Project Management for Oil and Gas

Learn practical project management for oil and gas. Focus on risk management, cost management, and management practices for onshore and offshore energy projects.

Define a project and apply an integrated management system to plan, organize, staff, and allocate resources in oil and gas, delivering unique, temporary outcomes with a focus on quality.

Develop a project execution plan and definition package to define scope and design criteria for oil and gas projects. Build a decision support package to guide execution strategies.

Explore how to define and manage project scope in oil and gas projects, including charters, statements of work, boundaries, and work breakdown structures to ensure clear delivery and change control.

Form an overview of oil and gas project types, including greenfield and brownfield, assess stages from reservoir to feasibility, and plan facilities, pipelines, and offshore platforms.

Outline oil and gas project management from concept and engineering design to commissioning, start-up, and operations and maintenance, emphasizing cost, time, quality, safety, and handover to operations and maintenance.

Define project activities and estimate durations to build a time schedule for oil and gas projects, using work breakdown structure and PERT/CPM methods.

Identify the critical path using CPM and PERT, compute float and slack, and apply risk assessment with Monte Carlo analysis to oil and gas project schedules.

Estimate oil and gas project costs through staged techniques from order of magnitude to feasibility and detailed design, applying accuracy ranges, contingencies, and tender packaging.

Discover how to estimate capital costs for oil and gas projects, focusing on topside onshore/offshore elements, system equipment load, bulk weight factors, fabrication, transportation, installation, commissioning, and country-specific labor costs.

Learn to control project costs in oil and gas by detailing activity costs from the schedule, estimating resources, calculating cash flow, and monitoring expenditures to avoid overruns.

Explore cost control in oil and gas projects by comparing budgeted versus actual costs, calculating budget at completion and variances, and aligning engineering, finance, invoices, and contracts.

Explore economic analysis for oil and gas projects, modeling net cash flow, capital and operating costs, depreciation, taxes, and discount rates to evaluate NPV and IRR.

Apply Crystal Ball Monte Carlo simulations to oil and gas project cost estimation and risk assessment. Analyze economic studies and net present value using defined assumptions and probability distributions.

Develop resource planning for oil and gas projects by coordinating activities, durations, and labor, optimizing bids, and managing offshore and remote area constraints to achieve early start and finish.

Identify and map all stakeholders from government to communities and suppliers, build a stakeholder register, assess influence and communication needs, and implement regular updates via meetings and newsletters.