Training Program for Oil & Gas Fields Development Projects

Introduction:

The work assignments in the oil and gas industry are characterized by a challenging project environment, requiring management skills of a special nature. The proposed oil and gas field development plan and project training course is designed to meet the needs of professionals across the industry, from selecting a project to leading its management. Participants will practice real-life industry situations.

Each aspect follows a typical deployment of a current offshore project from beginning to end, equipping participants with the skills required to effectively execute and deliver projects. It examines the business development and commercial departments' decision-making processes, the front-end engineering design phase, and the planning and execution phases.

Working towards meeting the course objectives, this program combines proven project management principles that are practical and action-oriented. Considering the necessary tasks and likely constraints throughout the process, the course seeks to create opportunities for positive project results and benefit realization.

Objectives:

At the end of this oil and gas field development plan and project course, learners will have the skills to:

• Understand how the project scope, implementation time, needed resources, and cost budgeting are considered when developing a project management plan.
• Identify the target user, determine their needs, and systematically incorporate those needs into the project.
• Recognize potential risks and act proactively to counter those risks within the available options.
• Construct project network diagrams for CPM and advanced PERT calculations to assess schedule and cost risks.
• Develop a recovery plan for the budget and schedule if necessary.
• Write concise and quality status reports without omitting important operational details.
• Use EVM systems to analyze, predict, and manage project performance.

Training Methodology:

• Case studies
• Group interactions
• Project simulations
• Role-playing scenarios
• Problem-solving workshops
• Interactive Q&A sessions
• Real-world project analysis

Course Outline:

Unit 1: Concepts of Project Management & Project Approval Intricacies in the Oil & Gas Industry:

• Differences between projects and programs
• Life cycle and stage gates of project management
• Project sanction and approval process (PSAP) in the oil and gas sector
• Strategic business case of a project
• Project identification and accountability
• Evaluation of sequential explanatory designs in the exploratory phase

Unit 2: Project Context for Oil & Gas Projects:

• Investigation of the macro-environment related to project choice
• Project stakeholders’ identification and impact analysis
• Interface with regulatory frameworks, institutional factors, and infrastructure review
• Non-controlling decision-makers in project feasibility
• Distribution of project preparation and planning responsibilities

Unit 3: Project Financial Modelling and Project Leadership Skills:

• Structuring project financing transactions
• Oil and gas project financing/credit risk considerations
• Time and money concepts in project financing
• Yields and rate of return – Discounted Cash Flow (DCF) analysis
• Executive leadership approach for enhancing project performance and profitability
• Project organization in a typical oil and gas project
• Special features of the project manager role

Unit 4: Identifying Reasons for Project Failures & Preparing for Successful Delivery and Integration:

• Causes of project failure
• Knowledge of project successes and contributing factors
• Creation of project charter
• Success factors and KPIs of a sample oil and gas project
• Collecting project requirements
• Team approach and communication in oil and gas projects

Unit 5: Developing Project Stakeholder Relationships & Enhancing Project Communication:

• Engaging key project stakeholders
• Designing and setting up project dashboards
• Problem-solving and decision-making with the project board
• Awareness of project recovery needs
• Decision control and management of oil and gas field projects

Unit 6: Preparing for Project Delivery:

• Stakeholder identification and their influence on the project
• Contemplating the consequences of vague expectations
• Identifying project success factors and requirements
• Scope creation using product and work breakdown structures
• Project costing methods

Unit 7: Project Planning - Scheduling, Costing, and Resource Requirements:

• Network diagram creation and precedence diagram construction
• Gantt chart preparation for project scheduling and baseline
• Project cost baseline derivation
• Various contract types and risk distribution
• Managing projects with limited resources and schedule reduction strategies

Unit 8: Managing Risks and Resources:

• Risk management models and processes
• Evaluating uncertainties in oil and gas projects
• Qualitative and quantitative analysis techniques
• Developing effective risk response strategies
• Leadership models and team motivation in oil and gas projects

Unit 9: Handling Changes in Projects & Maintaining Standards:

• Change management processes
• Earned Value Management (EVM) for project status updates
• Dynamic scenario management and critical chain method applications
• Quality management and defect management tools in oil and gas projects

Unit 10: Concentrating on Project Delivery and Project Closure:

• Operational aspects of project delivery initiation
• Cost and schedule recovery in oil and gas environments
• Late recovery assessment and project closure
• Project handover process and importance of lessons learned