Practical Techniques for Screening Deepwater Offshore Oil and Gas Exploration Prospects
This 2-day course will discuss the practical state-of-the-art technique of Volume to Value (VV) to help attendees assess exploratory deepwater offshore oil and gas prospects and quantify economic values of the prospects. Attendees will learn how to develop a preliminary field development plan for a given discovery prospect, and estimate oil and gas recovery, wells required, and costs. They will also learn how to conduct economic evaluation for lease sales or farm-in opportunities. The topics covered will include:
- Volume to value (VV) cycle—from volume to value
- Brief review of volumetrics applied to exploratory prospects
- Application of analogues and its relevance to evaluation of similar opportunities
- Appraisal and field development plan
- Estimating operating and capital costs
Why You Should Attend
Upon completion of this course, attendees should be able to evaluate the commercial potential of original oil and gas in-place in exploratory blocks and develop preliminary field development plans. Attendees should also be able to obtain value of the opportunity in order to make the decision to go ahead and develop the field or walk away from it, as well as identify constraints in terms of geology and engineering that will make it viable or impede the realization of the project.
Who Should Attend
Petroleum, reservoir, and production engineers, and geoscientists, economists, managers, and investors, as well as government officials interested in screening deepwater offshore oil and gas exploration prospects for lease sales and/or farm-in opportunities should attend this course.
Course registrants should plan to bring their notebook computers to the class. Instructors will provide Excel programs.
1.6 CEUs (Continuing Education Units) awarded for this 2-day course.
To receive a full refund, all cancellations must be received in writing no later than 14 days prior to the course start date. Cancellations made after the 14-day window will not be refunded. Send cancellation requests by email to firstname.lastname@example.org; by fax to +1.866.460.3032 (US) or +1.972.852.9292 (outside US); or mail to SPE Registration, PO Box 833836, Richardson, TX 75083.
For more details, please contact us at email@example.com.
Luiz C. Amado is an expert in reservoir engineering, PVT/compositional simulation and integrated asset modeling (IAM). He works with Avasthi & Associates as a principal reservoir simulation and IAM consultant, providing consulting and training in his areas of expertise.
Amado has over 20 years of oil and gas industry experience, working with Shell, Petrobras, Ecopetrol, Nexen Petroleum and Schlumberger. He has been involved in projects in Mexico, the Southern North Sea (Leman), Brazil (Bijupira and Salema fields), and other areas of south America and South Caribbean. He was also involved in many projects in the Gulf of Mexico (Llano field, Pliocene, Miocene, and Lower Tertiary plays, Hadrian, K2, and Santos, Campos and Espirito Santo basins).
Amado holds a BS in civil engineering from Fluminense Federal University, Brazil, an MS in petroleum engineering from State University of Campinas, Brazil, and a PhD in petroleum engineering from the University of Leoben, Austria. He is a long-standing member of SPE and has served on several SPE technical committees and conference boards. He is fluent in English, Spanish and Portuguese.
S.M. (Sam) Avasthi, PE, is chairman and CEO, founder, and director of engineering of EOR at Avasthi & Associates, a worldwide petroleum consulting company headquartered in Houston, Texas. He has extensive experience in oil and gas reservoir engineering and simulation, the revitalization of mature fields, EOR project design, as well as reservoir asset optimization and training.
Before founding his own company, Avasthi held senior-level petroleum engineering and consulting positions with a major oil and gas company and an international oil and gas consulting company. He is a registered professional engineer in Texas, a Legion of Honor member of SPE, and a technical editor for the SPE Reservoir Evaluation & Engineering journal, SPE Production & Operations journal, and SPE’s Journal of Canadian Petroleum Technology.
Avasthi is an engineering alumnus of the Indian School of Mines, Imperial College of the University of London, and Texas A&M University. He earned his PhD in petroleum engineering from Texas A&M University, and was a research fellow in chemical engineering at Rice University.
Other Courses by Instructors
- Optimizing Gas Fields using Integrated Asset Modeling (Luiz Amado, S.M. Avasthi)
- Geological Sequestration of CO2 (S.M. Avasthi)
- Practical Aspects of CO2 Flooding EOR and Introduction to CO2 Geosequestration (S.M. Avasthi)
- Practical Aspects of CO2 Flooding EOR and CO2 Geosequestration (S. M. Avasthi)
- Practical Aspects of Thermal EOR (S.M. Avasthi)
- Practical Reservoir Surveillance and Management Techniques for Primary, Secondary, and Tertiary Oil Recovery Projects (S.M. Avasthi)