Plan of Development (POD)
- Understand the Plan of Development Process: Learn the technical and non-technical aspects (e.g., drilling, HSE, CSR) involved in creating and executing a POD in oil and gas projects.
- Enhance Geology & Geophysics Knowledge: Deepen your understanding of geological, geophysical, and reservoir factors that influence oil and gas field development.
- Master the Economics of Field Development: Gain insights into the economic considerations, commercial terms (e.g., PSC, DMO, depreciation, cost estimations), and incentives that drive field development decisions.
- Apply Regulatory Frameworks: Grasp the key regulations, learn about the regulatory requirements for submitting a POD and other related documents like WP&B, AFE, and FQR.
- Develop Real-World Skills: Engage in practical case studies to enhance your capability to apply POD concepts to real-world oil and gas projects covering geological, technical, and commercial aspects of POD, with hands-on exercises.
- Comprehensive Project Cycle Knowledge: Explore the entire oil and gas project lifecycle from planning, testing, development, production, and abandonment, ensuring a well-rounded skill set for POD implementation.
Led by professional trainers with extensive experience in oil and gas field development and regulation. This training delivers actionable insights into POD processes and directly applicable to your ongoing or future oil and gas projects, also helping you manage both technical and business aspects of field development. Build a competitive edge and improve your understanding to make more better decisions in field development strategies.
CCUS
4 days
Skilled
Classroom
DAY 1 – Introduction & Technical Aspects
- Geology and Geophysics (G&G) Aspects
- Geological Factors Consideration on Development and Production
- Subsurface for POD (Geology, Geophysics, & Petrophysics)
- Geomodeling- Uncertainty Analysis
- Testing Analysis (DST, Well Test, RFT/MDT, for determination of
Reserves Area - Practical Cases
DAY 2 – Technical Aspect: Subsurface POD – Dynamic Model
- Process of Pre POD
- MOM Final Format
- Well Test Application
- Reservoir Simulation:
– Static Model Review
– Reservoir Data Processing
– Initialization (In place Matching)
– History Matching
– Prediction - Material Balance
- Decline Curve Analysis & Sectorization
- Practical Cases
DAY 3 – Non-Subsurface Aspects
- POD in Oil & Gas Project Cycle
- Non-Subsurface Aspects in Business Process
- Non-Subsurface Aspects based on PTK POD
– Drilling & Completion
– Production Facilities
– Field Development Scenario
– Health Safety & Environment (HSE) & Corporate Social Responsibility (CSR)
– Abandonment & Site Restoration Plan
– Project Schedule & Organization
– Local Content - Practical Cases
Development Scenario & Monitoring POD
- Regulation Aspects
- Basis of Pre POD / Pre POFD
- Types of POD
- PSC vs (POD, WP&B, AFE, FQR)
- Field Development Scenario
- Monitoring POD
- Practical Cases
DAY 4 – Petroleum Economics
- Commercial Aspect:
– PSC Terms
– Flow PSC
– Depreciation Mechanism
– DMO Calculation Mechanism
– Cost of Field Development
– Incentive of Field Development
– Project Economics
– Step by Step Project Economics calculation - Attachments (Technical Supporting Data, MOM, Cost Estimation, Spreadsheet economic)
- Practical Class
GTN Expert Team.
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