Marginal Field Evaluation and Development Decision – Rapid Reservoir Evaluation, AI-Assisted Data Review, Production Forecasting, Well Performance and Screening Economics

By the end of the course, participants will be able to:

• Rapidly identify the few technical and commercial parameters that determine marginal-field value
• Use AI tools to review technical documents, extract key facts and assumptions, identify inconsistencies and maintain source traceability
• Estimate recoverable volumes and establish a defensible low / base / high production range using independent forecasting methods
• Identify reservoir, well, artificial-lift and surface-facility constraints that control deliverability
• Translate technical uncertainty into screening economics, breakeven and value-driver sensitivities
• Prepare and defend a concise Develop / Appraise / Redevelop / Bid / Walk Away recommendation

The course is designed for reservoir, production, petroleum and development engineers; geologists and geophysicists; field development planners; asset engineers; commercial and business-development personnel; and asset / technical managers involved in marginal fields, discovered resources, mature fields, brownfield redevelopment, acquisitions, bid rounds and field-development planning.

• Intermediate
• Advanced

The course is designed as a practical decision-making workshop rather than a software training course. No specialist software licences or software packages are included as part of the course.

The trainer will use worked examples, prepared datasets, spreadsheets and practical exercises to demonstrate the evaluation and decision-making process. Where participants have access to relevant software such as MBAL or PROSPER, the trainer can incorporate these tools into the exercises and demonstrations, subject to the software being available and accessible during the course.

The focus remains on understanding, challenging and interpreting the results rather than on learning the software itself. Participants will learn how to assess whether the outputs are technically credible, understand the underlying assumptions and translate the results into sound development and investment decisions. Where specialist software is not available, equivalent exercises can be conducted using simplified spreadsheet-based models and instructor-prepared datasets.

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In our ongoing commitment to sustainability and environmental responsibility, we will no longer providing hard copy training materials. Instead, all training content and resources will be delivered in digital format. Inspired by the oil and energy industry’s best practices, we are leveraging on digital technologies to reduce waste, lower our carbon emissions, ensuring our training content is always up-to-date and accessible. Click here to learn more.

To further optimise your learning experience from our courses, we also offer individualised coaching support. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It can be delivered virtually through video conference or face to face by one of our senior subject matter experts. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster. Learn more about our post training coaching services here.