F01 - FIELD TRIP TO THE SPANISH PYRENEES

In the oil & energy sector decision problems are evaluated through close collaboration between different disciplines - ranging from geology and geophysics, to reservoir, drilling, facilities and economics. A common understanding of the geological basis is required before proceeding with any type of evaluation, and a project team must, as a starting point, be able to comprehend the unique challenges different geological environments may represent.

This field trip is organised to emulate a real life multi-disciplinary work setting where we have specific focus on establishing the basis for a field development plan by understanding the characteristics of different depositional environments and evaluating the uncertainties related to geological interpretation and modeling. The results from the detailed work performed by each discipline are combined – with the purpose of providing a structured evaluation and recommendation to decision makers. The field trip is highly relevant for all professional disciplines involved in the evaluation of oil and gas projects. The aim is to learn to ask the right questions, and to be able to answer most of them.

We bring participants to the Ainsa basin in the Spanish Pyrenees where we observe geological structures and formations similar to those of the world’s largest hydrocarbon producing regions. We spend significant time out in the field to explore different analogues and to discuss aspects that will have impact on the technical and economic evaluation of a field development case.

Upon Request
5-day field trip
Field excursions, lectures, case evaluation, group work

DAY 1 

  • Own flight arrangements
  • Arrival Barcelona airport
  • Private coach to Ainsa
  • Welcome dinner
  • Course introduction

DAY 2

  • Theory session in hotel
  • Field excursion
  • Basin development
  • Deep marine deposits
  • Introduction to case work
  • Dinner in old town

 

DAY 3

  • Theory session in hotel
  • Field excursion
  • Shallow marine deposits
  • Group work in the field
  • Group work in hotel
  • Dinner in old town

 

DAY 4 

  • Theory session in hotel
  • Field excursion
  • Fluvial deposits
  • Group work in the field
  • Group work in hotel
  • Dinner in old town

 

DAY 5

  • Depart hotel
  • Private coach to Barcelona airport
  • Own flight arrangements

 

Learn how to

Participate pro-actively in the evaluation of complex reservoirs to ensure best possible decision modelling. Extract critical geological information and understand its implication for volume estimation, producability, drainage strategy, drilling strategy, development concept and value. 

Target group

The course is designed for all professional disciplines involved in technical and economic evaluation of oil and gas projects within exploration, early phase or project development. The best take away is achieved when participants cover the disciplines of geology, reservoir, drilling, facility and economics.

Background

A basic understanding of decision analysis methodology and practice is necessary, and it is recommended to complete S01 – Decision analysis introductory course before this field trip.

INSTRUCTORS

SOCIAL

We believe that great learning is also associated with great food in a pleasant environment. Ainsa offers a number of charming restaurants and splendid tasting menus providing a varied culinary experience.

PAYMENT OPTIONS

Student
NOK 7.500*

5-day field trip

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Business
NOK 23.500*

5+ participants

5-day field trip

20% discount

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Single person
NOK 29.500*

1-4 participants

5-day field trip

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*Includes pick-up at Barcelona international airport, transport to Ainsa by private coach, accommodation at Hotel Apolo in single rooms, transport to all geo-sites with private coach, full-board including juice/coffee/softdrinks/beer/wine to each meal as suitable (breakfast at hotel, lunch at hotel/in the field, dinners at hotel and local restaurants) and transport back to Barcelona international airport by private coach. Note: Flight tickets to/from Barcelona is not included and must be arranged by each attendee according to program schedule. Please contact us for more information.

 

ENROLMENT

This course is arranged upon request. Get in touch for more details.

PRACTICAL INFORMATION

Ainsa is a small town with around 2,000 inhabitants located in the province of Huesca in the autonomous region of Aragon. The town itself is picturesque and well worth a visit. It is well-known for its medieval history and architecture, and it has a number of charming restaurants and cafes. The well preserved castle is located in the old town at the foot of the main square, which has been deemed one of the prettiest in Spain. Ainsa is located amongst several areas of natural beauty including the National Park of Ordesa, the Monte Perdido (Lost Mountain), the Benasque Valley and the Natural Park of la Sierra.

