Executive Advanced Master Classes

Content

Course outline

Introduction
Course overview
The oil and gas industry
Onshore
Offshore
Unconventionals

Project lifecycle
What is the lifecycle?
Project stages
Exploration
Appraisal
Development
Production
Abandonment

Cost estimating
Estimating methodology overview
Cost fluctuations and forecasting
Types of estimating
Cost estimate levels
Cost accuracy

Cost estimate components
Exploration and appraisal
DRILLEX - drilling
CAPEX - facilities
OPEX - production
ABEX - abandonment
Project and owner's costs
Contingency
Operator's reserve

Field development planning
Field Development Plan (FDP)
Lifecycle costing
Scheduling
Investment profiles

Economics
Exploration economics
Development economics

Industry software
Discussion on industry-standard
software

Learning outcomes

The course provides an overview of the lifecycle of oil and gas projects, including the stages of development from rank exploration to production and the associated costs involved at each stage.
An emphasis on the nomenclature and terminology will be clearly defined to demystify the industry.

Who should attend?

• Professionals who need to understand the costs involved in upstream oil and gas developments
• Personnel involved in field development planning E&P management
• Technical staff who want to expand their understanding of the industry

For further information, please contact:

Executive Education Department
+4420 7443 8800