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

Engineering, Oil and Gas

International Petroleum Management


Introduction:

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 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.

The international petroleum management training course will provide a more efficient understanding of the international oil and gas business value chain

Targeted Groups:

  • 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

Course Objectives:

At the end of this course the participants 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

Targeted Competencies:

  • 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

Course Content:
Unit 1: Sources, Origin, and Nature of Petroleum:

  • Industry overview
  • Chemistry of fossil fuels
  • Origins of hydrocarbon deposits
  • Basic petroleum geology
  • Exploration methods & activities

Unit 2: 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

Unit 3: 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 the ultimate recovery of oil

Unit 4: 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

Unit 5: 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

Unit 6: 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
  • Concession rentals
  • Unitisation agreements
  • Royalties
  • Profit tax
  • Corporate tax
  • Ring-fencing
  • State participation
  • Signature bonus
  • Production bonus
  • Bidding for leases

Unit 7: 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

Unit 8: 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

Unit 9: 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
  • Bottlenecks and Chokepoints

Unit 10: 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