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SPE Certification and PE Exam Review Featured Image

SPE Certification and PE Exam Review

This preparatory study course will share best practices for engineering professionals getting ready to take the professional registration or the SPE certification exam. Duration: 13 hours, 5 minutes Expiration: This course expires 12 months from date of registration.

Overview of the Energy Transition Featured Image

Overview of the Energy Transition

In this course, we focus on several key aspects of the energy transition, starting with the scientific basis of global warming and the impact of greenhouse gas emissions on our climates. We also summarize the UN Paris Agreement and the aspirational target of limiting global warming to a maximum of 2°C by 2050. We review the historical energy supply, demand, and greenhouse gas emissions to date, and the options available to reduce CO2 emissions. We then turn to the drivers and projections of a lower-carbon energy future through the rapid expansion of affordable renewable energy resources, hydrogen production, the reduction of methane emissions, and carbon capture and storage opportunities. Lastly, we discuss three critical requirements to achieve the net zero goals.

Value of Information Featured Image

Value of Information

The learner will analyze the economic "value of information" that can be achieved during the exploration process by applying various technologies at progressively higher costs to reduce uncertainty, thereby providing better estimates during the decision process. The objectives of this course are to: measure the value of data vs. the cost to acquire the data, determine multiple data acquisition scenarios that can accomplish the goals and measure their impact on the prospects economics, and understand the cost-benefit decision process and exploration uncertainty in making both technical and business decisions.

Understanding and Managing Budgets Featured Image

Understanding and Managing Budgets

A budget is a detail of expenses and incomes for a set period of time. This introductory-level course covers budgets and how they are used in organizational settings including the uses and functions of master budgets, operating budgets, sales, production and cost of goods sold budgets, and cash budgets. You will also learn about the budgeting process, and how organizations are using different budgeting techniques to overcome operating challenges.

Leadership and Management for Entrepreneurs Featured Image

Leadership and Management for Entrepreneurs

This course explores the leadership and management issues entrepreneurs face as they create and establish successful new ventures. It reviews the key managerial roles of planning, organizing, staffing, leading and controlling and their application in entrepreneurial settings. Further, the course addresses self-management for the entrepreneur--how an entrepreneur can manage his or her own time and maintain a proper work-life balance.

Introduction to Finance Featured Image

Introduction to Finance

Understanding basic finance is important for any managerial position, even non-financial managers. This introductory-level course starts at the beginning, discussing finance as an organizational setting and legal forms of business. The course continues on to cover the responsibilities of financial managers, roles of finance in a typical business organization, and relevant financial markets of interest to financial managers. Further, the course will discuss corporate financing and the role the stock market plays in the business world.

Intelligent Completions Featured Image

Intelligent Completions

As the oil industry matures, it must seek better and more efficient ways to exploit diminishing resources. To maximize production and improve the economics of reservoirs, oil companies must resort to a wide range of sophisticated completion strategies. By real-time data monitoring with remote-controlled sliding sleeves or variable chokes, intelligent completions help operators to better manage production, eliminate or reduce interventions and associated production downtime, well costs and risks. This new IPIMS topic discusses the overall evolution of intelligent well completions, and describes a variety of intelligent well technologies that focus on measurement and control techniques to optimize oil and gas production.

Gas Processing and NGL Markets Featured Image

Gas Processing and NGL Markets

This course offers an overview of the expanding gas processing sector, which has been impacted by the rapid development of unconventional gas. It explains how rich natural gas is first separated into methane and NGL and transported to fractionation plants, where it is separated into ethane, LPGs (propane and butanes) and natural gasoline. Special attention is given to the various uses for these liquid hydrocarbons, the market prices and economics of various rich gas streams when separated and marketed into individual components and their historical international market supply-demand and pricing profiles.

Exploration Project Management Featured Image

Exploration Project Management

In this course you will be introduced to the project management stage-gate process, with attention to Stage One, the Exploration Stage. Specific focus is placed on the host country licensing agreement and its commercial terms, the value of information as it applies to the exploration process; including the manner in which an opportunity progresses from play to prospect, the drilling of exploratory wells and the formation evaluation decisions. The estimation of resources using the SPE resources management system, and the project economic analysis using both deterministic and stochastic analysis will be covered. The learner will be able to: describe the Exploration Project Management methodology and its role in the exploration process, understand the Exploration Process from both a technical and business management perspective, apply the SPE Resources Management System to exploration opportunities, understand the role of risk and uncertainty and the costs associated with risk reduction and its impact on profitability, know how to develop business metrics for an exploration prospect using project economics under conditions of uncertainty, and identify how to review the business and technical criteria necessary to move an opportunity from play to prospect through disciplined process that leads to a commitment to move to Stage Two: Planning Field Development.

Economic Evaluation Featured Image

Economic Evaluation

Use economic evaluation methods to select the most profitable project and/or exploitation strategy, and formulate a project budget. Upon completion of this module, the participant should be able to apply economic evaluation techniques that are necessary for analyzing proposed long-range exploitation strategies and/or projects in the areas of reservoir, drilling and production.

Exploration Process Featured Image

Exploration Process

Learn the technical and management steps that are followed to move an exploration opportunity from play to a prospect by applying a series of progressively expensive data collection steps beginning with aerial or satellite imaging, then gravity and magnetic surveys, seismic surveys, exploration and appraisal well drilling, reservoir characterization, resources estimation and economic analysis. Upon completion of this module, the learner will be able to: learn the progressively more expansive data collection and analysis steps that are applied to an exploration opportunity from the negotiation of a host country agreement to the request for funds to move to Field Development Planning, learn how the exploration process involves making decisions to acquire data under conditions of uncertainty (value of information), learn how exploration and appraisal wells are located to delineate a prospect, learn how resources are estimated using the SPE system under conditions of uncertainty, generate prospect economics based on estimated reserves and project economic indicator, and learn how to assess geological risk.

Overview of Rigless Well Intervention Featured Image

Overview of Rigless Well Intervention

This topic introduces the basic terminology, purpose, and economics of rigless well intervention. The health, safety, and environment (HSE) factors that must be considered when planning for and carrying out rigless well intervention activities are presented. The topic also covers the various tasks, roles, and responsibilities along with general preparation and well selection guidelines.