Introduction:
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 program 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 success.
The innovative technologies in the recovery of oil and gas are also changing the landscape of the petroleum industry. Managing international supplies, understanding of financial terms, and comparison of worldwide fiscal systems is critical to the understanding of Upstream production sharing and joint venture contracts.
To achieve maximum effectiveness, managers and professionals must continually expand their business knowledge and sharpen their skills. This program 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 course
Targeted Groups:
- 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
Course Objectives:
At the end of this course the participants will be able to:
- Gain a broad perspective of Upstream oil business, exploration, drilling and production
- Boost their 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 an understanding of all Upstream contracts – Concessionary, Production Sharing, Service and Joint Venture Contracts
- Discuss the technical terms, concepts and buzzwords with your peers and clients confidently
Targeted Competencies:
- 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 the 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
Course Content:
Unit 1: General Industry Overview & Basic Concepts:
- Introduction to Oil & Gas Industry
- Petroleum Industry Dynamics & Future Trends
- Oil & Gas Geology
- Oil & Gas Prospecting (Exploration)
- Drilling Operations
Unit 2: 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
Unit 3: 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
Unit 4: 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 the Petroleum Industry
- Fiscal options and latest trends for Liquefied Natural Gas (LNG) projects
Unit 5: 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
