Oil and Gas
Oil and Gas | Reservoir Development
Business Impact: This course presents in detail the technical and commercial influences on Field Development Planning within the global oil and gas industry. It demonstrates the need for understanding field development choices on resource size, facility choices, size and cost. By defining a set of key learning objectives, the course is tailored to those wishing to deepen their understanding of Field Development Planning’s purpose within the oil and gas industry.
Duration and Training Method
This is a classroom or virtual classroom course comprising a mixture of lectures, discussion, case studies, and practical exercises.
Participants will learn to:
- Understand the purpose of Field Development Planning.
- Appreciate how risk and uncertainty impacts field development planning decisions.
- Understand all aspects that appertain to Field Development Planning, including resource size, resource location, reservoir production support mechanism, and cost.
- Assess the impact of field development choices on facility selection, sizing, and costing.
- Build a holistic view of the commercial worth of Field Developments.
- Develop a set of key tools to make optimum decisions based upon available information and uncertainties
- Understand how a field development project is managed through keystage gates.
- Manage Field Development cost, schedule, and operability though-out field life.
- Heuristics Quiz
- Business Framework
- Risk and Uncertainty
2. Estimating Resources
- Fluids and PVT data
- Reservoir Mechanisms
- Secondary and Tertiary Recovery
- Resource Uncertainty
3. Estimating Costs
- Field Development Definition
- Well Productivity
- Oil/Water and Gas Profiles
- Secondary Recovery
- Additional Production Issues
- Facility Selection
- Development Costs
4. Estimating Value
- Transportation Costs
- Gas fields and Gas Value chain
- Commercial Evaluation & Fiscal regulations
- Field Development Examples:
- I. Onshore
- III.Atlantic Margin - deep-water
- V. Gulf of Mexico – shelf and deep-water
5. Framing Choices
- Probability Estimation
- Value of Information (Appraisal & Intervention)
- Bayesian Revision
- Project Uncertainty
6. A Compelling Case
- Reservoir Dynamic Modelling
- Production forecasting
- Field Development Project Planning
- Presenting the project
Who Should Attend and Prerequisites
This course is designed for reservoir/petroleum/production/facility/drilling engineers, geoscientists, team leaders and managers.
Pete trained as a reservoir engineer and researcher firstly at the UK government research Institute of Hydrology Oxford, before joining BP’s research team to lead the development of novel modelling methods; building the first stochastic models to describe multi-phase fluid-flow in reservoir rocks. Moving into BP operational activities was responsible for creating the processes for managing the uncertainty in value and reserves in new field developments that became the BP standard approach.
Assignments with BP included lead engineer on Dukhan, Arab C Reservoir, Qatar; the appraisal and financial sanction of the Harding, Andrew, Foinaven and Schiehalion fields in the UKCS and managing the operated production in the Gulf of Mexico. Pete was also the founding director of the BP Institute at Cambridge University concerned with fundamental research in fluid-flow and was responsible for building their environmental technology across the BP group as Technology Vice President.
Pete helped establish the new Engineering University in Trinidad & Tobago as Associate Provost (R&D) and Professor of Petroleum Engineering between 2004 and 2008. On return to the UK, Pete became Principal Advisor in Reservoir Engineering at RPS Energy leading company reserve audits. In 2010 Pete led the Upstream Risk Management advisory activity and in 2011 became Chief Reservoir Engineer. In 2018 Pete left RPS Energy to form his own company, ReganSmith Associates, that provides training courses and consultancy to the Oil and Gas Industry.
Affiliations and Accreditation
MSc Differential Equations
PhD Earth Sciences
C Eng. FEI Chartered Petroleum Engineer
N401: Applied Development Planning
N412: A Critical Guide to Reservoir Appraisal and Development
N447: The Identification and Prioritisation of Opportunities for Effective Resource Progression
N712: Petrophysical Inputs to Reservoir Modelling
N952: Resource Assessment and Assurance
N954: Practical Approaches to Increased Recovery
N963: Fluid Flow Mechanisms - Observations of Rocks at Outcrop and Implications to Reservoir Engineering (SW Ireland)
N995: Managing Uncertainty and Risk in Appraisal and Development
R001: Oil and Gas Essentials