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This course is designed to give participants a basic understanding of the legal fundamentals that make their international transactions work, ranging from the principles that apply to interpreting and enforcing their agreements, to the procedures for resolving their disputes, to addressing interpretational issues posed by common contract provisions, and to avoiding liability under environmental and bribery laws. The course will allow participants to identify confidently potential legal problems, to address them before they become serious, and to facilitate the smooth interaction between oil and gas professionals, host government representatives, and their lawyers.

In this course, participants learn to estimate petroleum reserves using SEC and SPE/WPC definitions, guidelines and latest interpretations. Instructors will present the main reservoir engineering and geoscience methods used to estimate reserves, and demonstrate how definitions affect such estimates. Case studies are used to illustrate different methods for estimating reserves, along with typical errors and how to avoid them. Participants will also learn supplemental techniques such as reservoir simulation and probabilistic methods for estimating reserves.

This course provides a comprehensive understanding of rotating equipment failures and reliability. Condition monitoring techniques are discussed and evaluated. Scenarios involving common rotating equipment reliability issues: rotors, journal bearings and vibration, thrust bearings, balance drums, pump mechanical seals, compressor seals (liquid and dry gas) and auxiliary systems are presented. 



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