Asset Management-Tools, Process, and Practice

Management and Information


Participants in this course will learn to develop and put in context an integrated asset management plan.  They will begin by defining the asset from the earliest phases and work through its lifecycle, including the entire infrastructure, facilities, equipment and services.

Topics include:

  • Define the contents of an asset management plan
  • External factors such as fiscal terms, host government policies, regulatory requirements, etc.
  • Macroeconomic factors such as the price of products, good, and services
  • Internal factors such as company policies, external commitments, resources, decision-making processes and criteria, roles and responsibilities, authority guidelines, rewards, and budgets

At the end of the course, participants should understand:

  • The asset management process, including key decisions and deliverables
  • Roles of multi-disciplinary team members and monitoring their performance
  • Information needed from each discipline in various stages of the asset lifecycle
  • Roles of benchmarking, post-auditing, and continuous improvement
  • An overview of asset management tolls and examples from the field, including regquent mistakes

Learning Level


Course Length

2 Days

Why You Should Attend

You’ll learn asset management strategies and skills that can immediately be utilised in the field.

Who Should Attend

This course is designed for professionals across the full spectrum of oil and gas operations.


1.6 CEUs (Continuing Education Units) will be awarded for this 2-day course.

Special Instructions

Participants must bring a laptop.

Cancellation Policy

  • If you cancel before 14 September 2016, you will receive a full refund less USD 100.
  • If you cancel after 14 September 2016, you will not be eligible for a refund.
  • No refund will be given if a registered delegate fails to attend the training course.
  • SPE must receive cancellation requests in writing by 14 September 2016, by fax on +971.4.457.3164, or by email to


Alok Jain is a director of Asset Management Solutions, a training and consulting firm that he formed after taking retirement from ConocoPhillips in late 2003. In his 22 years with Conoco, Jain served in technical and leadership roles in asset management, project management and reservoir engineering. Prior to Conoco, he worked for 11 years in the petroleum industry in Canada, United States, and Libya in economic evaluation, reservoir engineering and development, and as a reservoir simulation engineer with Gulf Oil Company in Venezuela, Nigeria, and Canada.

Jain holds a BS in chemical engineering from Panjab University, India, a postgraduate diploma in petroleum refining and petrochemicals from the Indian Institute of Petroleum and an MSc in petroleum engineering from the University of Alberta in Canada.