Oil and Gas
Oil and Gas | Reservoir Development
This course considers in detail the technical and commercial influences on Field Development Planning within the global oil and gas industry. It considers the need for understanding field developments by resource size, facility choice, development risk, cost and value. This course is tailored to those wishing to deepen their understanding of the multi-discipline skills required for Field Development Planning.
Duration and Training Method
There are two parts to this course:
- Pre-course materials - 4 standalone modules completed prior to the course.
- A virtual classroom divided into 8 three to three and a half hour webinar sessions (equivalent to a four-day classroom course), comprising lectures, discussion, case studies, and practical exercises to be completed by participants during and between sessions.
On completion of this course, and after applying the learning’s of the course in their job, participants will have built up skilled competence on how to plan a field development and specifically be able to:
- Establish a detailed understanding of the purpose of Field Development Planning.
- Deepen knowledge of how risk and uncertainty impact field development planning decisions.
- Understand all aspects that appertain to Field Development Planning, including resource size, resource location, reservoir production support mechanism and cost.
- Be able to 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
- Develop a comprehensive understanding of how a field development project is managed through key stage gates.
- Manage Field Development cost, schedule and operability though-out field life.
A. Pre-course materials to complete as a primer for the course:
- Value - Measures of project value – Strategic fit, Net Present Value and Rate of Return, etc.
- Making Decisions - Use of Decision trees/link between studies and decisions
- Statistics and distributions – key types and parameters
- Combining distributions – parametric method
(All these materials/modules have a pre-module quiz to check existing understanding and a post-module exercise to secure learning).
B. Virtual Course Webinars
Webinar 1 - Introduction
- Heuristics Quiz
- Business Framework
- Risk and Uncertainty
- Review of pre-course materials 1 & 2 and solution to exercises
Webinar 2 - Estimating Resources
- Quiz and review of webinar 1
- Fluids and PVT data
- Reservoir Mechanisms
- Secondary and Tertiary Recovery
- Resource Uncertainty
Webinar 3 - Estimating Costs part I
- Quiz and review of webinar 2
- Field Development Definition
- Well Productivity
- Oil/Water and Gas Profiles
Webinar 4- Estimating Costs part II
- Quiz and review of webinar 3
- Secondary Recovery
- Additional Production Issues
- Facility Selection
- Development Costs
Webinar 5 - Estimating Value part I
- Quiz and review of webinar 4
- Transportation Costs
- Gas fields and Gas Value chain
- Commercial Evaluation & Fiscal regulations
Webinar 6 – Estimating Value part II
- Quiz and review of webinar 5
- Field Development Examples:
- I. Onshore
- III.Atlantic Margin - deep-water
- V. Gulf of Mexico – shelf and deep-water
Webinar 7 – Framing choices
- Quiz and review of webinar 6
- Review of pre-course materials 3 & 4 and solution to exercises
- Probability Estimation
- Value of Information (Appraisal & Intervention)
- Bayesian Revision
- Project Uncertainty
Webinar 8 - A Compelling Case
- Quiz and review of webinar 7
- Reservoir Dynamic Modelling
- Production forecasting
- Field Development Project Planning
- Presenting the project
Who Should Attend and Prerequisites
The 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