Master Certificate in International Oil and Gas Management
Why Choose this Training Course
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 accelerated 2-weeks training 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.
The delegates will also learn:
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
Crude oil and gas supply, transportation, marketing, trading and storage
Energy economics, project evaluation and decision-making skills.
What are the Goals?
To provide delegates with the understanding, knowledge and strategies that oil & gas management must make for success. By the end of this training course, 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
Who is this Training Course for?
This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:
Corporate Planners
Senior oil and gas managers
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
How will this Training Course be Presented?
This hands-on training is a highly interactive stimulating learning experience, with opportunities to advance the opinions and ideas of the delegates. Participation is encouraged in a supportive environment that ensures the concepts introduced during the course are understood and reinforced. This is achieved through a mix of learning methods, including lecture style presentation, open discussion and case studies.
PowerPoint slides and videos will be used through the training course and will be augmented by business case studies and facilitated discussions. The delegates will be engaged and encouraged to exchange ideas. Short videos will also be used to reinforce specific technical and operational points and to relate the material to real-world experience.
Daily Agenda
DAY ONE: SOURCES, ORIGIN AND NATURE OF PETROLEUM
Introduction
Industry Overview
Chemistry of Fossil Fuels
Origins of Hydrocarbon deposits
Basic Petroleum Geology
Exploration Methods & Activities
DAY TWO: WELL EVALUATIONS & DRILLING OPERATIONS & RESERVOIR MANAGEMENT
Types of wells
Well Evaluations
Drilling Operations
Well Completions
Oil and Gas Reserve Estimates
Volumetric Calculations– Original Oil & Gas In-Place
Reservoir Depletion Mechanisms
Declining Curve Analysis
Case Study: Oil Reserves Estimation
DAY THREE: 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 ultimate recovery of oil
DAY FOUR: 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
Case study: Oil and Gas Field Development Economic Evaluation
DAY FIVE: 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
DAY SIX: 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 rentals
Unitization agreements
Royalties
Profit tax
Corporate tax
Ring fencing
State participation
Signature bonus
Production bonus
Bidding for leases
DAY SEVEN: 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
DAY EIGHT: 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
Case Study: Netback pricing calculation
DAY NINE: 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
Bottle necks and Chokepoints
DAY TEN: 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
Course Summary
