Upstream Oil and Gas Development Lifecycle Costing

London Corporate Training
Training overview
Professional Course
Classroom, Self-paced Online
4 days
Start dates
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Enquire for more information

COVID-19 Update

This provider offers an online version of their classroom courses

This provider has changed its terms and conditions to allow for rebooking/an amended cancellation policy in light of COVID-19

Training content

This Upstream Oil and Gas Development Lifecycle Costing course will cover:

The Oil and Gas Industry

  • Overview of the oil and gas industry
  • Onshore
  • Offshore
  • Unconventionals

Project lifecycle

  • What is the lifecycle
  • Project stages
  • Exploration
  • Appraisal
  • Development
  • Production
  • Abandonment

Cost Estimating

  • Estimating methodology overview
  • Cost fluctuations and forecasting
  • Types of estimating
  • Cost estimate levels
  • Cost accuracy

Cost Estimate Components

  • Exploration and appraisal
  • Drillex
  • Capex – Facilities
  • Opex – Production
  • Abex
  • Project & Owner's costs
  • Contingency
  • Operator's Reserve

Field Development Planning

  • Field development plan
  • Lifecycle costing
  • Scheduling
  • Investment profiles

Petroleum Contracts

  • Petroleum Economics
  • Exploration Economics
  • Development Economics

Industry Software

  • Discussion on industry standard software

Case Studies


Please contact us for more information on pricing.

Why choose London Corporate Training?

We have trained over 2,500 delegates from almost 600 client organisations

Complimentary Heathrow transfer (one-way)

Endorsed by various organisational and subject specific accrediting bodies

About London Corporate Training

London Corporate Training (LCT)

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...

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Contact info

London Corporate Training

3 Shortlands, Hammersmith
W6 8DA London

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