Portfolio Management Workshop for IOCs- E&P Company
Portfolio management is often defined as the organizational process of using the information uncovered by portfolio analysis to guide business decisions. As such, it links a client’s strategy to investment properties. For example, the decision makers can incorporate the information of an analysis on investment options and their associated trade-offs as a supplement to their knowledge and experience when making decisions. Best-in-class approach to portfolio management therefore embeds the elements including consistency ofreporting, forecasts and Key Performance Indicators (KPis) across business units, with outputs that allows quality decision making, Regular reviews to ensure that portfolio performance and objectives are aligned with strategy and flexible to changes in market conditions, Assessment of investment options on an unbiased, holistic basis, recognizing interdependent risks, impact and opportunity costs across business units, Aspire and achieve efficiency in portfolio composition.
E&P Company and Organizational Culture & Change Management Workshop
The top issue for most E&P Companies is managing the transformation change that their organizations are experiencing with regard to innovation taking place along the three continuums of people, process and technology in the face of growing competition. New business models and technology for newly established Iranian E&P companies means that more collaboration must happen across the value chain. How can leaders effectively communicate the need for change and what might the impact be on culture? What strategies are companies using to drive change? What does digital mean for the organization and for specific roles?
Reservoir Management & Optimise Hydrocarbon Recovery Workshop (EOR/IOR)
Fields Owner is aiming to improve the oil recovery over Iranian Oil & Gas fields through Iranian E&P Companies. The investments to develop a reservoir are very large, so any improvement in the development plan could represent millions of dollars in additional profit. However, the decisions about the development plan are made in the presence of many sources of uncertainty. This subject covers all the angles to address E&P activities to make the right decision to improve or enhance the Hydrocarbon recovery which is the major concern ofNIOC to develop Iranian Oil & Gas Field.
E&P Knowledge Management & Decision Making Process Workshop
Improving Exploration & Production (E&P) technical management via a hands-on improving your team uncertainty assessment, decision analysis, 3D subsurface modeling process and knowledge management to enable the E&P company to a update perception of their fields from the point od view of highly experienced Geologist with multidisciplinary views in area of management of E&P company.
Standards & Guidelines ofE&P Association ofNOGEPA ( Europe)
This workshop states the Standard and Guidelines are helping the E&P companies to orient themselves by looking at the experiences NOGEPA; The Association of 15 E&P companies of Europe have practiced and using their expertise. Fort instance, regarding the standards and acceptance checklist of well operation provides an overview of API and ISO industry standards developed for oil and gas wells. The Standard therefore is an aid for companies to help select the Standards they were to use when:
- designing & drilling wells
- preparing and executing well intervention
- preparing and executing route well operations
Opportunity Framing Workshop & Project Realization in E&P Companies
In today’s Oil & Gas (both Up- and Downstream) and Energy industry, significant financial commitments are made both for Commercial Opportunities-including business transactions,joint ventures, mergers & acquisitions, divestments -and Capital Projects (both green- and brownfield). These investment commitments have wide ranging and long-term implications, not only during design and execution of the Opportunity/Project, but also during subsequent operation & maintenance, up to/including abandonment and decommissioning of the assets/facilities. Based on international best practices a decision based stage gate methodology has therefore been developed by the industry to maximize value creation throughout the entire Opportunity/Project life cycle. Details and terminology of this Opportunity/Project Realization Process may differ between individual businesses/companies, but fundamental principles are all the same, including distinct maturation stages -e.g. Identify & Assess, Concept Select, Define, Execute and Operate. Indisputably, benchmarking results stress the importance of Front End Loading, where significant resources and efforts need to be applied in the initial phases of the Opportunity/Project to maximize long-term value.
Safe Operations & HSE Regulatory Compliance Workshop
The E&P companies cannot continue to think of safety and regulatory compliance as a “cost.” Business results show that companies who invest in safety are consistently top line performers. For example, leak detection is not just an environmental issue – it’s lost revenue. Risk mitigation is critical. Organizations are working to assess risk across the organization, maximize the HSE of their operations and ensure regulatory compliance to reduce any possibility of environmental or workforce catastrophe that would deteriorate shareholder value. Preventing against critical life/safety failures equates to financial savings. What are the best practices in Operational Sustainability and process safety controls? How can we take advantage of mobility, operational analytics, and predictive maintenance? What are the best practices in processes and technologies for supporting HSE and regulatory compliance? How can we better respond proactively to HSE threats to mitigate risk?
