Maximizing Host Government Value

Course Duration: 2 days | Time: 8am to 4pm | Course Locations: Lagos, Houston, Bali

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Have you ever wonder why there are parts of the world where expected average ultimate oil recovery factors (URF) are exceeding 50% even in challenging offshore environments like the Norwegian and UK North Sea while in many parts of the world the expected URF is averaging between 30% and 40%? From our observations in working in various countries we see that the role of host government plays a very important role in driving the implementation of key differentiating technologies to maximize oil recovery and value for all stakeholders.  For example, early implementation of water-alternating-gas (WAG) technology in many Alaskan oil fields yielded URF exceeding 50% and in some cases reaching 70%.  Another example, the early deployment of waterflood, EOR and 4D seismic in the North Sea yielded average URF in the UK and Norwegian sectors to be above 50% despite a very challenging offshore environment. Our observation is that in both cases the host government played key roles in working with and in some cases challenging operators to consider, evaluate and implement relevant technologies early on in the field development. In this workshop, we will discuss key technologies required to maximize oil recovery and how host government can constructively drive and push for their implementations to maximize oil & gas recoveries. Several case studies will be presented.  Videos will be played to compliments the lectures. Participants are encouraged to give a 15 minutes presentation of own challenges and blockers.  All selected presentations will receive feedbacks from instructors and other participants.
1.Introductions
2.Overcoming the challenges associate with PSC terms
3.What is life cycle planning and why is it relevant to host governments?
4.The concept of field technical limits What is the technical potential of a field? How to quantify the field potential? Imposition of physical and economic limits North Africa case study
5.Driving the technology and development roadmaps
6.What are the major oil field development options? Primary recovery Secondary recovery (waterflood and/or others) Tertiary recovery (EOR) Other considerations: artificial technology and well design
7.Participants presentation and feedbacks
8.Would you like to get 50% of the STOIIP in 20 years or in 100 years? An exercise in comparing the NPV of the 2 options. What can be done to maximize URF in 20 years.
9.Exercise on NPV Long vs. short term value of oil production
10.Factoring in operating environments into a development Offshore Onshore
11.The impact of production deferment on putting reserve at risk Early field abandonment offshore and/or high cost environments Political instability
12.Case Studies An underperforming area Offshore North Sea Alaska
13.Constructively driving/challenging the implementation of technologies vs destructive mandates.
14. Expertise and Capability requirements to drive the process
15.Participants presentation and feedbacks
16.Class exercise
All who are interest in getting the most from your oil & gas fields to maximize value for all stakeholders. Participants are encouraged but not required to bring own laptop with Excel software installed to do exercises