This course will discuss the practical state-of-the-art techniques of Volume to Value(VV) to help attendees assess exploratory deepwater offshore oil and gas prospects and quantify economic values of the prospects. Attendees will learn how to develop a preliminary field development plan for a given discovery prospect and estimate oil and gas recovery, wells required, and costs. They will also learn how to conduct economic evaluation for lease sales or farm-in opportunities.

Topics Include:

• Volume to value (VV) cycle—from volume to value
• Brief review of volumetrics applied to exploratory prospects
• Application of analogues and its relevance to evaluation of similar opportunities
• Appraisal and field development plan
• Estimating operating and capital costs

Intermediate

2 Days

Upon completion of this course, attendees should be able to evaluate the commercial potential of original oil and gas in-place in exploratory blocks and develop preliminary field development plans.

Attendees should also be able to obtain value of the opportunity in order to make the decision to go ahead and develop the field or walk away from it, as well as identify constraints in terms of geology and engineering that will make it viable or impede the realization of the project.

This course is for petroleum, reservoir and production engineers, and geoscientists, economists, managers, and investors as well as government officials interested in screening deepwater offshore oil and gas exploration prospects for lease sales and/or farm-in opportunities should attend this course.

Attendees must bring a laptop to class. Instructors will provide Excel programs.

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

To receive a full refund, all cancellations must be received in writing no later than 14 days prior to the course start date. Cancellations made after the 14-day window will not be refunded. Send cancellation requests by email to trainingcourses@spe.org; by fax to +1.866.460.3032 (US) or +1.972.852.9292 (outside US); or mail to SPE Registration, PO Box 833836, Richardson, TX 75083.

For more details, please contact us at trainingcourses@spe.org.

Luiz C. Amado is an expert in reservoir engineering, PVT/ compositional simulation and integrated asset modeling (IAM), and works with ENI Petroleum as a Senior Reservoir Engineer.

Amado has over 20 years of oil and gas industry experience, working with Shell, Petrobras, Ecopetrol, Nexen Petroleum and Schlumberger. He has been involved in projects in Mexico, the Southern North Sea (Leman), Brazil (Bijupira and Salema fields), and other areas of South America and South Caribbean. He was also involved in many projects in the Gulf of Mexico (Llano field, Pliocene, Miocene, and Lower Tertiary plays, Hadrian, K2, and Santos, Campos and Espirito Santo basins).

Amado holds a BS in civil engineering from Federal Fluminense University, Brazil, an MS in petroleum engineering from Campinas State University, Brazil and a PhD in petroleum engineering from the University of Leoben, Austria. He is a long-standing member of SPE and has served on several SPE technical committees and conference boards. He is fluent in English, Spanish and Portuguese.

S.M. (Sam) Avasthi, PE is chairman and CEO, founder, and director of engineering of EOR at Avasthi & Associates, a worldwide petroleum consulting company headquartered in Houston, Texas. He has extensive experience in oil and gas reservoir engineering and simulation, the revitalization of mature fields, EOR project design, as well as reservoir asset optimization and training.

Before founding his own company, Avasthi held senior-level petroleum engineering and consulting positions with a major oil and gas company and an international oil and gas consulting company. He is a registered professional engineer in Texas, a Legion of Honor member of SPE, and a technical editor for the SPE Reservoir Evaluation & Engineering journal, SPE Production & Operations journal, and SPE’s Journal of Canadian Petroleum Technology.

Avasthi is an engineering alumnus of the Indian School of Mines, Imperial College of the University of London, and Texas A&M University. He earned his PhD in petroleum engineering from Texas A&M University, and was a research fellow in chemical engineering at Rice University.

• Optimizing Gas Fields using Integrated Asset Modeling (Luiz Amado, S.M. Avasthi)
• Geological Sequestration of CO₂ (S.M. Avasthi)
• Practical Aspects of CO₂ Flooding EOR and Introduction to CO₂ Geosequestration (S.M. Avasthi)
• Practical Aspects of CO2 Flooding EOR and CO2 Geosequestration (S. M. Avasthi)
• Practical Aspects of Thermal EOR (S.M. Avasthi)
• Practical Reservoir Surveillance and Management Techniques for Primary, Secondary, and Tertiary Oil Recovery Projects (S.M. Avasthi)