For six weeks, the participants will learn the essence of the Upstream Petroleum Business in weekly sessions that include three hours of individual e-Learning and one hour online with an IHRDC virtual mentor, who discusses the weekly topics and introduces the IHRDC’s West Africa petroleum business simulation session assignments. Participants then work with their teams to analyze and make decisions during the simulated exploration and development of a challenging petroleum prospect. The results of the simulation game are announced during a final Mentor session.
$950 – $3,750
Technical, commercial, and operations personnel who seek an in-depth understanding of the Upstream Sector of the petroleum industry: technology, economics, project development process, markets and how it contributes to the broader industry.
3-4 hours self-study and 1 hour online virtual mentored session per week for six continuous weeks.
e-Learning self-study, individual or team participation in a competitive simulation game with a virtual mentor
Individuals/teams explore, develop and produce a challenging petroleum exploration opportunity through 20 years of production. Best performing team wins the Team Prize.
Upstream Oil and Gas Agreements
Project Cash Flow Analysis
Petroleum Supply/Demand and Pricing
Introduction to Simulation Scenario; Select Concession or PSC Agreement
Petroleum Geology and the Exploration Process
Design and Interpret Seismic Surveys; Identify Prospects
Drilling and Well Completions
Drill Exploration and Appraisal Wells
Resource Estimation and Oilfield Development Planning
Field Development: Design Surface and Subsurface Facilities
Marketing and Trading of Crude Oil
Select Crude Oil Marketing Options; Submit Development Decision
Mentor Summary of Petroleum Simulation Game Results