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