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Challenge
Available
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data
Analysis

Today’s Challenges

Today’s Challenges Finding basins Prospecting Exploration Drilling Depletion Plan Facilities Plan Construction Project Operations Challenge 1

Finding basins Prospecting Exploration Drilling Depletion Plan Facilities Plan Construction Project Operations

Challenge 1 Challenge 2 Challenge 3 Challenge 4 Challenge 5 Challenge 6 Challenge 7

Today’s Challenges Finding basins Prospecting Exploration Drilling Depletion Plan Facilities Plan Construction Project Operations Challenge 1
Today’s Challenges Finding basins Prospecting Exploration Drilling Depletion Plan Facilities Plan Construction Project Operations Challenge 1
Today’s Challenges Finding basins Prospecting Exploration Drilling Depletion Plan Facilities Plan Construction Project Operations Challenge 1
Today’s Challenges Finding basins Prospecting Exploration Drilling Depletion Plan Facilities Plan Construction Project Operations Challenge 1
Today’s Challenges Finding basins Prospecting Exploration Drilling Depletion Plan Facilities Plan Construction Project Operations Challenge 1
Today’s Challenges Finding basins Prospecting Exploration Drilling Depletion Plan Facilities Plan Construction Project Operations Challenge 1
  • Environmental issues

  • Team work and negotiation

  • Critical decision making, analytical skills, multi-tasking

  • Learn through experience

  • Economically viable volumes- reducing uncertainty

  • Return on Investment

  • Function appreciation

  • You start with $700 million

 You start with $700 million You can apply for more money later.  Create value

You can apply for more money later.

  • Create value Measured by the net value of the oil and gas

fields discovered MINUS all costs involved.

  • Correct answers and sensible decisions are awarded with CPs

Complete Value Chain

Complete Value Chain Upstream
Complete Value Chain Upstream
Upstream
Upstream

Today’s Challenges

Finding basins Challenge 1
Finding basins
Challenge 1
Today’s Challenges Finding basins Challenge 1

Columns e.g C1, and C54,

Block Blocks are divided into smaller cells e g. R1C1 Rows e.g. R35 and R163,
Block
Blocks are
divided into
smaller cells
e g. R1C1
Rows e.g. R35 and R163,
  • Challenge: Find three sedimentary basins in the area. Basins are sedimentary rocks in the deep subsurface where oil and gas has been generated.

  • Procedure: Buy and study magnetic and gravimetric surveys; and to submit the coordinates, column and row number for each basin centre.

  • Gravimetric surveys show the gravity in the sub-surface. Measured by airborne sensors.

  • Sedimentary rocks have lower densities than the surrounding crystalline rocks. Low gravitational pull means high probability of a basin below.

  • Basins have a lower gravitational pull.

  • Crystalline rocks have higher gravitational pull

 Gravimetric survey: South-east quadrant
  • Gravimetric survey: South-east quadrant

  • Magnetic surveys show similar information as gravimetric surveys. The sedimentary rocks in

the basins have a lower concentration of magnetic materials than the surrounding crystalline rocks.

  • Sedimentary basins are the areas with the lowest magnetic field.

  • Basins have low magnetic field

  • Non-basins have high magnetic fields.



Magnetic

survey:

North-west

quadrant

C50 R100
C50
R100
C60 R110
C60
R110
  • Example:

Top basin on both

maps

  • Calculate the midpoint between the gravimetric and magnetic centres

found

  • = C55 and R105

 3 centres – one Centre midpoint for each basin  Example: C55, R105  Solve
  • 3 centres one Centre midpoint for each basin

 3 centres – one Centre midpoint for each basin  Example: C55, R105  Solve
  • Example: C55, R105

  • Solve before deadline. All submissions are evaluated after the deadline (and not before).

  • You may get 0-100 CPs. All three centres must be located to get full CPs.

