The Integrated Upstream Petroleum
Business Workshop: From Exploration to
The objective of this program is to present, in a challenging workshop format that encompasses approximately 50 percent of the available instruction time, the essential analysis and decisions that are made by geoscientists, engineers, and project managers, working in multidisciplinary teams, as they explore for and develop a deepwater, offshore petroleum prospect in Atlantica, an island republic in the Gulf of Guinea, West Africa. The workshop consists of team participation in a realistic stage-gate project management simulation of this major upstream project. Workshop sessions are devoted to host country agreements, seismic program design and analysis, exploration drilling decisions, field development planning, including deterministic and probabilistic reserves estimation, well and reservoir performance evaluation, surface facilities design, risk and uncertainty management, project economics including sensitivity analysis, and the management of field production through the full E&P life cycle.
The program also incorporates the commercial aspects of upstream decisions through sessions on the analysis of host country fiscal agreements, joint venture arrangements, measuring company financial performance, obtaining debt and equity capital, marketing of oil, gas and gas liquids and satisfying the many regulations that are a necessary part of today’s industry. During the program teams make short presentations to their mentors and a major one at the end of the program summarizing their decisions and overall performance. The best performing team wins the Atlantica Workshop Prize.