Exploration and Production Process Basics: Understanding the Petroleum Industry Value Cycle - EPB

Discipline: Introductory and Multi-Discipline Training
Level: Basic
Instructors who teach this course:
  • Dr. Omar Barkat
  • Mr. Eric A. Foster
  • Mr. Ron Hinn
  • Mr. Larry Lens
  • Mr. Gerry H. Ross
  • Dr. George Slater


Related courses
Basic Petroleum Technology - BPT
Overview of the Petroleum Industry - OVP
Introduction to Petroleum Business - IPB
About the course Designed For You will learn Course Content
About the course
This workshop describes the petroleum value chain from prospect identification, to project commissioning, to final abandonment. Participants will leave this course with a firm understanding of the petroleum industry, including the knowledge and tools necessary to understand the relationships and dependencies across the E&P industry. The course offers a fresh look at a range of critical, inter-related topics and will be taught with the modern learner in mind. Multiple tools, such as peer-based learning, internet resources, hands-on exercises, in-depth team workshops, and group discovery sessions, will be used to ensure learning retention and recall. Participants work as members of multi-disciplinary teams using real oilfield data in interactive workshops that illustrate technology/business concepts. Each team will be accountable for the results of their interpretations in a safe, constructive learning environment. Other skills will be learned in short hands-on exercises that reinforce the lectures. Lecturers are widely experienced oil field professionals who can share experiences from a number of technical settings and organizational approaches to give the students a broad view of the industry and its participants. The extended workshops conducted during the course include an exploration/discovery workshop, an appraisal workshop to define the static and dynamic models for a new discovery, and a facilities workshop in which the students fit the facilities to their newly-defined discovery. Uncertainties, risk management, business practices, and project management lessons are learned through these team events. One personal computer is supplied, at added cost, for every two participants.
Designed For
Newly-hired engineers and geoscientists.
You will learn
  • Exploration/production overview
  • Basic petroleum geology and geophysics principles
  • Log interpretation basics
  • Drilling basics
  • Basic reservoir, production, and facilities engineering
  • Business principles governing E/P
Course Content
  • Opportunity identification
  • Elements of petroleum environment
  • Play to prospect to field technologies
  • Concessions and contracts
  • Find and define an asset
  • Appraise an opportunity
  • Build a field development plan
  • Facilities: gas, oil, design, construction, processing, maintenance, decommissioning
  • Building an effective team
  • Company/industry processes and procedures