Cost Analysis of Plug and Abandonment Operations

Oxford Management Centre

How long?

  • 5 days
  • in person

What are the topics?

Oxford Management Centre


Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Operations

Operations management has recently become a crucial part of any company's framework. This complex process focuses on reducing organizational expenses ...


Comprehensive course analysis

Unbiased reviews from past participants
Global companies alumni of this course worked for
Positions of participants who took this course
Countries where most past participants are from
Individual needs analysis

Who should attend

  • Managers accountable for financial provisioning and budgeting of Well Abandonment Operations
  • Well Engineers and Team Leaders responsible for compiling Cost Estimates
  • Government Regulators and Industry Stakeholders keen to understand how costs can be predicted and controlled

About the course

Well Abandonment operations are often the most difficult decommissioning activities to predict costs for, and frequently unforeseen overruns cause significant financial challenges.

But it doesn’t have to be this way.

Early, good quality estimation highlights both areas for concern and opportunities to reduce future cost.

Built on significant practitioner experience in this area with several major, and smaller, Oil and Gas Operators, this seminar will introduce cost estimation good practices and highlight how these can be used to manage the uncertainties inherent in abandonment operations on even aging wells with the likelihood of incomplete datasets.

The course is designed to provide attendees with the ability to improve long -term provisioning, to highlight uncertainties and estimate accuracy and to target long-term and short-term activities to reduce uncertainty and minimise actual costs when they are incurred.

Seminar Objective

The Oxford seminar will provide the attendees with:

  • A good understanding of the various classes and types of estimates, including when and how to use them
  • The key elements required to build a comprehensive Basis of Estimate
  • The ability to build and contrast probabilistic and deterministic estimates
  • Understanding of how to compile a Risk Register and to use it to manage cost risk

Combined these will allow attendees to appreciate the strategic importance of good quality, early cost estimation, and how to use the estimate as a tool to control cost.

Seminar Outline

The Oxford seminar introduces good cost estimation practice, highlighting the various Classes of estimate, how they can be developed, and when they are best applicable. This will include the development of both deterministic and probabilistic estimates and how these can be used to highlight accuracy, uncertainty, and areas of concern worthy of further examination. Particular attention will be paid to the impact of deteriorating well conditions and lack of a complete dataset – the root causes of many major cost overruns.

Illustrate examples and tutorial exercises will be used to allow attendees to acquire and develop key skills, and to bring sharper appreciation of the potential impact of cost estimation practices.

The course will allow participants to knowledgably contribute to delivering effective financial and technical management of future abandonment obligations, including:

  • Contributing to the strategic financial planning of future well abandonment liabilities
  • Providing timely and effective identification and estimation of future financial liabilities associated with well abandonment
  • Providing early identification of cost reduction opportunities allowing their application and impact to be maximized
  • Leading the application of good cost estimation practices through the organisation

In addition, attendees will attain a thorough understanding of cost estimation good practices and their application to well abandonment workscopes, allowing them to:

  • Better manage future abandonment liabilities and forthcoming projects
  • Demonstrate technical competency in cost estimation
  • Position themselves for participation and increased responsibility in a growing sector
  • Lead the development and implementation of Good Practices within their organisation

Cost Analysis of Plug and Abandonment Operations at Oxford Management Centre

From  $4,950
Add coaching to your course booking

Coaching can personalize and deepen learning for you and your organization.

Something went wrong. We're trying to fix this error.

Thank you for your application

We will contact the provider to ensure that seats are available and, if there is an admissions process, that you satisfy any requirements or prerequisites.

We may ask you for additional information.

To finalize your enrollment we will be in touch shortly.


Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Operations

When it comes to operations control, whether you’re trying to optimize workflow or marketing and sales operations, you need to impact as many variables at once as possible in order to have a greater effect. However, it's not always that easy. How sho...

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.