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5-Day Training Course

Managing Oil & Gas Production Business

Improving the Performance of Oil & Gas Production Business

Course Overview

This Managing Oil & Gas Production Business training course will provide the key learning points to improve the efficiency of the oil and gas production business. The Oil & Gas industry has a very important role in the global economy and is the main source of income for many governments. The Oil and Gas industry is characterized as capital-intensive, highly risk, and requires state-of-the-art technology.

With the current crisis in energy worldwide, challenges related to climate change, alternative energies, and energy substitutions, there is a bad need to improve the efficiency of the oil and gas projects by professionals who have a wide-ranging and extensive understanding of the Oil and Gas industry, including economics evaluation and decision-making skills.

This Energy Training Centre training course will highlight:

  • Upstream Oil and Gas Life Cycle
  • Cost Management in oil and Gas Projects
  • Petroleum Economics
  • Oil and Gas Production Contracts
  • Decision Making in the Oil and Gas Industry

Course Objectives

At the end of this Managing Oil & Gas Production Business training course, you will learn to:

  • Understand the value chain of the oil and gas industry
  • Understand how to operate efficiently your oil and gas fields
  • Understand the upstream petroleum economy
  • Evaluate the different opportunities and make effective decisions related to Oil and Gas operations
  • Understand the different oil and gas production contracts and the effect of them on operations

Training Methodology

Delegates to this Managing Oil & Gas Production Business training course will receive a comprehensive understanding of the subjects covered by the training course outline with the instructor applying a variety of proven teaching and facilitation techniques. Training course methodology includes PowerPoint presentations, hands-on examples on Excel Software, case studies as well as active discussions.

Who Should Attend

It is designed for all personnel in the oil and gas industry, or associated industries needing to improve their knowledge and understanding of managing the oil and gas production business.

This Managing Oil & Gas Production Business training course is suitable for a wide range of professionals but will greatly benefit:

  • Managers and Government Officials
  • Petroleum economists
  • Businessmen and financiers
  • Reservoir and Production Engineers
  • Energy industry journalists and reporters
  • Planning and Development Analysts/Executives
  • Commercial Analysts/Executive/Managers

Course Curriculum

  • Characteristics of upstream oil and gas business
  • Phases of upstream oil and gas operations
  • Challenges in upstream operations
  • Oil & gas reserves, production, consumption & trade
  • The role of the integrated professional team in managing the business
  • Net cash flow: Definitions, gross revenue, capital costs, operating costs, abandonment costs, and government take
  • Economic life reserves, abandonment
  • Profit income tax and loss carry forward
  • Sunk costs
  • Inflation
  • Economic indicators, NPV, IRR, CPI, and payout time
  • Principal licensing and contractual arrangements
  • The modern concession contracts
  • The production sharing contracts
  • Participation agreements and joint operation agreements (JOA)
  • Service contracts, pure service contracts, risk service contracts
  • Financing in the international oil & gas industry
  • Comparative analysis of the different contract forms
  • Decision tree analysis
  • Value of information
  • Exploration drilling decisions
  • Production decisions
  • Making management decisions under conditions of certainty
  • Uncertainty in oil and gas projects
  • Risk-free return
  • Risk of the proposed project
  • Treatment of risks in project appraisal
  • Sensitivity analysis
  • Portfolio analysis
  • Hedging – risk management

Certificates Awarded

Certificate of Completion

After successfully completing this training course, participants will be awarded The Energy Training Centre Certificate of Completion — a respected validation of their dedication to continuous learning and professional excellence. This certificate signifies that participants have gained the essential knowledge and skills required to make a measurable impact in their field.

Upcoming Sessions
Amsterdam, The Netherlands
Geneva, Switzerland
Dubai, UAE
Abu Dhabi, UAE
Amsterdam, The Netherlands

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Frequently Asked Questions

Our training courses are conducted at partnered hotels located within the specified training areas. Please note that venue assignments may vary based on availability. For the most current information, do not hesitate to contact us at [email protected].

Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.

Please contact us at [email protected] to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.

Upon successful completion of the training course, you will receive The Energy Training Centre Certificate of Completion with corresponding learning hours.

Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at [email protected]

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

Upon receiving your registration details, either via email at [email protected] or through our online registration form, we will send you the following by email within 24-48 hours of registration.

  • Joining Instructions
  • Invoice/receipt (where appropriate)

There are two convenient options to register for a training course:

  • Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
  • Email Registration – You can email us your intention to register at [email protected]. Our team will guide you through the registration process and provide assistance you may need.

We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggest a suitable course timing for all.

Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.

Our training courses span across diverse industries, encompassing sectors such as but not limited to:

  • Power & Utilities
  • Oil & Gas
  • Financial Institutions
  • Government and Regulatory bodies
  • Manufacturing & Production Industry

Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.

Yes, The Energy Training Centre is certified and recognized by several prominent industry standards. Specifically, it holds certifications from ILM, Continuing Professional Development (CPD), and the Project Management Institute (PMI).

  • ILM (ID# 002398B) – This certification indicates that our training programmes meet high standards for leadership and management development, ensuring that they are designed to enhance participants’ skills in these critical areas.
  • Continuing Professional Development (CPD) – Our recognition by CPD reflects our commitment to providing educational opportunities that support ongoing professional growth and skill enhancement. This accreditation ensures that our training courses are relevant and effective for professionals seeking to advance their careers.
  • Project Management Institute (PMI) – Being recognized by PMI signifies that our training programmes align with industry best practices in project management. This certification assures participants that our offerings are in line with the standards required for effective project management and are valuable for those pursuing or maintaining PMI credentials.

These certifications underscore our dedication to providing high-quality, industry-relevant training that fosters professional growth and meets established standards. Additionally, we are actively pursuing further certifications and affiliations to enhance our offerings and ensure we remain at the forefront of industry best practices.

About Energy Training Centre

Energy Training Centre is a leading provider of professional development programs for the energy and public sectors. With over 15 years of experience, we have trained more than 50,000 professionals across the Middle East and beyond.

Our expert-led courses are designed to meet the evolving needs of modern organizations, combining theoretical knowledge with practical applications that deliver immediate value to your career and organization.

50K+
Professionals Trained
15+
Years of Experience
About Energy Training Centre

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