Geared to both technical and non-technical attendees. A fundamental understanding of the Upstream value chain, fiscals, and economics, how to fast track development, and techniques to plan and optimize production.

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Course Outline

• See the big picture of the Upstream industry with an understanding of its structure, value chain, and fundamentals.
• Understand key concepts, inputs / outputs for oil & gas investment evaluation, and key features of various fiscal regimes.
• Get holistic insights into the development planning process, with regulatory requirements and approvals, conceptual management systems, tools and processes, and evolving technologies.
• Learn about supply chain strategies and project activities around the globe, with models for different markets.
• Recognise projects risks, factors impacting production / cost profiles, workflows and how estimates evolve with maturation
• Identify effective production planning for optimization opportunities

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Agenda

• Fundamentals of project evaluation
• After-tax Net Cash Flow, Net Present Value and Discounting, Economic Outputs: IRR, payout/payback, profit/investment ratio
• Petroleum Fiscal Regimes and Fiscal Instruments
• Classifying, analyzing, and comparing Fiscal Regimes, Main Contractual Terms, Royalty / Tax, Production Sharing / Service Contracts
• Portfolios, Valuation and Decision Analysis:
• Incremental Economics, Portfolio Optimization
• Decision Trees, Scenarios and Sensitivities
• Fast Track Integrated Development Planning
• Commercialization and reservoir depletion planning
• Regulatory approval requirements; shortlisting Options
• Conceptual evaluation techniques; Balanced selections
• Strategic Supply Chain Optimization
• Coherent, optimized procurement strategies to manage risks during distressed supply chains and constrained logistics
• Production and costs
• Field development plan considerations
• Stage-gate process and decision-making
• Production profile generation methods
• Costs estimation methodology and examples
• Overview of the inputs for economic analysis
• Production Planning and Optimization
• Production planning and forecasting techniques
• Performance benchmarking and value identification
• Operating optimization strategies and examples
• Integrated asset modelling techniques