The business of oil and gas is a multifaceted, technically complex, highly capital intensive and often confronted with potential risks and uncertainties. Today’s petroleum industry is dealing with ever increasing levels of complexity, price volatility and competition. The objective of this Certificate in Global Oil and Gas Management training course is to provide the participants with extensive exposure to the many complex management issues presently confronting the Upstream and Downstream Petroleum Industry and to strengthen their understanding to manage business successful employing latest innovative technologies.
The drop in the price of oil impacts negatively to the Upstream but enhances profitability of Downstream operations as Refinery margins improve with cheaper feedstock. Furthermore, the Integration of refining and petrochemicals to achieve greater efficiencies is yet another critical factor in the business.
Managing integrated upstream and downstream businesses with technically intensive areas such as, exploration, drilling, production, refining, petrochemicals, sales, distribution and trading of oil, gas and refined products require several cross-functional skills that are essential to this competitive industry. All these multi-functional skills and business practices are seamlessly covered in this training course.
This Energy Training Centre training course will highlight:
- The basics of Hydrocarbon Value Chain optimization from the prospect to burning tip that fuels the global economy and trade
- The essential concepts and best production practices of the international oil & gas supply, transportation, manufacturing of refined products, petrochemicals and trade in the petroleum and petrochemical industries
- Fundamentals of Fiscal terms and conditions, and comparison of World Fiscal Systems enabling participants to grasp the deep business knowledge
- Understanding of Upstream Concessionary, Production Sharing, Service and Joint Venture Contracts and Downstream Sales, Marketing, Trading Contracts that run the business of world’s largest commodity – oil
- Mastering the petroleum economics, risk analysis, and petroleum project evaluation
- Demonstration of Upstream business critical factors with “Oil Field Simulator”, and Downstream business critical factors with “Refinery Simulator”, and Market Trading tools used at the World’s Commodity Exchange Centers
- It seamlessly covers the wide-array of critical business functions, processes, and appropriately deals with the business practices and tactics to build the necessary business acumen in the Upstream and Downstream segments of the Petroleum Industry
This training course is split in two modules:
MODULE I - Certificate in Global Upstream Oil & Gas Operations
MODULE II - Certificate in Global Downstream Oil & Gas Operations
Each modules is structured and can be taken as a stand-alone training course; however, delegates with will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.
By the end of this Certificate in Global Oil and Gas Management training course, participants will learn to:
- Gain broadest perspective of the entire oil, gas and LNG business, from exploration, drilling, production, refining, petrochemicals, sales, marketing and trading
- Achieve maximum understanding of the industry to reach the highest position on the corporate ladder
- Boost your understanding of the technical and economic efficiencies gained in the Upstream and Downstream applied through new technologies
- Master the petroleum economics, investment analysis, risk analysis and petroleum project evaluation
- Evaluate Fiscal terms and conditions, and compare the World Fiscal systems to grasp deep business knowledge
- Gain understanding of Concessionary, Production Sharing, Service and Joint Venture Contracts in Upstream; and Sales, Marketing and Trading Contracts in Downstream
- Boost your understanding of the fundamentals of downstream business: refined product quality, blending & valuation of oil for trade, freight and netback calculation & refinery margins calculations, vessel chartering, pipelines & terminals, etc.
- Master the Total barrel economics, Oil market futures, hedging and futures, and price management considerations
- Evaluate the technical, commercial, legal, safety and environmental aspects of oil business
- Confidently discuss the technical terms, concepts and buzzwords with your peers and clients
This Certificate in Global Oil and Gas Management training course is designed to capture essential Petroleum Industry management skills and core competencies. This will inspire delegate participation through a combination of group discussion, practical exercises, case studies, and quizzes. It includes an extensive use of technical videos highlighting a wide array of upstream & downstream Hydrocarbon value chain additions from the initial exploration, drilling, production, refining to the sales & marketing and trading of crude, natural gas, LNG, and refined products.
Wide spectrum of this training includes Fiscal regimes in Concessionary, Production Sharing and Joint Venture Contracts; as wells as Sales and Trading Contracts, and HSE considerations to reinforce new knowledge and skills. There will be discussion of practical issues in participants organizations.
Supplementary training material, tools and techniques include the following:
- Upstream Oil & Gas Maps – Global and Regional Oil & Gas Fields, World Gas Map, Conventional & Shale Oil Fields, World LNG Map, & World Pipelines
- World Downstream Maps – Global and Regional, Oil Refineries, Oil Export Terminals, LNG Export & Import Plants, and Renewable Energy Installed Capacity
- Hands-on Review of Actual Upstream Concessionary, Production Sharing, & JV Contracts and other Documents
- Hands-on Review of Downstream Sales Contracts, Sales Documents – FOB, CIF, DES Contracts, Futures Contract, Forward Contract, SWAP, Options for Oil, Gas & Refined Products
- Price-Risk Management review through Futures Contract, Forward Contract, SWAP, Options for Oil, Gas & Refined Products
- Comparison of World Fiscal Systems – Major producers in North America, Africa, Middle East, Europe
- Technical Videos – Horizontal Drilling, Cementing & Completion, Hydraulic Fracturing, Enhanced Oil Recovery, Steam Injection, Micellar Flooding, CO2 Injection, Deep Sea Robotics, FLNG, VLCC’s etc.
