14 Sep, 2017

Building Value through an understanding of Basic Petroleum Technology in Conventional and Unconventional E&P

Facilitating the PetroSkills Basic Petroleum Technology course has taught me that professionals face a common constraint of creating and delivering value beyond their specialization. Our industry creates value by adding reserves and increasing production. Understanding how and when petroleum technology is used through the E&P Asset Management cycle is key to understanding how to maximize the value add of each professional. 

Over the years, I've seen how the class becomes unique to the individual needs of each participant when their professional and technical backgrounds are leveraged, and the designed curricula becomes context for enhanced learning through the sharing of experiences and aspirations.

The feedback and comments received over the years have taught me that industry professionals often focus on building careers through personal excellence. This course supports understanding the personal value in the greater context of the asset, and in turn, enabling greater individual and group excellence.

 

>> More info on Basic Petroleum Technology

 


 

There are many different groups of industry professionals that will benefit from taking the Basic Petroleum Technology course. We are going to take a look at a few examples of how the BPT course delivers value to them.

 

Frontier Groups - (Lawyers, Exploration Geoscientists, and Government Agencies) These attendees need a clear understanding of how today's decisions, regulations, and bid rounds will impact the mineral wealth and future development of their country or petroleum province. The ability to learn with professionals from around the world who have experienced resource monetization from exploration through mature production is priceless. Networks are built during the week that last long after the class. A Geophysicist representing his country in a new bid round at an industry convention told me his BPT participation had given him an understanding of his value to the government in supporting the growth of oil and gas. This benefits all stakeholders, and his career.

 

Early Career Technical Professionals - The industry recruits early career Petrotechnical staff for their domain knowledge and excellence, often at the masters and Ph.D. level. The BPT course gives context and process understanding, supporting the adjustment to team value created, as well as domain excellence.

 

Service Companies - These participants are focused on performing tasks at a given point in the asset life cycle. They compete against each other in their relative excellence. Account managers, sales engineers, and service leaders learn in BPT why they are at the table and how to support the client value proposition, not just their own. This understanding is critical to achieving valued partner status.

 

Equipment and Chemical Companies - A recent technical leader participant related how his chemicals company had seen less than planned success in their oil industry division. After attending BPT he had a better understanding of when and with whom to communicate their value proposition. They repositioned their product communications in the context of the asset life cycle and technical function group (Drilling, Stimulation, Production, EOR).

 

Software Companies - These participants use BPT to ensure their software technical support and service groups can evaluate and explain their offerings based on the problems the client is trying to solve, rather than demonstrating software operation and competitive features.

 

IT and Tech Software Support - In my experience, IT participants have benefitted greatly from BPT. IT staff have an important role in a company, they interface with all departments and with many applications. Industry terminology and common usage terms that mean different things cause significant stress, communication barriers and frustration. For example, a participant once asked why are datum and porosity data differ depending on who is using which software package? IT participants typically leave able to better communicate, as well as discriminate data requirements by application and Petrotechnical role. They understand the why, who where and when of each software application in the asset life cycle. 

 

Planning, Accounting, Investment Analysts, Legal, Supply chain HR and L&D -  Company processes and human capital excellence depend on these “Non-Technical” highly credentialed industry professionals. BPT allows them to quickly understand the industry and their companies' value proposition. Phrases such as “I’ll never worry about our weekly senior leaders meeting again” and “Now I can feel comfortable asking technical leaders a question without feeling insecure” are common as we progress through the week. Over the years, financial analysts covering our industry for investors and stockholders have taken the course. Their feedback is as they return to their workplaces, they better understand how these companies create value and the context of the industry.

 


 

A trivia question from BPT: Where in Europe did one of the “geological time lords” first observe and document a “Thrust Fault”?

 

Basic Petroleum Technology (BPT) provides the participant with an understanding of basic petroleum technology in the context of the Petroleum Value Chain and Asset Management, from exploration to abandonment. To enroll in an upcoming session taught of BPT, register here. Upcoming sessions include:

Houston,16-20 October taught by Mr. Gerry Ross

London, 6-10 November taught by Mr. Gerry Ross