Maximising the Remaining Project Value of Producing Offshore Oilfields



Management of producing oilfields is all about not destroying value and if possible adding some. Particularly for mature fields, the balance is between minimisation of operating cost, and facilities maintenance and safety. Aging facilities can require considerable spending, in particular if facilities have not originally been designed fit for purpose, or perhaps with extended field life. In other words, project drivers for mature fields have to be clearly understood in order to maximise remaining value.

The course commences with the principles of project management in general and for mature fields, including project drivers and economic considerations. Secondly, in looking at the problems of mature fields, RAM studies and lifecycle planning initiated earlier in field life need to be clearly understood, as should be established management philosophies. Maintenance and corrosion issues cover the final topic of the first day and course participants will have a chance to work on case histories for this important topic. The second day emphasis maintaining value or adding value through well optimisation and reservoir management on the one hand and good operating practices on the other, all aimed at minimising cost and maximising production. The second half of the day looks at risks, particularly as they relate to safety, when facilities are not properly maintained or designed. Course participants will have a chance to debate these important issues using information from actual fields.

Throughout the course, principles, practices and processes are underscored with numerous examples, followed by participants’ group deliberation, discussion, presentation and debriefing.

Day 1

  • Introduction to project management and producing fields
  • RAM and lifecycle planning
  • Facilities management philosophy
  • Case Histories I: maintenance and corrosion

Day 2

  • Production optimisation of wells and reservoir management
  • Day to day operations – maximising production
  • Importance of facility audits
  • Case Histories II: operating costs vs. safety and risks

Who Should Attend

  • Office Personnel: operations managers, maintenance managers and other in the onshore leadership team involved with offshore operations;
  • Offshore Personnel: production supervisors, chief engineers, maintenance operators and other offshore staff; petroleum/facilities engineers involved in maintaining facilities, managing reservoirs or optimising production


Peter Behrenbruch

Prof Peter Behrenbruch is currently Managing Director of Bear and Brook Consulting Pty Ltd. He is also Adjunct Professor at the Australian School of Petroleum (ASP), the University of Adelaide, and at the Ho Chi Minh University of Technology, Geology and Petroleum Engineering (GEOPET), Vietnam. Furthermore, he has an ongoing teaching position at the University of Western Australia. His 39 years of industry experience covers engineering, R&D, project, technical and general management as well as academic positions.

Peter’s expertise ranges over petroleum engineering and management, focusing in: management of field development (planning & feasibility), of major (offshore) petroleum projects (as project director/ project manager); Management of producing fields; R&D and technical: reservoir characterization, special core analysis, (probabilistic) reserves determination, reservoir simulation, and pressure transient analysis.


Engineers are responsible for enhancing their professional competence throughout their careers. Licensed, chartered, and/or certified engineers are sometimes required by government entities to provide proof of continued professional development and training. Training credits are defined as Continuing Education Units (CEUs) or Professional Development Hours (PDH). Attendees of SPE training courses earn 0.8 CEUs for each day of training. We provide each attendee a certificate upon completion of the training course.