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Students Run Mock Energy Exploration and Production Companies During BP Energy Play

From McCombs TODAY
May 6, 2010

Interdisciplinary students tackled real-world oil exploration and production challenges during the BP Energy Play.
Interdisciplinary students tackled real-world oil exploration and production challenges during the BP Energy Play.

Interdisciplinary teams of business, engineering, and geosciences students from The University of Texas at Austin participated in an inaugural specialized training course, known as BP Energy Play, last weekend.

The 47 student participants first attended talks by a training consultant who was specially flown in from the United Kingdom by BP to instruct the students. The participants were then split into teams, each which ran its own mock exploration and production company, utilizing BP’s proprietary software for the simulation. The teams then competed by trying to maximize the profits of their own firms over a ten year time span, while staying within constraints imposed by their board of directors.

The course itself was developed by BP, and most of the company’s technical and business leaders have participated at some time during their careers. Though it’s normally a five day course, it was condensed to just one day for each of the two groups of students.

The nature of the challenges presented during the simulation allowed students to engage in a deeply interdisciplinary way, student participants say.

“I really enjoyed the event,” said Elaine Hsu, BBA ’10. “It brought together not only business and engineering students in a cross-disciplinary way, but also people within in the business school itself who are in different fields. With some of the inventory challenges we faced, my supply chain management background was helpful to my team, for example.”

"By combining people from different disciplines, the BP Energy Play demonstrates that the synthesis of technical knowledge to business decisions drives success,” explained Jeremy Roussel, B.S. Engineering, ‘11. “As a Petroleum Engineering student, my knowledge of hydrocarbon production profiles helped our team by demonstrating at what point operating expenses began to overtake profits in a field.”

Congratulations to all the student participants and winners.

Friday's 1st-place team included: Christy Treat, BBA '10; Adam Reeder, Petroleum Engineering; Ian Warren, BBA ‘10; Bobby Reece, Geophysics; and Darshit (Dave) Modi, BBA ‘10
Friday's 1st-place team included: Christy Treat, BBA '10; Adam Reeder, Petroleum Engineering; Ian Warren, BBA ‘10; Bobby Reece, Geophysics; and Darshit (Dave) Modi, BBA ‘10

Winning Teams:

Friday, April 23, 2010

1st Place Team: Awesome
Ian Warren, BBA ‘10
Christy Treat, BBA ‘10
Darshit (Dave) Modi, BBA ‘10
Bobby Reece, Geophysics
Adam Reeder, Petroleum Engineering

2nd Place Team: Cinco Dev Inc.
Ramiz Prasla, BBA ‘10
Dolores van der Kolk, Geology
Carson Rabb, Petroleum Engineering
Suhrid Mantravadi, Petroleum Engineering
Sarika Ramnarine, Energy & Earth Resources

Saturday, April 24, 2010

1st Place Team: All Star Oil
Robert Miller, BBA ‘10
Pak Wong, BBA ‘11
Anmar Davila-Chacon, Geology
Muhammed Hamza Ahmed, Petroleum Engineering
Jeremy Roussel, Petroleum Engineering

2nd Place Team: Energy Hogs
Elaine Hsu, BBA ‘10
Alex Halcomb, BBA ‘10
Atticus Radinsky, BBA ‘11
Joel Immaraj, Petroleum Engineering
Yermek Suleimenov, Petroleum Engineering
Jacob McGregor, Petroleum Engineering

3rd Place Team: Core Solutions
Chris Brown, BBA ‘10
Yingyi Winnie Liu, Business Exchange Student
Rocio del Pilar Bernal Olaya, Geophysics
Gus Vaughan, Petroleum Engineering
Li Zhang, Petroleum Engineering