An Intensive 5-day Training Course
Asset Management: Principles & Practices
for the Upstream Sector of the Oil & Gas Industry
Would an alternative date be more suitable?
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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 ([email protected])
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
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.