- Glossary & Abbreviations in Oil & Gas Industry
- Oil & Gas Reservoir Simulator – US Department of Energy Tool to demonstrate Oil & Gas Production from a oil & gas well – Production decline time
- Refinery Simulator – Production of Naphtha, Gasoline, Diesel, Jet Fuels, Kerosene, Fuel Oil, and Asphalt. Blending to meet specifications
- Oil & Gas Market Data Trading Simulator – New York, London, Dubai & Singapore Commodity Exchanges
By sending their employees to this Certificate in Global Oil and Gas Management training course, the organization will gain a wider range of skills that participants gain and henceforth apply in their workspace that will directly benefits their respective companies:
- Offers a wider management perspective of global Upstream and Downstream businesses and highlights the success factors in each category of the several business models
- Defines how innovations in Upstream and Downstream oil & gas energy and renewables are helping to drive the global economic growth and improving the living standards around the world
- Clarifies how we can achieve these high efficiencies goals while delivering enhanced value to shareholders
- Inculcates the corporate culture of effectively dealing with the core issues, tactics and essential concepts of successfully running the global petroleum business
Each participant will be able to enhance technical knowledge and business skills of Petroleum Industry that will directly benefit his/her career growth:
- Master the core competencies of Upstream and Downstream of oil, natural gas, LNG, refined products, petrochemicals, Transportation and Pipeline operations
- Sharpen the business skills by learning those technique that improve capital productivity and operational excellence
- Understand the value chain optimization in Hydrocarbon Industry and apply at the workplace to improve stockholders value
- Be fully cognizant of success factors in oil, gas, LNG, refined products, petrochemicals operations, and how to effectively deal with price risk uncertainties and manage price risk effectively
- Hedging the risk at corporate level, business segment level and at individual transaction level
This Certificate in Global Oil and Gas Management training course is designed to train and improve the business knowledge of a wide range of professionals as follows:
- Business Development managers
- Corporate Planning professionals
- Geoscience & Engineering professionals
- Refinery professionals
- Supply Planners & Scheduling professionals
- Government regulators
- Law professionals
- Tax & Finance advisors
- Auditing personnel
- Compliance officers
- Equity analyst and Bankers
- Joint Venture officers
- Negotiators and Contracting professionals
- Trading professionals
Module 1: Certificate in Global Upstream Oil & Gas Operations
Day One: General Industry Overview & Basic Concepts
- Introduction to Oil & Gas Industry
- Petroleum Industry Dynamics & Future Trends
- Oil & Gas Geology
- Oil & Gas Prospecting (Exploration)
- Drilling Operations
Day Two: Upstream Success Factors
- Technological Advances
- Well Evaluation
- Well Completions
- Reservoir Depletion Mechanisms
- Oil & Gas Surface Facilities
- Transportation
- Maintenance of Oil & Gas Facilities
- Oil & Gas Reserves
Day Three: Profitably Managing Upstream Business
- Oil & Gas Reserves
- Reservoir Management
- Crude Oil Refinery Products & Processes
- Legal Framework of the Industry
- Project Economics
- Oil Price Risk Management
Day Four: Upstream Production Contracts & Fiscal Systems
- Relationships between Oil Companies and Host Governments
- Understanding Petroleum Fiscal Systems
- Identification of different types of fiscal terms and their application
- Concession (royalty/tax) Contracts
- Production Sharing Contracts
- Service contracts and Joint Venture Contracts
- Review & Comparison of Different Fiscal Systems in the world for Petroleum Industry
- Fiscal options and latest trends for Liquefied Natural Gas (LNG) projects
Day Five: Petroleum Economics, Risk Analysis and Project Evaluation
- Petroleum dynamics – Global, Regional & OPEC production scenarios
- Profitability indicators for oil & gas business
- Comparison and investments selection criteria
- Corporate portfolio management and maximize returns
- Risk & Uncertainty analysis in capital investments
- Evaluate projects by risk-based economics
- Fundamental Considerations in Petroleum Project Evaluation
- Investment Decision-Making Techniques
Module 2: Certificate in Global Downstream Oil & Gas Operations
Day Six: Petroleum Refining, Refined Products & Petrochemicals
- Introduction to Petroleum Downstream Industry
- Physical & Chemical properties of crude oil
- Crude oil selection criteria for refinery
- Essential of Petroleum Refining Industry
- Major refinery processes and refinery units
- Simple Hydroskimming Refinery
- Deep Conversion Coking Refinery
- Refinery Optimization
Day Seven: Global Oil Supply and Petroleum Economics
- Making Downstream connection with Upstream Industry
- Essence of International Oil Supply – Global Reserves, Production & Trade
- Fundamentals of Oil Economics
- Fundamentals of Crude Oil Transportation – Tankers and Chartering
- Basic Principles in Pricing and Overview of Markets
- Crude Oil Markets
- Global Crude Oil Supply-Demand balance, and its impact on prices
- 50-Years history of Crude Oil Pricing, and its current pricing dynamics
- Marker crudes and crude oil Benchmarks
Day Eight: Downstream Value Chain Optimization
- Essential Elements in Crude Oil Sales Contracts to Refineries
- Basic Crude Oil Refining and Advanced Refinery Upgrades
- Importance of Petrochemicals and its impact
- Refining and Petrochemicals Integration
- Value Chain Optimization and Maximizing Return on Investment
- Managing Contractual and Environmental Risks
- Pipelines, Storage and Transportation Logistics in Downstream
- Refinery Economics and Optimization of Downstream
Day Nine: Downstream Market Structures and Trading
- Introductory Concepts in Oil Trading
- Interface with retailers
- Downstream Supply Chain management
- Total Barrel Economics
- Oil Market Derivatives – Futures, Forwards, Swaps, Option
- Price Volatility Exposure and its Defensive Practices
Day Ten: Downstream Petroleum Dynamics and Risk Management
- Hedging – Risk Management
- Pricing Management
- Derivatives
- Examples of Oil & Gas Futures Contracts, Swaps, and Options
- Common mistakes by Oil & Gas Companies in Hedging
- A Guide to Developing A Corporate Fuel Risk Management Policy
- Challenges to Petroleum Industry and Trends in New Technology
