Course Description

This practical and highly-interactive course includes reallife case studies and exercises 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 The International Petroleum Business: A Challenging Simulation Program. It covers the energy industry with global significance, market dynamics and key driving factors; the exploration agreements and financial models; the importance and role in petroleum business, key components and stakeholders; the terms of the exploration agreement and financial model to evaluate project value drivers; and the importance and uses of seismic data in exploration and key principles of seismic survey interpretation. Further, the course will also discuss the seismic program alternatives and selection criteria based on project needs; the operational aspects of seismic programs, mapping techniques and interpretation; the significance, methods and challenges of exploration and delineation drilling; the well location selection and evaluation techniques for formations; the purpose and components of an appraisal well program; the methods for reserve estimation and commercial evaluation; the field development strategies and reservoir management for longevity and maximum extraction; and the different field development options and selecting the best alternative of field production capacity considerations, well count and spacing optimization

TRAINING METHODOLOGY

This interactive training course includes the following training methodologies:

30 % Lectures
20 % Workshops & Work Presentations
20 % Case Studies & Practical Exercises
30 % Videos, Software & Simulators

In an unlikely event, the course instructor may modify the above training methodology for technical reasons.

VIRTUAL TRAINING (IF APPLICABLE)

If this course is delivered online as a Virtual Training, the following limitations will be applicable:

Certificates	:	Only soft copy certificates will be issued
Training Materials	:	Only soft copy materials will be issued
Training Methodology	:	80% theory, 20% practical
Training Program	:	4 hours per day, from 09:30 to 13:30