Global Upstream Oil & Gas Operations
Introduction
The oil and gas business is multifaceted, technically complex, highly capital intensive, and often confronted with potential risks and uncertainties. Today's petroleum industry is dealing with ever-increasing complexity, price volatility, and competition.
This upstream oil and gas operations program aims to provide the participants with extensive exposure to the many complex management issues presently confronting the Upstream Petroleum Industry and to strengthen their understanding of how to manage business success.
Innovative technologies in oil and gas recovery are also changing the landscape of the petroleum industry. Managing international supplies, understanding financial terms, and comparing worldwide fiscal systems are critical to understanding 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 upstream oil and gas operations program is designed to achieve this goal time-efficiently.
Integrating downstream refining and petrochemicals to achieve greater efficiencies is another critical factor in this business, which will be covered in this upstream oil and gas operations training course. Participants will have a robust understanding of upstream processes, technologies, and strategies, preparing them to contribute effectively to the upstream oil and gas industry.
Targeted Groups:
- Business Development managers.
- Corporate Planning Professionals.
- Geoscience and Engineering Professionals.
- Refinery professionals.
- Supply Planners and Scheduling Professionals.
- Government regulators.
- Law professionals.
- Tax and Finance advisors.
- Auditing personnel.
- Compliance officers.
- Equity Analysts and Bankers.
- Joint Venture officers.
- Negotiators and Contracting Professionals.
- Trading professionals.
Course Objectives:
At the end of this upstream oil and gas operations course, the participants will be able to:
- Gain a broad perspective on the 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 in petroleum economics, investment analysis, risk analysis, and petroleum project evaluation.
- Evaluate Fiscal terms and conditions and compare World Fiscal systems.
- Understand all Upstream contracts – Concessionary, Production Sharing, Service, and Joint Venture Contracts.
- Discuss the technical terms, concepts, and buzzwords confidently with your peers and clients.
Course Content:
Unit 1: General Industry Overview and Basic Concepts:
- Introduction to the Oil and Gas Industry.
- Petroleum Industry Dynamics and Future Trends.
- Oil and Gas Geology.
- Oil and Gas Prospecting (Exploration).
- Drilling Operations.
Unit 2: Upstream Success Factors:
- Technological Advances.
- Well Evaluation.
- Well, Completions.
- Reservoir Depletion Mechanisms.
- Oil and Gas Surface Facilities.
- Transportation.
- Maintenance of Oil and Gas Facilities.
- Oil and Gas Reserves.
Unit 3: Profitably Managing Upstream Business:
- Oil and Gas Reserves.
- Reservoir Management.
- Crude Oil Refinery Products and Processes.
- Legal Framework of the Industry.
- Project Economics.
- Oil Price Risk Management.
Unit 4: Upstream Production Contracts and 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 and 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, and OPEC Production Scenarios.
- Profitability Indicators for the Oil and Gas Business.
- Comparison and Investment Selection Criteria.
- Corporate portfolio management and maximize returns.
- Risk and Uncertainty analysis in capital investments.
- Evaluate projects by risk-based economics.
- Fundamental Considerations in Petroleum Project Evaluation.
- Investment Decision-Making Techniques.