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Seminars

An Introduction to Field Development Plan (FDP)



Introduction:


Investors set oil company valuations in part on the company’s ability to design and execute credible field development plans. As a result, oil and gas company management is under increasing pressure from investors to translate discoveries into cash flow as quickly as possible. On the other hand, growing field complexity in many parts of the world has made field development plans (FDPs) increasingly difficult to formulate and execute. Industry studies have shown that FDPs routinely over-estimate field production rates and ultimate recovery due to causes ranging from poor initial characterization of the reservoir to not fully integrating available development technologies.

Course Objectives:


By the end of this course, delegates will be able to:

 

  • Understand how to have an integrated view of the hydrocarbon production system, identifying its uncertainties and opportunities
  • Know the concept and elements of front-end-loading (FEL)
  • Know the concept and elements of decision scenario optimization (DSO)
  • Learn about integrated asset modeling (IAM)
  • Identify the elements of a field development plan and production operations, and how the FEL methodology can be applied in real life projects
  • Understand the drivers to execute such methodologies
  • Understand the differences with integrated studies and reservoir characterization
  • Identify the need for uncertainty analysis, correlation analysis, Tornado Charts, Montecarlo simulation, optimization, and optimization under uncertainty
  • Use the basic techniques required

Who Should Attend?


Geologists, Geophysicists, Reservoir Engineers, Production Engineers, Petrophysicists, Petroleum Engineers, Drilling Engineers, Field Development Engineers, Managers, Asset Managers, Oil & Gas Engineers, Reservoir Operators, Surveillance Engineers, Technicians, Engineering Trainees, Technical Managers, Technical Assistants, Technicians, Chemists, Physicists, Technical Supervisors, Service Company Personnel responsible for improving the performance of petroleum reservoirs

Course Outline:


  • Introduction to field developing planning
  • What is field development? Field development processes and decisions
  • Optimization in field development
  • Petroleum field development risk and uncertainty
  • Uncertainty, processes impacting decision making
  • Inferential statistics: Histograms and Distributions
  • Risk analysis with Stochastic Simulations
  • Uncertainty quantification by stochastic simulation (Monte Carlo)
  • Sensitivity diagrams vs. Tornado plot; risk vs. uncertainty
  • Front-End-Loading for field development
  • FEL (Front-End-Loading) concepts
  • FEL-Visualization & FEL-Conceptualization related tasks
  • Uncertainty processes impacting decision making (multidisciplinary approach)
  • Decision Scenario Optimization (DSO)
  • Uncertainty and decision making evaluation from integrated profit models
  • Exercises: optimal well number and location, optimal field development by IAM
  • History match
  • Uncertainty analysis and history match assisted by technology

COURSE LOCATIONS

Code From To City Fee
RE35 26 Jan 2020 30 Jan 2020 Dubai US$ 4200 Book
RE35 16 Mar 2020 20 Mar 2020 Frankfurt US$ 6000 Book
RE35 04 May 2020 08 May 2020 Geneva US$ 6000 Book
RE35 27 Jul 2020 31 Jul 2020 Istanbul US$ 4500 Book
RE35 07 Sep 2020 11 Sep 2020 London US$ 5000 Book
RE35 09 Nov 2020 13 Nov 2020 Barcelona US$ 5500 Book


DUBAI OFFICE

Ittihad Deira Building,
Al Ittihad Rd, Deira
Dubai,
UAE

info@petrogas-training.com

USA OFFICE

642 E14 Street,
10009-13 Manhattan,
New York (NY)
USA

info@petrogas-training.com

EGYPT OFFICE

52 General Kamal Hejab Street,
Suez Bridge,
Cairo,
Egypt

info@petrogas-training.com
 

COURSE CERTIFICATE

Certificate of Completion will be provided to the candidate(s) who successfully attend and complete the course. Training hours attendance percentage of 75% is required.


TRAINING HOURS

Standard course hours: 8:30 A.M. to 3:30 P.M. Informal discussions: 4:30 P.M. to 5:30 P.M.


TRAINING METHODOLOGY

We use a blend of interactive and hands-on methods, active participation, a variety of instructional techniques, dynamic presentations, individual and group exercises, in depth discussion, DVD’s, role-plays, case studies, examples. All of the information, competencies, knowledge and skills acquired within our training programs, are 100% transferrable to the participants’ workplace.


ASSESSMENT & EVALUATION

Pre-Test and Post-Test Assessment are applied on 5-day and 10-day programs. Also, post course evaluation and candidate’s evaluation are applied to add another level of quality measurement. Candidates’ feedback is highly appreciated to elevate the training service quality.


ORGANIZATIONAL IMPACT

A- Have staff trained in the latest training and development approaches

B- Support nationalization and talent management initiatives

C- Have properly trained and informed people who will be able to add value

D- Gain relevant technical knowledge, skills and competencies


PERSONAL IMPACT

A- Develop job related skills

B- Develop personal skills in subject matter

C- Have a record of your growth and learning results

D- Bring proof of your progress back to your organization

F- Become competent, effective and productive

G- Be more able to make sound decisions

H- Be more effective in day to day work by mastering job-related processes

I- Create and develop competency to perform job well


FREQUENT NOMINATIONS SCHEME

A- 10% discount after 05 candidates’ registration.

B- 15% discount after 10 candidates’ registration.    

C- 20% discount after 20 candidates’ registration.

D- 25% discount after 25 candidates’ registration.

E- 30% discount after 30 candidates’ registration

F- Higher discount rates will be offered based on work volume with different clients.  


SEVERAL NOMINATIONS ON THE SAME COURSE SCHEME

A- One extra free seat is offered on 4 candidates on the same course and dates.

B- Two extra free seats are offered on 6 candidates on the same course and dates.

C- Three extra free seats are offered on 8 candidates on the same course and dates.

D- Four extra free seats are offered on 10 candidates on the same course and dates.

E- Five extra free seats are offered on 12 candidates on the same course and dates.


REGISTRATION POLICY

Nominations to our public courses are to be processed by the client’s Training and/or HR departments. A refund will be issued back to the client in the event of course cancellation or seat unavailability. A confirmation will be issued to the relevant department official(s). 


CANCELLATION POLICY

If a confirmed registration is cancelled less than 5 working days prior to the course start date, a substitute participant may be nominated to attend the same course or a 20% cancellation charge is applied. In case of a no-show, a 100% fee will be charged.


PAYMENT POLICY

Payment is due upon receiving the course confirmation, invoice and/or proforma invoice. However; the fee due can be wire transferred to our bank account directly after course completion. Our bank details are illustrated on the confirmation, invoice and proforma invoice, as well. The above documents can be communicated electronically, i.e., in a soft copy or/and in hard copy based on customer’s request.


COPYRIGHT

© 2017. Material published by PETROGAS shown here is copyrighted. © 2017. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing in any medium, transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.