Asset Management: Principles & Practices  for the Upstream Sector of the Oil & Gas Industry

An Intensive 5-day Training Course

Asset Management: Principles & Practices
for the Upstream Sector of the Oil & Gas Industry

Asset Management: Principles & Practices for the Upstream Sector of the Oil & Gas Industry

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In-House Solutions ›

We don’t have a scheduled session for this course at the moment. For more information and to enquire about future sessions, please feel free to reach out to our Training Department (info@petroknowledge.com)

Why Choose this Training Course?

Managing Oil and Gas fields requires an understanding of the multiple facets of the oil and gas industry. The course is designed to familiarize the attendees with these facets and prepare them to become successful asset managers.

The course provides an opportunity to learn from someone who has worked in the upstream sector of the industry for 40+years and brings a wealth of practical experience, examples, hard lessons learned and presents them in an easy to understand manner.

This course will feature:

  • The art of developing an Asset Management Plan
  • Asset Management Process
  • Highly effective multi-disciplinary teams
  • Decision Tools like Decision Mapping, Front End Loading, Decision & Risk Analysis, Value of Information, Value Improving Practices
  • Role of Technology

What are the Goals?

By the end of this course, participants will be able to:

  • Develop realistic Asset Management goals
  • Learn about maximizing Asset Value
  • Decide the deliverables for major decisions
  • Learn to improve effectiveness and efficiency of work processes
  • Apply the principles to a real life Case Study

Who is this Training Course for?

This course is suitable for a wide range of professionals involved either full time or part time in managing oil and gas fields but will greatly benefit:

  • All discipline engineers in the Company (Reservoir, Drilling, Production, Petroleum, Project, Facilities, etc.)
  • Geo-scientists
  • Asset Managers and Personnel
  • Business Development, Commercial Managers, Joint Interest Managers
  • Operations Managers and Operations Superintendents

How will this Training Course be Presented?

This course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes:

  • Presentation & Interactive Dialogue
  • Class Exercises & Working in Teams
  • Simulating Partnership Meeting, Operator Meeting, and Meeting with the Government
  • Art of Negotiation

Daily Agenda

Day One

Building the Asset Management Plan

  • Introduction & Course Overview
  • Understanding Terminology
  • Asset Management Plan
  • Portfolio Management
  • Factors influencing Asset Value – Internal & External
  • Class Exercises
Day Two

Process & Tools

  • Asset Management Process
  • Key Decisions and Deliverables
  • Who, Why and How of Multi-disciplinary Teams
  • Ensuring Discipline Quality                
  • Introduction to Asset Management Tools
  • Class Exercises                                             
Day Three

Role of Technology

  • Role of Technology in Asset Management
  • Discussion of specific Technologies
    • Reservoir Characterization/Reservoir Modeling
    • Horizontal Wells
    • Smart Well Technology
    • Reservoir/Surface Integration Modeling
    • Knowledge Management
  • Home Work Assignment
Day Four

Asset Management Case Study

  • Introduction of the Case Study –  A field development case
  • Form Teams
  • Participants spend the day solving the case and prepare a presentation for discussion
Day Five

Lessons from the Industry & Wrap-up

  • Simulate an Operating Committee & Government Meeting
  • Discuss actual results
  • Common Mistakes in Asset Management
  • Continuous Improvement through Post Auditing

Lessons from the Industry & Wrap-up

  • Simulate an Operating Committee & Government Meeting
  • Discuss actual results
  • Common Mistakes in Asset Management
  • Continuous Improvement through Post Auditing

Feedback and Conclusion

Certificate

  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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