Well Production Optimisation Workshop
E&P Company must always look for ways to maximise production while minimising risk. Getting all you can from a producing system-and more importantly, capitalising on that information-is a complex task. In all offshore production systems, production optimization is important because it can reduce the cost of operation and increase the production using measured real-time data.
This presentation is about introducing you the methodology and insight to help you design and optimize producing oil and gas systems from the individual well level to the full production network. Realize increased productivity with workflows that access a full suite of empirical, analytical, and numerical methods, so you can analyze the entire system from reservoir to delivery point, Identify bottlenecks, evaluate production performance and improve reliability and asset recovery.
Upstream Field Development and Planning Workshop
The workshop provides a comprehensive overview of the evaluation and assessment of a discovered and appraised hydrocarbon accumulation, which will lead to a successful proposal to develop the field. Motivated geoscientists and petroleum engineers, production technologists and to a lesser extent well engineers in their works of employment or first assignment will need such a knowledge and practice.
Integrated Project Value Assurance Review Workshop
Towards the end of the 1990s many IOC’s realized that projects often were already doomed to fail before they were even sanctioned; the root cause for failure is often found in the early phases. To remedy this the Value Assurance Review (VAR) was created. Such a review is an integrated and independent challenge, carried out at a number of decision gates prior to sanction. After project sanction a similar type of review is conducted. One could say that V ARs executed early on in a project address the question “Are we doing the right project?” whereas reviews around sanction time focus on the question “Are we doing the project right?” The VAR process recognizes that reasons for cost and schedule overruns more often than not are found in Non-Technical aspects (this is also supported by institutions such as IPA). Hence the integrated TECOP (Technical, Economic, Commercial, Organisational and (Socio )-Political) approach is used. Over the years, the process has been extended to non-technical projects such as office refurbishments, setting up shared service centers, IT support and the like.
Project Cost & Schedule Assurance Workshop
A Cost & Schedule Assurance Review/Workshop can only be executed when an appropriately detailed project cost estimate and schedule/logic are available, prepared on basis of completed conceptual design work. Timing thus is at the end of an Opportunity/ Project Realization Process phase, just before or in parallel with a Value Assurance Review. It is typically led by an experienced, multi-discipline project services/controls professional, supported by cost and schedule estimating experts. Most importantly the review team is sourced independently, ideally a mix of outside company and outside project team personnel. A Cost & Schedule Assurance Review presents an ideal opportunity for the training of 1 or 2 local cost and schedule estimating staff, who can join the review team as additional attendee and can both contribute and learn.
Risk Identification & Management and Business Control Framework
Risks and opportunities to realise your business goals go hand in hand. By controlling the risks, you increase the chances to achieve your goals. You want to be ‘In Control of your Business’ and that is our expertise. By this workshop, you will be expert to set up your Business Control Framework. Additionally external international requirements like SOX 404, IFRS, COSO and ISO standards feature more and more prominently and compliance must be ensured. Our Business Control Framework allows you to issue confidently your ‘in control’ statement. No risks, no returns! Continuously, your aim is to convert business opportunities into business returns. Taking risks is key and is inevitable: no risks, no returns. But, how to respond when risks tum into reality? How well prepared are you? A void unpleasant surprises through effective risk management. Our pragmatic method offers you an effective and proven approach to identify, monitor and control risks.
Take advantage of effective risk management ! Business continuity is the highest priority for you and your employees. Also, stakeholders like Investors, Governments, Regulators and Banks increasingly expect you to demonstrate that your risk management is up to standard. Effective risk management enables you to prioritise and concentrate on key business risks. You are aware of impacts and you are prepared for prompt and adequate action should a risk actually materialise. Effective risk management considerably reduces the likelihood of negative financial consequences and reputational damage.
Safety Integrity Level review (SIL assessment) Workshop
In most countries the licenses to operate hydrocarbon facilities dictate that the result of process safety studies is incorporated in the design of the process units. These results are implemented as barriers to reduce the risk of a process safety incident. One of these barriers is a Safety Instrumented Function (SIF). The IEC 61511 describes the requirements to evaluate the risk, the methodology to determine the level of required risk reduction and gives requirements and guidelines to select the correct equipment to achieve the risk reduction in the process unit. The IEC 61511 also gives requirements to implement a life cycle management system to ensure that the required risk reduction is maintained throughout the life time of the facility which includes the test regime for the all the equipment related to the SIF and competency of personnel.
