Escolar Documentos
Profissional Documentos
Cultura Documentos
26 April 2015
WORKSHOP
Supported by:
Economists
Corporate Planners
Decision Makers
Regulators
Sub-Surface and Surface Engineers
Geoscientists
Portfolio Managers
Business Analysts
Negotiators
Project Managers
Committee Members
Co-Chairperson
Blaise Fremaux
Gaffney, Cline & Associates
Abdul Jalil Zainul
PETRONAS
Sameh S. Abdulla
ADCO
Badar Al-Abri
Petroleum Development Oman
Hayder Obead Al-Moallem
ADCO
Aidah Al-Zahrani
Saudi Aramco
Douglas Carsted
Sproule Associates
Salva Clave
3esi Middle East
Rabih El Chaar
OXY
Lyrna Esmeralda-Hewitt
LR Senergy
Kirk Hanes
Palantir Solutions
Ramin Lakani
Halliburton
Wil Mos
Shell
Anina Mendez
Schllumberger
Hesham Ahmad Mubarak
KGOC
Usman Sethi
Schlumberger
Workshop Description
The significance of petroleum economics is to ensure and maximise the Bottom Line Value creation
through the exploitation of petroleum resources.
Given the challenging global markets, together with the volatile business landscape of the oil and gas
industry under the current low oil price environment, economic analysis needs to evolve to support
quality business decisions. The economic parameters, tools, fiscal, and contractual arrangement used
in the economic evaluation need to improve to further unlock and create value from the petroleum
resources. In addition, innovative fiscal and commercial solutions are required to deal with the future
chain of higher risk technical potential such as EOR/IOR and unconventional petroleum resources.
The 4th Annual SPE Petroleum Economics Workshop will continue to deliberate on the best practices
and methods that are used to effectively assess the value derived from petroleum resources. The
workshop topics are focused specifically on improvement of bottom line value under the current
challenging global market, low oil price environment, and high risk petroleum resources. Delegates
will also have the opportunity to understand key drivers in portfolio optimisation and the effective
fiscal terms and petroleum arrangements that are continuously required to attract investment to
explore, develop, and monetise the petroleum resources. In addition, the event will also provide ample
opportunity to network with fellow peers and exchange ideas on recent industry trends.
Workshop Objectives
This workshop aims to become a platform of discussion to share ideas in the domain of petroleum
economics for a wide range of industry professionals including practitioners of economics, corporate
business planning, decision making, regulation, legal, geosciences, engineering, and external
consulting.
It will address the existing and emerging practices on the valuation techniques/approaches that are
used during the process of conducting a wide range of petroleum economic assessments and taking
related decisions.
Sarika Varma
Heriot-Watt University
Jasper Weener
Dubai Petroleum
Abdel M. Zellou
T.D. Williamson
www.spe.org/go/economics
WORKSHOP
Sponsorship Support
Sponsorship support helps offset the
cost of producing workshops and allows
SPE to keep the attendance price within
reach of operations-level individuals,
those who benefit most from these
technical workshops.
Sponsors benefit both directly and
indirectly by having their names
associated with a specific workshop
While SPE prohibits any type of
commercialism within the conference
hall itself, the society recognises that
sponsoring companies offer valuable
information to attendees outside the
technical sessions.
Sponsorship Categories
Sponsorships are offered on a first
come basis. Please contact SPE to
verify the availability of a particular
sponsorship. Existing sponsors have
the opportunity to renew the same level
of sponsorship for annual workshops
Gold Sponsorship
Silver Sponsorship
Bronze Sponsorship
Welcome Reception and Dinner
Sponsorship
Speakers Gifts Sponsorship
Lanyards Sponsorship
Badge Sponsorship
Stationery Sponsorship
Luncheon SponsorshipPer Day
Coffee Break SponsorshipPer Day
Audio-Visual Equipment
Sponsorship
Sponsorship Benefits
In addition to onsite recognition; SPE
will recognise sponsors on the SPE
website and in all printed material
for the workshop. Based on the
sponsorship selected, sponsoring
companies also receive logo visibility
on promotional workshop items.
