Energy Management Institute announced its Upstream Oil and Gas Fundamentals course will be held November 16-17, 2011, at the Norris Conference Center, Houston, Texas. The course will help attendees understand the upstream petroleum industry, from exploration through appraisal, reserves recognition, development, and production to the sales transaction point.
Topics covered include:
Land lease acquisition and obligations of the operator
- Exploration program planning and goals
- Geologic risk and how it is quantified
- Drilling and how a well is planned
- Vertical vs. directional vs. horizontal drilling choices
- The importance of appraisal work
- What are the key issues in determining how a field is developed
- Definitions of proven, probable and possible volumes
- Reservoir engineering to optimize the recovery
- Special techniques to recovery more oil, i.e., waterflooding, miscible gas injection, polymer-surfactant injection and thermal processes
- Where petroleum economics impacts the discovery-appraisal-development-production stages
- The theory of peak oil production … why prices are going upward
Actual examples from industry will be used to illustrate decision processes. Instructors will deliver a high-level view of the technologies employed by the industry, giving even the non-technical attendee a feel for the business. Ample time will be provided for Q&A and interaction with the instructor with 30-plus years of industry experience.