Basic Petroleum Economics for Technical Professionals.

Venue: Melia Hotel

Location: Kuala Lumpur, Malaysia

Event Date/Time: Jan 10, 2008
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Description

Could you answer the following three questions for your next project?
What will it cost? What is it worth? Will it earn sufficient profit?
Before undertaking any project, these questions should be answered. The material covered in this 3-day course will provide the fundamentals necessary to enable you to do so. Contractual arrangements, which also significantly impact the economic viability of a project, are also covered. Participants practice cash flow techniques for economic evaluations and investigate frequently encountered situations.

WHAT YOU WILL LEARN :
• Gain updates on new technology and improvements in multi-lateral wells, smart completions, expandable tubulars, drilling the limit
• Learn special techniques of drilling the well through deviated and horizontal drilling.
• Ascertain project performance indicators (NPV, IRR, payback, UTC etc) and why they are used.
• Understand incremental project economics (often short term projects), exercise to compare various workover options.
• Ability to design and analyse a well workover and to replace gaslift with Electrical Submersible Pumps (ESPs).
• Benefit from exercises on well monitoring/decisions based on mudlogs and/or Measurements While Drilling (MWD) logs


WHY THIS TRAINING IS UNIQUE:
• The program covers topics for both technical and non technical drilling professionals
• Address the core competency skills needed to be a competent drilling professionals
• It provides a roadmap for new drilling professionals
• Up to 10 latest and updated case studies and practical exercises
• An experienced facilitator who have worked, trained and consulted the oil and gas industry for more than 34 years
• No risk quality guarantee
• Class size limited to 25 only to ensure interactivity.

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