OpenCalc Spreedsheet
What you will learn
Introduction – Excel for Built Decline Curve Analysis
Excel Analysi and Prevision of Economic Data
Pivot Table Analysis of Oil Field Production Data
Forecast Price Oil&Gas in Excel Spreedsheet
Monitoring Pressure in Reservoir
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- Course Caption: OpenCalc Spreadsheet
- Master advanced data cleaning and validation techniques for ensuring the integrity of critical oil and gas datasets, from well completion reports to production logs.
- Develop dynamic dashboards and interactive reports to visualize key performance indicators (KPIs) like well uptime and operational efficiency for immediate stakeholder insights.
- Automate routine data consolidation and report generation using Excel’s built-in functionalities and an introduction to basic VBA macros, optimizing engineering time.
- Conduct comprehensive operational expenditure (OpEx) and capital expenditure (CapEx) tracking for detailed budget variance analysis and robust cost control across projects.
- Model and analyze equipment maintenance schedules and logistics data to optimize inventory, minimize downtime, and manage supply chain efficiency for field operations.
- Perform statistical analysis on drilling parameters, such as rate of penetration and mud properties, to identify trends and improve overall drilling efficiency.
- Evaluate the economic viability of potential oil and gas assets through sophisticated cash flow modeling, net present value (NPV), and internal rate of return (IRR) calculations.
- Implement robust data management strategies for storing and retrieving vast quantities of historical production, well, and geological data within structured Excel workbooks.
- Design custom templates for daily production reports and well intervention summaries, ensuring consistency and ease of data entry for field personnel.
- Analyze Health, Safety, and Environment (HSE) incident data, identifying root causes, tracking safety metrics, and generating compliance reports for regulatory bodies.
- Create sensitivity analyses for various economic and operational scenarios, helping decision-makers understand potential outcomes under different market conditions.
- Utilize advanced lookup functions (e.g., INDEX/MATCH, XLOOKUP) and array formulas to efficiently cross-reference and extract specific information from complex, multi-sheet O&G databases.
- Build visual representations of reservoir fluid properties or production profiles to support reservoir characterization and production forecasting efforts.
- Develop systems for tracking lease agreements and royalty payments, ensuring accurate financial reconciliation and compliance with contractual obligations.
- Conduct competitive landscape analysis by aggregating and interpreting publicly available data on rival companies’ production, reserves, and operational metrics.
- PROS:
- Gain highly practical, immediately applicable skills directly transferable to a wide range of roles within the oil and gas sector.
- Enhance decision-making capabilities by transforming raw data into actionable insights for operational, financial, and strategic planning.
- Leverage an industry-standard, cost-effective tool, reducing reliance on expensive specialized software for many analytical tasks.
- Improve personal and team efficiency through data automation, streamlined reporting, and sophisticated analytical methodologies.
- Strengthen your professional profile as a proficient data analyst capable of solving complex O&G challenges using a ubiquitous business tool.
- Facilitate better cross-functional communication by creating clear, concise, and visual reports understandable across different departments.
- CONS:
- Excel’s inherent limitations in handling extremely large datasets or highly complex numerical simulations may necessitate dedicated engineering software for certain advanced scenarios, potentially requiring data transfer.
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