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Review Challenge
Available
Decision
data
Analysis
Today’s Challenges
Challenge 1 Finding basins
Challenge 2 Prospecting
Challenge 3 Exploration Drilling
Challenge 4 Depletion Plan
Challenge 5 Facilities Plan
Challenge 6 Construction Project
Challenge 7 Operations
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 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
Upstream
Today’s Challenges
Challenge 1 Finding basins
Challenge 2 Prospecting
Challenge 3 Exploration Drilling
Challenge 4 Drainage Plan
Challenge 5 Facilities Plan
Challenge 6 Construction Project
Challenge 7 Operations
Columns e.g C1, and C54,
Blocks are
divided into
smaller cells
e g. R1C1
Challenge: Find three sedimentary basins in
the area. Basins are sedimentary rocks in the
deep subsurface where oil and gas has been
generated.
3. CAP ROCK
1. SOURCE ROCK Impermeable
where organic rock that stops
material is put under migration of
sufficient pressure hydrocarbons 4. PROSPECT
Geological “pockets”, that might contain hydrocarbons.
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
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
Unprocessed Processed
Green is top of
the reservoir rock
Leakage
Sealant rock
What type of data
do you want?
Columns or
Rows
Unprocessed or
processed data
Interpreted or
not
Row
Min: $1M
Max: $30M
Awarded 1 block
Pay for 1 block
Highest bid wins
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
Challenge 1 Finding basins
Challenge 2 Prospecting
Challenge 3 Exploration Drilling
Challenge 4 Depletion Plan
Challenge 5 Facilities Plan
Challenge 6 Construction Project
Challenge 7 Operations
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
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.
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 %
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 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
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
licenses.
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
Choose the right rigs for your water depths
Jack-up rigs for shallow waters
Place your
mouse where
to drill
Layer 3 Eocene
Layer 2 Paleocene
Layer 1 Cretaceous
Oil spill or
Gas Blowout
control
Estimated
cost
Volume Range
in MBOE counts
Test may
increase Proven
MBOE if oil or
gas found
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
Nodal analysis
Highest
well flow
rate
1. Click the Reservoir tab
Hurricanes
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 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
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
Challenge 1 Finding basins
Challenge 2 Prospecting
Challenge 3 Exploration Drilling
Challenge 4 Depletion Plan
Challenge 5 Facilities Plan
Challenge 6 Construction Project
Challenge 7 Operations
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
Choose only 1 task below
activity – where a the line must
Dotted line be completed
before
starting the
task above
the line
Considerations:
Reach First Oil
within 21 periods
of 90 days –
TOTAL 1890 days
Time V. Cost
Local Content
Activity
completed
Activity delay –
still ongoing
Issue with
activity
Progress of 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
Check Timeline chart to see progress
Reassess/alter providers as issues occur
Challenge 1 Finding basins
Challenge 2 Prospecting
Challenge 3 Exploration Drilling
Challenge 4 Depletion Plan
Challenge 5 Facilities Plan
Challenge 6 Construction Project
Challenge 7 Operations
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?