Course: A beginner's guide to Petroleum Project management

July 29, 2022
Actus Veritas Geoscience
Dr. Kevin Schofield explains the purpose and logistics of the practical virtual classroom: Integrated Projects: A beginner's guide or Everything you wanted to know about working on the project but were afraid to ask. The course is based on an MSc-level week-long course taught for a UK University contracted to a major NOC.
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Dr. Kevin Schofield explains the purpose and logistics of the practical virtual classroom: Integrated Projects: A beginner's guide or Everything you wanted to know about working on the project but were afraid to ask. The course is based on an MSc-level week-long course taught for a UK University contracted to a major NOC.

VIDEO: Kevin Schofield - introducing his short course

Description

This hybrid short course presents what we believe to be the essentials in a series of lectures and short exercises. Lectures are pre-recorded and could be viewed on-demand. Exercises are explained in the ideos, and results are discussed in virtual web meetings

Requirements

Web-enabled device capable of streaming videos.

Modules

LECTURE 0: Introduction of The Project Stage-Gate

Dr. Kevin Schofield explains the purpose and logistics of the practical virtual classroom: Integrated Projects: A beginner's guide or Everything you wanted to know about working on the project but were afraid to ask. The course is based on an MSc-level week-long course taught for a UK University contracted to a major NOC.

The premise is that many individuals in the industry enter into projects early in their career with little prior knowledge of how projects are structured or the depth of integration necessary for a project to be successful, either because they previously worked in exploration, or because they are new to the industry, and little formal training is provided by most companies on the topic.

This short course presents what we believe to be the essentials in a series of lectures and short exercises.

LECTURE 1: Gate Process Exploration Legacy

Dr. Kevin Schofield reviews the inherited uncertainties from the exploration phase and its implications to Project Development decision-making within a stage-gate framework: dealing with Risk, Uncertainty & The Exploration Legacy.

LECTURE 2: Stage-Gate Project Management

In lecture two, Dr. Kevin Schofield covers the definition of the project and successful project delivery organization.

LECTURE 3: Definition of Stage-Gate Processes

Dr. Kevin Schofield provides an overview of a Stage-Gate Process that is a framework for business decisions, particularly those involving significant capital commitments, to be made under optimum circumstances using the highest quality inputs.

LECTURE 4: Stage-Gate Initiate (+ EXERCISE 1)

Dr. Kevin Schofield in this lecture covers the Initiate Stage when the business case and scope for a project are agreed upon and approval is given to commence work. The first part of a three-step exercise is explained at the end of the lecture.

LECTURE 5: Assess Stage-Gate Framing

Dr. Kevin Schofield discusses Framing - a vitally important sub-process within the overall discipline of the Stage Gate. Framing sets the stage and mindset for the project team as they move forward with the work of data collection and analysis.

LECTURE 6: Stage-Gate Process Assess

Dr. Kevin Schofield reflects on the importance of the Assess Stage. He characterizes it as the most critical period of a project in terms the questions we ask ourselves (and are asked by peers and leadership) and the way that we arrive at the answers.

LECTURE 7: Stage-Gate Process Data Management

The stage gate process is designed to highlight, manage and mitigate risk. In this lecture, Dr. Kevin Schofield demonstrates the value of data and how it relates to the actions during project delivery. How does this translate into the stage gate process, and what questions should we be asking?

LECTURE 8: Stage-Gate Process Volumetrics

Dr. Kevin Schofield will cover the fundamental principles that drive the calculation engines of the applications we use. You may find this a little old-fashioned, but you may also find these simple back-of-the-envelope methods useful as a quick check on a project in a data room, or even as a calibration of a model of your own.

LECTURE 9: Stage-Gate Process Reserves and Resources

Dr. Kevin Schofield reviews definitions of the Reserves and Resources, the categories and the industry regulations.

LECTURE 9B: Stage-Gate Initiate (EXERCISE 2)

The second part of a three-step exercise.

LECTURE 10: Stage-Gate Select

Dr. Kevin Schofield focuses on the questions: How to select the option that delivers optimum value considering the downside risk and upside opportunity involved and How to Refine a project plan as necessary delivering the optimum development concept.

LECTURE 11: Stage-Gate Petroleum Economics

Dr. Kevin Schofield focuses on the questions: How to select the option that delivers optimum value considering the downside risk and upside opportunity involved and How to Refine a project plan as necessary delivering the optimum development concept.

LECTURE 11B: Stage-Gate Petroleum Economics (EXERCISE 3)

Third exercise of the course.

