Search training courses
Upstream Oil & Gas Asset Management

An Intensive 5-Day Training Course

Upstream Oil & Gas Asset Management

Management in Optimizing of Upstream Assets

Scheduled Dates

26 Feb - 01 Mar 2024 Kigali - Rwanda $5,950
01 - 05 Jul 2024 London - UK $5,950
05 - 09 Aug 2024 Dubai - UAE $5,950
16 - 20 Dec 2024 Houston TX - USA $6,950
20 - 24 Jan 2025 Dubai - UAE $5,950
Enroll Now In-House Options

Are the scheduled dates matching with your needs?

We provide a wider range of training options. Tailored and customized, we can deliver your organization’s training needs anytime, anywhere.

Why Choose this Training Course?

Why Choose this Training Course?

The vibrant upstream oil and gas industry is investing large amounts of capital, and investment which will lead to huge payouts in the future. Asset management is challenge that remains and how to improve production output and oil recovery factors given the current environment and impending risk.

The management of upstream assets is driving growth, maximize profit and minimize risk to achieve the most profitable return from the management of the asset over its lifetime.

This PetroKnowledge training course will explain upstream asset management to develop your ability to manage asset effectively.

This PetroKnowledge training course will highlight:

  • Overview of upstream asset management
  • HSE issues and energy project investment analysis
  • Exploration and appraisal well decisions
  • Field development decisions
  • Asset optimization

What are the Goals?

What are the Goals? 

The objectives of this PetroKnowledge training course are to develop your ability to manage upstream assets effectively.  This PetroKnowledge training course has five key objectives:

  • Learning about scope of upstream asset management and integration
  • Understanding HSE issues and creating project investment analysis
  • Determining decision in exploration and appraisal of well
  • Determining decisions in field development
  • Explaining asset optimization

Who is this Training Course for?

Who is this Training Course for?

Upstream Oil & Gas Asset Management, training course suitable to a wide range of professionals but will greatly benefit:

  • Asset Managers
  • Operation Managers
  • Engineers
  • Planning Managers
  • Contract Managers
  • Financial Managers
  • HSE Managers
  • Team Leaders & Supervisors
  • All personnel involved with upstream

How will this Training Course be Presented?

How will this Training Course be Presented?

Participants to this PetroKnowledge training course will receive a thorough training on the subjects covered by the seminar outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Seminar methodology includes classroom-style with highly interactive, exercise and case studies the training course will be run using PowerPoint slide and video.

Organisational Impact

The organisational impact will be demonstrated by the employees participating in this training course:

  • Understanding upstream asset management to support company objective
  • Developing of a skilled workforce to create project investment analysis
  • Understanding the issues of HSE to mitigating the risk
  • Developing the ability to make decision
  • Optimizing assets helps to drive growth and profitability

Personal Impact

Upon completion of this PetroKnowledge training course, participants will gain:

  • Knowledge of the upstream asset management
  • Create project investment analysis
  • Be proactive in identification of risk sources
  • Improved skills in decision making in upstream operations
  • Enhance their knowledge to minimize risks
  • Develop their ability to optimize upstream assets

Daily Agenda

Day One: Overview of Upstream Asset Management

  • Overview of the oil, gas and power value chains
  • Scope of upstream asset management
  • Integration with downstream assets and markets
  • Differences between oil and gas markets
  • Market opportunities identified for production

Day Two: HSE Issue and Energy Project Investment Analysis

  • Considerations of health, safety and the environment on the upstream asset
  • Sustainable development issues
  • Time value of money
  • Present value of net cash flow
  • Internal rate of return
  • Sensitivity analysis

Day Three: Exploration and Appraisal Well Decisions

  • Preparation of the well plan for the exploration and appraisal wells
  • Selection of sampling and evaluation methods
  • Preparation of AFE
  • Submission of application for drilling permit
  • Issuance of RFP for drilling services
  • Review of bids and selection of contractors

Day Four: Field Development Decision

  • Prepare geological model and estimate resources
  • Prepare drilling and well completion plans
  • Prepare reservoir model
  • Predict reservoir performance under natural depletion
  • Enhanced recovery and artificial lift natural drive mechanisms

Day Five: Asset Optimization

  • Infrastructure development decision
  • Analyze crude oil markets
  • Analyze natural gas markets
  • Analyze gas liquids markets
  • Decisions during the producing life of the field


  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

Frequently Asked Questions

How can I register for a training course?

  • 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

When and how do I arrange payments?

  • 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.

When should I expect to receive confirmation of registration?

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.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to

Download PDF

© 2024. Material published by PetroKnowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Sending your message. Please wait...


There was a problem sending your message. Please try again.

Please complete all the fields in the form and check the recaptcha before sending.