day 2

    Drilling Software and Programming

    • Planning software
    • Drilling programming and analysis
    • Tendering and contracting strategy
    • Project finance and administration      

    The second day of this course will focus on drilling software and programming.  Participants will learn the use of planning software, the importance of drilling programming and analysis, as well as tendering and contracting strategy.  Project finance and administration and how it affects the value and cost of projects will also be discussed. 

    Day 3

    Supply Chain Management and Reporting Systems

    • Supply chain management
    • Reporting systems
    • Communications and knowledge management
    • Project closeout

    On the third day, participants will learn the function and importance of supply chain management and reporting systems.  Elements of and types of communications and knowledge management are discussed so that their importance in project management can be well appreciated. Finally the elements and purpose of project closeout will be covered.                

    Day 4


    • Management systems
    • HSEQ management systems
    • Introduction to risk management

    The focus of day four will be management and concepts of risk.  Different styles and types of management systems, their functions and use will be covered this day. These management systems will include both the project, as well as important subsystems such as HSEQ. The concept of risk, how it is characterized and an introduction to how it is managed will finish the day.

    Day 5

    Risk Management

    • Risk management process
    • Levels of risk management
    • Operational risk assessments

    The last day of this course will tie together the elements covered in this course so participants will better understand how to identify, quantify, and manage risk. This will include the administration, operational, and management aspects of risk.  Participants will be able to better understand how risk management is integrated into project management and apply this knowledge to their job.

  • Audience

    The course will be most beneficial to drilling managers, general managers, asset managers, project managers, finance managers, and project controllers with direct responsibility for, or involvement in, the management of resources with on-going or planned drilling operations.  It is also be suitable for experienced drilling engineers, drilling superintendents and drilling supervisors.

  • Prerequisites

    Participants should have basic drilling engineering and well planning experience. Additional experience with drilling operations will be helpful and will enable participants to better understand some of the consequences faced from hazards encountered in drilling activities.

  • Prerequisites

  • Location

    Kuala Lumpur

    Kuala Lumpur is the capital and largest city of Malaysia.

    Beginning in the 1990s, the city has played host to many international sporting, political and cultural events including the 1998 Commonwealth Games and the Formula One World Championship. In addition, Kuala Lumpur is home to the tallest twin buildings in the world, the Petronas Twin Towers.

    Protected by the Titiwangsa Mountains in the east and Indonesia's Sumatra Island in the west, Kuala Lumpur has a tropical rainforest climate which is warm and sunny, along with abundant rainfall, especially during the northeast monsoon season from October to March.

    The major tourist destinations in Kuala Lumpur include the Dataran Merdeka (the Independence Square), the House of Parliament, the Istana Budaya, the Istana Negara (National Palace), the Kuala Lumpur Tower, the Muzium Negara (National Museum), the Putra World Trade Centre, the Tugu Negara (National Monument) and mosques such as the Masjid Jamek, the Masjid Negara (National Mosque) and the Federal Territory Mosque.

    Other tourist attractions include the Aquaria KLCC, the Batu Caves, the Makam Pahlawan (National Mausoleum), the National Science Centre, Petaling Street, the Royal Selangor Pewter Visitor Centre, the Zoo Negara (National Zoo), and events such as Malay cultural centres, the Chinese cultural festivals at the Thean Hou Temple and the Thaipusam procession at the Sri Mahamariamman Temple. The Golden Triangle, the commercial hub of the city, contains the Petronas Twin Towers and has a distinctive nightlife. Trendy nightclubs, bars and lounges, such as the Beach Club, Espanda, the Hakka Republic Wine Bar & Restaurant, Hard Rock Cafe, the Luna Bar, Nuovo, Rum Jungle, the Thai Club, Zouk, and many others are located within and around Jalan P. Ramlee, Jalan Sultan Ismail and Jalan Ampang.

    Hotels, from five-star to budget types, have cropped up everywhere to accommodate the influx of tourists each year. There are many hotels near Kuala Lumpur's entertainment and business districts.

    Kuala Lumpur alone has 66 shopping malls and it is the retail and fashion hub for Malaysia. Suria KLCC is one of Malaysia's premier shopping destinations due to its location beneath the Petronas Twin Towers.

    Kuala Lumpur Sky Line

    The Perdana Lake Gardens near the Malaysian Parliament building includes a Butterfly Park, Deer Park, Orchid Garden, Hibiscus Garden and Kuala Lumpur Bird Park, Southeast Asia's largest bird park.

    There are three forest reserves within the city namely the Bukit Nanas Forest Reserve in the city centre, the oldest gazetted forest reserve in the country, Bukit Sungai Putih Forest Reserve and Bukit Sungai Besi Forest Reserve. Bukit Nanas, in the heart of the city centre, is one of the oldest virgin forests in the world within a city. These residual forest areas are home to a number of fauna species particularly monkeys, tree shrews, squirrels and birds.

    Kuala Lumpur is a hub for cultural activities and events in Malaysia. Among the centres is the National Museum which is situated along the Mahameru Highway. Its collection comprises artifacts and paintings collected throughout the country. Kuala Lumpur also has an Islamic Arts Museum which houses more than seven thousand Islamic artefacts including rare exhibits as well as a library of Islamic art books. However, the museum's collection not only concentrate on works from the Middle East, the museum also puts the emphasis on Asia, with China and Southeast Asia especially well represented. This museum features some impressively decorated domes and large open exhibition spaces. It is located at Jalan Lembah Perdana next to the National Mosque.

    Kuala Lumpur is one of the host cities for the Formula One World Championship, the open-wheel auto racing A1 Grand Prix and the Motorcycle Grand Prix with races being held at Sepang International Circuit in the neighbouring state of Selangor, next to the Kuala Lumpur International Airport.

    From Wikitravel licensed under Creative Commons Attribution-ShareAlike 3.0

    • Timezone : GMT+08:00, Singapore (Singapore)
Filter upcoming courses by Country

Upcoming Courses
Bali, Indonesia June 15 - 19, 2020 Bangkok, Thailand July 13 - 17, 2020 Bandung, Indonesia August 24 - 28, 2020 Dubai, United Arab Emirates October 04 - 08, 2020 Pau, France October 05 - 09, 2020 Kuala Lumpur, Malaysia October 05 - 09, 2020 Bandung, Indonesia November 16 - 20, 2020
NExT Technical Forum:
Continue your in-class discussion and questions in an online community