Managing Oil Fields in a Low Price Environment

An Intensive 5-day Training Course

Managing Oil Fields in a Low Price Environment

Managing Oil Fields in a Low Price Environment

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Why Choose this Training Course?

Cycles of low oil prices have become an inherent feature of the petroleum industry value chain. A low oil price scenario, is a condition that arises whereby the breakeven value of an oil and gas field, is higher than the sales price of the crude oil or natural gas. Traditional response recipes so far have been a resizing of the activity, involving layoffs and cancelling or putting projects on hold, sometimes indefinitely. Reducing capital expenditure is a natural response to low oil prices, as demonstrated by the oil and gas industry deferring or cancelling billions of dollars’ worth of planned investments. At the same time however, the industry needs to continue to explore and develop oil and gas fields in order to meet long-term demand that continues to grow, even though more slowly than before. A closer look though shows that while the average production cost of the barrel may be uneconomical, still certain oil generating activities, field areas or wells can still yield profitable oil.

This training course presents viable alternatives that allow exploration & production (E&P) companies to refocus on cost-effective measures aimed at maintaining profitability, and process streamlining, whilst incorporating cost effective innovative solutions and best practices to reduce production costs. By maintaining a critical eye on productivity and capital expenditure whilst scanning the scope of work and detailed engineering, additional savings may result if standardized specs components are incorporated and redundant activities filtered out. Selected case examples with innovative solutions applicable to implementation programs for selected new field technologies are elaborated.

This training course will feature:

  • Discussions on of low oil prices cycles and their causes
  • Examination of the reasons why conditions arise when the breakeven value of an oil and gas field, is higher than the sales price
  • Learn which activities can and which cannot be curtailed, in a low oil price environment
  • Learn new technologies that can be utilised to reduce production costs and thus increase oil well profitability
  • Explore which activities can utilise standardised specs for cost reduction

What are the Goals?

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

  • Reduce the production cost per barrel to maintain profitability without affecting the production
  • Reduce development costs that have been planned without affecting the objectives
  • Introduce Technological Innovations and Operational Improvements in a systemic way to fast track field implementation
  • Elaborate ideas leading to specific improvements in their workplaces
  • Improve the existing programs to reduce OPEX and CAPEX by applying procedures, best practices and examples

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Petroleum engineers, & reservoir engineers, production engineers, facilities engineers, drilling and completion engineers
  • Managers, supervisors and government officials
  • As well as anyone involved or interested in Reducing OPEX and CAPEX and increasing the production in a cost effective manner

How will this Training Course be Presented?

This training course is a highly interactive stimulating learning experience, where participation is encouraged in a supportive environment. This ensures the concepts introduced during the training course are understood and reinforced. This is achieved through a mix of learning methods, including lecture style PowerPoint presentations, open discussion and case studies.

The delegates will be engaged and encouraged to exchange ideas throughout the course by business case studies and facilitated discussions. Short videos will also be used to reinforce specific technical and operational points and to relate the material to real-world experience.

Daily Agenda

Day One: Introduction Oil Field Business Management
Competency Description: This module is intended to develop oil field business management skills to support production operations.

Key behaviours:

  • Appreciate the role of advanced business management to oil filed management
  • Understand the scope and structure of crude oil markets
  • Recognise the features that are responsible for today’s low oil and gas prices
  • Understand how to quantify and interpret statistical oil and gas data
Topics to be covered:
  • Advanced Business Management applied to Oil Fields
  • The Total Cost of producing the Barrel of Oil
  • Historical Price Development - Prior Low Oil Price Scenarios
  • Features of the Current Low Oil Price Scenario and its Impact
  • Demand Versus Offer Global Outlook
Day Two: Oil Field Process Improvements

Key behaviours:

  • Distinguish between variations in oil field processing
  • Appreciate the role of sustainability and profit improvement
  • Recognise opportunities for process improvements
  • Develop competencies for ranking cost elements in the oil and gas industry
Competency Description: This module is intended to provide an understanding of the energy efficiency drivers in the oil field business.
Topics to be covered:
  • The Process in the Oil Fields – Surface and Down Hole Activities
  • Where do Process Improvements come from?
  • Ways to identify Process Improvements inside the Organization
  • Ranking of the common top Cost Element in the Oil Fields
  • The Sustainable and Profitable Approach – Not all is about New Well drilling
Day Three: Innovations and New Technologies in Oil and Natural Gas

Key behaviours:

  • Be able to grasp opportunities to reduce OPEX and CAPEX
  • Appreciate scenarios for implementing innovations in Surface & Sub-Surface Technologies
  • Understand the scope and structure of successful oil fields
  • Recognise situations of what could go wrong
Topics to be covered:
  • OPEX & CAPEX Reduction Opportunity Identification - Surface & Sub-Surface
  • Effective Implementation of Innovations and New Technology
  • Examples of Successful Field Cases
  • What could go wrong?
  • Selling the Idea – Specific Procedures and Templates
Competency Description: This module provides an awareness of new technologies in oil field production operations.
Day Four: Oil and Gas Supply Chain Management

Key behaviours:

  • Learn from a variety of example case studies in new field developments
  • Understand how heavy and extra heavy oil fields can be extracted
  • Develop skills in international issues of the oil and gas supply chain
  • Be able to interpret data in tendering techniques
Topics to be covered:
  • Examples Case of New Developed Fields
  • Examples Case of Mature Developed Fields
  • Examples of Heavy and Extra Heavy Oil Fields
  • Advanced Tendering Techniques and SCM Best Practices
  • International Issues in the Supply Chain
Day Five: Energy Derivatives
Competency Description: This module will help participants develop oil and natural gas Supply Chain Management SCM skills.
  • Learn the terminology and use of derivatives.
  • Understand the workings of international crude oil trading
  • Develop skills in oil and gas hedging techniques
  • Use available resources to improve energy efficiency
Topics to be covered:
  • Introduction to Energy Commodities and Markets
  • Adding Value to Crude oil and Natural Gas
  • Cost Effective Oil Production Improvements
  • Energy Efficiency and Power Saving


  • 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

  • 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

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