Drilling Engineering - Advanced

Deepwater Well Project and Risk Management - DR-TC3-NXT17530

Course Description
The key objectives for this course are to highlight the critical project and risk management issues involved in a deepwater well project to achieve the project mission: delivering value
safely, responsibly and efficiently.
At the end of the course, participants will understand the key issues and principles in deepwater project management, they will develop an understanding of the challenges, choices, and
compromises necessary to drill deepwater wells.
They will be able to apply these principles in practice as members of a project team to optimize the management of the well project, and to identify and manage risks to maximize value.
Following the deepwater well project management process from prospect evaluation through operations and close out, participants will develop key skills needed to drill wells in a
deepwater environment.

Audience
Wells Managers
Wells Team Leaders
Drilling managers,
Well Operations superintendents,
Senior well engineers, Well Engineers
Wellsite leaders and supervisors involved in deepwater well projects.
This course is also suitable for general managers, asset managers, project managers, and others involved in the planning and management of deepwater well projects.

Prerequisites
Deepwater well project management requires an understanding of differences between conventional well projects and deepwater well projects. Participants should be understand
conventional well design, well construction operations, and support functions in order to grasp the concepts and challenges faced in the deepwater environment.
The deepwater drilling design and operations seminar is recommended as a prerequisite for those with drilling focus, and the deepwater completions seminar is recommended as a
prerequisite for those with a comppletions focus. Participants in a Wells Manager, Wells Team Leader, Superintendent, Wellsite Leader, or other roles with an overall focus on well projects
would benefit from both of these courses.

Course Schedule
1 Deepwater Well Project and Risk Management Principles
Deepwater challenges: how the deepwater setting offers challenges different from wells onshore or in shallow water.
Project Management Principles
The Stage Gate Process: how this is used to create value through choice, make the right decisions at the right time, optimize resources, and ensure that the outcome
achieves the mission.
Cost vs value: ensures that the differences between price, cost, and value are understood
Management systems: how standards are set, changes are managed, compliance is assured, and learning takes place
Team selection: how to ensure that the team is competent, and that key stakeholders are identified and interfaces managed
Risk management principles; hazards, risk, risk management
2 Project Management
The project plan: clarity on mission, objectives, and value
Time and cost estimation: understanding and reflecting uncertainty in realistic estimates
Management of Change: the challenge of ensuring value – decisions not decision trees
Contracting: selecting the right contracting approach for different services and materials
Supply chain, logistics, and operations base: getting materials and services to the well at the right time cost-effectively
Financial management: funding and accounting
Management review: how to ensure that audits and management interface assures safe and responsible delivery of the project mission
3 Tracking Progress, Well Planning, and Operations
Well PM software and Key Performance Indicators (KPIs): monitoring the project using value-focussed KPIs; discussion of PM software, management reports,
continuous improvement, benchmarking, technical limit, and KPIs
Task progress and phase close out: ensuring early identification of potential differences in outturn time or cost to permit value-based decisions
Well planning - Pre-drill data requirements: the site survey and shallow hazard analysis, and how this sets the stage for success
Rig selection: on the basis of hull type, station-keeping, generation, market, crew competence, and management system
Riser and conductor design, shallow hazards: well construction in the top hole sections
Casing programme and the mud density window: how the deepwater setting affects well design and how this is managed
4 Operations Management and Risk Management in Action
Contingency plans: ensuring that these are complete and meaningful
Emergency response: how this fourth element of process safety is assured.
Operations management: applying decision-making, technical limit, communications, in the Execute Stage of the project.
Applying risk management tools: how a variety of tools are used to manage risk throughout the project
Macondo review: what should we be learning from Macondo? Analysis and key factors for focus
5 Project Success Factors in Deepwater Wells
Project success factors: sources of value, development skills, key factors in successful projects
Human factors in well projects: understanding how human factors are key in both driving success in the project, and in managing risk, in planning, execution, and
learning:
Situational awareness,
Decision-making
Competence
“Taking the time to do it right”
Managing change
Communications
Final exercise: creating a springboard for continued application of project & risk management principles in future projects.

Duration: 5 Days Instructors*: Mr. Alan Hippman, Mr. David Marshall

Course / Project Provider: NExT

* Instructors may vary based on location and schedule.