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Upstream Asset Development and Operations

  • Create Commercially Attractive Assets

    Create technically sound assets using design themes and product value chains. Achieve success through good planning and be prepared to adjust when reality intrudes and risk arises. Realize the value of acquiring and developing an upstream asset by delivering commercially successful production operations over the long term. Prepare to capitalize on opportunities and be a leader in your industry.

BENEFITS

The oil and gas industry has always been cyclical. Competitive advantage will always belong to companies whose employees are not only technically competent but also capable of capitalizing on changing market conditions across value chains and the globe.

 

  • Develop the practical skills of designing, planning, executing, and operating economically attractive upstream assets
  • Evaluate opportunities and risks for various hydrocarbons through Concept Selection
  • Execute a development strategy incorporating commercial considerations around markets, contracts, pricing, and partnerships
  • Discuss Stage-Gate fundamentals and other industry models that guide the development process
  • Utilize FEED, EPC, and risk management considerations during project planning
  • Recognize risk and value creation during operations, from people-related and government-related operations challenges to technical challenges

 

Enrollment Options

  • Individual Enrollment

    Enroll in this course as an individual.
  • Group and Custom Enrollment

    Enroll as a team, or customize this program for your organization.

UPCOMING SESSIONS

There are no sessions scheduled at this time. For more information about the next class date, please contact us at execed@mccombs.utexas.edu or 512-471-5893.
Industry Networking
Great materials. Engaging speaker. Loved hearing aspects of the industry from other participants!
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TOPICS

The following topics will be covered in this course:

 

  • Development Process
  • Commercial Drivers of Development Concept: Markets, Contracts, Partners
  • Selecting the Right Concept
  • Sim: Concept Select
  • Project Risk & Uncertainty
  • FEED and EPC
  • Project Planning
  • Sim: Plan & Execute
  • Production Agreements
  • Sim: Production Agreement Scenario Based Challenges
  • Operations and Asset Management
  • Sim: Operations and Asset Management Scenario Based Challenges
  • Production Development Opportunities
  • Sim: Production Development Opportunity Scenario Based Challenges
  • Managing Mature Assets
  • Sim: Mature Asset Scenario Based Challenges

 

Special Features:

  • Compete against peers to see who can most effectively enter the simulated country, while facing similar competition from other Oil & Gas companies
  • Practice applying the lessons learned and relate them back to your work within, and in support of, the industry
  • Explore the challenges associated with operating an asset long-term within a country, subject to prior agreements and changing government expectations, including end-of-life considerations as the asset matures

Who Should Attend?

Taking a deeper look into planning and developing a new asset, as well as into ensuring efficient operations over the life of an asset, professionals who would benefit come from these groups:

 

  • Upstream leaders who need to understand the complex link between acquiring new resources and the resulting development outcomes and operating efficiencies
  • Project development leaders seeking to understand how decisions made in the past impact them today and how they can optimize their performance
  • Logistics firms and terminal companies who must understand the challenges their customers are facing
  • Pipeline operators who must understand interconnected supply-and-demand relationships
  • Oilfield services firms who are looking to provide value to resource developers and other industry players
  • EPC and other contractors serving the extractive industries
  • Financial and legal professionals who are navigating complex investments and value creation opportunities and who are involved in negotiations with partners and governments
  • Technical advisors and employees looking for a deeper commercial understanding of the oil and gas industry

 

NOTE: This class is beneficial to all participants in the oil and gas industry but also to those from other extractive industries who face similar challenges when it comes to responding to changing prices, environmental regulations, and end-of-life remediation issues, among others.

 

Prerequisites & Credit Information

There are no prerequisites for this course.

Our classes are available for university credit. Please contact Elizabeth Krieg for more information.

Instructors

  • R. Britt Freund
    R Britt Freund Headshot
    R. Britt Freund

    Director of Project Management Consortium, Information, Risk & Operations Management

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  • Gurcan Gulen
    Gurcan Gulen Headshot
    Gurcan Gulen

    Principal, G2 Energy Insights LLC

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Demonstrate Your Expertise with a Certificate

  • Reimbursement Options

    Learn more about course credits and options for course reimbursement. Get tips on the best way to approach your manager and download a customizable template to facilitate making the ask.
  • Course Location

    In person courses take place at the AT&T Executive Education and Conference Center and adjoining Rowling Hall on the UT campus in Austin. These world-class facilities provide a comfortable and convenient learning environment, with direct access to the 40 acres of campus and within walking distance of downtown Austin. Live online and on-demand course options are available for many courses.

In Partnership with BTS

With over 35 years of experience leveraging customized business simulations and experiential learning tools, BTS partners with organizations in strategy execution to engage people more deeply in the strategy, accelerate implementation, and deliver business results. BTS’s unique approach supports the alignment, skill development and behavioral change necessary for exceptional strategy execution. With deep expertise across the Oil & Gas, Mining and other extractive industries – a BTS experience provides you the opportunity to practice before you play in a high-fidelity decision making environment. For a company, the end results are quantifiable and measurable, illustrated in everything from revenue growth to increases in customer satisfaction and employee engagement. This is the first time a customized BTS simulation experience will be available in for open enrollment across the Oil & Gas, Mining and related industries.

 

GET THE BROCHURE

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