PETROENG 4022 - Integrated Field Development and Economics Project
Career: | Undergraduate |
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Units: | 3 |
Term: | Semester 2 |
Campus: | North Terrace |
Contact: | Block-format course with integrated lectures and project work |
Available for Study Abroad and Exchange: | Yes |
Available for Non-Award Study: | Yes |
Assumed Knowledge: | Level I - IV PETROENG Courses |
Assessment: | Assignments, project (written and oral presentation) |
Syllabus: |
Field Development Planning gives an overview of the process and methods for developing an optimum plan for developing a petroleum deposit. Key project drive indicators are discussed and it is shown how various disciplines interact in their quest for maximising the value of a project. The course covers all aspects of field development planning, commencing with screening studies, after discovering hydrocarbons, to project sanction. In particular, it is shown that the development planning phase has the potential to add maximum value, when compared to all other phases of the life cycle; as such this phase is most critical. These aspects are presented in detail in terms of actual case histories. It is shown how a proper balance has to be struck among key elements: reservoirs, wells and facilities, not to mention the balance between minimising costs and maximising value, often recovery. Other key essentials, such as flexibility and risk management are also covered. The project is based on an actual data set involving an offshore development. The aim is to study the exploration results and to develop a recommendation for the optimum field appraisal plan. The second part of the project involves the feasibility and development of the optimum field development plan. Participants work in small teams and submit written reports. Students also present their results in front of an academic/industry panel. |
Course Fees
Study Abroad student tuition fees are available here
Only some Postgraduate Coursework programs are available as Commonwealth Supported. Please check your program for specific fee information.
The fees displayed below for international students are for students commencing a program in 2024 only. International students who commenced a program in 2023 or prior can find their fee here.
EFTSL | |||
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0.125 |
Course Outline
A Course Outline which includes Learning Outcomes, Learning Resources, Learning & Teaching for this course may be accessed here
Critical Dates
Term | Last Day to Add Online | Census Date | Last Day to WNF | Last Day to WF |
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Semester 2 | Mon 05/08/2024 | Wed 14/08/2024 | Fri 13/09/2024 | Fri 25/10/2024 |
Class Details
Enrolment Class: Workshop | |||||||
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Class Nbr | Section | Size | Available | Dates | Days | Time | Location |
24036 | WR01 | 10 | 5 | 15 Aug - 16 Aug | Thursday, Friday | 9am - 5pm | Petroleum Engineering, G13, Teaching Room |
21 Aug - 22 Aug | Wednesday, Thursday | 9am - 5pm | Petroleum Engineering, G13, Teaching Room | ||||
26 Aug - 28 Aug | Monday, Tuesday, Wednesday | 9am - 5pm | Petroleum Engineering, G13, Teaching Room |