Upstream Asset Development and Operations

McCombs School of Business

McCombs School of Business

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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.

About the course

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.

Create technically sound and commercially attractive assets using design themes and product value chains. Achieve success through good planning and be prepared to adjust accordingly when reality intrudes and risk arise. Realize the ultimate value of acquiring and developing an upstream asset by delivering commercially successful production operations over the long term. And be prepared to capitalize on opportunities and be a leader in your industry. Complete this class along with “Strategic Considerations for Upstream Acquisition” to earn your Oil & Gas Immersion Certificate.

Energy

Learn and experience the critical decisions that must be made across the value chain to create enterprise value.

Three-Day Program

Registration begins at 9:30 a.m. and class runs 10:00 – 5:00 all three days with a one-hour lunch included.

BTS Consulting

Our partnership with BTS combines UT's academic research and a customized business simulation experience, developed by BTS, to practice concepts and apply learnings back on the job.

Benefits

  • 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

Topics

  • 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

Experts

Gurcan Gulen

Dr. Gülen is a Research Scientist and Senior Energy Economist at Bureau of Economic Geology’s Center for Energy Economics, The University of Texas at Austin, where he investigates and lectures on energy value chain economics and commercial frameworks. Since the late 1990s, he worked on oil, natur...

Britt Freund

Biography Freund, Robert Assistant Professor, Department of Information, Risk, and Operations Management Robert Freund received his B.S. from The University of Texas at Austin and his M.S. and Ph.D. at Cornell University. His research and teaching interests include the design of manufacturing and...

Upstream Asset Development and Operations at McCombs School of Business

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Disclaimer

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.

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.