PROGRAM OVERVIEW

This two-week program is designed for individuals who seek a comprehensive and practical understanding of the management of upstream petroleum projects and how to create substantial value in today’s international oil and gas business. The sessions are divided equally between lectures by specialists and team participation in a realistic business simulation workshop. The first week sessions are devoted to the “stage-gate” E&P project management process, exploration strategies and identification of opportunities, current forms of host government agreements, exploration and development technology, exploration workflows and the processes of developing successful prospects, exploration risk analysis and portfolio management, and E&P project economics. The second week is devoted to the project management of field development, application of appropriate subsurface technology to maximize reserves, design and construction of facilities, marketing of crude oil, natural gas and gas liquids, management of production over its life cycle and the integrated business development decisions necessary to achieve successful outcomes.

IHRDC’s highly regarded, all-digital E&P project management workshop allows teams to participate in different simulated E&P settings - in this workshop we will focus on today’s two significant exploration opportunities: a deepwater offshore West Africa prospect and a US unconventional shale play. The teams are asked to use the stage-gate process to manage the exploration, development, and production of these opportunities over a simulated 25 year life cycle. The financial performance of each team is measured against original expectations and the team with the best performance wins the Team Prize. This “classic” IHRDC workshop never fails to receive high praise from participants.

ADDITIONAL DETAILS ON THIS NEW PROGRAM TO BE ANNOUNCED SOON.