Cost Analysis of Plug and Abandonment Operations
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For PEA Members Only
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.
Premium Workshop
For PEA Members Only
Foundation of SPE PRMS
This foundation workshop teaches you SPE PRMS, the oil and gas industry's standard system for classifying and reporting reserves. You'll learn why hydrocarbons in the ground aren't reserves, why every reserve must be tied to a real project, and how volumes move from discovered to commercial to booked. We use ultra-heavy oil field as a real-world case study to show how it all plays out.Built for engineers, geologists, and finance teams who work with reserves.