Strategic Surveillance: Cost-Effective Options

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Disciplines: Reservoir

Course Description

This advanced course for effectively managing various production operations/processes under uncertainty, timely capture, and development of reliable relevant information is very critical. Some of the information could be strategic and lead to modification of operations via identification of improvement opportunities or of imminent threats. Therefore, surveillance operations are continued until their marginal value is greater than corresponding marginal costs.

There is a growing consensus that the current low oil and gas prices would prevail for at least the next several years. It is also widely acknowledged that most options for obtaining indirect information for managing surface or sub-surface operations involve significant direct and/or indirect costs as well as risks. Critical questions are then of identifying ‘strategic’ information to be obtained and justifying choices for any surveillance options regarding their costs and risks. This one-day seminar introduces various surveillance concepts, options and ways of examining their cost-effectiveness based on several case studies.

Learning Level

Intermediate

Some prior exposure to water flooding and enhanced oil recovery would be very useful in discussions during this seminar.

Course Length

1 Day

Why Attend

This course will focus on:

• Data acquisition, reliability, deriving useful inferences and information
• Value of information and costs; strategic objectives
• Certain surveillance options for water-floods, chemical floods, thermail and gas flooding operations
• Developing surveillance plans

Who Attends

This course is intended for petroleum engineersm reservoir engineers, production engineers, facilities engineers, managers, and other professionals interested in learning about practical reservoir surveillance and management techniques for enhanced oil recovery/improved oil recovery (EOR/IOR) projects and lifecycle management.

CEUs

0.8 CEUs (Continuing Education Units) are awarded for this 1-day course.

Cancellation Policy

All cancellations must be received no later than 14 days prior to the course start date. Cancellations made after the 14-day window will not be refunded. Refunds will not be given due to no show situations.

Training sessions attached to SPE conferences and workshops follow the cancellation policies stated on the event information page. Please check that page for specific cancellation information.

SPE reserves the right to cancel or re-schedule courses at will. Notification of changes will be made as quickly as possible; please keep this in mind when arranging travel, as SPE is not responsible for any fees charged for cancelling or changing travel arrangements.

We reserve the right to substitute course instructors as necessary.

Instructor

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