training specialists to the upstream oil and gas industry
 
 

Marginal Fields Development Strategies

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Course overview

The intention of this course is to provide a comprehensive overview of the steps required to achieve an optimal development plan for marginal fields with reliable lifecycle cost estimates for oil and gas developments.  This has gained particular relevance in the current environment of low oil prices.
Delegates will gain an appreciation of the key project drivers and how various disciplines interact to maximise project value and mitigate financial and technical risk.
All areas of field development planning stages are covered, beginning with the basics sub-surface issues through to identifying critical elements of the development which make the particular field ‘marginal’, what is required for project sanction and finally how to execute a successful development.
In addition, a significant emphasis will be placed on evaluating the different development and contracting strategies available to develop a hydrocarbon discovery that is deemed marginal. Various configurations and associated costs for onshore, offshore and subsea facilities and drilling components will be covered, looking at the key drivers to estimating 

Course outline

All personnel within the industry who have an interest in developing marginal oil and gas projects;
Explorationists, geoscientists, reservoir and petroleum engineers, drilling and completion engineers, process and facilities engineers, commercial and finance professionals and managers.

Course outline

Economics – Ultimately defines what a marginal field is!

  • Screening criteria and economic hurdles
  • Fiscal regime (tax, royalties, production sharing, cost recovery, etc.)
  • Field life
  • Competing projects within the portfolio

Alternative Approaches

  • Novel contracting strategies
  • Appetite for risk?
  • Modified fiscal regime (tax, royalties, production sharing, cost recovery, etc.)
  • Costs – Capital and operating
  • Field life

What is a Marginal Field – definition

Factors influencing field economics

  • Subsurface factors
    • Geology
    • Size of accumulation
    • Uncertainties
    • Value of information – how much to spend on appraisal
  • Well engineering
    • Well and completion types
    • Gas and water control (oil wells)
  • Surface facilities factors
    • Operating parameters – HPHT?
    • Fluid composition and contaminants handling
    • Associated gas / condensate handling

 

Location Start Date End Date Cost Trainer Book
Kuala Lumpur 2 Oct 2017 6 Oct 2017 £2,950 Madhav Desai
Atyrau 13 Nov 2017 17 Nov 2017 £2,950 Madhav Desai
London 4 Dec 2017 8 Dec 2017 £2,950 Madhav Desai

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