Model the economics of unconventional reserve evaluation under a realistic range of price scenarios.
Evaluating Unconventional Reserves of Shale Oil and Tight Gas
Move unconventional reserve evaluation from general awareness to a repeatable, reviewable practice.
Course Overview
The energy transition has not removed the need for rigour in unconventional reserve evaluation; it has added to it. Regulators and insurers increasingly want documented evidence of how the energy and hydrocarbon operations capability is controlled. Ambition around this area of energy and hydrocarbon operations outruns capacity unless the sequencing is deliberate. The programme uses small-group work so that each participant's treatment of unconventional reserve evaluation is examined, not just described. Participants take away a working set of documents supporting this part of energy and hydrocarbon operations, ready to be adapted internally. Applied research in energy and hydrocarbon operations consistently shows that early structure around this aspect of energy and hydrocarbon operations reduces downstream rework. The level assumes working familiarity with the operating asset but no prior formal training in unconventional reserve evaluation. It concentrates on the parts of this area of energy and hydrocarbon operations that determine outcomes and treats the rest proportionately. The closing exercise tests whether the participant's plan for the energy and hydrocarbon operations discipline survives a hostile question.
Expected Learning Outcomes
Plan the handover of unconventional reserve evaluation so that capability is not lost when key staff move on.
Distinguish the parts of unconventional reserve evaluation that must be standardised from those that require judgement.
Sequence improvements to unconventional reserve evaluation so that each step makes the next one easier.
Define the escalation path for abnormal conditions detected in unconventional reserve evaluation.
Capture and act on lessons from incidents and near misses involving unconventional reserve evaluation.
Evaluate the environmental obligations arising from unconventional reserve evaluation.
Who Should Attend
Facility and plant managers accountable for unconventional reserve evaluation.
Quality staff verifying that unconventional reserve evaluation performs as designed.
Commercial and planning analysts modelling unconventional reserve evaluation.
Shift supervisors and control room leads dealing with unconventional reserve evaluation in real time.
Managers in small and medium organisations who own unconventional reserve evaluation alongside other duties.
Maintenance and reliability engineers supporting unconventional reserve evaluation.
Course Modules
Unconventional reserve evaluation: economics, price exposure and investment case
2 sessions · 8 pointsSession 1Building the investment case for unconventional reserve evaluation that finance will accept
- Prepare the summary of unconventional reserve evaluation that senior management will read.
- Check that management of change is applied to every modification of unconventional reserve evaluation.
- Agree the indicators that will show whether unconventional reserve evaluation is improving.
- Identify the failure modes of unconventional reserve evaluation with the highest consequence.
Session 2Holding contractors on unconventional reserve evaluation to the standard you hold yourself
- Confirm handover documentation for unconventional reserve evaluation is complete and current.
- Review whether unconventional reserve evaluation is aligned with the objectives of the operating asset.
- Review incident and near-miss history involving unconventional reserve evaluation.
- Define acceptance criteria for unconventional reserve evaluation in advance.
Unconventional reserve evaluation: incidents, lessons and continual improvement
2 sessions · 8 pointsSession 1What the instrumentation on unconventional reserve evaluation is and is not telling you
- Record the technical rationale for the chosen approach to unconventional reserve evaluation.
- Assign responsibility for keeping documentation of unconventional reserve evaluation current.
- Close out actions on unconventional reserve evaluation rather than leaving them open indefinitely.
- Review the instrumentation on unconventional reserve evaluation for coverage gaps.
Session 2The permit and isolation regime that unconventional reserve evaluation actually requires
- Assess the emissions and discharge attributable to unconventional reserve evaluation.
- Set the review interval for unconventional reserve evaluation and who attends.
- Model the economics of unconventional reserve evaluation at low, base and high price cases.
- Set the trigger for a life-extension versus replacement study on unconventional reserve evaluation.
Unconventional reserve evaluation: environmental obligation and emissions
2 sessions · 8 pointsSession 1Who answers for unconventional reserve evaluation, and to whom
- Check that the permit regime covering unconventional reserve evaluation matches the actual hazard.
- Verify emergency response arrangements cover the scenarios unconventional reserve evaluation can create.
- Estimate the resource unconventional reserve evaluation requires to run as designed.
- Verify six months later that changes to unconventional reserve evaluation have held.
Session 2Reading condition data on unconventional reserve evaluation before failure, not after
- Establish the alarm philosophy applying to unconventional reserve evaluation and remove nuisance alarms.
- Agree what will be standardised in unconventional reserve evaluation and what will not.
- Confirm that contractual obligations around unconventional reserve evaluation are understood.
- Define the safe operating envelope for unconventional reserve evaluation and how deviations are detected.
Unconventional reserve evaluation: technical fundamentals and operating envelope
2 sessions · 8 pointsSession 1Making unconventional reserve evaluation work when resources are constrained
- Decide what will be stopped to create capacity for unconventional reserve evaluation.
- Test the procedure for unconventional reserve evaluation against a realistic scenario.
- Confirm that those complying with unconventional reserve evaluation understand why it exists.
- Confirm that lessons from unconventional reserve evaluation are shared beyond the team that learned them.
Session 2Getting other functions to support unconventional reserve evaluation
- Confirm contractor competence records for anyone working on unconventional reserve evaluation.
- Identify single points of dependency in unconventional reserve evaluation and reduce them.
- Verify isolation points for unconventional reserve evaluation are proven and documented.
- Identify the data already collected that bears on unconventional reserve evaluation.
Choose the package that suits you
Silver Package
At least 3 people
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
We will contact you within one business day to confirm.