26 May 2015
Coffee Break Sponsor
www.spe.org/events/15adu4
Efficiency in harvesting solar energyCan solar energy be used to supply steam for thermal EOR projects?
Shale oil boomWhat are the possible commercial methods to improve the low recovery factor of shale plays?
Exotic EOR titlesCompanies are branding chemical flooding techniques using attractive names such as designer water,
smart water, ultra-low IFT surfactants, and bright water to name a few. Are these techniques as economical and effective as
their marketing pitches claim, or is it all about the name?
EOR in giant oilfieldsAre EOR techniques needed for giant oilfields at this time or more work such as infill drilling and
pattern water floods are required ahead of EOR applications? If they are necessary, how scalable are they? And how can
companies prepare to scale up in size and minimise costs?
Coffee Break
Session 6: Continued
Open Discussion
Workshop Wrap-Up
General Information
www.spe.org/events/15adu4
Workshop Venue
The Address Dubai Marina Hotel
P.O. Box 32923, Dubai, United Arab Emirates
Tel: +971.4.436.7777 | Fax: +971.4.436.7788
Web: www.theaddress.com
Email: dubaimarina@theaddress.com
Workshop Guidelines
Format
Two (2) days of informal discussions prompted by selected keynote presentations and discussions. Workshops maximise the exchange
of ideas among attendees and presenters through brief technical presentations followed by extended Q&A periods. Focused topics attract
an informed audience eager to discuss issues critical to advancing both technology and best practices. The majority of the presentations
are in the form of case studies, highlighting engineering achievements and lessons learnt. In order to stimulate frank discussion, no
proceedings are published and the press is not invited to attend.
Documentation
Proceedings will not be published; therefore, formal papers and handouts are not expected from speakers.
Work in progress, new ideas, and interesting projects are sought.
Professionally-prepared visual aids are not required; however, PowerPoint presentations are most commonly used.
Note-taking by participants is encouraged.
Poster Session
The Steering Committee encourages registrations from professionals who are able to prepare and present a poster on a relevant project. For
further details kindly contact Regina Alphonso, event manager, at ralphonso@spe.org.
Breakout Session
Attendees may be randomly assigned to discussion groups to maximise the opportunity to interact with other participants.
Attendance
Registrations will be accepted on a first-come, first-served basis. The Steering Committee encourages attendance from those who
can contribute to the workshop most effectively either in discussions or with posters. A mix of attendees in terms of geographic origin,
companies and disciplines will be encouraged.
Workshop Deliverables
The Steering Committee will appoint a scribe to record the discussions and to produce the full workshop report for SPE.
This report will be circulated to all attendees as the workshop deliverable within 46 weeks following the workshop. The copyright of
the report is with SPE.
PowerPoint presentation materials will be posted on a specific SPE URL address after the workshop. Provision of the materials by the
speakers will signify their permission for SPE to do so.
Commercialism
In keeping with workshop objectives and the SPE mission, commercialism in posters or presentations will not be permitted. Company logos
must be limited to the title slide and used only to indicate the affiliation of the presenter and others involved in the work.
Attendance Certificate
All attendees will receive an attendance certificate attesting to their participation in the workshop. This certificate will be provided in exchange
for a completed Workshop Questionnaire.
Attendees of this workshop qualify for SPE Continuing Education Units (CEU) at the rate of 0.1 CEU per hour of the workshop.
Registration Information
This is a nonresidential workshop and therefore hotel accommodation is not included in the registration fees. The registration fees include all
workshop sessions, coffee breaks, and luncheons. Please refer to the registration form for registration fees.
A processing fee of USD 100 will be charged for cancellations received before the registration deadline of 26 April 2015.
For cancellations received after the registration deadline, 26 April 2015, 25% of the fee will be refunded to the registrant.
No refund on cancellations received within seven (7) days prior to the workshop date, i.e. on or after 19 May 2015.
No refund will be issued if a registrant fails to attend the workshop.
Registration Policy
Introduction to Decision Analysis: Using Decision Framing and Probabilistic Analysis Techniques to
Evaluate Complex Decision Problems
Course Description
I think of decision analysis as a formalisation of common sense for decision problems which are too complex for informal
use of common sense. Ralph L. Keeney.
