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Interpreting oil company and media reports on oil and gas activities including example submissions to the ASX and company reports
- Exploration techniques
- Delineation of a prospective oil/gas field
- The role of key players in an efficient drilling operation
- Drilling terminology
- Interpretation of a drilling report
- Well completion operations
- Terminology
- Stimulation methods
- Workover operations
- Production processes and terminology
- Onshore and offshore operations
Fundamentals of rock formation, sedimentary environments and the generation, migration and accumulation of oil and gas
Reservoir rocks - Their main characteristics and influence on the commercial viability of oil and gas production.
Types of hydrocarbons - The effect on hydrocarbon recovery. Reservoir thickness. Gross, net and pay thickness. Reservoir capacity.
Methods to evaluate reservoir and hydrocarbon characteristics - Data from cores, logs and well tests. Reservoir and hydrocarbon terminology.
Estimating hydrocarbons in place and reserves from a technical perspective - Estimating commercial reserves from oil-in-place - reserves and net cash flow – the dominating effect of oil price, operating costs and the fiscal terms - why the rate of production and the costs are equally if not more important than oil-in-place and reserves in the investment decision.
Reserves definitions in the oil and gas industry - Reporting company reserves - uncertainty and the pitfalls in adding reserves for several fields – dubious oil industry practices in estimating reserves under
uncertainty.
The effect of petroleum fiscal terms on oil and gas field development economics - Why the fiscal terms usually determine more than any other single factor the profitability of oil and gas fields and field development investment decisions.
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