PETROENG 4022 - Integrated Field Development and Economics Project
North Terrace Campus - Semester 2 - 2019
General Course Information
Course Code PETROENG 4022 Course Integrated Field Development and Economics Project Coordinating Unit Australian School of Petroleum Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Block-format course (7 days total) with integrated lectures and project work. Available for Study Abroad and Exchange Y Assumed Knowledge Level I - IV PETROENG Courses Course Description Field Development Planning gives an overview of the process and methods for developing an optimum plan for developing a petroleum deposit. Key project drive indicators are discussed and it is shown how various disciplines interact in their quest for maximising the value of a project. The course covers all aspects of field development planning, commencing with screening studies, after discovering hydrocarbons, to project sanction. In particular, it is shown that the development planning phase has the potential to add maximum value, when compared to all other phases of the life cycle; as such this phase is most critical. These aspects are presented in detail in terms of actual case histories. It is shown how a proper balance has to be struck among key elements: reservoirs, wells and facilities, not to mention the balance between minimising costs and maximising value, often recovery. Other key essentials, such as flexibility and risk management are also covered. The project is based on an actual data set involving an offshore development. The aim is to study the exploration results and to develop a recommendation for the optimum field appraisal plan. The second part of the project involves the feasibility and development of the optimum field development plan. Participants work in small teams and submit written reports. Students also present their results in front of an academic/industry panel.
Course Coordinator: Professor Steve Begg
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning Outcomes
1 Apply workflows in major studies in petroleum engineering or petroleum geosciences. 2 Apply multiple data aspects - searching, evaluating analysing and synthesising/ integrating, being exposed to actual data sets from the petroleum industry. 3 Students will as part of a multidisciplinary teams where they are integrating their solution as part of a larger effort. Innovation and creativity are stressed in finding workable solutions. 4 Demonstrate the ability to work in teams with a high degree of interaction, communication and making presentations to a panel (academic and industry). 5 Outline the latest techniques on a real world problems and apply contemporary technologies. 6 Demonstrate the ability to complete extensive literature searches, including the use of the internet, in order to broaden their knowledge and to awaken their curiosity. 7 Employ a project management role, guiding their team. Students also have the opportunity to meet managers from the industry. 8 Explain safety, health and environmental issues and decide on how to appropriately deal with these.
University Graduate Attributes
No information currently available.
Required ResourcesThere are no set texts for this course. Handouts will be distributed in class.
Recommended ResourcesResources will be supplied by the instructor and students will search libraries and make use of the internet.
Online LearningAny additional materials, not provided in the class notes, will be provided via MyUni and you will receive an email accordingly.
Learning & Teaching Activities
Learning & Teaching ModesLectures (typically 3 per day), discussion groups, consultation and self study.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
A 3-unit course requires 156 hours and possibly some additional private study time.
Class work involves typically three hours, at times more, a day of group sessions, where individuals work in teams to develop field appraisal plans and conduct a development feasibility study, including economic evaluation.
Learning Activities Summary
Day Lectures and Activities Day 1 Introduction (1) Case Histories 1: Reservoir Characterisation (2) Appraisal Exercise Briefing (A) Appraisal Exercise Reservoir Performance (3) – self-study Day 2 Field Appraisal (4) Wells: Use and Design Concepts (5) BOD and Floating Offshore Facilities (6) Appraisal Exercise Continued Appraisal Exercise Presentations Resources and Reserves (7) – self-study Day 3 Project Feasibility and Management (8) Economic Evaluation (9) Appraisal Exercise Debriefing and Development Exercise Briefing (B) Development Exercise Day 4 Subsea Facilities (10) Fixed Offshore Structures (11) Project Risk: Facilities Examples (12) Day 5 Gas Field Development (13) Deepwater Facilities (14) Development Exercise Continued Day 6 Case History 2: Feasibility and Implementation (15) Development Exercise Continued Development Exercise Presentations Development Exercise Debriefing (C)
Specific Course RequirementsStudents are required to work on group exercises on the weekend, as a minimum a half day on a Saturday.
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment SummaryGrading will be based on the following:
Appraisal Exercise (written report)
Appraisal Exercise (oral presentation)
Development Exercise (oral presentation)
Development Exercise (written report)
Assessment Related RequirementsOral presentations (development) will be made by all students (on their respective team contributions) in front of a panel, where each panel member will carry equal weight towards student grading.
Some adjustment (within 10%) to students’ marks may be made at the lecturer’s discretion, depending on class participation and students’ efforts. Students are expected to attend ALL lectures and practicals.
Oral presentations, Appraisal Exercise is to be advised.
Oral presentations, Development Exercise is to be advised.
Written reports, Appraisal Exercise are to be advised.
Written reports, Development Exercise are to be advised.
Class exercises involve group work, but the final written submissions must be your own work. Each assignment must be submitted by its deadline. Late submission is NOT allowed.
Assessment DetailAppraisal Exercise (oral) during class: 5%
Appraisal Exercise (written report) after completion of course: 15%
Development Exercise (oral presentation) during class: 30%
Development Exercise (written report) after completion of course: 50%
Bonus points are given to project managers.
SubmissionWritten reports have to be submitted to the School’s office (level 2, Santos building) by the above mentioned deadlines (4 pm). Submissions must be in hardcopy and on a CD. Reports are also to be emailed to the course instructor in pdf format where file names should first mention the student’s surname (only), followed by “Appraisal Exercise” or “Development Exercise”
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
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