• Class and Course

    Upstream Business Basics with OilSim VILT

    Understanding the business of oil and gas is essential to support employers and clients. This VILT course is designed around  the OilSim business simulator and provides a unique VILT experience.  The learning outcomes are driven by active immersion, team-based activities and flexible facilitator support.  

    Reflecting real-life decision gates, teams act as virtual petroleum companies where the value chain processes are followed through from geoscientific, engineering and economic perspectives.

    This course provides participants with an integrated overview of oil and gas exploration and field development, including terminologies and business language. During their participations, learners must analyze geophysical, geological, and engineering data to make their own time-critical decisions, with outcomes that affect the performance of their companies in later stage gates. 

    Also, whilst considering the scientific complexities of their challenges, teams must deliberate on the economic viability of their reservoirs and act in a socially responsible way.

    Team work and soft skills are at the core of a company’s success and this course offers a multitude of opportunities for participants to learn and practice their soft skills and behaviors.

    Day 1
    • Challenge 1 Initial Screening Identification of non-environmentally sensitive areas within sedimentary basins.
    • Challenge 2 Prospecting Analysis of potential blocks through geoscientific research and strategic selection of licenses in a bidding round.  Completion of corporate social responsibility projects as part of bidding process.
    Day 2
    • Challenge 3 Exploration and Appraisal Drilling Partner with other teams to share risk and opportunities.  Conduct wild cat and appraisal drilling to determine reservoir resources and potential for commercialization of assets.
    Day 3
    • Challenge 4 Depletion Plan Plan optimal reservoir depletion through the creation of individual reservoir well plans. 
    • Challenge 5 Facilities Plan Choose and configure the facilities and equipment needed to process and transport the oil and gas.
    Day 4
    • Challenge 6 Asset construction Plan the asset construction using some basic project management tools.  React to situations that arise during the execution phase to try and remain on time and on budget, resulting in First Oil or Gas.

    This course is suited to anyone who wants an overall understanding of the oil and gas business.  It is suitable for university students, people new to the industry, professionals who support the industry in their daily roles and for domain experts who want to understand other domains along the value chain.

    • Exploration, field development to Production
    • Costs versus risk
    • Global stewardship and Corporate Social Responsibility
    • Health, safety and environment
    • Local content and fiscal constraints
    • Effective planning and iterating of potential solutions 

    No prerequisites required.

    Currently there are no scheduled classes for this course.

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