Well Abandonment is commonly the largest area of expenditure in decommissioning oil and gas production assets and is often the area of largest cost overruns. Abandonment at end of well life provides some unique challenges to the engineer, company finances, and the regulator due to the multiple objectives of minimizing both risk to the environment and overall expenditure.
The strategic nature of decommissioning, and particularly abandonment, has only recently been recognized, with the growing impact on Company balance sheets, personnel competency requirements, regulation and legislation now in the spotlight in many organisations. Lessons can be learnt from recent industry experience to ensure organizations are ready to manage their responsibilities and obligations effectively and to improve the industry’s performance in the future.
This PetroKnowledge training course has been designed by world class subject matter expert targeting Oil and Gas Operators key management, Project personnel (asset management, operations, subsea, commercial), Lead and project engineers (marine, structural, HSE, environment, structural, subsea, maintenance), Well engineers, Supply chain management personnel, Key Regulatory personnel and watchdogs, government entities, world agencies, insurance companies, and environmental and conversational groups.
This PetroKnowledge training course will highlight:
The primary objectives of this PetroKnowledge training course are to familiarize delegates with the key challenges posed during planning and executing well abandonment and to provide sufficient knowledge to allow these to be identified and managed.
By the end of this PetroKnowledge training course, participants will learn to:
All individuals involved in abandonment planning, cost provisioning or execution management who wish to improve or optimize their contribution to the well abandonment process will benefit from this course.
This training course is suitable to a wide range of professionals but will greatly benefit:
This PetroKnowledge training Course will be taught using short introductory lectures followed by classroom discussion and debate to draw out key learning points and ensure the application of fundamentals is well understood. The tutor will use a number of real and imaginary examples to illustrate the key points and the potential impact of both good and poor management. Coverage of each area will include a tutorial exercise which may be undertaken individually or in small groups. The answers and conclusions drawn will be discussed and compared to illustrate the impact of varying approaches.
The strategic importance for oil and gas asset operators of managing future decommissioning and well abandonment liabilities is often overlooked. In addition, appropriate management of future environmental risks is growing in importance. Participants will be able to knowledgably contribute to delivering effective financial, technical and environmental management of abandonment obligations to the benefit of their organization, whether it be Regulator, Operator, Supplier, or Stakeholder.
Attendees will attain an all-round knowledge of the well abandonment sector, allowing them to:
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
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