Course overview
Field Development Planning gives an overview of the process and methods for developing an optimum plan for developing a petroleum deposit. Key project drive indicators are discussed, and it is shown how various disciplines interact in their quest for maximising the value of a project. The course covers all aspects of field development planning, commencing with screening studies, after discovering hydrocarbons, to project sanction. In particular, it is shown that the development planning phase has the potential to add maximum value, when compared to all other phases of the life cycle as such this phase is most critical. These aspects are presented in detail in terms of actual case histories. It is shown how a proper balance has to be struck among key elements: reservoirs, wells and facilities, not to mention the balance between minimising costs and maximising value, often recovery. Other key essentials, such as flexibility and risk management are also covered. The project is based on an actual data set involving an offshore development. The aim is to study the exploration results and to develop a recommendation for the optimum field appraisal plan. The second part of the project involves the feasibility and development of the optimum field development plan. Participants work in small teams and submit written reports. Students also present their results in front of an academic/industry panel.
- Decision Making And Economics
- Basis Of Ifdp
- Ifdp Group Project Work
Course learning outcomes
- Apply workflows in major studies in petroleum engineering or petroleum geosciences
- Apply multiple data aspects - searching, evaluating analysing and synthesising/ integrating, being exposed to actual data sets from the petroleum industry
- Students will as part of a multidisciplinary teams where they are integrating their solution as part of a larger effort. Innovation and creativity are stressed in finding workable solutions
- Demonstrate the ability to work in teams with a high degree of interaction, communication and making presentations to a panel (academic and industry)
- Outline the latest techniques on a real world problems and apply contemporary technologies
- Demonstrate the ability to complete extensive literature searches, including the use of the internet, in order to broaden their knowledge and to awaken their curiosity
- Employ a project management role, guiding their team. Students also have the opportunity to meet managers from the industry
- Explain safety, health and environmental issues and decide on how to appropriately deal with these