Today’s Challenges

Today’s Challenges Prospecting Challenge 2
Prospecting Challenge 2
Prospecting
Challenge 2
Today’s Challenges Prospecting Challenge 2
  • All teams have submitted their answers.

Basin centres are located.

  • Message in Inbox. All teams have answers

and CPs awarded.

  • Sedimentary basins may contain oil and gas

  • The government has decided to put the blocks around one of the basins on offer

  • Challenge: Identify the 3 most promising blocks and

submit a bid to the

Government for these licences

 Sedimentary basins may contain oil and gas  The government has decided to put the
 Sedimentary basins may contain oil and gas  The government has decided to put the

2. MIGRATION ROCK

where hydrocarbons are driven through

2. MIGRATION ROCK where hydrocarbons are driven through 3. CAP ROCK Impermeable rock that stops migration
2. MIGRATION ROCK where hydrocarbons are driven through 3. CAP ROCK Impermeable rock that stops migration

4. PROSPECT

2. MIGRATION ROCK where hydrocarbons are driven through 3. CAP ROCK Impermeable rock that stops migration

3. CAP ROCK

Impermeable rock that stops

migration of

hydrocarbons

2. MIGRATION ROCK where hydrocarbons are driven through 3. CAP ROCK Impermeable rock that stops migration
2. MIGRATION ROCK where hydrocarbons are driven through 3. CAP ROCK Impermeable rock that stops migration

1. SOURCE ROCK

where organic material is put under

sufficient pressure

  • Geological “pockets”, that might contain hydrocarbons.

Anticline trap

 Geological “pockets” , that might contain hydrocarbons. Anticline trap Fault trap Stratigraphic trap (c) OLF

Fault trap

 Geological “pockets” , that might contain hydrocarbons. Anticline trap Fault trap Stratigraphic trap (c) OLF

Stratigraphic

trap

 Geological “pockets” , that might contain hydrocarbons. Anticline trap Fault trap Stratigraphic trap (c) OLF

(c) OLF

Salt dome trap

 Geological “pockets” , that might contain hydrocarbons. Anticline trap Fault trap Stratigraphic trap (c) OLF
Red areas You will not be awarded blocks that contain any red spots Blue areas Blocks

Red areas

You will not be awarded

blocks that contain any

red spots

Blue areas

Blocks in area may be awarded

CRS. Common Risk Segment surveys tell you about the probability of a structure in the block/cell containing oil

or gas

Surface

CRS. Common Risk Segment surveys tell you about the probability of a structure in the block/cell
CRS. Common Risk Segment surveys tell you about the probability of a structure in the block/cell
CRS. Common Risk Segment surveys tell you about the probability of a structure in the block/cell

Layer 3 Eocene

1500m below the seabed

Layer 2 Paleocene

2500m below the seabed

Layer 1 Cretaceous

3500m below the seabed

  • Traps can be found with seismic surveys

  • 2D seismic survey is a cross section of the geological layers along either a column or a row

  • 2D seismic surveys are used for locating prospects

 Traps can be found with seismic surveys  2D seismic survey is a cross section
Unprocessed Processed Interpreted Red is top of the sealing rock Green is top of the reservoir
Unprocessed
Processed
Interpreted
Red is top of the
sealing rock
Green is top of
the reservoir rock
Leakage Sealant rock
Leakage
Sealant rock

What type of data do you want?

  • Columns or Rows

  • Unprocessed or processed data

  • Interpreted or not

What type of data do you want?  Columns or Rows  Unprocessed or processed data

Only buy maximum of 4 blocks of data at a time to speed up processing

The yellow hatched area on map can be clicked on and

dragged to blocks of interest

  • Red circles navigate through the 2D seismic

  • Yellow square Row 1 from Column 1-56

 Red circles – navigate through the 2D seismic  Yellow square – Row 1 from
Row
Row
Row Column Basin,Source Prospect, Reservoir

