UPSTREAM OIL & GAS ASSET MANAGEMENT
Course Code
EOG 301
Category
Oil & Gas
Scope
Oil & Gas
Duration
4 days
Status
ACTIVE
Competency
Ability to manage upstream oil and gas assets throughout their lifecycle.
Target Audience
Upstream asset managers, petroleum engineers, and oil and gas professionals.
Course Overview
This training course offers a comprehensive overview of upstream asset management, from initial exploration to long-term optimization. Participants will gain a deep understanding of the key stages and critical decisions involved in managing oil and gas assets. The curriculum covers essential topics such as HSE (Health, Safety, and Environment) considerations, economic analysis of energy projects, and strategic decision-making in exploration, appraisal, and field development. The course is designed to equip professionals with the knowledge needed to maximize the value and efficiency of their assets throughout their lifecycle.
Learning Objectives
- Understand the complete lifecycle of an upstream asset, from discovery to abandonment.
- Analyze the critical HSE issues and investment considerations for energy projects.
- Make informed decisions during the exploration and appraisal phases of a well.
- Evaluate and select optimal strategies for field development.
- Implement best practices for the ongoing optimization of existing assets to enhance performance and profitability.
Daily Topics
Day 1: Asset Lifecycle – Exploration, Appraisal, Field development; SPE PRMS, UNFC, ISM Code.
Day 2: HSE & Economics – HSE considerations, Economic analysis; ISO 45001, ISO 14001, MARPOL, OPRC Convention.
Day 3: Decision-Making – Exploration decisions, Appraisal decisions; National oil and gas regulations, Production Sharing Agreements.
Day 4: Optimization – Asset optimization, Performance, Case studies; IMO GHG Strategy, industry best practices.
References
ISM Code (safety management), ISO 45001 (Occupational Health and Safety), ISO 14001 (Environmental Management), MARPOL (environmental compliance), OPRC Convention (oil pollution preparedness), SPE PRMS (Petroleum Resources Management System), UNFC (UN Framework Classification for Resources), IMO GHG Strategy, National oil and gas regulations, Production Sharing Agreements.
Upcoming Course Dates
March 30 – April 2, 2027