Integration of Geomodelling, Flow Simulation and Economics in Field Development (RES 423)
Integration of Geomodelling, Flow Simulation and Economics in Field Development (RES 423)
COURSE SCHEDULE
| Code | Date | Location | price (€)* |
|---|---|---|---|
| RES 423 | 11 - 15 May 2026 | Online | 3300 |
| RES 423 | 3 -7 Aug 2026 | Online | 3300 |
| RES 423 | 12 - 16 Jan 2026 | London | 4400 |
| RES 423 | 6– 10 Jul 2026 | Stavanger | 4400 |
COURSE OVERVIEW
This course is structured as a highly practical program, with approximately 90% of the time dedicated to hands-on work. Participants will apply in detail the concepts learned in “Geomodelling, Flow Simulation, Economics & Uncertainty in Field Development Planning” by constructing, from scratch, both static and dynamic models of an offshore field containing multiple reservoirs—some with undersaturated oil and others with gas caps. Using the static models they build, participants will calculate hydrocarbons in place, including oil, associated gas, and free gas. The course then progresses to the dynamic phase, where participants simulate reservoir flow behavior across the different reservoirs.
Based on identified drive mechanisms, participants will evaluate and compare various development scenarios, including vertical versus horizontal wells, producer and injector placement strategies, oil evacuation options (pipeline versus FPSO), and alternative gas handling solutions. The objective is to integrate technical modeling with development decision-making to identify optimal field development strategies.
COURSE OUTLINE
5 days
Day 1
o Review Field Data Supplied
o Prepare Workflow Schedule
Day 2
o Complete Static Model
o Facies Modeling
o NTG & Porosity Modelling
o Porosity & Permeability Law
o Kh & Kv Modelling
o Sw Modelling
o Resource Estimates (Oil, Ass. & Free Gas)
Day 3
o Move to Dynamic Modeling
o Initiate Model
o Field Development Planning
o Vert. vs. Hor. Well Scenarios
o Number of Wells (producers/ Injectors)
o Optimal Well Placement
o Gas Handling Scenario
o Production Profiles
o Recoverable Resources (Oil, Ass. & Free Gas)
o Compare to Static Model
Day 4
o Finalise FDP
o Finalise Production Curves
o Run Economics
o Oil price model & Income
o CAPEX/ OPEX/ ABBEX
o Royalties & Taxes
o Cashflow Modelling/ Simulation
o Economic Metrics & Benchmarking
Day 5
o Complete Economics
o Complete Presentation
o Present Results, conclusions & Recommendation
INSTRUCTOR
Jean-Marie Questiaux
Jean-Marie Questiaux has over 40 years of experience in the oil and gas industry, covering both onshore and offshore exploration and production. He specializes in the integration of geomodelling and reservoir engineering, field development, project economics, and technical and economic risk evaluation. His former positions include Exploration Manager in Libya and Angola (PetroFina), Exploration Manager in Bolivia (Total), and Subsurface Technical Director in Nigeria (Addax). He has also served as a Teaching Fellow at the Institute of Petroleum Engineering, Heriot-Watt University. JInstructor specializes in integrated studies associated with both greenfield and brownfield developments, bringing together geoscience (G&G), petrophysics, reservoir engineering, and production technology, along with resource estimation and project economics. He is an expert in subsurface project setup, management, review, and sanctioning, as well as corporate strategy, short- and medium-term business planning (production and reserves), and the development of Integrated Technical Work Programs (ITWP).
FAQ
DESIGNED FOR
The course is designed for Petroleum Engineers, Drilling Engineers, Geologists, Petrophysicists, Geo-modelers and Reservoir Engineers.
COURSE LEVEL
o Intermediate to Advance
LEARNING OBJECTIVES
Participants will learn:
o Construct a static and dynamic model that they can flow and use to design a Field development Plan
o Fluid contacts, transition intervals, drive mechanisms and their impact on the number of well and their placements (Producers and Injectors). Flow Performance and Productivity.
o Various scenarios and test them in a flow simulation
o Familiarize with Flow simulation outputs and what they mean
o Determine Resources in Place and Recoverable and their range
o Finalize the FDP: Platforms (size and number) Number of wells (Producers/ Injectors) Types of wells (Vertical versus Horizontal); Oil evacuation (Pipeline/ FPSO). Gas handling (Flare/ Re-inject/ Export) etc.
o Assess all Costs (CAPEX/ OPEX/ ABEX). Asses Income, Royalties & Taxes
o Run a cashflow simulation and determine key Economic metrics (NPV/ IRR etc.)
o Assess technical and economic merit/ risks of this Field Development and rank them.
o Defend merits of their proposed Field Development Plan before Peers
REGISTER
Registration is now OPEN!
Ph.D. students, group and early bird registrants are eligible to DISCOUNT!
For more details and registration please send email to: register@petro-teach.com
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