Upstream Oil & Gas Business Simulation

This course is ideal for:

• Reservoir, drilling, and production engineers
• Asset managers and field development planners
• Commercial, strategy, and finance professionals in E&P companies
• Business analysts and new venture teams
• Government and regulatory staff involved in upstream oversight
• Graduate trainees in oil & gas development programs

• Basic understanding of upstream oil & gas operations
• Familiarity with E&P business terminology and decision processes
  (No advanced simulation or financial modeling experience is required)

Introduction to the Upstream Business & Simulation Setup
- Overview of exploration, appraisal, development, production
- Key value drivers in upstream oil & gas
- Simulation roles, rules, and objectives
- Team formation and strategy planning
Exploration & Appraisal Phase Decisions
- Licensing rounds and asset evaluation
- Risk/reward assessment and seismic investments
- Well planning, cost forecasting, and JV discussions
- Simulation turn 1: exploration results and reporting
Field Development & Financial Planning
- Development planning and investment approval
- Capex and opex decisions, production forecasts
- Facility design and contracting strategies
- Simulation turn 2: production starts and budget control
Operational Management & Market Dynamics
- Managing production operations and unexpected events
- Price fluctuations, NPV, and ROI analysis
- Regulatory compliance and environmental decisions
- Simulation turn 3: operational performance and market changes
Final Turn, Results & Team Presentations
- End-of-life planning and decommissioning considerations
- Final reporting: reserves, profit, and stakeholder impact
- Team presentations and strategic lessons
- Group debrief and knowledge transfer