Managing and Planning Oil & Gas Essay Question

Introduction

The client you represent has asked you to evaluate the feasibility of additional capital investment to re-develop existing offshore oil and gas reservoir assets in Ghana. You are part of a team of experts asked to analyse the latest output from simulation models and deliver a final decision regarding the technical and commercial viability of the proposed reservoir re-development. The data will be provided by your client for you and your team to analyse.

Learning Outcomes:

Critically analyse petroleum systems, reservoir properties and hydrocarbon production data

Critically analyse the constraints of planning and managing a petroleum reservoir

Synthesise a range of geological, geophysical economic theories and concepts in relation to reservoir management.

Analyse reservoir simulator output to plan the production from a reservoir.

Analyse environmental and safety risks related to the management of surface facilities.

Recommend proposed projects to senior management.

Investment decision on development of oil reservoir

You have been asked by your client to evaluate the feasibility of investment options in relation to the re-development of the Ghana project. You must work with your group to analyse the data provided and advice your client accordingly regarding the technical and economic feasibility of the new proposed project. You should critically analyse the options identified by the client and produce a report highlighting the findings.

1. Introduction
2. Examine the key aspects of the reservoir properties and characterisation
3. Analyse key findings of the simulation output
4. Analyse the key findings of the economic analysis including NPV and IRR
5. Evaluate the relevance of geological and geophysics analysis within the context of theoretical concepts of Reservoir Management
6. Analyse the constraints related to managing hydrocarbon reservoirs
7. Highlight key aspects of environmental risk assessment and planning including:
   1. Key supporting processes, such as compliance with legal requirements;
   2. Outline the key areas the plan should cover for effective environmental management;
   3. Requirement for resources;
   4. The main benefits of adopting an environmental management system to reduce environmental impacts.
8. Highlight key aspects of health and safety risk assessment and planning including:
   1. Key supporting processes, such as compliance with legal requirements;
   2. Outline the key areas the plan should cover for maintaining good health and safety standards;
   3. Outline the key areas the plan should cover for effective health and safety risk assessment;
   4. Requirement for resources.

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