Column

Basin,Source

Prospect, Reservoir

  • Three blocks

  • Three amounts

  • Min: $1M

  • Max: $30M

  • Awarded 1 block

  • Pay for 1 block

  • Highest bid wins

 Three blocks  Three amounts  Min: $1M  Max: $30M  Awarded 1 block
  • If equal, then team with highest CP wins

  • Environmental Sensitive Areas map to see

which blocks to avoid

  • Common Risk Segment surveys to see which blocks to examine closer

  • 2D surveys seismic to identify which ones have the most (big) structures

  • Check water depth, and go for shallow water blocks if possible

  • Remember to submit 3 bids

Today’s Challenges

Today’s Challenges Exploration Drilling Challenge 3
Exploration Drilling Challenge 3
Exploration Drilling
Challenge 3
Today’s Challenges Exploration Drilling Challenge 3
  • Message sent to all teams with the results

  • Credibility Points are

given for prosperity of the blocks you bid for

  • Every team has got

one exploration license

 Message sent to all teams with the results  Credibility Points are given for prosperity
  • HQ is happy with the license awarded.

  • Challenge: Farm-out minimum 20% from your license and farm-in as much as you can in other good licenses.

  • Acquire 3D Seismic interpretations for the block you operate, and study the results from the licensing round

  • Get others to invest 20% or more in your license you can show/send 3D seismic

  • Shows the subsurface structure in a cube.

 Shows the subsurface structure in a cube.

Layer 3 Eocene

Layer 2 Paleocene

Layer 1 Cretaceous

Layer 3 Eocene Layer 2 Paleocene Layer 1 Cretaceous
  • Spread the risk: e.g Investing in other blocks divides the risks amongst all partners, much more preferable than keeping 100% of one

field and all the risk.

  • Increase probability of profit: investment in only 1 field which could be a dry prospect is possible, whereas the likelihood of investing in 5 fields which are all dry is unlikely.

 Enter the percentage and total amount for have agreed to offer  Minimum $100,000 per

Enter the percentage and

total amount for have agreed to offer Minimum $100,000 per %

Add a message to the seller

Press “Send offer”

When a team receives a Farm-In offer to appears under Financing. This is where a team

When a team receives a Farm-In offer to appears under Financing. This is where a team can receive finance or money for a % of their own blocks

 license OWNER decides whether to ACCEPT or REJECT the offer  Partnerships established every time
  • license OWNER decides whether to

ACCEPT or REJECT the

offer

  • Partnerships established every time a license owner accepts an offer.

  • Overview: On the main page, you can see all licenses. 1) licenses

you operate, 2) licenses you have invested in, and other

All your farm-in offers to other teams are shown under “Investing” on the right-hand side of

All your farm-in offers to other teams are shown under “Investing” on the right-hand side of the homepage . This is where a team offers investments to other teams for a % of their blocks

  • Partners pay a proportional share of all future

costs

  • Partners receive a proportional share of the net proceeds from oil and gas

  • The operator team makes all decisions regarding drilling

  • Teams can farm-out up to 70% of licence

  • Operators must keep 30% of licence

Before choosing a rig, you need to check your water

depth

Find this at the bottom of the

BLOCK page

• Before choosing a rig, you need to check your water depth Find this at the
  • Choose the right rigs for your water depths

    • Jack-up rigs for shallow waters

 Choose the right rigs for your water depths  Jack-up rigs for shallow waters 
  • Semi-submersible rigs for middle waters

  • Drillships for the deepest waters

 Choose the right rigs for your water depths  Jack-up rigs for shallow waters 
 Choose the right rigs for your water depths  Jack-up rigs for shallow waters 
  • Rig cost = drilling days * day rate

Upto 9 Star quality-

  • Good: normally costs more

  • Bad: cheaper,

but reliability is low, so you risk extra drilling time

and extra costs

Upto 9 Star quality-  Good : normally costs more  Bad : cheaper, but reliability
  • EIA survey: more knowledge about the area.

