Istanbul-Turkey: +905395991206 - Amman-Jordan: +962785666966 - London (UK): +447481362802

Engineering, Oil and Gas Courses

The 5-Day Oil and Gas Mini Master


In today’s climate of economic turmoil, price volatility and market uncertainty, and with globalism making our lives more interconnected and complicated, it is increasingly necessary for companies to identify and develop managers with a broad understanding of the issues facing the international oil and gas industries and with the skills necessary to manage effectively over a wide range of operations. This program is designed to provide managers with the necessary skills and knowledge and to prepare them for more senior responsibilities within their organizations

Targeted Groups:

  • Business Development Professionals
  • Corporate Planners, Investment Analysts, Oil & Gas Directors who would appreciate the gist of a full Oil & Gas energy MBA study program
  • More senior Oil & Gas executives intrigued by the concepts of an MBA but lacking the time for a full MBA
  • Managers in the Oil & Gas energy sector that want a ‘taster’ to see if a full MBA might be for them
  • Professionals who have already done a generic MBA but want to relate those processes to the Oil & Gas industries
  • Managers in industries and professions supplying or serving the industry who would like a deeper understanding of oil and gas, e.g. bankers, lawyers, analysts, service majors, etc.
  • Project managers, Engineers, Supply Planners & Scheduling Professional

Course Objectives:

At the end of this course the participants will be able to:

  • Gain a broad understanding of the petroleum industry and the companies that make up this industry
  • Learn about the important issues facing our industry and strategies used to address these issues
  • Gain specific skills in strategic planning, setting goals, budgeting, and finance
  • Learn the characteristics of an effective leader and understand how leaders motivate, delegate and inspire
  • Understand how projects are organized and managed
  • Understand the management and allocation of resources (money, time, people, tools and technology)
  • Gain skills in managing project costs
  • Deal with project risks through finance and project execution strategies
  • Make effective management decisions using deterministic and probabilistic models
  • Compare international legal systems
  • Learn how to work with international contract law and understand methods of dispute resolution
  • Learn about the legal issues surrounding global supply and transportation

Targeted Competencies:

  • The Importance of highlighting success factors in each category of energy business models
  • Effective clarification of core issues, tactics, and concepts in the Oil & Gas sector
  • The application of a wider management perspective in the global Oil & Gas business
  • Detailed Risk Management practices in the Oil and Gas Industries
  • Discussions on applications of project management in an Oil & Gas environment
  • An understanding of how the expectation for Oil & Gas demand will shape the industry in the future
  • Personnel sufficiently skilled and competent to comprehend and weather cycles of low oil prices

Course Content:

Unit 1: Oil Industry Overview:

  • Origin, source and nature of hydrocarbons
  • Exploration – how hydrocarbons are found
  • Production operations
  • Field processing operations
  • Transportation of crude oil
  • Downstream processing
  • Marketing
  • Economics

Unit 2: Oil Companies, Corporate Relationships, and Structures:

  • Operating companies and service companies
  • Local, national and multi-national oil companies
  • Integrated and non-integrated companies
  • Production sharing agreements
  • Organization for Petroleum Exporting Countries (OPEC)
  • Issues facing the oil industry

Unit 3: Strategic Planning - Creating a Business Model:

  • Strategic planning
  • Corporate culture
  • Corporate mission statements
  • Vision and values
  • Communicating the mission and the business model to stakeholders
  • Achieving stakeholder alignment

Unit 4: Budgeting and Finance:

  • Implementing strategies through financial planning and budgeting
  • Example of capital budgeting through peer groups
  • Understanding corporate cash flow and project financing
  • Evaluating capital projects by cash flow analysis

Unit 5: Management and Leadership:

  • Characteristics of an effective leader
  • Team building and employee empowerment

Unit 6: Project Management:

  • PMI’s definitions and list of key skills
  • PMI’s knowledge areas
  • How projects are organized and how a leader motivates, delegates and inspires
  • The project charter and critical objectives
  • Managing available resources (finances, time, people, tools and technology)
  • Fundamentals of cost and time management and project quality control
  • Managing project risk
  • Project communications

Unit 7: Fundamentals of Project Contro:

  • The Scope of Work
  • Work Breakdown Structure (WBS)
  • The WBS as the basis for estimate development and cost control activities
  • WBS as the basis for planning and scheduling
  • The project execution cycle

Unit 8: Cost Management, Planning and Scheduling, Quality Management:

  • Scope development and estimate bases
  • Estimates and budgets, the concept of contingency
  • Estimates and probability
  • Project cost control and change management
  • Scope changes and cost trends
  • Project schedule control
  • Quality management

Unit 9: Management Decision Strategies and Algorithms:

  • The role of probability in decisions
  • Mathematical modeling of business processes
  • Making management decisions under conditions of uncertainty
  • Making management decisions under conditions of certainty
  • Optimization of mathematical models and interpretation of results

Unit 10: International Business Law:

  • Comparative legal systems
  • International contract law
  • The concept of legal jurisdiction
  • Dispute resolution methods and resources
  • Global supply and transportation, title and liability issues

Engineering, Oil and Gas Courses
The 5-Day Oil and Gas Mini Master (EO6015)


Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.

Istanbul Office (Turkey) +905395991206

London (UK) +447481362802

Amman (Jordan) +962785666966