Oil and gas are considered among the world's most critical resources and therefore play a pivotal role in driving the global economy. The exploration, production, refining, and distribution of oil and gas involve the most complex and capital-intensive processes and require state-of-the-art technology.
This 10-day International Petroleum Management training course has been designed to enable participants to learn more about oil & gas production technologies, the chemistry of petroleum and the refining processes, the oil & gas exports and imports business, and best business practices.
This training course will provide a more efficient understanding of the international oil and gas business value chain.
Through this Energy Training Centre training course, delegates will also learn:
- The critical success factors of oil & gas operations – Seismic, wireline services, drilling, fracturing, well completion, production and processing for export
- Recoveries through the primary, secondary and enhanced oil recovery techniques
- Shale oil and gas production potential in different regions of the world
- Renewable energy sources and their comparative costs
- Energy economics, project evaluation and decision-making skills
- Crude oil and gas supply, transportation, marketing, trading and storage
To provide delegates with the understanding, knowledge and strategies that oil & gas management must make for success.
By the end of this 10-Day International Petroleum Management training course, delegates will be able to:
- Have an understanding of the ways the oil & gas and energy industries have organized to operate effectively and efficiently
- Recognize the latest Game-changing technologies – seismic, well logging, horizontal drilling, fracking, gas to liquid, etc.
- Distinguish the renewable sources of energy and the future trends in Solar, Wind, Wave, Hydro, Geothermal, Nuclear, and the methodology to compare the costs of energy of each source
- Understand the benefits of integrating refineries with petrochemicals
- Gain an understanding of the ways the oil and gas industries have organized to operate effectively and efficiently
This 10-Day International Petroleum Management training course is a highly interactive stimulating learning experience, with opportunities to advance the opinions and ideas of the delegates. 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 slides and videos will be used during the training course and will be augmented by business case studies and facilitated discussions. The delegates will be engaged and encouraged to exchange ideas. Short videos will also be used to reinforce specific technical and operational points and to relate the material to real-world experience.
- Corporate Planners
- Senior Oil and Gas Managers
- Earth Scientists and Engineers
- Investment Bankers and Fund Managers
- Investment Analysts
- Media Analysts and Commentators
- Government Agencies - Regulators
- Anyone requiring a broad understanding of the structure, operations and economics of the oil and gas industries
Day One: Sources, Origin and Nature of Petroleum
- Introduction
- Industry Overview
- Chemistry of Fossil Fuels
- Origins of Hydrocarbon Deposits
- Basic Petroleum Geology
- Exploration Methods & Activities
Day Two: Well Evaluations & Drilling Operations & Reservoir Management
- Types of Wells
- Well Evaluations
- Drilling Operations
- Well Completions
- Oil & Gas Reserve Estimates
- Volumetric Calculations – Original Oil & Gas In-Place
- Reservoir Depletion Mechanisms
- Declining Curve Analyses
- Oil Reserves Estimation
Day Three: Conventional & Unconventional Production
- Unconventional Oil & Gas
- Shale Oil & Gas, Tight Gas, and Heavy Oil Recovery
- Oil Recovery Methods
- Primary, Secondary and Tertiary
- Enhanced Oil Recovery Techniques
- Reservoir Management – Maximize ultimate recovery of oil
Day Four: New Oil & Gas Field Development and Economic Evaluation
- Typical Decision Yardsticks
- Petroleum Economics Analysis
- Net Present Value
- Internal Rate of Return
- Profitability Index
- Unit Tech Cost
- Economic Limit
- Oil and Gas Field Development Economic Evaluation
Day Five: Oil & Gas Contracts & Joint Ventures
- Need for Collaboration between Parties – NOC’s and IOC’s
- Alignment of Interests
- Oil & Gas Contracts
- Types of Contracts
- Concession Agreements
- Production Sharing Agreement / Contract (PSA / PSC)
- Technical Service Contract / Agreement (TSA)
- Joint Venture and Service Agreements
Day Six: Petroleum Fiscal Regimes
- Comparison of Fiscal Regimes
- Auction Theory and Methods
- Similarities among Fiscal Systems
- Accounting Aspects of Fiscal Systems
- Division of Revenues and Profits
- Concession and Concession Rentals
- Unitisation Agreements
- Royalties / Profit Tax / Corporate Tax
- Ring Fencing
- State Participation
- Signature Bonus / Production Bonus
- Bidding for Leases
Day Seven: The Chemistry of Petroleum and the Refining Processes
- Crude and Product Quality
- Crude oil Refining Operations
- Crude Oil Fractions
- Crude Oil Refinery Products & Processes
- Refinery Configurations - separation, conversion and treatment
- Refining Complexity
- Pipelines
- Storage
- Treatment & Blending
- Utilities
Day Eight: Refining Economics – Environmental Aspects
- Refinery Economics
- Benefits of Integrating with Petrochemicals
- Global Oil Reserves, Production & Trade Movements
- Crude Oil and Refining Gross Product Worth (GPW)
- Freight
- Netback and Refining Margin
- Vessel Chartering
- Environmental Aspects
- Netback Pricing Calculation
Day Nine: Oil & Gas Exports and Imports Business
- Organization of Petroleum Exporting Companies (OPEC)
- Other International and Multi-national Organizations
- International Energy Agency (IEA)
- Oil Markets – Crude Pricing Regimes
- Transportation Logistics – Pipelines, Terminals and Storage
- Crude Oil Tankers
- World’s Major Pipelines
- World’s Major Terminals, Refineries
- Transportation Logistics – Losses
- Bottle necks and Chokepoints
Day Ten: Pricing, Trading, Markets, Risk Management
- Crude oil Benchmarks
- Crude Price Assessment
- Oil Trading
- Total Barrel Economics
- Oil Markets – Futures
- Exposure – Price
- Hedging – Risk Management
- Pricing Management Considerations
- Derivatives
