This workshop provides a focused examination of the financial and economic aspects of plugging and abandonment (P&A) projects. Participants will learn how to evaluate cost drivers, develop accurate estimates, and apply cost-control measures that balance safety, compliance, and efficiency while minimizing the overall expense of well decommissioning.

Workshop Objectives

• By the end of this workshop, participants will be able to:
  
• Identify major cost components and drivers in P&A operations.
  
• Develop and interpret cost estimates and financial models for well abandonment.
  
• Assess the impact of regulatory, technical, and environmental factors on costs.
  
• Apply cost-optimization strategies without compromising safety or compliance.

About the Presenter

The workshop is delivered by an experienced professional in well abandonment, petroleum economics, and project cost management. Combining technical knowledge with commercial acumen, the presenter offers practical insights and case studies that help participants strengthen both their financial and operational decision-making in P&A projects.

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Material Balance Modeling
November 28, 2026 - November 29, 2026
Material Balance Modeling

Material balance is one of the most direct methods available to a reservoir engineer for estimating hydrocarbons in place, identifying the drive mechanism and forecasting reservoir performance. It requires far less data than a full numerical model, and when it is set up correctly it produces results that can be defended in technical reviews and reserve audits.This workshop covers the complete material balance workflow as it is applied on producing assets. It begins by placing the reservoir within the integrated production system, then moves through data preparation and quality control, tank model construction, drive mechanism identification, and the use of analytical and graphical diagnostic tools. Participants work through the classical diagnostic plots, including Dake and Campbell, and learn how to read what each plot indicates about depletion, gas cap expansion and water influx.The second part of the workshop addresses history matching using both analytical and graphical techniques, determination of STOIIP, aquifer identification and sizing, and running prediction cases to generate production forecasts and recovery estimates. Results are compared against volumetric and simulation-based estimates so that participants understand where material balance is reliable and where a numerical model becomes necessary.The workshop is delivered at an advanced level and is intended for engineers who already work with production and pressure data and want a structured, repeatable method for in-place volumes, drive mechanism evaluation and performance prediction.