DE0407 : Field Development and Business Planning

 

This practical and highly-interactive course includes real-life case studies where participants will be engaged in a series of interactive small groups and class workshops. 

 

This course is designed to provide participants with a detailed and up-to-date overview of Field Development and Business Planning. It covers the fundamentals of field development in the oil and gas industry; the reservoir characterization, reservoir properties and behavior; the geological and geophysical aspects and the role of geology and geophysics in field development; the well planning and design and the basics of well architecture and design principles; the field development strategies and different strategies for optimal field development; the asset management in reservoir engineering; and the steps and strategies for creating effective asset action plans. 

 

Further, the course will also discuss the risk management and mitigation in field development; the economic evaluation and cost analysis; the technology integration for efficient asset management; the principles and methods of production forecasting; the data analysis and interpretation and utilizing data for accurate forecasting; and the advanced reservoir simulation techniques and methods for forecasting. 

 

During this interactive course, participants will learn the production optimization strategies and techniques for enhancing production; the forecast accuracy and reliability; the strategic planning in field development and long-term planning and sustainability; the importance of engaging stakeholders in strategic planning; the regulatory compliance and legal considerations; incorporating environmental and social factors and addressing environmental and social impacts; integrating field development concepts; the advanced reservoir management techniques and technologies; the leadership and communication skills in field development; emerging future trends in oil and gas industry; and the project management principles in field development.