Oil Business

Question 1

Describe the processes and framework of the petroleum industry

Answer 1

Question 2

Describe the field life cycle, what are the key steps? How do the steps fit into exploration, production and development?

Answer 2

Question 3

What are the key e and p business drivers? How are they enabled? What to they deliver?

Answer 3

Question 4

Describe the subusrface uncertainy and risk management framework

Answer 4

Question 5

Describe the E + P business machine in terms of resource assessment, capital investment and base management

Answer 5

Question 6

What is the barrel conveyor belt?

Answer 6

Question 7

Describe the E +P business activities in terms of resource assessment, capital investment and base management

Answer 7

Question 8

What are the key levers and tradeoffs?

Answer 8

Effectively managing risk to delivery in:

• Safety
• Costs
• Value
• Schedule

Question 9

What is meant by the natural pace?

Answer 9

Question 10

What is meant by capital value process (CVP)? How does it define a minimum expectations for progressing projects?

Answer 10

Provides basic framework for each segmennt common process

• Clear project boundaries
• Defined roles
• DOcumented plans and recommendations at each stage