The course leads attendees through thirteen sessions of material covering exploration through appraisal, reserves recognition, development and production to the sales transaction point. Key terminologies and concepts are developed using numerous examples. Attendees will lean fundamental petroleum geology and exploration principles which provide the foundation for drilling, reservoir development and production concepts. At each step we will consider the differences between on and offshore activities and conventional and unconventional resources. The course is taught in a format that reveals the economics and risk management decisions that are inherent in the industry. Actual examples from industry are used to illustrate decision processes. A high-level view of the technologies employed by the industry given even the non-technical attendee a feel for the business. Ample time is provided for Q&A and interaction with the instructor with 30-plus years of industry experience. What You Will Learn Learn about: crude oil and natural gas formation; petroleum geology; geoscience tools that image the subsurface and measure rock properties; managing exploration risk and the economics of exploration; how geologists and engineers estimate the size of the discovery; why appraisal drilling and petrophysics saves investment dollars; what proven, probable and possible mean to the oil and gas professional; how the industry develops a field for production; what techniques are used to optimize recovery from the reservoir over its lifetime; and finally what must be done to oil and gas before it leaves the surface facilities.
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