Mini MBA: Oil & Gas and Energy Management

Introduction:

Historically, crude oil overproduction has always resulted in a global oil glut and a subsequent oil price collapse. The current cycle of low oil prices is challenging the International Oil Companies (IOC’s) and National Oil Companies (NOC’s) alike, both upstream and downstream of the Oil & Gas supply chain. This course has prompted these businesses to reinvent themselves and to abandon traditional strategic planning exercises in favor of resizing, merging, or putting projects on hold and in extreme situations project cancellation, as well as laying-off personnel.

A closer look at production activities shows that although the cost of oil production may be uneconomical, the industry still needs to continue to explore and develop oil and gas projects to meet future demand.

This course provides participants with a broader understanding of the key concerns facing the petroleum industry and furnishes them with skills and knowledge to effectively identify and tackle these issues. In-depth awareness of the current advances in Oil & Gas project management techniques addressing risk management, planning and scheduling approaches, and project finance and economics will ensure a successful management of future Oil & Gas energy projects

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:

Appreciate the important issues facing the industry and the strategies to effectively address them
Gain a clear understanding of the companies that make up the petroleum industry
Learn about the geopolitical issues surrounding global Oil & Gas supply, transportation and pricing
Gain specific skills in budgeting finance and strategic planning whilst assessing the commercial viability of Oil & Gas Projects
Understand the management of resource allocation (money, time, people, technology)
Develop an understanding of how derivative markets can be utilized in risk management
Acquire an understanding and compare various international fiscal systems
Explain the nature and fundamental of Oil & Gas Projects and Project Management
Function more effectively and efficiently in today’s competitive Oil & Gas business environment
Evaluate the strategic challenges facing the industry and implications for their organization

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