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

Code

PE1361

Date

24 - 26 Aug 2020

Venue

Kuala Lumpur, Malaysia

Early Bird Fee

SGD 3,599

Fee

SGD 3,799

Code

PE1361

Date

24 - 26 Aug 2020

Venue

Kuala Lumpur, Malaysia

Early Bird Fee

RM 10,797

Fee

RM 11,397

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:

  • Geoscience
  • Reservoir engineering
  • Well engineering
  • Development engineering
  • Facilities engineering
  • Planning
  • Risk analysis
  • Portfolio planning
  • Decision support
  • Commercial strategy
  • Economics

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.

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.

Senior Process Engineer, Repsol Malaysia