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    Well Planning, Budgeting and Cost Control
    Introduction Objectives Organisational Impact Personal Impact Who Should Attend? Outline Certificate About The Trainer

    Boost your team's skills and your budget! Enjoy group discounts for collaborative learning. Send an inquiry to info@peassociations.com.

    Petroleum Economics: Well Planning, Budgeting and Cost Control

    This self-paced course provides a overview of well planning, budgeting, and cost control, equipping professionals with the knowledge to optimize well design and manage expenditures effectively.

    Description

    This course details the complete well project management cycle. You will begin with preliminary well design , including pre-completion, casing, and directional design. The curriculum then moves into detailed well programming, covering checklists, technical justifications, and formatting. A core focus is on the financial component, teaching you to prepare accurate time estimates and AFE cost estimates. Finally, the course addresses the execution phase, covering well control, budget control, and methods to analyze and improve performance
    Course Description
    Introduction
    Master the technical and financial lifecycle of well projects with our comprehensive e-learning course. This program provides an integrated approach to well planning, budgeting, and cost control. It is designed for professionals seeking to manage the entire process, from initial design to final performance analysis, all within a flexible, self-paced format.
    Objectives

    Upon completion of this course, you will be able to:


    Develop high-level and detailed well designs, including casing and directional plans.


    Prepare and format a comprehensive drilling program with all technical justifications.


    Create accurate AFE cost estimates and time estimates for well operations.


    Implement strategies for well cost and budget control during the drilling phase.


    Analyze post-drilling data to improve future well performance and cost-efficiency

    Organisational Impact

    Improve AFE Accuracy: Enhance your team's ability to create precise cost estimates, reducing budget overruns.


    Streamline Planning: Standardize the well planning and drilling program process for greater efficiency and consistency.


    Strengthen Financial Controls: Equip your engineers and planners with the skills to actively manage and control well costs.


    Enable Flexible Upskilling: Train your personnel in critical planning and economic skills without scheduling conflicts.

    Personal Impact

    Master Project Management: Gain the ability to manage a well project from the initial design concept to final cost analysis.


    Gain Critical Financial Skills: Become highly proficient in AFE preparation and budget control, making you a valuable asset.


    Enhance Your Engineering Value: Bridge the gap between technical engineering and financial project management.


    Learn at Your Own Pace: Master complex planning and economic principles on your own schedule.

    Who Should Attend?

  • Drilling Engineers


  • Well Engineers


  • Production Engineers


  • Reservoir Engineers


  • Petroleum Engineers


  • Cost Engineers and Budget Analysts


  • Project Engineers

    • Course Outline
    DAY 1

    Preliminary Well Design (High Level)


    Preliminary Work for the Well Design


    Pre-completion and Completion Design


    Casing Design


    Directional Design


    Detailed Well Design / Programming


    Preliminary Work for the Drilling Program - Drilling Program Checklist


    Technical Justification


    Preparing & Formatting the Drilling Program - Time Estimates


    AFE Cost Estimates


    Well Control


    Drill the Well


    Well Cost/Budget Control


    Analyze and Improve Performance

    Certificates

    On successful completion of this training course, PEA Certificate will be awarded to the delegates.

    About The Trainer

    This course has been meticulously developed by a seasoned PEA expert renowned in the oil and gas industry. With extensive hands-on experience and a proven track record in delivering innovative solutions, our trainer brings a wealth of technical expertise, deep industry insight, and a commitment to excellence. Learners can trust that they are gaining knowledge from a leading authority whose dedication to professional development ensures you receive only the highest-quality training to elevate your skills and career prospects.

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    Frequently Asked Questions

    Why PEA?
    PEA is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PEA helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
    Who are these training courses designed for?
    Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you're a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
    Are these courses delivered online or in person?
    PEA offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
    Will I get access to the course recordings?
    Yes, all participants will have access to the recordings for up to 1 month after the course. Extended access beyond this period can be arranged upon request.
    Can I get customized training for my team?
    Yes, PEA offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization's needs.
    Are there any prerequisites for attending a course?
    Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
    How can I enroll in a course?
    Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the Payment process. You may also get in touch with our Registration Team on WhatsApp: +91 6205464268 Email: info@peassociations.com
    Will I receive a certificate after completing a course?
    Yes, upon successful completion of our courses, you will receive an industry-recognized certificate from PEA This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
    When and how do I arrange payments?
    We offer two convenient payment options: Bank Transfer - You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. Payment Link - Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
    What is the refund or cancellation policy?

    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.

    Is there a discount for more than one registrant/course?
    For corporate fees and group registration, please send your query to info@peassociations.com

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