The business of oil and gas is 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 Upstream Oil & Gas Operations training course is to provide the participants with extensive exposure to the many complex management issues presently confronting the Upstream Petroleum Industry and to strengthen their understanding to manage business successful.
The innovative technologies in the recovery of oil and gas are also changing the landscape of petroleum industry. Managing international supplies, understanding of fiscal terms and comparison of worldwide fiscal systems is critical to understanding of Upstream production sharing and joint venture contracts.
Risk Analysis of Upstream Projects, Project Evaluation and investment decision-making, require several cross-functional skills that are seamless presented and explained with case studied in this program. To achieve maximum effectiveness, managers and professionals must continually expand their business knowledge and sharpen their skills. This training course is designed to achieve this goal in a time efficient manner.
Integration of Downstream Refining and Petrochemicals to achieve greater efficiencies is yet another critical factor in this business which will be covered in this training course.
This Energy Training Centre training course will highlight:
- The basics of oil and gas exploration, production, and its recovery economics to fully understand this global business that fuels the global economy
- The essential concepts and best production practices of the international oil & gas supply, transportation and trade in oil and gas industry
- Fundamentals of Fiscal terms and conditions, and comparison of World Fiscal Systems
- Upstream Concessionary, Production Sharing, Service and Joint Venture Contracts in oil, gas and LNG production
- Fundamentals of petroleum economics and investment evaluation
- 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 Competitive and low-price environment
By the end of this Certificate in Global Upstream Oil & Gas Operations training course, participants will learn to:
- Gain broad perspective of Upstream oil business, exploration, drilling and production
- Boost your understanding of the technical and economic efficiencies gained in the Upstream applied through new technologies
- Master the petroleum economics, investment analysis, risk analysis and petroleum project evaluation
- Evaluate Fiscal terms and conditions, and compare World Fiscal systems
- Gain understanding of all Upstream contracts – Concessionary, Production Sharing, Service and Joint Venture Contracts
- Confidently discuss the technical terms, concepts and buzzwords with your peers and clients
This Certificate in Global Upstream Oil & Gas Operations training course is designed to encourage delegate participation through a combination of group discussion, practical exercises case studies, quizzes and an extensive use of short videos highlighting the Upstream oil, gas, and LNG operations, environmental and safety considerations to reinforce new knowledge and skills, and discussion of practical issues in their organizations.
Supplementary training material and techniques offered are as follows:
- Upstream Oil & Gas Maps – Global and Regional Oil & Gas Fields, World Gas Map, Conventional & Shale Oil Fields, World LNG Map, World Pipelines,
- Hands-on Review of Actual Upstream Concessionary, Production Sharing, & JV Contracts and other Documents
- 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 an oil & gas well – Production decline time
- Oil & Gas Market Data Trading Simulator – New York, London, Dubai & Singapore Commodity Exchanges
By sending their employees to this Certificate in Global Upstream Oil & Gas Operations training course, the organization will gain a wider range of skills that participants gain and henceforth apply in their work-space that will directly benefits their respective companies:
- Offers a wider management perspective of global Upstream business and highlights the success factors in each category of several business models
- Defines how innovations in Upstream oil & gas energy and renewables are helping to drive economic growth and improve living standards around the world
- Clarifies how we can achieve these high efficiencies goals while delivering 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 oil, natural gas, & LNG Industry
- 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 Industry, and how to deal with price risk uncertainties
- Hedging the risk at corporate level, business segment level and at individual transaction level
This Certificate in Global Upstream Oil & Gas Operations 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
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
