An Interactive 5-Day Training Course
Integrated Asset & Production Management
Running the Asset as One
Secure your spot now!
Duration
5 Days
Price
$ 3,500
Starting From
15 Mar 2027
Integrated Asset & Production Management
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Integrated Asset & Production Management - PE-IAP-PEA27
| Code | Date | Time | Duration | Location | Currency | Early Bird Fee Per Person |
|---|---|---|---|---|---|---|
| PE-IAP-PEA27 | 15 - 19 Mar 2027 | 10 AM CST | 4 Hours Per Day |
Online |
USD |
3500 |
Need this for a group? We deliver the same course in-house — face-to-face at your location or online — tailored to your assets and team level. Contact info@peassociations.com.
Boost your team's skills and your budget! Enjoy group discounts for collaborative learning. Send an inquiry to info@peassociations.com.
Integrated Asset & Production Management
Description
An asset delivers value through the interaction of reservoir, wells, facilities, people and money. Managing it well means planning across all of those together, allocating capital and effort where it produces the most value, and keeping the organisation aligned around the same picture. This course covers that management task from a production perspective.
It starts with asset strategy and value drivers, then covers integrated planning: how subsurface, wells, facilities and commercial constraints are brought into a single production and development plan. It then covers integrated modelling as a planning tool, capital allocation between drilling, intervention, facilities and cost reduction, and short, medium and long term planning horizons. The second half covers organisation and decision rights, integrated teams and their interfaces, performance management and target setting, risk management, and stakeholder relationships with partners, regulators and service providers.
Asset performance is rarely limited by any one discipline's technical work. It is limited by how well the parts fit together: whether facilities were sized for the wells actually drilled, whether the intervention programme matches the reservoir strategy, whether the budget is allocated where the value is and whether decisions get made when they need to be.
Integrated planning is the mechanism for that fit. A plan that brings subsurface potential, well delivery, facility capacity and cost into one picture shows where the binding constraints are and what the asset can actually produce. The alternative, planning each element separately and adding them up, produces plans that do not hold.
Capital allocation is the sharpest version of the problem. Money spent drilling is money not spent on interventions, facility debottlenecking or cost reduction, and the returns from each differ by asset and by stage of life. Making that allocation on evidence, with a consistent evaluation basis, is one of the highest value activities in asset management. This course covers the planning, the allocation and the organisational arrangements that support them.
By the end of this training, participants will be able to:
- Define asset strategy and identify the value drivers for a producing asset.
- Build integrated plans across subsurface, wells, facilities and commercial constraints.
- Use integrated models to support planning and decision making.
- Develop short, medium and long term production and development plans.
- Allocate capital between drilling, intervention, facilities and cost reduction.
- Structure organisations and define decision rights for integrated working.
- Manage interfaces between disciplines, functions and contractors.
- Set targets and manage asset performance.
- Identify and manage asset-level risks.
- Manage relationships with partners, regulators and service providers.
Organisations sending participants to this training will:
- Plan across disciplines rather than within them.
- Allocate capital and effort where they produce most value.
- Improve alignment between subsurface, wells, facilities and commercial functions.
- Improve the realism and reliability of asset plans.
- Strengthen performance management and accountability.
Participants will:
- Understand how an asset delivers value as an integrated system.
- Be able to contribute to or lead integrated planning.
- Be able to evaluate and defend capital allocation choices.
- Understand organisational and decision-making structures in assets.
- Be prepared for asset management and leadership roles.
- Production and reservoir engineers moving into integrated roles
- Asset managers and team leaders
- Facilities and operations engineers
- Development and planning engineers
- Commercial and economics staff working with assets
- Technical professionals preparing for management
Module 1: Asset Strategy and Value Drivers
- Asset life cycle stages
- Value drivers by stage
- Strategy definition
- Setting asset objectives
Module 2: Integrated Planning
- Subsurface, well, facility and commercial inputs
- Constraint identification across the system
- Building a single production plan
- Planning horizons and updating cycles
Module 3: Integrated Modelling for Planning
- Role of integrated models in planning
- Model scope and fidelity for planning use
- Scenario and sensitivity analysis
- Communicating model results to decision makers
Module 4: Production and Development Planning
- Production forecasting for the asset
- Drilling and intervention programmes
- Facility projects and debottlenecking
- Sequencing and dependencies
- Contingency and flexibility
Module 5: Capital and Cost Allocation
- Competing uses of capital
- Consistent evaluation basis
- Portfolio ranking and constraints
- Balancing production addition against cost reduction
- Approval processes
Module 6: Organisation and Decision Rights
- Integrated asset team structures
- Roles, accountabilities and decision rights
- Interfaces between functions
- Working with service providers and contractors
- Common organisational failure modes
Module 7: Performance Management
- Setting asset targets
- Key performance indicators
- Performance review cycles
- Variance analysis and corrective action
- Accountability and incentives
Module 8: Risk Management
- Asset-level risk identification
- Subsurface, operational, HSE and commercial risks
- Risk assessment and mitigation planning
- Risk registers and review
Module 9: Stakeholders and External Relationships
- Partner and joint venture management
- Regulatory relationships and obligations
- Community and social considerations
- Contractor and supplier relationships
- Communication and reporting
Frequently Asked Questions
All course bookings made through PEA are strictly non-refundable. By registering for a course, you acknowledge and accept that all fees are payable in full and are not subject to refund under any circumstances, including changes in personal or professional commitments or partial attendance.
PEA reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Comprehensive details of each course — including objectives, target audience, and content — are clearly outlined before enrolment, and it is the responsibility of the delegate to ensure the course's suitability prior to booking.
For any inquiries related to cancellations or bookings, please contact our support team, who will be happy to assist you.
