Get the Best out of Assets in a Challenging and Dynamic Landscape

Unavoidable uncertainties and volatility in the industry have resulted in a significant continuous transformation in many oil and gas companies towards maximizing the lifecycle value of the hydrocarbon assets. The need to take a proactive action in enhancing the business workflows is compounding to improve efficiencies by simplifying processes, deploying innovative collaboration models, undertaking efforts to drive down the cost as we become more cash conscious, resetting mindset towards value and objective-driven as well as rethinking the commercial and contractual strategies in developing and managing the hydrocarbon assets.  

This webcast is setting the scene for a series of talks and will touch upon some standards and process improvement at the industry level (with showcases from Malaysia) and its key principles and value impacts, focusing mainly on Integrated Asset Development & Management (IADM) throughout field/asset lifecycle from exploration stage down to decommissioning and abandonment stage with a focus on Field Development Projects.  

In addition, it will also share an example of an innovative solution of resources management towards successful development plan formulation and asset management, that serve as a platform for putting together various elements of ideas and concepts, best practices and lessons learned, techno-commercial and data-driven initiatives, alternative industry-standard approaches and enabling technologies for IADM. 

 

Dr. Rahim Masoudi

Chief Technical Officer (CTO) and Group Technical Authority (GTA) & Custodian- Petroleum/Reservoir Engineering in Field Development and Asset Management & Operation in PETRONAS

Dr Rahim graduated from Heriot-Watt University/UK with more than 22 years industrial and research experiences in Middle East, North Sea and Malaysia/SE Asia. He is currently the Chief Technical Officer (CTO) and Group Technical Authority (GTA) & Custodian- Petroleum/Reservoir Engineering in Field Development and Asset Management & Operation in PETRONAS.   

He is also Distinguished Industry Advisor and Adjunct Professor at University Technology PETRONAS. He is recognized/served as SPE International Distinguished Lecturer in 2011-2012 seasons, received the 2017 SPE Technical Service Award and 2012 SPE Northern Asia Pacific Regional Technical Award on Reservoir Description and Dynamics, received SPE-Kuala Lumpur “Outstanding Technical Award” for 2015-2017 season, recognized & appointed as a member of SPE Regional Technical Advisory Committee in Asia Pacific. 

In October 2013, awarded the 2017 and 2012 Exemplary Line Trainer of the Year by PETRONAS PE Skill Group 10, published one book and more than 140 international journal, conference papers and 3 patents. Supervised more than 30 MSc and PhD students in Petroleum/Reservoir Engineering in various areas and carried out more than 50 reservoir studies and FDP Formulation.  

His areas of interest are E&P Business Development, Field Development, Asset Management, High CO2 Field Monetization, Reservoir Engineering, Production Optimization, Reservoir Description & Dynamics, Hydrocarbon Recovery Improvement, Uncertainty& Risk Management, E&P Data Analytics. 

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Certificate
0.01 CEU/ 1 PDH credits  |  Certificate available
0.01 CEU/ 1 PDH credits  |  Certificate available