Businesstechnical - Oils well

28th August 2009 at 01:00

Forty secondary teachers from Aberdeen City and Aberdeenshire have taken part in a training session at Robert Gordon University to help them prepare their pupils for taking part in The Oil and Gas Academy PetroChallenge, an online educational event which sees young people around the world battle it out as oil barons.

The teachers were given an insight into how energy companies study seismic surveys, bid for licences, farm out shares of licences to other operators, compete to get rigs, contract service providers, and choose where to drill wells. They also received training on how to deliver online learning, from the educational specialist company Simprentis, one of the partners in the PetroChallenge.

Around 500 S5-6s are expected to take part in the UK heat of the two-day challenge on September 1-2. Each team takes the role of a virtual energy company entering a new oil and gas province. Starting with $200 million (pound;121m), the challenge is to maximise the return on investment by finding oil or gas and investing in other teams' opportunities.

A spokesman for OPITO, the Oil and Gas Academy, said: "PetroChallenge provides all the challenges, opportunities and dilemmas that a real exploration team would face. The underlying assumption is that you learn better when you are actively involved in making crucial decisions rather than passively receiving information . learning by doing."

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