Offshore E&P Project Development Workshop
This challenging digital workshop allows participants to learn the commercial, technical, economic, and project management processes (ie. the Industry’s stage-gate process) required to explore for and develop a modern, deepwater offshore field. It covers all aspects of a classical upstream project management process, including seismic program design and analysis, exploration and appraisal drilling decisions, field development planning including resources estimation, well and reservoir performance predictions, uncertainty management, and project economics.
All workshop communications and analysis tools (including well logs, reservoir simulation, risk analysis and financial models, and decision analysis) are made available to the learner in a digital framework. This unique instructional format includes engaging mentors who guide teams of participants step-by-step through the exploration and development of a deepwater offshore prospect in West Africa. Teams are asked to make sequential decisions to move an attractive exploration opportunity along a simulated project timeline, from the execution of the exploration agreement to the field development decision. Each team’s development decisions are captured by the digital application, and the financial outcome of those decisions are presented over a 20-year production period.
NOTE: IHRDC recommends that those attending this program have some background in upstream petroleum technology.