E&P Industry and Asset Life Cycle

In this skill module, you will learn about asset life cycle economics and the phases of the asset life cycle, including exploration; appraisal; development; and production, including mature production and enhanced oil recovery. You will also learn about the historical, geographical, and modern context of the petroleum industry; its organization, the petroleum value chain; and economic drivers.

Target Audience

Those who need to achieve a context and understanding of E&P technologies in conventional and unconventional fields, and/or the role of technical departments in oil and gas operations, and/or be able to understand and use the language of the oilfield.

You Will Learn

• Historical petroleum occurrences and usage
• The phases of the E&P asset life cycle
• The objectives and processes of the exploration phase of the E&P asset life cycle
• The objectives, processes, and economic metrics of the appraisal phase of the E&P asset life cycle
• The objectives and processes involved in the development and production phase of the E&P asset life cycle
• The objectives and processes involved in the mature production phase in the E&P asset life cycle
• Basic reserves and production value concepts

Product Details