Did you know that oil and gas companies manage thousands of
operational assets, from wells to processing plants and pipelines?
Well and Facility Asset Management Professionals gather, analyse,
input, share and report information about them!
In this role, you'll master sophisticated databases. You'll
analyse and report information to support decisions such as
maintaining, improving or divesting assets. You will help the
company satisfy licensing and other regulatory requirements.
Imagine working with a diverse group of drillers, operators, land
and production accountants to ensure records integrity.
These are the tasks Well and Facility Asset Management
Professionals manage every day. Without their contributions,
companies could mismanage assets and lose money. If you enjoy using
computers to organize and analyse detailed information and prefer
service-oriented roles, this career may offer exactly what you're
What does a Well and Facility Asset Management Professional
Well and Facility Asset Management Professionals use
sophisticated datamanagement systems to manage detailed information
about the company'swell, facility and pipeline assets throughout
their lifecycles. They work with otherdisciplines to ensure the
company's asset records and reporting processes complywith
regulations. They develop customized information to support
businessdecision-making. Duties typically include:
- Recording, monitoring, and
quality-checking data to ensure it reflects operations and well
- Coordinating licensing for
- Ensuring well operations meet
regulatory and compliance guidelines.
- Ensuring all data on the drilling,
regulatory, well/facility asset management and other systems
- Preparing and filing well status
changes with the regulatory authorities.
- Liaising with government agencies,
partners and internal staff regarding operational reporting
- Generating reports and sharing
information to support business decision-making.
How do I become a Well and Facility Asset Management
At minimum, you will need a high school diploma. A degree or
post secondary diploma in business, petroleum technology, land
administration, property accounting or records management is
considered as an asset.
For example, an Energy Asset Management Diploma is available
from the Southern Alberta Institute of Technology (SAIT). The
two-year program was developed in partnership with The Centre for
Energy Asset Management Studies (CEAMS).
What are the working conditions like?
Well and Facility Asset Management Professionals typically work
in office environments. However, they must be familiar with the
physical facilities and geographic producing areas in order to
manage the asset records.
Do I fit the bill?
Do you think you have what it takes to become a Well and
Facility Asset Management Professional?
- I am comfortable working in a
fast-paced, dynamic, deadline-oriented environment.
- I am a great
- I have the ability to process large
volumes of work to quality standards.q I like to work with
- Accuracy and attention to detail are
- I enjoy figuring out how different
pieces fit together and how things flow.
- I like to use computer software
programs and process data.
- I enjoy creating documents and
- I pride myself on effective written
and verbal communication.
- I have a strong service
- I can work effectively on my own, and
as a member of a cross-functional team.
- I think a career as a Well and
Facility Asset Management Professional is exciting, and I'm up for
the challenge and experience!
Quick tips and next steps!
- Investigate post-secondary education
options, including the Energy Asset Management program at
- Attend meetings held by professional
associations such as the Petroleum Joint Venture Association
(PJVA), Canadian Association of Professional Landmen (CAPL) and The
Canadian Associationof Petroleum Production Accounting (CAPPA) to
network withprofessionals in the business.
- Learn about Energy Asset Management
- For a detailed description of the
various steps in drilling and servicing a well, see the 'Oil
and Gas Drilling and Servicing eTool' at: www.osha.gov.
- Information about natural gas
processing can be viewed at www.naturalgas.org or on the
'Adventures in Energy' website, sponsored by the American
Petroleum Institute at: www.adventuresinenergy.org.
- Consider the Oil and Gas
Primer course that CAPPA (Canadian Association of Petroleum
Production Accounting) offers through its E-School: www.cappa.org.
- Become familiar with some of the
common terms used in the industry. One resource is theOilfield
Glossary, produced by Schlumberger and available at: www.glossary.oilfield.slb.com.
Want more info?
For information on other industry occupations check out