Course Objectives:

By the end of this training, participants will be able to:

1. Introduction to Field Development Planning (FDP)

• Understand the role and importance of Field Development Planning (FDP) in the lifecycle of an oil and gas field, from exploration to decommissioning.
• Explore the traditional approach to field development and its limitations in managing the entire lifecycle of a field.
• Understand the concept of integrative life cycle management and how it applies to field development, emphasizing sustainability and long-term value creation.
• Review the key phases of field development: Exploration, Appraisal, Development, Production, and Decommissioning.

2. Life Cycle Thinking in Field Development

• Learn how to apply life cycle thinking to field development planning to ensure long-term value, sustainability, and risk mitigation.
• Explore the integration of economic, environmental, and social factors into development planning to achieve optimal decision-making.
• Study the life cycle cost analysis and how to evaluate investments in terms of their economic, technical, and environmental feasibility across the entire field life.
• Understand the importance of early-stage decisions in the exploration and appraisal phases and how they impact the later stages of field development.

3. Strategic Planning for Integrated Field Development

• Learn how to develop a strategic vision for the field development that integrates all phases of the field’s life cycle, ensuring alignment with corporate goals.
• Understand the importance of multi-disciplinary collaboration among reservoir engineers, geophysicists, production engineers, and other stakeholders for optimizing field development.
• Study the concept of multi-phase field development and how to balance initial investments with future production potential and decommissioning costs.
• Explore how scenario planning and sensitivity analysis can be used in strategic planning to assess the robustness of development plans under various uncertain conditions.

4. Integrating Reservoir Management into Field Development

• Learn how to incorporate reservoir management techniques into the overall field development strategy, ensuring efficient recovery and production optimization.
• Explore the role of reservoir simulation, modeling, and monitoring in understanding and managing reservoir behavior throughout the field life.
• Study how advanced reservoir management strategies such as Enhanced Oil Recovery (EOR), waterflooding, and gas injection can be integrated into long-term planning.
• Discuss the importance of real-time data monitoring and data integration in adapting field development plans as the reservoir evolves.

5. Economics and Financial Considerations in Integrated FDP

• Understand the application of financial models (e.g., Net Present Value (NPV), Internal Rate of Return (IRR), Cost of Delay (COD)) to field development projects and how to assess their economic viability.
• Learn how to balance capital expenditures (CAPEX) and operating expenditures (OPEX) across the life cycle of the field while ensuring profitability and risk mitigation.
• Study the role of financial risk analysis in field development planning, including uncertainty analysis and sensitivity analysis.
• Understand the impact of market dynamics, such as commodity prices, cost fluctuations, and regulatory changes, on field development financial strategies.

6. Sustainability and Environmental Impact in Field Development

• Understand the environmental considerations in field development planning, including carbon emissions, water management, and waste disposal.
• Explore the concept of sustainable field development and how to minimize the environmental footprint through green technologies and efficient resource use.
• Study the role of Environmental Impact Assessments (EIAs) in the planning process and how to address regulatory requirements for environmental protection.
• Discuss the concept of life cycle assessment (LCA) and its application in evaluating the environmental impacts of field development over time.

7. Integration of Technology and Innovation in Field Development

• Learn about the latest technological advancements that can enhance field development, including digital oilfields, advanced data analytics, and automation.
• Explore how emerging technologies such as AI, machine learning, and big data can be used to optimize field development planning and improve decision-making.
• Understand the role of digital twin technology in simulating field performance over time and improving long-term management.
• Study the application of innovative drilling techniques, well integrity management, and subsea technologies in improving field development efficiency.

8. Project Management and Execution in Integrated FDP

• Learn how to integrate project management principles into field development planning, ensuring that each stage of the development process is executed effectively.
• Study the role of project management offices (PMOs) in overseeing field development projects and ensuring alignment with strategic objectives.
• Explore the principles of project scheduling, resource allocation, and risk management in the execution of large-scale field development projects.
• Discuss lessons learned from past field development projects, with a focus on best practices for optimizing timelines, costs, and performance.

9. Stakeholder Engagement and Communication

• Understand the importance of stakeholder engagement throughout the field development lifecycle, including government agencies, local communities, investors, and environmental groups.
• Learn how to develop a communication plan that ensures clear, transparent, and timely communication with all stakeholders.
• Study the concept of corporate social responsibility (CSR) and how it can be integrated into field development planning to gain public and regulatory support.

10. Case Studies of Integrated Life Cycle Field Development

• Analyze real-world case studies of successful integrated life cycle field development, with a focus on multi-disciplinary collaboration and long-term planning.
• Study the challenges faced in transitioning from traditional field development approaches to an integrated life cycle approach, including financial, technical, and operational hurdles.
• Learn from the experiences of major operators who have successfully implemented integrated life cycle management in their field development strategies.

Target Audience

This course is designed for professionals involved in the planning, design, and management of oil and gas field development projects, particularly those focusing on the integration of lifecycle thinking. The target audience includes:

• Reservoir Engineers
• Field Development Planners
• Production Engineers
• Geologists and Geophysicists
• Project Managers
• Financial Analysts and Economists
• Environmental and Regulatory Specialists
• Technology and Innovation Leaders
• Operations and Asset Management Professionals