LECTURE 12: Stage-Gate Process Define and Execute

‍

DOMAINS
Petroleum Project
Stage Gate Project
Risk and Uncertainty
Play/Prospect Risk Evaluation
Exploration
Play Based Exploration
Data Management
Valuation and Reserves
Volumetrics
Petroleum Economics
Geography
Global
Latin America
GOM USA
Africa
Middle East
Asia Pacific
Southeast Asia
AUTHOR
COAUTHOR(s)
No items found.
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The Northeastern South American margin is defined by Eastern Venezuelan and Guyana Basins bound to the south by the Guayana Shield and Demerara Plateau. The Margin is emerging as a potential major petroleum province with recent discoveries made in the new play types in Guyana basin with a prolific Cenomanian-Turonian source rock and mostly clastic reservoirs of Cretaceous age. Hydrocarbon production from mostly clastic reservoirs exists in the Eastern Venezuelan Basin onshore for more than 100 years but there was no recent exploration activity offshore.

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The Northeastern South American margin is defined by Eastern Venezuelan and Guyana Basins bound to the south by the Guayana Shield and Demerara Plateau. The Margin is emerging as a potential major petroleum province with recent discoveries made in the new play types in Guyana basin with a prolific Cenomanian-Turonian source rock and mostly clastic reservoirs of Cretaceous age. Hydrocarbon production from mostly clastic reservoirs exists in the Eastern Venezuelan Basin onshore for more than 100 years but there was no recent exploration activity offshore.
The lessons of Silicon Valley and why the model doesn’t fit Houston
Nov 21, 2019
Katya (Ekaterina) Casey

There is so much talk about building new Silicon Valley in Houston but I think there is very little understanding of what it really is and what should be built in Houston.

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There is so much talk about building new Silicon Valley in Houston but I think there is very little understanding of what it really is and what should be built in Houston.
Digital Transformation or Digital Maturation
Apr 15, 2019
Katya (Ekaterina) Casey

Steven Zobell in his article published by Forbes magazine in March of 2018 estimates that in 2018 enterprises will invest $1.3 trillion USD in Digital Transformation projects to “improve efficiencies, increase customer value and create new monetization opportunities”. In the same research, Steven analyses the reasons why 70% of these initiatives will not reach the objectives. AVGeo specialists were involved in digital workflow improvement projects in 2018 and would like to share our experiences and see if the predictions of Steve Zobell were correct.

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Steven Zobell in his article published by Forbes magazine in March of 2018 estimates that in 2018 enterprises will invest $1.3 trillion USD in Digital Transformation projects to “improve efficiencies, increase customer value and create new monetization opportunities”. In the same research, Steven analyses the reasons why 70% of these initiatives will not reach the objectives. AVGeo specialists were involved in digital workflow improvement projects in 2018 and would like to share our experiences and see if the predictions of Steve Zobell were correct.
Human Capital In a World of Analytics and Big Data in Exploration Workflows
Apr 1, 2019
Katya (Ekaterina) Casey

In this presentation, I've discussed human cognitive learning while working with different sets of Big Data in Petroleum Exploration workflows. An effective reduction in the volumes of Big Data without information loss, AI in seismic interpretation and spatial analytics, and a visual aggregation of the single-threaded evaluations into a comprehensive multithreaded business decision are required for delivery of successful exploration programs

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In this presentation, I've discussed human cognitive learning while working with different sets of Big Data in Petroleum Exploration workflows. An effective reduction in the volumes of Big Data without information loss, AI in seismic interpretation and spatial analytics, and a visual aggregation of the single-threaded evaluations into a comprehensive multithreaded business decision are required for delivery of successful exploration programs
My Take on Forecasting of Oil Prices
Aug 1, 2019
Katya (Ekaterina) Casey

I think the biggest driver in oil price vulnerability is a human factor once again and people tend to overreact to the bad news. They do not take the time to take a step back and to look at a longer trend.

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I think the biggest driver in oil price vulnerability is a human factor once again and people tend to overreact to the bad news. They do not take the time to take a step back and to look at a longer trend.
Opening a white page of 2019
Jan 1, 2019
Katya (Ekaterina) Casey

The New Year had started, and it's time to take an objective look at lessons learned in 2018, and the new opportunities ahead in 2019.

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The New Year had started, and it's time to take an objective look at lessons learned in 2018, and the new opportunities ahead in 2019.
Solving the Passive Margin Play Map Paradox offshore Uruguay – The Value Density Proposition
Oct 25, 2019
Katya (Ekaterina) Casey

Presented at First HGS/EAGE Conference on Latin America, November 2019 The existing perceptions of the offshore Uruguay petroleum system assessment may be challenged by an analysis of the failure modes of three exploration wells drilled in the basin. This is an underexplored basin with a poor exploration record. Arguably, the wells tested prospect-specific locations but left other plays of interest untested.

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Presented at First HGS/EAGE Conference on Latin America, November 2019 The existing perceptions of the offshore Uruguay petroleum system assessment may be challenged by an analysis of the failure modes of three exploration wells drilled in the basin. This is an underexplored basin with a poor exploration record. Arguably, the wells tested prospect-specific locations but left other plays of interest untested.
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