• Class and Course

    Field Development Planning Toolbox

    This course is aimed at broadly pulling together the work of the all the technical specialists involved in oil/gas field development, both subsurface and surface, to realize the full value of a truly integrated Field Development Plan.  

    For a further drill down into these course subjects, to provide more in depth training, please consider the 13 day course - MA-TC2-EPT178470 which is at a Skill level, rather than foundation.

    Day 1 - Opportunity Framing

    To align a project team at the start of a development, and make sure that team members, decision makers and stakeholders have the same understanding of the aim, constraints and options for the project. Deliverables are:

    • Opportunity Statement
    • Value Drivers
    • Stakeholders
    • Risks and Opportunities
    • Roadmap

    Day 2 - Risks and Quality

    Risk Assessment and Management

    To learn how to manage risks and opportunities during all phases of the opportunity lifecycle. 

    Deliverables are:

    • Risk Assessment
    • Risk Register
    • Risk Management Process
    • Updating the Risk Assessment during the project lifecycle


    Technical Assurance and Quality Control

    To ensure project team staff are qualified for the work they do and that all work is checked to prevent mistakes. Deliverables are:

    Deliverables are:

    • Write/Check/Approve
    • Quality Plan
    • Individual Competence
    • Technical Authority Levels
    • Ensuring Quality of Key Deliverables

    Day 3 - Concept Identification and Contract Strategy

    Concept Identification

    To ensure that all possible technical concepts are identified, to show the range of outcomes for a range of subsurface uncertainties and determine feasibility of the project. 

    Deliverables are:

    • Subsurface uncertainties
    • Uncertainty range and realizations
    • Surface decisions
    • Decision options
    • Screening criteria
    • Feasibility


    Contracting Strategy:

    To determine what project scope will be contracted out, how the contracts will be bundled, the project management organization and the management of contract interfaces. Deliverables are:

    • Activity matrix for the project
    • Alternative strategies and SWOT analysis
    • Proposed strategy, management and interfaces
    • List of contracts to be tendered and their value

    Day 4 - Cost Estimation and Economics

    To build an estimate of the project costs, understand the range of cost uncertainty, and screen and rank the project economics against company financial targets. 

    Deliverables and input are:

    • Cost Data required
    • Cost Estimate buildup
    • Contingency, accuracy band, project management
    • Economic indicators: NPV, Payback, Cash Sink
    • Screening against company targets
    • Ranking in Portfolio
    • Robustness against uncertainties

    Day 5 - Concept Selection and Contract Tactics

    Concept Selection

    To compare a shortlist of concepts, select the preferred concept and assess the robustness of the preferred concept in the face of the remaining subsurface uncertainties. 

    Deliverables are:

    • Decision Criteria
    • Decision Quality for each Key Decision
    • The Preferred Concept
    • ‘What if’ analysis for remaining uncertainties
    • List of supporting decisions for later


    Contract Tactics

    To review the contracting market capabilities, both local and overseas, and decide how to tender, award, reimburse, and manage each contract scope. 

    Deliverables are:

    • Market Analysis
    • Contractor/Client view of each scope
    • Tender Tactics for each contract
    • Payment Schedule and Incentives
    • Local Content
    • Contracting Activity Plan

    It is assumed that each participant (geologist, reservoir engineer, well engineer, facilities engineer, cost engineer etc.) works in a Field Development project team and wants to learn how to work more effectively in a team. 

    The course is therefore of interest to all disciplines. 

    Experience shows that the courses work much better with a mix of discipline staff in the room.

    • Opportunity Framing
    • Risks and Quality
    • Concept Identification and Contract Strategy
    • Cost Estimation and Economics
    • Concept Selection and Contract Tactics

    Participants are experts in their own fields, e.g. geologist, reservoir engineer, well engineer, facilities engineer, cost engineer etc..

    Currently there are no scheduled classes for this course.

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