Unitisation in Oil and Gas
Course fees for tuition, materials and certification: $5,900.00 (Excl. VAT) per delegate for 1 week.
Unitisation in the oil and gas industry refers to the process of combining resources from multiple ownerships and fields into a single operational unit. This approach allows for the effective management of reservoirs that cross property lines, ensuring optimal extraction and minimizing waste. The primary goal of unitisation is to enhance recovery efficiency while ensuring equitable distribution of costs and revenues among stakeholders.
The process typically involves legal agreements that outline the responsibilities and rights of each party involved.
Upon completing this course, participants will be able to:
Understand Unitisation Concepts: Clearly define unitisation and articulate its importance in resource management within the oil and gas industry.
Evaluate Legal Frameworks: Identify key legal aspects of unitisation agreements and navigate the negotiation process effectively.
Assess Reservoir Characteristics: Analyze reservoir behavior and apply assessment techniques to determine the feasibility of unitisation.
Implement Economic Strategies: Conduct cost-benefit analyses related to unitisation and understand revenue-sharing models among stakeholders.
| More Detail | |||
| Duration | This is a one week programme spread over 5 working days. | ||
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| Certification | A certificate of completion is granted on successful completion of the programme. | ||
| Location | (London, UK) | ||
| Travel and accommodation | Travel and accommodation to be paid for at source by delegates | ||
| Fees |
Course fees for tuition, materials and certification: $5,900.00 (Excl. VAT) per delegate for 1 week. |
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