Course description
E&P Industry and Asset Life Cycle
In this skill module, you will learn about asset life cycle economics and the phases of the asset life cycle, including exploration; appraisal; development; and production, including mature production and enhanced oil recovery. You will also learn about the historical, geographical, and modern context of the petroleum industry; its organization, the petroleum value chain; and economic drivers.
Upcoming start dates
1 start date available
Suitability - Who should attend?
Those who need to achieve a context and understanding of E&P technologies in conventional and unconventional fields, and/or the role of technical departments in oil and gas operations, and/or be able to understand and use the language of the oilfield.
Training Course Content
You will learn
- Historical petroleum occurrences and usage
- The phases of the E&P asset life cycle
- The objectives and processes of the exploration phase of the E&P asset life cycle
- The objectives, processes, and economic metrics of the appraisal phase of the E&P asset life cycle
- The objectives and processes involved in the development and production phase of the E&P asset life cycle
- The objectives and processes involved in the mature production phase in the E&P asset life cycle
- Basic reserves and production value concepts
Skill module Content
- The Petroleum Industry – Past to Present
- Introduction to the Asset Life Cycle
- Economic Drivers
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