• Class and Course

    Introduction to Management of Exploration and Production business with OilSim

    This course will provide participants with the knowledge and understanding of the entire oil company decision-making process from initial new country entry strategy through field abandonment.  It will cover the technical and business challenges, as well as the interactions with fiscal and government bodies.  This course will include the decision making process in various aspects from exploration to production, as well as typical business and economics framework of oil companies.

    Relevant industry case studies and success stories will be reviewed throughout the course.  The participants will gain an understanding of asset management throughout the lifecycle, which will be reinforced using oil and gas challenges, practiced via computer simulation. 

    Day 1

    • Portfolio Strategy
      • Strategic drivers and analysis
      • External factors affecting Asset Strategy
      • Internal factors affecting Asset Strategy, including Stakeholders
      • Tests of strategy
    • Managing Asset Value
      • From strategy to asset value
      • Legal Framework
      • Stakeholders and partners' engagement
      • Internal factors influencing asset value

    Day 2

    • Portfolio Management
      • Growth business models
      • Planning Techniques
      • OilSim business simulation - Introduction and Sedimentary basins
    • Fiscal Regimes
      • Royalties and Taxes
      • Production Sharing Agreements
      • Contractual Systems - Service Contracts 
    • OilSim business simulation - Petroleum System and Oil and Gas Prospecting

    Day 3

    • Upstream Petroleum Economics
      • Project Evaluation
      • Expected Monetary Value
      • Expected Net Present Value
      • Decision Making, including decision trees
    • OilSim Business Simulations - License Round and Corporate Social Responsibility
      • Exploration
      • Exploration Workflow and Risks
      • Features and Process of an Oil and gas Licensing round from Prospecting to Award
      • Exploration strategies
    • OilSim Business Simulation - Partnerships

    Day 4

    • Drilling
      • Drilling Process and the Community
      • Locations, configurations and well design
      • Costs and Authorization For Expenditure
      • Contractor negotiation 
    • OilSim Business Simulation - Exploration and Appraisal Drilling
    • Field Appraisal
      • Reservoir Appraisal
      • Classification of petroleum resources and reserves
    • Field Development
      • Development Concepts and the stages of Concept Maturity
      • Appraisal Strategies, and the Value of information and reduction of uncertainty
    • OilSim Business Simulation - Depletion and Facilities planning

    Day 5

    • Facilities
      • Facility Types
      • Facilities Design
    • Construction of Projects
      • Construction Processes and Activities
      • Procurement
    • OilSim Business Simulation - Construction 
    • Production and Maximizing Value
      • Production challenges and Costs
      • Monitoring and Abandonment of Assets
      • Abandonment of Assets

    Anyone who desires an increased understanding of the management of upstream oil and gas assets, including strategic and portfolio management processes and decisions.

    • Portfolio Strategies
    • Maximizing Asset Value
    • Portfolio Management
    • Fiscal Regimes
    • Upstream Petroleum Economics
    • Exploration and drilling
    • Field Appraisal
    • Field Development
    • Construction of projects
    • Production Management

    A background, degree or experience in the geosciences, engineering or a financial area (finance, accounting, etc.) is preferred but not necessary.

    Currently there are no scheduled classes for this course.

    Click below to be alerted when scheduled

    Set a training goal, and easily track your progress

    Customize your own learning journey and track your progress when you start using a defined learning path.

    In just few simple steps, you can customize your own learning journey in the discipline of your interest based on your immediate, intermediate and transitional goals. Once done, you can save it in NExTpert, the digital learning ecosystem, and track your progress.
    © 2024 SLB Limited. All rights reserved.