Principles & Practices for the Upstream Sector of the Oil & Gas Industry ( Asset Management )

Code

509

Start Date

2025-10-05

End Date

2025-10-09

City

Amman

Price

3450 $

Language

Participants

1-15

Hotel

Hotel Meeting Room

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Why Choose this Course?

Managing Oil and Gas fields requires an understanding of the multiple facets of the oil and gas industry. The course is designed to familiarize the attendees with these facets and prepare them to become successful asset managers.

The course provides an opportunity to learn from someone who has worked in the upstream sector of the industry for 40+years and brings a wealth of practical experience, examples, hard lessons learned and presents them in an easy to understand manner.

This course will feature:

The art of developing an Asset Management Plan
Asset Management Process
Highly effective multi-disciplinary teams
Decision Tools like Decision Mapping, Front End Loading, Decision & Risk Analysis, Value of Information, Value Improving Practices
Role of Technology

What are the Goals?

By the end of this course, participants will be able to:

Develop realistic Asset Management goals
Learn about maximizing Asset Value
Decide the deliverables for major decisions
Learn to improve effectiveness and efficiency of work processes
Apply the principles to a real life Case Study

Who is this Course for?

This course is suitable for a wide range of professionals involved either full time or part time in managing oil and gas fields but will greatly benefit:

All discipline engineers in the Company (Reservoir, Drilling, Production, Petroleum, Project, Facilities, etc.)
Geo-scientists
Asset Managers and Personnel
Business Development, Commercial Managers, Joint Interest Managers
Operations Managers and Operations Superintendents

How will this be Presented?

This course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes:

Presentation & Interactive Dialogue
Class Exercises & Working in Teams
Simulating Partnership Meeting, Operator Meeting, and Meeting with the Government
Art of Negotiation

Training out line

Day One Building the Asset Management Plan

Introduction & Course Overview
Understanding Terminology
Asset Management Plan
Portfolio Management
Factors influencing Asset Value – Internal & External
Class Exercises

Day Two Process & Tools

Asset Management Process
Key Decisions and Deliverables
Who, Why and How of Multi-disciplinary Teams
Ensuring Discipline Quality
Introduction to Asset Management Tools
Class Exercises

Day Three Role of Technology

Role of Technology in Asset Management
Discussion of specific Technologies
- Reservoir Characterization/Reservoir Modeling
- Horizontal Wells
- Smart Well Technology
- Reservoir/Surface Integration Modeling
- Knowledge Management
Home Work Assignment

Day Four Asset Management Case Study

Introduction of the Case Study – A field development case
Form Teams
Participants spend the day solving the case and prepare a presentation for discussion

Day Five Lessons from the Industry & Wrap-up

Simulate an Operating Committee & Government Meeting
Discuss actual results
Common Mistakes in Asset Management
Continuous Improvement through Post Auditing

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