The oil industry is mired in complex decision problems, made even more challenging when we consider the diverse
opinions and objectives of all the stakeholders, both internal and external. This one-day course shows how using the
structured decision analysis workflow can help navigate the development and analysis of different go-forward strategies, to
enhance decision quality.
DefineFrameAnalyseDecide
Individually, the four main steps that comprise Decision Analysis are relatively simple and straight forward. The power
comes from the structure. Attendees will be introduced to a step-wise approach to:
1.
Define the decision problem, to ensure that the team and decision-makers have agreed the problem that
needs to be solved,
2.
Frame the problem, to ensure that a wide variety of potential solutions has been considered upfront,
3.
Analyse these solutions under uncertainty, to ensure the range and chance of possible events and
outcomes is included in the evaluation, and
4.
Decide the optimal course of action, by considering the trade-offs involved between the possible
solutions, to ensure that all the stakeholders are aligned.
Decision analysis is both a decision quality and efficiency tool. Decision quality is driven by improving the number and
diversity of possible solutions to any problem, by improving our analysis of those solutions to better understand the drivers
and trade-offs, and by improving the alignment of all the stakeholders through a decision-focused dialogue. Decision
efficiency is driven through the structure of the process by significantly reducing the number of times the teams get caught
in recycle and/or in analysis paralysis.
Topics Include:
Using expert interviewing techniques to assess probability ranges and chance factors
Course Duration
08001700 hours
Course Instructor
Kent Burkholder is an advisor and consultant with extensive experience in strategy development, decision framing and
facilitation, and petroleum economics and risk analysis. For over twenty-five years, Burkholder has assisted oil and
gas companies around the globe in developing E&P strategies, from exploration, to production development, through
downstream, and into new technology. Burkholder is a professional engineer and member of the Society of Petroleum
Engineers.
REGISTRATION FORM
SPE Petroleum Economics: Improving the Bottom Line Value in a Challenging Global Market
2627 May 2015 | The Address Dubai Marina Hotel | Dubai, UAE
Important: Attendance is limited and is not guaranteed. Early registration is recommended. Please print or type in black ink.
Registration Fee MUST be paid in advance to attend the workshop.
Yes No
Email from SPE SPE Website Other Industry Website Brochure Received by Mail I am a Committee Member/Presenter
Employer An Exhibitor Others (please specify) ______________________________________________________________________________
Before 26 April 2015
WORKSHOP
Registration Fees
Workshop Only
SPE Member
Nonmember
SPE Member
Nonmember
USD 1,150
USD 1,350
USD 1,600
USD 1,800
Training Course Only (25 May) - Introduction to Decision Analysis: Using Decision
Framing and Probabilistic Analysis Techniques to Evaluate Complex Decision Problems
Training Course with Workshop
USD 750
USD 1,400
USD 900
USD 1,600
USD 2,100
USD 2,300
Workshop Fee includes: Technical sessions, daily coffee breaks and luncheons, certificate of Continuing Education Credits (CEU), welcome reception and dinner
(if applicable). Accommodation is NOT included in the workshop registration fee.
IMPORTANT: All SPE Middle East rates are net of taxes. The fees in this form do not include any local or withholding taxes. All such taxes will be added to the
invoice.
Yes
Yes
No
No
If yes, please indicate which subject you would like to present on: _______________________________________________________________________
Credit Card (Check One):
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Visa:
SPE Middle East, North Africa, and South Asia will assist in providing a visa invitation letter, upon request in writing, to confirmed registrants after receiving full payment of registration
fees. Visa invitation letters take five days to issue from the date of request and it is the course attendees responsibility to obtain their own visa. SPE cannot issue the visa nor can we
guarantee it will be obtained.
For questions or additional information contact: Regina Alphonso, event manager, at ralphonso@spe.org.
15ADU4
To submit your registration online, please visit the event website at: www.spe.org/events/15adu4
Alternatively, you can email this form to: formsdubai@spe.org, or fax it to: +971.4.457.3164.