A SIL assessment study evaluates consequences (health&safety, economical and environmental), based PEFS (process engineering flowschemes) after a conducted HAZOP, the required level of risk reduction in factors of 10.
Joint Venture Management Workshop
Across the value chain of the Oil & Gas industry, many Joint Ventures (N) are active, and in response to the increasing complexity of projects the number of N s, alliances, consortia and other forms of partnership is increasing. As a result, success becomes more and more dependent on effective N governance and management and in particular achieving collaboration. At the same time, in every N there will be different ideas and requirements for example in managing HSE aspects, in achieving business goals, in tracking costs, managing reputation and in stakeholder influencing. With this workshop ,We all have heard about issues that are being faced in Ns, such as:
Ineffective project management leading to major project delays and cost over-runs
Blocked, delayed or otherwise impaired decisions on N investments
Operating partner lacking the required technical & operational competencies and skills
Interventions needed due to strategic conflicts or partner misalignments
Suboptimal financial structure & capital discipline
Host country issues, e.g. changing commercial terms, ineffective regulation
Reputational damage from quality problems or other incidents
Asset Integrity Management Workshop in Oil & Gas
This workshops of Asset Integrity Management will share the findings of a specially commissioned study mapping existing capabilities, common practices, identifying relevant technologies and processes that are new or recently used in the oil and gas industry, or nascent solutions that have yet to be developed. Informed by the findings, the lecturer and participants will participate in groups aiming to evaluate potential solutions, define actions and any research and development requirements to bring additional products, services and new technologies into the industry. As the principle Asset Integrity Management (AIM) define as the liability of an asset to perform its required function effectively and efficiently whilst protecting health , safety and the environment (HSE) and it means to ensure that the people , systems , processes and resources which deliver integrity are in place, in use and will perform when required over the whole lifecycle of the asset. In other words; AI is the goal and AIM is the tool to achieve the goal.
Waste Water Management Workshop
As the fields are maturing, water production in most of the reservoirs is increasing. Improved Water Management techniques will benefit the Upstream in controlling the downhole volume of water being produced and managing larger volumes of produced water. The traditional resolution method of down-hole water control is to squeeze off bottom perforations. This workshop could contribute to assessment, evaluation, and knowledge sharing of new water control techniques, e.g. gels, permeability modifiers, ICDs (Inflow Control Devices), and intelligent completions. The sharing of knowledge, experience, and lessons learned, in the area of Surface and Subsurface Water Management will benefit all the field owners companies as well as E&P companies, the oil industry by bringing in all the relevant knowledge under one roof to create value.
Heavy Oil Production Technology and Treatment Workshop
This workshop speaks about the Heavy Oil Production Technology and is to focus on new technology and way of treatment and particularly best practice for sharing to resolve the technical challenges being faced to keep the constant volume of production. As a part of this initiative, many IOCs have taken up the development of the many heavy oil reservoirs by steam-flood. However, steam-flood technology poses enormous risks and challenges related to both steam generation and injection, as well as oil recovery from the reservoir. It has the advantage of access to global expertise of some pioneer IOCs in this case. By this workshop, the lecturer can make sharing knowledge, experience, and lessons learned in the discipline subject matter. New technologies’ evaluation, selection and application are out of scope.
Workshop of Merge & Acquisition and Investment in Oil & Gas
This workshop is founded by the experience, excellence and expertise of the lecturer of Triple EEE who can offer services and solutions to Energy companies, governments, banks and investors worldwide, for example by supporting M&A and other investment activities. This Workshop provides valuable views on the subject and can help the client generate coherent investment or divestment proposals-both for upstream and downstream-leading to quality business decisions. This could apply to bid rounds, data rooms, M&A studies and other investment opportunity investigations. It includes the methodology of screening and feasibility studies, Data room attendance & analysis, integrated evaluation studies, product, portfolio & company analysis, Economic analysis, work programme & budget delineation inclues provide optimized Exploration & appraisal de-risking strategy by focusing and prioritizing operational activities on key risks, lowering costs and speeding p the decision making , Integrated field development, engineering, construction, drilling, production operations and maintenance planning, reducing downtime and maximizing value and etc.