Field Development and Business Planning
الحصول على الكتيب
للحصول على كتيب بكامل محتويات الدورة برجاء ملء النموذج التالي ببياناتك الصحيحة
Program Professional Framework
Field Development and Business Planning
Program Overview
Field development decisions commit large capital for decades, so they demand an integrated view of subsurface, facilities, economics and risk. This programme follows the field development planning process for oil and gas assets from discovery to sanction: reservoir and production profile inputs, development concept selection, facilities and drilling strategy, cost estimation, petroleum economics and fiscal terms, uncertainty and decision analysis, and the business plan that links the asset to corporate objectives. Examples reflect onshore and offshore developments typical of national oil companies in the Gulf.
Learning Outcomes
- ✓Describe the stage-gated field development planning process and the deliverables required at each decision gate.
- ✓Interpret production profiles and reservoir uncertainty ranges as inputs to development planning.
- ✓Compare alternative development concepts using technical, cost, schedule and risk criteria.
- ✓Build a project cash flow model and calculate NPV, IRR and unit technical cost for a development option.
- ✓Apply decision trees and probabilistic analysis to evaluate uncertainty and value of information.
- ✓Prepare an asset business plan linking the selected development to production targets, budgets and KPIs.
Target Audience
- Petroleum, reservoir and production engineers
- Asset and development planning managers
- Petroleum economists and planning analysts
- Project and facilities engineers involved in concept selection
Detailed Program Modules
01The Field Development Planning Process
- Asset life cycle from appraisal to abandonment
- Stage-gate decisions and integrated teams
- Contents of a field development plan
02Subsurface and Production Inputs
- Reserves and resources classification concepts
- Production profiles and recovery mechanisms
- Reservoir uncertainty and appraisal strategy
03Development Concepts and Facilities
- Onshore and offshore development options
- Well count, drilling strategy and surface facilities
- Concept screening and selection
04Cost Estimation and Scheduling
- CAPEX and OPEX estimation classes
- Schedule drivers and long-lead items
- Cost benchmarking and contingency
05Petroleum Economics and Fiscal Terms
- Cash flow modelling, NPV, IRR and payback
- Concession, production sharing and service contracts
- Unit technical cost and break-even price
06Risk, Decisions and the Business Plan
- Decision trees, Monte Carlo and value of information
- Linking the development to the asset business plan
- Performance tracking and plan updates
Training Methodology
Applied Project & Assessment
Applied Project
Working with a provided field dataset, teams select a development concept, build its economic model with sensitivities and present a concise field development and business plan recommendation for a gate decision.
Assessment
Short diagnostic at the start, practical tasks linked to each learning outcome, and evaluation of the applied project against published criteria.