EMI's Upstream Oil and Gas Fundamentals
Join DTN for an introduction to the upstream petroleum industry. This course will introduce you to the formation of oil and gas, then move on to how exploration and reservoir engineering activities bring the oil and gas to surface, and finally end up with at how the surface facilities operate just ahead of the sales transaction point. You will learn about risks, technologies, investment decisions and operations in one of the world’s most important industries.
This course is worth 13 CPE credits and 6 EMI credits.
The course leads attendees through thirteen sessions of material covering exploration through appraisal, reserves recognition, development and production to the sales transaction point. Key terminologies and concepts are developed using numerous examples.
Attendees will learn fundamental petroleum geology and exploration principles which provide the foundation for drilling, reservoir development and production concepts. At each step we will consider the differences between on and offshore activities and conventional and unconventional resources.
The course is taught in a format that reveals the economics and risk management decisions that are inherent in the industry. Actual examples from industry will be used to illustrate decision processes. We’ll deliver a high-level view of the technologies employed by the industry, giving even the non-technical attendee a feel for the business. Ample time will be provided for Q&A and interaction with the instructor with 30-plus years of industry experience.
Special focus on:
- The four requirements for an oil and gas reservoir
- Land lease acquisition and obligations of the operator
- Exploration program planning and goals
- Geologic risk and how it is quantified
- Drilling and how a well is planned
- Vertical vs. directional vs. horizontal drilling choices
- The importance of appraisal work
- What are the key issues in determining how a field is developed
- Definitions of proven, probable and possible volumes
- Reservoir engineering to optimize the recovery
- Special techniques to recovery more oil, i.e., waterflooding, miscible gas injection, polymer-surfactant injection and thermal processes
- Where petroleum economics impacts the discovery-appraisal-developmentproduction stages
- The theory of peak oil production … why prices are going upward
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Experience hands-on, interactive and exciting programs that set the standard in energy education. DTN's energy training is the most efficient, effective way to improve your energy industry knowledge and skills. You’ll learn from recognized industry experts who deliver forward-thinking instruction...