Course RM3

Depletion Planning & Reporting

Depletion Plans (or Life of Asset Plan) are required documentations for all production properties stewarded by Production and Joint Interest Units as well as development projects to be transitioned within near future. This report is designed to support the business through technical excellence. The intent is to provide teams with a consistent framework for development and surveillance as well as support other Petroleum processes and corporate requirements. Depletion Plan enables each asset to produce a plan of action that maximizes value while building team alignment and commitment. This 2-day course will teach the students how to prepare a depletion plan in order to develop an understanding of the potential of each field and make decisions about how to optimally exploit the asset’s potential.

Detailed Topics

1.Depletion Plan Overview 2.Subsurface Description 3.Field Performance and Production Forecasting 4.Reserves and Resource Migration 5.Well and Facility Description 6.Uncertainties, Major Risk Events and Mitigation Plans 7.Performance Optimization Plan 8.Surveillance Plan 9.Technology Plan

Duration

Two (2) Days

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