RESCHEDULED
INSTRUCTIONAL FORMAT
Learning sessions are divided equally between lectures by specialists and team participation in
challenging workshop sessions that allow the teams to undertake the step-by-step development of these
two major upstream opportunities using ep.PROM, IHRDC’s E&P project management digital simulator.
This challenging learning workshop requires that the teams, with access to project mentors, follow a
decision-centric project management process, very similar to the ones used by major oil companies, to
undertake the side-by-side development of these two major projects. While doing so they will learn how
to apply good project management practices to their own projects.
The first half of the program is 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
remaining part of the program 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.
UNIT ONE
IDENTIFY AND ASSESS THE RESOURCE POTENTIAL OF TWO PETROLEUM EXPLORATION OPPORTUNITIES
Unit One will focus on identifying and assessing the two individual project opportunities. Participants will work on acquiring seismic data, generating subsurface maps, drilling exploration and appraisal wells as they try to move their prospective projects into Stage 2 of the process. Practical short lectures will highlight different tools and techniques that should be used by participants as they make decisions during this exploration stage both for offshore and unconventional gas opportunities. By the end of Unit One, the teams will be asked to demonstrate commercial viability of their projects as they request approval to move into field development studies
UNIT TWO
DESIGN FINAL FIELD DEVELOPMENT PLANS FOR DEEPWATER OIL AND UNCONVENTIONAL GAS
Unit Two of the program covers activities around field development planning, surface facilities design & construction, and production management. Teams will first generate and study various field development alternatives and then select the best one for implementation. The use of IHRDC’s interactive project simulation software will enable participants to study the economic impact of development options. Issues on construction and production stages will also be studied and analyzed by the teams as they manage subsurface and facilities performance of the two projects.