Oil and Gas Business Simulation with OilSim
Discipline:
E&P Introduction and Fundamentals , Business Simulator
Level:
Awareness
Duration:
2 Days
Delivery Mechanism:
Classroom with Simulator
Brief:
This course will provide participants with an enhanced understanding of the whole petroleum exploration and production value chain from geoscientific, engineering, and economical perspective.
On completion of this course, participants are expected to be able to:
- Explain the overall oil and gas exploration, development, and production process
- Interpret geophysical, geological, and engineering data used in exploration, development and production
- Assess the economic viability of reservoirs. Know elements reservoir depletion, including secondary recovery issues
- Compare and evaluate different field development designs
- Create field development project plans and understand the practical implications when implementing the plans
- Know the implications of different decisions in the operations phase
Participants are grouped in teams and each team acts as a virtual petroleum company in the business simulation OilSim. The team challenge is to explore and discover oil and gas, then create and implement a plan for developing the field, and finally operating it until it is abandoned. An experienced OilSim instructor guides the participants through the process