  • Less probability for drilling problems.

  • Less severe consequences if you run into problems.

  • = Which drilling locations to avoid.

  • EIA:

enviromental

impact analysis shows where it will cost you

more to drill.

  • Place your mouse where

to drill

 EIA: enviromental impact analysis shows where it will cost you more to drill.  Place

Layer 3 Eocene

Layer 2 Paleocene

Layer 1 Cretaceous

Layer 3 Eocene Layer 2 Paleocene Layer 1 Cretaceous

Oil spill or

Gas Blowout

control Estimated cost
control
Estimated
cost
Oil spill or Gas Blowout control Estimated cost
 Volume Range in MBOE counts  Test may increase Proven MBOE if oil or gas
  • Volume Range in MBOE counts

 Volume Range in MBOE counts  Test may increase Proven MBOE if oil or gas
  • Test may increase Proven MBOE if oil or gas found

  • From Probable volume to proven reserves

 From Probable volume to proven reserves

Exploration well:

  • 0 to 1572 MBOE (after drilling)

  • 11 to 1266 MBOE (after testing)

First appraisal well:

  • 25 to 1033 MBOE (after drilling)

  • 34 to 910 MBOE (after testing)

Second appraisal well:

  • 65 to 850 MBOE (after drilling)

  • 101 to 752 MBOE (after testing)

Only proven MBOE counts

  • After your first drill in each well, reprocess seismic

  • Decide which discoveries to drill how many

appraisal wells into

Ultimately, you should either:

  • Get a positive net present value,

  • Or a conclusion that additional appraisal wells will not result in a net present value

  • Click on Apply for More Funds Tab.

  • 1 CP for each $100,000 applied for.

  • Answer the questions: All correct gives cash and you can keep CPs. One wrong gives cash and you keep ½ of your CPs. Two wrong gives ½ cash and you lose all CPs. All wrong, you get no cash and lose all CPs.

  • Expensive money if less than 10 Credit points:

Apply for cash and be fined $5million for each

$20million requested.

Depletion Plan Challenge 4
Depletion Plan Challenge 4
Depletion Plan
Challenge 4
Depletion Plan Challenge 4
 Make a well plan for each reservoir in your block, choosing:  Number of production
  • Make a well plan for each reservoir in your block,

choosing:

  • Number of production wells

  • Tubing size

  • Aiming to choose a plan that maximises value of block

    • Increased sales value

    • Decreased drilling costs

 Make a well plan for each reservoir in your block, choosing:  Number of production
Expected Production Profile Click the Surveys tab Nodal analysis

Expected Production Profile

Click the Surveys tab

Nodal analysis

  • Read the maximum well flow rate

  • Most suitable Tube size

 Read the maximum well flow rate  Most suitable Tube size Most suitable tube Highest
 Read the maximum well flow rate  Most suitable Tube size Most suitable tube Highest

Most

suitable

tube

Highest

well flow

rate

1. Click the Reservoir tab 2. Click the magnifying glass for the reservoir 3. Study the

1. Click the Reservoir tab

2. Click the magnifying glass for the reservoir

3. Study the data for

the reservoir

1. Click the Reservoir tab 2. Click the magnifying glass for the reservoir 3. Study the
  • Click on Drilling Rig

 Click on Drilling Rig
 Click on Drilling Rig
  • 1. Submit plans with different number of wells and tubing sizes

  • 1. Review Reservoir information after each revised plan

  • 2. Aiming to maximize sales value and minimize drilling costs, whilst increasing Recovery Factor

  • 3. You can amend your well plans until the deadline

  • 4. Credibility points upto 100 kp if plans are optimal for all your reservoirs

  • 5. After deadline Value of Licence will be adjusted based on final Well Plan submitted

