|Code||Date||Venue||Early Bird Fee||Fee|
|PE1361||24 - 26 Aug 2020||Kuala Lumpur, Malaysia||SGD 3,599||SGD 3,799||Remind me of Course Dates|
|PE1361||24 - 26 Aug 2020||Kuala Lumpur, Malaysia||RM 10,797||RM 11,397||Remind me of Course Dates|
Date24 - 26 Aug 2020
VenueKuala Lumpur, Malaysia
Early Bird FeeSGD 3,599
Date24 - 26 Aug 2020
VenueKuala Lumpur, Malaysia
Early Bird FeeRM 10,797
About this Training Course
The lifecycle costs of an upstream oil & gas development is typically very high and subject to great uncertainty. However, it is crucial to be able to generate reliable cost estimates, covering the full lifecycle, at every stage.Costing is particularly challenging during the early lifecycle stages, when uncertainty is at a maximum, and information is limited and often unavailable. It is during the early (front-end) stages of exploration and development that reliable costs are crucial to support key development decisions.Costing of offshore assets is also particularly challenging on account of: limited specialist in the supply chain; supplier cost fluctuations over the business cycle; technological changes and innovation; project complexity; move to unconventional resources; move to harsher environments; and many others.
The objective of the course is to prepare participants to be able to collaborate within multidisciplinary teams on field development planning tasks leading to investment decision.
Participants will be equipped on:
- Different resource types (oil, gas, conventional, unconventional)
- Different situations and environments (onshore, offshore, deepwater, desert, etc)
- All lifecycle stages (acquire, explore, appraise, define, develop, operate, decommission)
- The full value chain, from reservoir, through production, gathering, processing, conversion (e.g. to LNG), export, and up to point of sale
- The various offshore development concepts (platform, FPSO, semi-sub, spar, subsea tie-back)
- All cost categories (exploration & appraisal, drillex, capex, opex, decommissioning, owner’s costs)
The course is suitable for upstream oil and gas professionals that wish to improve their understanding of and skills in lifecycle costing.
It is suitable for the full range of disciplines that are involved in asset (field) development planning, including:
- Reservoir engineering
- Well engineering
- Development engineering
- Facilities engineering
- Risk analysis
- Portfolio planning
- Decision support
- Commercial strategy
Participants should be familiar with Microsoft Excel, however, no specialist analytical or engineering skills are required. Participants will greatly benefit from bringing their own laptop, installed with Microsoft Excel and Google Chrome browser.
Your expert course leader (BSc (Hons), MSc, CEng, CITP, MEI, MBCS) specialises in field development strategy, definition and value optimisation. On investment projects, he works with multi-disciplinary teams of sub-surface and economics professionals, as concept and facilities engineer, to evaluate petroleum assets. On front-end projects, he works with the wider team of discipline engineers to identify optimal development solutions, providing expertise in strategy, costing, phasing and risk. On all projects, he applies his advanced information management and analysis skills to ensure that business decisions are based on information that is fully consistent, transparent and auditable. In particular, he facilitates the rational consideration of multiple competing field development scenarios involving varying concepts, technologies, well strategies, production forecasts, facilities configurations, layouts, phasing and risk. He has a good awareness of sub-surface and economics issues, and a good knowledge of all technical environments (onshore, offshore, subsea, floating, oil, gas, LPG, LNG, CNG, drilling, production, process, power, transportation, operations, etc). Either directly, or via intermediary consultants, he has worked on a large number of investment and front-end projects, small and large, for a wide variety of independent, national and integrated oil companies.
Learn what past participants have said about PetroEdge training courses
This course provides a great overview of life cycle costing. It is very beneficial especially to project personnel who involved in front line.
Cost Engineer, PETROFAC
Excellence course. Coming from a non-technical background, it helps me to improve my communication and collaboration skills.
Manager, Sapura Energy
This training is a good opportunity for me to acquire knowledge related to ‘cost’. Thanks!
Geologist, Mitsubishi Corporation Exploration
The overall training was very beneficial to understand what FDP is all about. Was clueless before on the terms and blindly consolidate data, but with info in hands now, I can walk the talk in office.
Senior Prod Planner, Vestigo Petroleum
Well organized training session and clear instructions from the trainer.