This course is for upstream oil and gas industry professionals, managers and discipline experts, who need to gain a deeper understanding of upstream lifecycle costing, Persons involved in industry oversight, from regulators, government agencies, non-governmental organisations (NGOs), charities, special interest and campaigning groups that need to better understand the cost constraints under which oil companies operate and early career professionals wishing to advance their understanding of upstream oil and gas costing and economics issues. It enables participants to provide an overview of the lifecycle of oil and gas projects; to understand the stages of field development from rank exploration to production and the associated costs involved at each stage of the development; to explore the information available at each stage and the impact on the accuracy of the cost estimates; to explore how the investment profile is developed and how costs are built with information that may be incomplete or nonexistent for use in exploration economics which allows decisions to be made as to whether to explore a potential prospect; to explore development economics which allow decisions to be made as to whether to progress through the stages of a development up to and including Final Investment Decision (FID); and to understand the nomenclature and terminology used in the industry. It covers contents such as The Oil and Gas Industry, Project Lifecycle, Cost Estimating, Cost Estimate Components, Field Development Planning, Petroleum Contracts, Petroleum Economics etc.
Outcome / Qualification etc.
London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...
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