This workshop focuses on the commercial aspects of the LNG business, exploring contract structures, pricing mechanisms, risk management, and trading strategies. Participants will gain practical insights into how LNG projects and transactions are structured, negotiated, and managed to maximize value while navigating market volatility and regulatory frameworks.

Workshop Objectives

• By the end of this workshop, participants will be able to:
  
• Understand key LNG commercial frameworks, including SPAs, MSAs, and tolling agreements.
  
• Analyze LNG pricing models, benchmarks, and indexation methods.
  
• Evaluate risk factors and apply strategies for commercial risk management.
  
• Assess LNG trading practices and their impact on portfolio optimization.

About the Presenter

The workshop is delivered by an LNG commercial specialist with experience in contracts, trading, and business development. The presenter combines deep market knowledge with real-world case studies to provide participants with actionable insights into structuring and managing LNG commercial agreements.

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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.