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