Facilities Plan Challenge 5
Facilities Plan Challenge 5
Facilities Plan
Challenge 5
Facilities Plan Challenge 5
  • Plan the facilities to produce the oil and gas that has been found in

the block

  • Maximize the value of the license block

    • Maintain sales value

    • Decrease facilities costs

    • Reduce risk

 Plan the facilities to produce the oil and gas that has been found in the
Waveheights Hurricanes
Waveheights
Hurricanes
  • Environmental surveys

Earthquake survey legend
Earthquake survey
legend
  • Value Shown = income less expenses

  • Discount factors: 0%-20%

0% 5% 20% 16,000 16,000 16,000 14,000 14,000 14,000 12,000 12,000 12,000 10,000 10,000 10,000 8,000
0%
5%
20%
16,000
16,000
16,000
14,000
14,000
14,000
12,000
12,000
12,000
10,000
10,000
10,000
8,000
8,000
8,000
6,000
6,000
6,000
4,000
4,000
4,000
2,000
2,000
2,000
-
-
-
1
3
5
7
9
11
13
15
17
19
21
23
25
1
3
5
7
9
11
13
15
17
19
21
23
25
1
3
5
7
9
11
13
15
17
19
21
23
25
189M
118M
48M
1. Click the Reservoir tab 2. Click the magnifying glass for the reservoir 3. Average seabed

1. Click the Reservoir tab

2. Click the magnifying

glass for the reservoir

3. Average seabed depth visible here

  • Determine maximum production volumes of

values of oil, gas and water

(In gas fields it is gas, condensate and water)

 Determine maximum production volumes of values of oil, gas and water (In gas fields it
 Estimated no. of barrels can be transported per day Different flowline (riser) and pipeline sizes
  • Estimated no. of barrels can be transported per day Different flowline (riser) and pipeline sizes = Different no. of barrels

  • Flowline size :

    • Multiphase fluid from seabed to platform (acting as flowline and riser)

  • Pipeline size :

    • Oil and condensate to storage tanks

    • Gas to processing plant

  • Connect pipelines to Gas terminal and an Oil

terminal

 Connect pipelines to Gas terminal and an Oil terminal
Construction Project Challenge 6
Construction Project Challenge 6
Construction Project
Challenge 6
Construction Project Challenge 6
  • Plan the construction of facilities required to

operate your platform

  • Submit a financial summary of the plan

  • Execute construction plan

  • Minimize capital expenses

  • Amend construction plan as issues occur

  • Get to FIRST oil!

Where a solid line exists, the task below the line must be completed before Choose only

Where a solid line

exists, the task below the line must be completed

before

Where a solid line exists, the task below the line must be completed before Choose only

Choose only 1

activity where a Dotted line

Where a solid line exists, the task below the line must be completed before Choose only

starting the task above the line

Considerations:  Reach First Oil within 21 periods of 90 days – TOTAL 1890 days 

Considerations:

  • Reach First Oil

within 21 periods of 90 days TOTAL 1890 days

  • Time V. Cost

  • Local Content

Progress of activity Activity completed Activity delay – still ongoing Issue with activity
Progress of activity Activity completed Activity delay – still ongoing Issue with activity

Progress of activity

Activity

completed

Activity delay still ongoing

Progress of activity Activity completed Activity delay – still ongoing Issue with activity
Progress of activity Activity completed Activity delay – still ongoing Issue with activity

Issue with activity

PART A

  • Activity Hierarchy Survey study activity dependencies

  • Vendor report - compare providers/local content

  • Prepare construction plan

  • Submit Planning Summary

PART B

  • Execute Plan - as many activities as possible within each period; provider for each activity

  • CheckTimeline chart to see progress

  • Reassess/alter providers as issues occur

Operations Challenge 7
Operations Challenge 7
Operations
Challenge 7
  • Financial consequences of your decision?

  • Other major drivers of decision

  • Did country strategy play a role?

  • Above-ground risks?

  • Changeable market conditions?

  • Impact on commercial contracts?

  • Operating agreements affected?

  • Other information to consider?