Course Summary

This course is designed to deliver business improving appreciation and management of uncertainties and risks. The petroleum industry faces many risks but subsurface risks and uncertainties are very important to resolve since all decisions are based on their consideration. Understanding Subsurface risks requires an understanding of rocks and how they impact business decisions.

This course - taught by oil and gas business men who just happened to start life as a Petroleum geologists - will focus on the business and rocks. The aim is not to make you a geologist (although geology rocks!) but make you solve oil and gas problems better.

You will learn the fundamental principles underpinning geological considerations and how this impacts on subsurface and surface risk management.

Who Should Take the Course

This course is designed for participants with little understanding of geology. It is recommended for Subsurface & Production engineers, Economists, Commercial, Finance, Asset Management & HR Personnel. Government officials working in energy agencies, University and other learning institutions hoping to be involved in delivering consultancy to the Petroleum Industry and investment analysis professionals working on energy stocks will also benefit from this course.

Course Outline:

Day 1

• Class Introduction
• Course Expectations
• The Key E&P Subsurface Considerations
• “The filling in the Gap question”
• “The Known to Unknown principle”
• Introduction of Geological Principles
• Space and Time Conundrum
• -Introduction to the geological time scale
• The Rock Cycle
  • Igneous, Metamorphic, Sedimentary
• Introduction to Structural processes
  • Plate Tectonics
  • Extension and Contractional processes
• Introduction  to Sedimentary Processes
  • Tectonostratigraphic Considerations
  • Basin Formation
  • Depositional Environments – Clastics & Carbonates
• Introduction to Stratigraphic Considerations
  • Biostratigraphy
  • Lithostratigraphy
  • Sequence Stratigraphy
  • Class Exercises

Geological Data, Tools and Methods

• Geophysical Data
  • Seismic
  • Potential Field data
• Geological Data
  • Outcrops
  • Well Samples
    • Ditch Cuttings
    • Sidewall Samples
    • Cores
• Petrophysical Data
• Logging
• Correlations
• Mapping

DAY 2

Geology In Exploration

• Petroleum System Analysis
  • Source Rocks
  • Reservoirs
  • Trap
  • Seal
  • Migration
  • The concept of critical Timing
• Introduction to the Play concept

Recap And Summary

Geology In Exploration

• Play Fairway Analysis
• •Play Definition and Distribution
• •Play Segments
• •Play Maps
• •Leads and Prospects
• •The concept of CoS (Chance of Success)

DAY 3

• •Portfolio Management
• •Application to Building New Business
  • •Frontier Exploration
  • •Near Field Exploration (NFE and NIE)
  • •Evaluating assets for M&A and other such activities
• •Defining Operational Requirements
• •Selecting Well Locations
• •Data Acquisition planning
• •Mapping and New Ventures

Geology in Development

• Evaluating Exploration Discoveries
• Appraisal Drilling/Planning campaign
• Seismic Interpretation – (More 3D)
• Reservoir Characterisation
• Static Reservoir Modelling and Volumetrics
• Rock Sampling
• Field Development Planning
• Reservoirs
• Wells & Facilities

Geology in Production

• Reservoir management
• Updating Reservoir Models
• Attic Oil Identification
• Addressing Production Challenges

Other Areas

Carbon Storage Reservoir Studies

Geotechnical Survey

Environmental Studies

Recap And Summary