The digital learning ecosystem An efficient management approach to capability development, delivering smarter teams, improved productivity and better business outcome for the managers.
Bridging industry with academia An immersive and collaborative learning experience event, using OilSim simulator, providing highly relevant industry knowledge and soft skills.
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Digital Technology Courses Understand the impact of digital technologies on E&P business and industry
Upstream learning simulator With more than 50,000 participants instructed in various disciplines, data driven OilSim runs real-world oil and gas business scenarios and technical challenges.
Engaging. Educational. EnjoyableUpstream learning simulator With more than 50,000 participants instructed in various disciplines, data driven OilSim runs real-world oil and gas business scenarios and technical challenges.
Engaging. Educational. EnjoyableBridging industry with academia An immersive and collaborative learning experience event, using OilSim simulator, providing highly relevant industry knowledge and soft skills.
Digital Technology Courses Understand the impact of digital technologies on E&P business and industry
Upstream learning simulator With more than 50,000 participants instructed in various disciplines, data driven OilSim runs real-world oil and gas business scenarios and technical challenges.
Engaging. Educational. EnjoyableUpstream learning simulator With more than 50,000 participants instructed in various disciplines, data driven OilSim runs real-world oil and gas business scenarios and technical challenges.
Engaging. Educational. EnjoyableBridging industry with academia An immersive and collaborative learning experience event, using OilSim simulator, providing highly relevant industry knowledge and soft skills.
This course will enable participants to optimize the chances of success in oil and gas exploration by reviewing the strategic planning and drivers at all stages of the exploration value chain. Participants will experience the entire oil company decision-making process from initial new country entry to the completion of exploration projects.
It will introduce the macroeconomics, fiscal regimes and portfolio management aspects so that participants can approach exploration and field development from a strategic business perspective, being able to develop a set of strategic options and then how to select and implement the appropriate strategy for a given situation.
It will take participants through the stage gates process, covering the business and technical challenges at each stage. It will introduce the basic elements and domains of exploration and field development as well as looking at the stakeholders involved throughout the whole process.
The strategic analysis will include a review of petroleum economics and different metrics that influence decisions at each stage and see how value is created at each decision gate.
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 OilSim.
Day 1 - The world of oil and gas
· Stage gate process
· Strategic drivers and analysis
· Full Risk analysis - Political, Security and Economics
· Introduction to Stakeholders
· Tests of strategy
Day 2 - Creating a strategy
· From strategy to asset value
· Legal Framework
· Stakeholders and partners' engagement
· Technology management
Day 3 – Portfolio management
· Growth business models
· Company structures
· Planning Techniques
· OilSim business simulation - Introduction and Sedimentary basins
Day 4 - Fiscal Regimes
· Royalties and Taxes
· Production Sharing Agreements
· Service Agreements
· OilSim business simulation - Petroleum System and Oil and Gas Prospecting
Day 5 - Petroleum Economics
· Project Economics in upstream value chain
· Project Evaluation
· Expected Monetary Value
· Expected Net Present Value
· Decision Making, including decision trees
Day 6 – Exploration licenses
· Exploration Workflow
· Exploration Risks
· Project Success Criteria
· Features and Process of an Oil and gas Licensing round from Prospecting to Award
· OilSim Business Simulations - License Round and Corporate Social Responsibility
Day 7 – Exploration strategies
· Exploration strategies
· Project comparison as part of Portfolio Management
. OilSim Business Simulation – PartnershipsDay 8: Exploration Drilling
· Drilling Process
· Locations and configurations
· Drilling rigs
· Well Design
· Contractor negotiation
· Authorization For Expenditure
· OilSim Business Simulation - Exploration and Appraisal Drilling
Day 9 - Field Appraisal and Development
· Reservoir Appraisal
· Development Concepts and the stages of Concept Maturity
· Appraisal Assessment economics
· Value of information and reduction of uncertainty
· Appraisal Strategies
· Classification of petroleum resources and reserves
· OilSim Business Simulation - Depletion and Facilities planning
Day 10 - Construction of Projects
· Construction Activities
· Project Sanction
· Project Management Approach to Construction of Facilities
· Procurement Activities
· Drilling and Completions Functions
· OilSim Business Simulation – Construction
Anyone who desires a knowledge of the general management, strategic thinking and portfolio management of exploration projects.
No prerequisites
Currently there are no scheduled classes for this course.
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