Risk, Resources, Economics and Commercial SIG Meeting – September (Online)

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Speaker: Natan Battisti, Petroleum Engineer and Planning & Economics Adviser at Harbour Energy

Title: How “FAST” Can Help You Make Better and Faster Decisions

Abstract

The use of a standard methodology for economic models has the potential to improve communication between technical, commercial and management teams and facilitate quicker and better decision-making.

Have you ever handed over the data for modeling and barely could understand how that was used effectively when looking at the outcomes? I have felt this pain before! That reminds me of a discussion between a driller and a completion engineer. The driller argued he delivered the well in fewer days than planned, under budget and without incidents – great! The completion engineer otherwise argued the skin came far higher and the well productivity was compromised!

Collaboration between functions is key to delivering the best product that can help decision-makers to exercise it as best as possible based on the knowledge available! Using the FAST Standard for modeling helps to understand what goes into the model, and how calculations are performed and quickly run sensitivity analysis that might drive technical teams to look more in detail at the uncertainties that really matter for a specific project. Also, most of the FAST Standard can be applied to other excel based projects that require collaboration between several people/functions.

Natan Battisti, Petroleum Engineer and Planning & Economics Adviser at Harbour Energy

Natan Battisti is a Petroleum Engineer passionate about Energy Economics and its impact on people’s lives. Currently, at Harbour Energy plc, Natan works for the International team as a Planning & Economics Adviser coordinating the area for Mexico, Indonesia and Vietnam.

As an engineer, Natan has worked for several technical functions, both onshore and offshore. where he got experienced in areas such as project planning, budgeting, portfolio maturation, 2P reserves and 2C resource booking following the SPE PRMS, reservoir simulation, well planning, risk assessment and management, incident reporting, multiphase flow simulator, and well integrity, among others. In the finance and commercial area, Natan’s exposure has granted him experience with both PSC Cost Recovery, PSC Gross Split and Royalty based contracts and economics/financial modeling.

Natan also acts as the STEM Ambassador London Chair coordinating activities that promote the importance of STEM and Energy for our lives in schools around London and is the Sponsorship Chair at SPE London Section.