Fundamentals of Oil and Gas Industry Operations

Objectives

• Overview of the Oil & Gas Industry
• Prospecting and exploration
• Domestic and international leasing
• Drilling, testing, and completion
• Reserves Evaluation
• Production and maintenance
• Transportation and storage
• Refining, gas processing, liquefied natural gas (LNG), petrochemicals, and natural gas liquids (NGLs), etc.
• Marketing, pricing, and economics

Outline

General Overview of the Industry

• The petroleum industry
• Typical oil & gas Company objectives
• Typical oil & gas Industry activities
• Typical oil & gas industry organization structure
• Interaction between various disciplines
• Meaning of petroleum
• Brief History of the oil & gas Industry
• Uses of petroleum
• Historical crude oil prices
• Worldwide reserves and production

The Origin of Oil & Gas

• The nature of crude oil
• Classification of oil and gas
• Typical oil and gas composition
• Requirements for hydrocarbon accumulation and migration

Reservoir Rock Properties, Traps and Faults

• Porosity
• Capillary pressure
• Permeability
• Structural and Stratigraphic traps

Petroleum Prospecting (Exploration)

• Petroleum prospecting
• Seismic data acquisition
• Stratigraphic cross-section

Reservoir Mapping

• Structure map
• Isopach map

Control of Petroleum Exploitation

• Aspects of leasing
• International contracts
• Typical contract terms
• Concessionary system
• Production sharing system
• Risk service contracts
• Government take

Drilling Operations

• Drilling contracts
• Components of rotary rig
• Routine drilling operations
• Functions of drilling mud
• Classification and functions of casing
• Cementing
• Well control

Type and Orientation of Wells

• Types of wells drilled
• Orientation of wells drilled

Evaluating a Well

• Evaluating a well
• Coring
• Open hole logging tools
• Cased hole logging tools
• Well testing

Reservoir Drives

• Solution-gas drive reservoir
• Gas-cap drive reservoir
• Water drive reservoir
• Combination drive reservoir

Well Completions

• Factors in completion design
• Completion types
• Reservoir stimulation

Artificial Lift Systems

• Why use artificial lift?
• Beam pumping and gas lift
• Hydraulic and Electrical submersible pumps

Separating and Treating Well Fluids

• Crude treatment and processing
• Treating natural gas

Maintenance of Facilities

• Well servicing and work over
• Remedial cementing

Oil & Gas Reserves

Reserves evaluation methods

• Oil and gas reserves estimates
• Volumetric estimates
• Decline curves analysis
• Economic limit

Reservoir Management

• Maximize oil & gas recovery
• Improved oil recovery
• Field development activities

Oil & Gas Processing

• Crude oil refining
• Gas processing

Crude Oil Marketing

Transportation of Oil & Gas

International Contracts

• Concessionary system’s cash-flow
• Production sharing system’s cash-flow

Project Economics

• Data required for economics
• Cash-flow projections
• Typical decision yardsticks
• Characteristics of ideal yardsticks

Investment Selection & Decision-Making

• Investments types
• Types of investment decisions
• Investment decision-making
• Uncertainties in oil and gas investments

Who Should Attend ?

• Finance and Accounting
• Banks and financial institutions
• Human resources and planning
• Legal and marketing
• Security and secretarial staff
• Chemists and technicians
• Field supervisors and training specialists
• Contracts and materials procurement specialists
• Information systems and health, safety & environment (HSE) specialists
• Administrative and technical support staff