Introduction

Effective asset management is essential for achieving sustainable value from upstream oil and gas operations. Organisations must balance investment decisions, operational performance, risk exposure, and long-term production objectives while responding to changing market conditions.

Upstream Oil & Gas Asset Management training course develops the skills required to maximise asset value, strengthen decision-making, improve operational performance, and support long-term business objectives.

Participants will gain a structured understanding of asset lifecycle management, investment evaluation, field development planning, and production optimisation. The training course provides practical insights that enable professionals, managers, and leaders to support strategic asset decisions and enhance organisational performance.

Key focus areas of this Upstream Oil & Gas Asset Management training course include:

Key Learning Outcomes

At the end of this Upstream Oil & Gas Asset Management training course, participants will be able to:

Training Methodology

This training course combines expert-led instruction, interactive learning, group discussions, practical exercises, and applied scenarios supported by real-world examples. Participants will develop practical skills through active engagement and collaborative learning activities that reinforce key concepts and decision-making techniques.

Upstream Oil & Gas Asset Management

Who Should Attend?

This Upstream Oil & Gas Asset Management training course is designed for:

  • Asset Managers
  • Operations Managers
  • Petroleum Engineers
  • Reservoir Engineers
  • Production Engineers
  • Planning Managers
  • Contract Managers
  • Financial Managers
  • HSE Managers
  • Project Managers
  • Team Leaders
  • Supervisors
  • Technical Specialists
  • Upstream Operations Personnel

Course Outline

Day 1

Overview of Upstream Asset Management

  • Overview of the oil, gas and power value chains
  • Scope of upstream asset management
  • Integration with downstream assets and markets
  • Differences between oil and gas markets
  • Market opportunities identified for production
Day 2

HSE Issue and Energy Project Investment Analysis

  • Considerations of health, safety and the environment on the upstream asset
  • Sustainable development issues
  • Time value of money
  • Present value of net cash flow
  • Internal rate of return
  • Sensitivity analysis
Day 3

Exploration and Appraisal Well Decisions

  • Preparation of the well plan for the exploration and appraisal wells
  • Selection of sampling and evaluation methods
  • Preparation of AFE
  • Submission of application for drilling permit
  • Issuance of RFP for drilling services
  • Review of bids and selection of contractors
Day 4

Field Development Decision

  • Prepare geological model and estimate resources
  • Prepare drilling and well completion plans
  • Prepare reservoir model
  • Predict reservoir performance under natural depletion
  • Enhanced recovery and artificial lift natural drive mechanisms
Day 5

Asset Optimization

  • Infrastructure development decision
  • Analyze crude oil markets
  • Analyze natural gas markets
  • Analyze gas liquids markets
  • Decisions during the producing life of the field

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FAQs

This course provides a comprehensive understanding of how upstream assets can be managed to deliver greater operational and financial value. Participants learn how to assess investment opportunities, support development decisions, evaluate risks, and improve asset performance throughout the asset lifecycle. The knowledge gained can contribute directly to stronger business outcomes and more effective decision-making.

The course examines key decision points that influence asset performance, including exploration, appraisal, development, and production activities. Participants gain practical approaches for evaluating opportunities, identifying risks, analysing investments, and selecting appropriate development strategies that support long-term asset value.

The course addresses both technical and business aspects of upstream asset management. Financial managers, commercial professionals, project leaders, contract managers, and operational personnel can all benefit from understanding how investment, risk, and performance decisions affect asset outcomes.

Participants are introduced to widely used investment evaluation methods that support sound business decisions. Topics include the time value of money, present value of net cash flow, internal rate of return, and sensitivity analysis. These techniques help determine project viability and support effective capital allocation.

Asset optimisation is explored from both operational and strategic perspectives. Participants examine factors affecting production performance, market considerations, infrastructure decisions, and field-life planning. The course helps professionals identify opportunities to maximise value while maintaining effective risk control.

Participants will leave with a stronger understanding of upstream asset lifecycle management, investment analysis, HSE considerations, field development planning, and optimisation strategies. The Upstream Oil & Gas Asset Management training course enables professionals to contribute more effectively to operational excellence, profitability, and long-term asset performance.

GRC Academy training courses are delivered in leading international business destinations, including London, Amsterdam, and Dubai. Sessions are hosted in carefully selected four- and five-star business hotels with professional meeting facilities that support focused learning, interaction, comfort, and confidentiality.

View All Training Locations

GRC Academy provides both online and in-person options for all our training courses. Participants may join interactive virtual sessions or attend scheduled courses in major international locations, allowing them to select the option that best suits their professional commitments and availability.

GRC Academy develops customised in-house training courses that address each organisation’s strategic priorities, operational environment, and workforce capability requirements. Our team works closely with clients to tailor the course content, learning outcomes, and practical emphasis.

These tailored courses are designed to strengthen organisational capability, improve team performance, and support measurable and sustainable outcomes. For customised in-house training enquiries, please contact the GRC Academy Customer Service team at [email protected]

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