The Project, Facilities and Construction Study Group is pleased to announce our Spring Lecture Series for 2014. This event shall focus on “Lifting the Veil from Unconventional Production”.
Unconventional production has changed the U.S. oil and gas industry, moving the focus and more importantly CAPEX spend from deepwater offshore and international to domestic onshore. The reason for this shift of focus is of course economics and geologic success rate. Unconventional resources tend to be measured in billions of barrels and trillions of cubic feet in place, an order of magnitude higher that typical conventional resources with enormous areal extent.
Whether tight rock, immobile fluids or captured in source rock, the sheer quantity of the resource provides a strong interest to make development feasible. Some common attributes are appearing in the development of these resources with tight well spacing, extreme reservoir contact and extreme stimulation playing a role in the tight rock and captured hydrocarbon arena, while steam and CO2 play more in the immobile liquids sector.
This series is intended to ‘Lift the Veil’ on the differences, and highlight the similarities, between conventional and unconventional production and field development techniques. The 1 hour lectures are aimed to be technical and provide valuable lessons learned and are followed by 30 minutes of questions and discussion in order to promote understanding of the presented principles.
In the second installment in the series, Ellen Coopersmith will present an insight into Decision Analysis and Scenario Thinking into as it applies to Asset Strategy. The goal to achieve “front-end loading” of a company’s existing decision processes to focus the asset team early, speed the analysis, and, most importantly, bring greater clarity and value to each decision. Ellen is the founder of Decision Frameworks and a Petroleum Engineer with a degree from the Colorado School of Mines. Prior to founding Decision Frameworks in 1999, Ellen spent 16 years at Conoco, where she led their implementation of Decision Analysis in Upstream for five years
Each session is scheduled as a 1 hour presentation followed by a 30 minute Q&A session. We fully expect a large turnout so please book early and we hope you make all attempts to attend all four. The PF&C Study group appreciates the support of our SPE GCS members and we look forward to seeing you there.
To register for all four lectures at a discounted price, follow the link below:
To register for the third lecture in this four part series, follow the link below: