Asset Management - Tools, Process, and Practice
1.6 CEUs (Continuing Education Units) awarded for this 2-day course.
Alok Jain, Asset Management Solutions, Inc.
Reservoir engineers, drilling engineers, facilities engineers, project engineers, project managers,
petroleum engineers, production operations engineers & managers, geologists, geophysicists,
negotiators, commercial managers, asset managers, multi-disciplinary team leaders, and management
Defining an asset as an exploration license, a discovery, or a producing oil or gas field including all the
infrastructure, facilities, equipment, and services, asset management begins with acquisition of the
exploration license and continues through exploration, appraisal, development, production, and
abandonment. Successfully managing the asset with a view to maximizing its value requires developing a
plan, extraordinary attention to discipline quality & integration, a careful management of handovers in life-
cycle phases, and a rigorous discipline to continuously improve by conducting well planned post audits.
The instructor has over 30 years of extensive domestic and international experience in many aspects of
asset development and management and offers his life time experiences by describing the tools and
process used in the development of an asset management plan using a real life example and concludes
by highlighting mistakes that are frequently made and often lead to significant erosion in value and a
vicious cycle of re-learning the same lessons over and over again.
• Defining the contents of an Asset Management Plan
• Providing an Asset Management context by examining External Factors such as fiscal terms, host
government policies, regulatory requirements, partner’s and other stakeholders concerns, macro-
economic factors including prices of products and goods and services, and Internal Factors such
as company policies, external commitments, resources, decision process and