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Creating Value during Surface Facilities and Infrastructure
Development - Session I
Surface Facilities Requirements for Handling and Treating the Produced
Fluids; Design Standards, Environmental Impacts, and Required Facilities
for Processing Oil, Gas and Water.
Workshop: Prepare a Preliminary Design for the Surface Facilities
to Satisfy the Optimal Subsurface Design Option. Estimate Capital
and Operating Costs. Estimate Production Failure Risk under Various
Maintenance Programs.
Creating Value during Surface Facilities and Infrastructure
Development - Session II
Design of Pipeline, Port and Other Facilities Required to Deliver
Produced Fluids to Identified Markets.
Workshop: Plan the Proposed Pipeline and Port Facilities
Needed. Consider Other Possible Opportunities to Reach the Markets.
Creating Value through Market Optimization - Crude Oil Markets
Analysis of Crude Oil Markets Including FOB and CIF Sales, and Sales
to Refinery; Price and Volume Risks; Hedging of Risks; Negotiation
of Crude Oil Sales Contracts Subject to Final Field Design.
Workshop: Negotiate Crude Sales and, if appropriate, Tanker
Agreement.
Creating Value through Market Optimization - Natural Gas
Markets
Analysis of Gas Markets; Price and Volume Risks; Hedging of Risks;
Estimation of Market Prices; Appropriate Indexing; Negotiation of
Acceptable Agreements for Each Market Subject to Final Design.
Workshop: Negotiate Gas Sales Agreements for All Selected
Gas Markets.
Creating Value through Market Optimization - Gas Liquids
Markets
Analysis of Gas Liquids Markets; Estimation of Market Prices; Price
and Volume Risks; Hedging of Risks; Negotiation of Agreements Subject
to Final Design.
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Creating Value through Integrated Field Development Design
Preparation of Final Optimal Design for the Field; Consideration
of Market Prices for Production, Capital and Operating Costs for
Wells, Surface Facilities, Infrastructure and Related Needs.
Workshop: Prepare an Optimal Development Plan for the Field
Subject to the Financing Decision: Project Scheduling, Cash Call
Requirements, Personnel and Training Needs, Proforma Financials,
and Investment Analysis.
Creating Value during Operations: Managing Production Operations
and Maintaining Surface Facilities
Preparation of Safety and Maintenance Guidelines; Hazard and Risk
Assessment in Production Operations; Resource Planning; Optimizing
Condition and Time Based Maintenance.
Workshop: Assess the Hazard and Risks Associated with the
Production Operation and Surface Facilities, and Optimize Maintenance
Operations in the Field.
Creating Asset Value by Managing Capital Structure
Consideration of Whether Project Financing of the Development Costs
is Appropriate; Negotiation of the Financing Documents.
Workshop: Negotiate the Project Financing of Facilities.
Prepare Supplemental Financials; Present Final Development Plan
to Selected Board Members for Approval.
Decisions during the Producing Life of the Field
Subsequent Field and Market Decisions are made after Five, Ten and
Fifteen Years of Production. At Each Decision Stage, Financial,
Operational and Reservoir Histories are analyzed with the Objective
of Maintaining or Improving Performance.
Workshop: Analyze and Introduce Changes in Reservoir and
Operations Management, and Markets after 5, 10 and 15 Years of Production.
Analyze and Present Overall Workshop Performance; Analyze Your Team's
Overall Performance; Prepare and Deliver a Presentation on Power-Point,
Summarizing the Key Measures of Your Success.
Reporting Asset and Corporate Performance to Management and
Shareholders
Capital vs. Operating Cost; Depreciation and Depletion; Income Statement;
Balance Sheet; Cash Flow Analysis; Taxation and Tax Codes; Preparing
Corporate Financials; The Audit; Reading Published Financial Statements;
Evaluations and Company Corporate Performance.
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