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Petroleum Economics: Optimising Value throughout the Asset Life Cycle 

17 – 19 March 2014

Dubai, UAE | The Address Dubai Marina

About this Workshop

Abstract

Given the volatile business landscape of the oil and gas industry, the assessment of an asset’s life cycle value-chain and its inherent risk profile is essential to make informed business decisions. Optimising value throughout the asset life cycle requires a wide range of decisions, ranging from asset acquisitions, competitive bidding rounds, exploration activities, subsequent field development, linkage to downstream processes and decommissioning. To derive an accurate asset value assessment, innovative fiscal, and commercial solutions are required to deal with the future chain of complex integrated investments and an associated downside exposure.

The third SPE Petroleum Economics workshop is an extension of the workshops held in 2012/2013 and becomes an annual platform for knowledge sharing in the area of petroleum economics. The workshop provides a great opportunity for speakers to share their experience, discuss current topics with a diverse audience, get exposed to the latest case studies as well as see an informal debate amongst the participants.

The workshop topics are focused specifically on economic valuation best practices, key project value drivers, risk assessment, asset life cycle optimisation as well as economics in an integrated upstream and downstream environment. Delegates will also have the opportunity to understand the theories and methods used to effectively monetise unconventional resources to ensure sustained value creation to the respective stakeholders. This event will provide an opportunity to network with fellow peers and exchange ideas on recent industry trends and global geopolitical challenges.

Workshop Objectives
This workshop aims to bring together a wide range of industry professionals including practitioners of economics, corporate business planning, decision making, government regulation, petroleum geosciences, engineering, and external consulting.

It will address existing and emerging approaches on evaluation techniques and best practices in executing petroleum economics.

The workshop will cover a series of structured sessions and discussions on topics related to:

  • Macroeconomics and Global Geopolitical Outlook
  • Value Drivers and Associated Risks
  • Asset Life Cycle Monetisation
  • Unconventional Resource Economics
  • Integrated Projects Economics

Who Should Attend

  • Economists
  • Corporate Planners
  • Decision Makers
  • Regulators
  • Sub-Surface and Surface Engineers
  • Geoscientists
  • Portfolio Managers
  • Business Analysts
  • Negotiators
  • Commercial Advisors
  • Project Managers

Visa Information

SPE Middle East, North Africa and India will assist in providing a visa invitation letter, upon request in writing, to confirmed registrants after receiving full payment of registration fees. Visa invitation letters take five days to issue from the date of request and it is the delegate's responsibility to obtain their own visa. SPE cannot issue the visa nor can we guarantee it will be obtained.

Workshop Guidelines

Format

Three (3) days of informal discussions prompted by selected keynote presentations and discussions. Workshops maximise the exchange of ideas among attendees and presenters through brief technical presentations followed by extended Q&A periods. Focused topics attract an informed audience eager to discuss issues critical to advancing both technology and best practices. The majority of the presentations are in the form of case studies, highlighting engineering achievements and lessons learnt. In order to stimulate frank discussion, no proceedings are published and the press is not invited to attend.

Documentation

  • Proceedings will not be published; therefore, formal papers and handouts are not expected from speakers.
  • Work in progress, new ideas and interesting projects are sought.
  • Professionally-prepared visual aids are not required; handwritten view graphs are entirely acceptable.
  • Note-taking by participants is encouraged.

Attendance

Registrations will be accepted on a first-come, first-serve basis. The Steering Committee encourages attendance from those who can contribute to the workshop most effectively either in discussions or with posters. A mix of attendees in terms of geographic origin, companies and disciplines will be encouraged.

Workshop Deliverables

  • The Steering Committee will appoint a “scribe” to record the discussions and to produce the full workshop report for SPE.
  • This report will be circulated to all attendees as the workshop deliverable within 4–6 weeks following the workshop. The copyright of the report is with SPE.
  • PowerPoint presentation materials will be posted on a specific SPE URL address after the workshop Provision of the materials by the speakers will signify their permission for SPE to do so.

Commercialism

In keeping with workshop objectives and the SPE mission, commercialism in posters or presentations will not be permitted. Company logos must be limited to the title slide and used only to indicate the affiliation of the presenter and others involved in the work.

Attendance Certificate

All attendees will receive an attendance certificate attesting to their participation in the workshop. This certificate will be provided in exchange for a completed Workshop Questionnaire.

Continuing Education Units

Attendees at this workshop qualify for SPE Continuing Education Units (CEU) at the rate of 0.1 CEU per hour of the workshop.