The fieldtrip will commence at Barcelona International Airport on Monday and end at Barcelona International Airport on Friday. Following arrival at the airport, participants will be transported by bus to/from Ainsa in the central Pyrenees. Driving time from Barcelona to Ainsa is approximately 3 hours.

 

OUR OTHER COURSES

General courses

S01 – Combine experience, intuition and analysis

S01 – Combine experience, intuition and analysis

6. October 2015

2-day course: Learn the fundamentals of decision analysis. How to structure different types of decision problems. Identify key aspects, main value drivers and relevant risks. Optimise sequences of decisions and possible outcomes. Evaluate costs and benefits of data gathering programs. Identify real options, non-linearities and strategic values. Present and communicate decision alternatives. … Read More

SC01 – Framing and problem structuring

SC01 – Framing and problem structuring

6. October 2015

1-day course: Learn different framing and problem structuring techniques to increase the likelihood of capturing what is important early on, align team members and maximise value creation. Learn how to identify key decisions and relevant risks and uncertainties as early as possible. Present and communicate decision alternatives, main value drivers, risks and recommendations. … Read More

SC02 – Decision modelling for insight

SC02 – Decision modelling for insight

6. October 2015

1-day course: Learn how to build decision models to increase the likelihood of capturing what is important early on. Construct models to reflect the problem structure for various decision problems. Course participants are guided through the process of building a simple decision model using Excel by Microsoft and @Risk by Palisade*. The model is used in team exercises to illustrate the value of proper modelling, insightful result plots and best practice workflows. … Read More

SC03 – Evaluating real options

SC03 – Evaluating real options

6. October 2015

1-day course: Learn how to use a structured approach to identify real options in different types of projects. Incorporate the real options into the initial problem structure and estimate the value of the options. Weigh the cost of incorporating flexibility into the project against the probability and value potential of capturing upside. … Read More

SC04 – Decision analysis for managers

SC04 – Decision analysis for managers

7. October 2015

1-day course: Learn how to interpret and gain insight from decision modelling results, establish best-practice workflows, use different types of economic indicators, distinguish between relevant and irrelevant project risks and optimise projects and portfolios under capital constraints. Examples are used to illustrate how high quality decisions derive from the right combination of thought, collaboration, computation and communication. … Read More

SC05 – Evaluating new technologies

SC05 – Evaluating new technologies

5. October 2015

1-day course: Learn how to utilise technology readiness levels, technology novelty categories and decision/governance processes to evaluate and compare relevant technologies. Calculate key technology risks and incorporate them into the problem structure. Communicate main value drivers for the technology options as well as for the project as a whole and compare competing alternatives in a consistent way. Learn to differentiate between enabler and enhancer technologies and value potential on project and portfolio level. … Read More

Oil & energy courses

F01 – Multi-disciplinary field trip

F01 – Multi-disciplinary field trip

9. January 2016

5-day field trip: Learn how to extract critical geological information and understand its implication for volume estimation, producability, drainage strategy, drilling strategy, development concept and value. Identify key value drivers and contribute to constructive multi-disciplinary discussions at the intersection between geo-modelling and project modelling using decision models and decision analysis methodology. … Read More

E01 – Exploration and appraisal projects

E01 – Exploration and appraisal projects

10. October 2015

1-day course: Learn how to estimate the economic value of a prospect based on an optimised sequence of decisions and possible outcomes. Adapt a fit for purpose approach given the incomplete data availability and the fact that many of the assumptions made are often conceptual and based on analogues. Estimate geological and commercial risks and evaluate the costs and benefits of appraisal and other data gathering programs. … Read More

E02 – Early phase projects

E02 – Early phase projects

10. October 2015

1-day course: Learn how to bring a discovery from appraisal to concept selection and development. Learn how all elements from reservoir to market can be included in the analysis and how different appraisal programs, development alternatives and drainage strategies can be compared. Present and communicate decision alternatives, main value drivers, risks and recommendations. … Read More