Introduction and Workshop Overview
Introduction of Participants; Overview of the Workshop Setting; Workshop Schedule, Expectations, and Key Decision Points; Formation of Teams.

Overview of Asset Management
Overview of Oil, Gas and Power Value Chains; Asset Management Objectives and Scope; Asset Value Measurement; Asset Value Creation Opportunities Throughout a Petroleum Project and Over its Life Cycle; Asset Value Creation as a Risk Assessment Process; Asset Value Creation as a Management Process and a Corporate Culture.

Oil and Gas Project Formulation and the Development Process
Major Components of an Oil and Gas Project: Host Government Agreements, Permits, Resources, Technology and Processes, Financial Capital, Financing, Markets, Operations, and Personnel; The Life Cycle of an Upstream Project: From Country Selection to Abandonment.

Measuring and Creating Asset Value
Investment and Income Cash Flow Before and After Tax; Net Cash Flow Stream and Payout; Time Value of Money; Present Value of Net Cash Flow; Internal Rate of Return; Benefits of Debt Financing; Risk Assessment and Sensitivity Analysis; Summary of Economic Yardsticks.

Workshop: Review Economics of Typical E&P Investment Opportunities.

Risk Analysis and Management of Upstream Project Risks
The Process of Risk Analysis; Application of Risk Analysis Processes and the Management of Risk in all Aspects of the Upstream Asset Development.

Successful Asset Management: The Integrated Team Culture
The Important of the Team Approach to Asset Management; Organizing and Managing Asset Teams; Setting Stretched Team Goals; Defining Team Competencies; Implementing Strategy through Balanced Score Cards; Selecting, Empowering and Rewarding Teams; Creating the Corporate Culture for Team Success.

Creating Asset Value When Selecting Exploration Opportunities and Negotiating Host Government and Joint Venture Agreements
Summary of the Terms of the Host Government Agreement Negotiated for this Prospect; the Opportunity and Timing of Admitting Risk-Sharing Partners; Summary of the Joint Operating Agreement Terms.

Workshop: Review Host Government Agreement and Negotiate Outstanding Terms.

Creating Value through Careful Implementation of HSE Programs
Considerations of Health, Safety and the Environment on the Upstream Asset; Sustainable Development Issues; Project Financing Requirements; Typical Regulations and Permits.

Workshop: Prepare the Scope of the Environmental Assessment Program.

Creating Asset Value by Applying Technology During Exploration
Selecting the Ideal Exploration Well; Preparation of the Well Plan for the Exploration and Appraisal Wells; Selection of Sampling and Evaluation Methods; Preparation of AFE; Submission of Application for Drilling Permit; Issuance of RFP for Drilling Services; Review of Bids and Selection of Contractors.

Workshop: Make Exploration and Appraisal Well Decisions.

Creating Asset Value through Reservoir Exploration Process - Estimate Resources
Prepare Geological Model and Estimate Resources; Review of Available Data and Preparation of a Geological Reservoir Model; Estimation of Hydrocarbon Resources in Place Using Deterministic and Stochastic Methods.

Workshop: Prepare Geological Maps, Cross-Sections and Reservoir Stratigraphy, Estimate Oil and Gas-in-Place.

Creating Asset Value through Reservoir Development Process - Drilling and Well Completion
Preparation of Drilling and Well Completion Plans; Well Trajectory Options; Specification of Preliminary Drilling, Well Spacing and Well Completion Plans; Estimation of Expected Well Productivity; Well Spacing; Estimation of Drilling and Well Completion Costs; Stimulation Decision.

Workshop: Prepare Preliminary Well Plans and Estimate Capital Costs.

Creating Asset Value through Reservoir Development Process - Reservoir Production Performance Analysis
Field Development Decision: Prepare Reservoir Model and Predict Reservoir Performance under Natural Depletion, Artificial Lift and Enhanced Recovery; Natural Drive Mechanisms; Preparation of Preliminary Reservoir Development Plans Using Various Well Spacing and Maximum Plateau Production Rates for the Field; Well and Field Performance Profiles For Various Assumptions; Incorporation of Uncertainty and Risk Assessment.

Workshop: Develop a set of Projected Production Profiles based on Natural Depletion, Artificial Lift and Enhanced Recovery Options. Consider Well Spacing, Recovery Factors, and Plateau Production Levels. Estimate the Capital and Operating Costs; Market Prices and Revenues; List the Risks, and Evaluate the Uncertainty in the Projected Production Levels. Estimate and Mitigate Risk.