This Advanced Management Strategies and Financial Acumen in the Oil & Gas Sector training course is designed to provide in-depth knowledge and advanced skills for managers and supervisors in the oil and gas industry. The training course will focus on the economic, financial, and managerial aspects of the industry, including petroleum economics, contracts, joint ventures, fiscal regimes, and risk management. Participants will explore the financial mechanisms and strategies crucial for developing and financing oil and gas projects. Additionally, this Energy Training Centre training course will delve into the evolution of safety culture, effective communication, and negotiation skills essential for leadership in the industry. This training course aims to develop participants' ability to manage complex financial and strategic issues within the oil and gas sector effectively.
Upon successful completion of this Advanced Management Strategies and Financial Acumen in the Oil & Gas Sector training course, the participants will be able to:
- Understand the principles of petroleum economics and energy trading.
- Apply financial concepts such as discounted cash flow, internal rate of return, and net present value in oil and gas projects.
- Evaluate different types of oil and gas contracts and fiscal regimes.
- Analyse the need for collaboration between national and international oil companies.
- Manage financial and energy risks, including geopolitical risks and uncertainties in trading energy commodities.
- Understand the principles and practices of carbon capture and environmental issues.
- Develop a positive safety culture and effective leadership and teamwork strategies.
- Enhance communication and negotiation skills to handle conflicts and global negotiations effectively.
- Gain insights into the future prospects of the global oil and gas industry.
This Advanced Management Strategies and Financial Acumen in the Oil & Gas Sector training course will be a hands-on and highly interactive stimulating learning experience, which facilitates many opportunities to advance the opinions and ideas of the delegates through active discussion. Participation is encouraged in a supportive environment that ensures the concepts introduced during the training course are understood and reinforced. This is achieved through a mix of learning methods, including lecture style presentation, open discussion and case studies.
PowerPoint presentations augmented with videos will be used through the training course and will include case studies to facilitate discussions. The delegates will be encouraged to exchange ideas.
- Working Managers, Supervisors, Engineers, Team Leaders, Safety Managers, and Senior Technicians
- Oil and Gas Managers
- Investment Bankers and Fund Managers
- Media Analysts and Commentators
- Exploration, Production and Refinery Managers of the international petroleum and natural gas industry, including the areas of and petrochemical operations
- Marketing, Law, Human Resources, Accounting, and Finance Personnel
- Anyone requiring a broad understanding of the structure, operations and economics of the oil and gas industries
Day One
- Petroleum Economics
- World Petroleum Consumption, Supply, and Prices, Prospects For The Future
- Energy Trading and Commodities
- Futures, Options, and Hedging
- A Brief History of Real Options
- Introduction to Energy Finance and Economics
- Developing and Financing Oil and Gas Projects
- Oil and Gas Accounting
- Discounted Cash Flow (DCF) and Time-value Considerations
- Apply The Present Value and Future Value Formulae (NPV)
- Inflation, Real, and Nominal (Time Value of Money)
- Internal Rate of Return (IRR)
- Hurdle Rates and Minimum Acceptable Rates of Return
Day Two: Contracts, Joint Ventures and Fiscal Regimes
- Need for Collaboration between NOC’s and IOC’s
- Oil & Gas Contracts & Types of Contracts
- Concession Agreements
- Production Sharing Agreement / Contract (PSA/PSC)
- Technical Service Contract / Agreement (TSA)
- Joint Venture and Service Agreements
- Similarities Among Fiscal Systems
- State Participation
- Signature Bonus
- Production Bonus
- Bidding For Leases
Day Three: Financial and Energy Risk Management
- Introduction to Energy Risk Management
- Risk Management and Types of Risk
- Risks in Trading Energy Commodities
- Geopolitical Risks and Opportunities
- Risk and Opportunity Analysis
- The Non-linearity and Complexity of Uncertainty
- Carbon Capture and Environmental Issues
- The Future of the Global Oil and Gas Industry
Day Four: The Evolution of a Safety Culture
- Culture and Safety
- Defining a Value System
- A New Management Safety System
- Leadership and Teamwork
- Understanding Why Employees Put Themselves at Risk
- Assessing the Organisational Culture
- Active Listening
- Nonverbal Behaviours of Communication
- Speaking Hints
- Communication and Leadership
- The Communication Process
- Barriers to Communication
- Presentation Skills
Day Five: Successful Negotiation
- Steps in Negotiation
- Negotiating Fears
- Making Choices
- Thinking Creatively
- Coping with Criticism
- Approaches to Negotiation
- Negotiating Roles
- Creative Bargaining
- BATNA is an acronym that denotes the Best Alternative To a Negotiated Agreement Relational Influence and Power
- Negotiating with Integrity
- Dealing with Aggressors and Conflict
- Negotiating Globally
- Course Summary and Roundup
