Esanda Engineering

New Ventures

3 DAY COURSE

Course overview

The course provides an overview of how companies manage their business with respect to reserves replacement, asset acquisition and divestiture. How to find the right opportunities and effectively manage them to add value to the business.

The course is designed for

Professionals who need to understand the processes involved in the upstream New Ventures business. Thus the course is suitable for all technical professionals, managerial, commercial and legal staff working in the E&P industry.

Course outline

Project Funnel

Project identification
Ranking and screening
Project selection and approval

Project Completion

Data room
Due diligence
Sales process
Planning the evaluation process
Completing the deal
Budgets, schedules and committees
Planning and monitoring the new operations

Round Table Scenario Planning

An opportunity to consider new ventures problems and issues – dependent on the participant's area of interest. Typical areas include capital constrained portfolios, production or reserve target metrics, real value add of due diligence.

Establishing a company's growth needs

What are the corporate requirements; strategy, goals and aspirational targets
The current E&P business environment; exploration v reserves acquisition
Different types of investment for expansion; organic growth, exploration or acquisition?
Acquisitions, divestments,
farm ins/outs

Field Development Planning

Data requirements
Field development planning
Production profiles
Lifecycle cost estimating

Economic evaluation of the opportunities

Fundamentals of investment appraisal
Cash flows
Exploration economics
Development economics
Risk and uncertainty
Project ranking
Portfolio management

Course location and dates

Course duration: 3 days Early bird price: £2250 Standard price: £2700
All prices are per participant, and are subject to VAT.
Early bird rate applies to bookings taken 14 days or more prior to the course date.