Why Choose this Training Course?
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 organization. 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 online 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 online training course will highlight:
- The impact and constraints posed by legislation and regulation
- Current Good Industry Practice and how this relates to common regulatory approaches
- The importance of a structured, multi-disciplinary approach to ensure optimal cost control
- The key elements of the abandonment design process
- Typical Risks and how to manage them
- Common flaws in abandonment cost estimation and how to avoid them
- Common operational methods and new and novel technologies
- Project Management fundamentals applied to abandonment work scopes
- Opportunities for cost minimization