International Oil & Gas Business Management
Introduction
International Oil & Gas Business Management
Objectives
- Understand all of the value-added steps from the well to the consumer
- Gain an understanding of the ways the oil and gas industries have organized to operate effectively and efficiently
- Learn the details of gas processing
- Learn how crude oil is processed into transportation fuels
- Understand the fundamental economic calculus of both the upstream and downstream oil and gas industries
- Develop the skills necessary to evaluate opportunities and make effective decisions related to oil and gas operations
Content
- Sources, Origin and Nature of Petroleum
- Fundamentals of organic chemistry
- Definition of Petroleum
- The Oil and Gas Industry
- Basic petroleum geology
- Origins of Hydrocarbon Deposits
- Exploration activities
- Exploration Methods
- Drilling Proposal
- Types of Well
Sources, Origin and Nature of Petroleum (Contd.)
- Oil and gas field development
- Production
- Well fluids and surface production operations
- Transportation
Oil Companies, Corporate Relationships and Structures
- Operating companies and service companies
- Local, national and multi-national oil and gas companies
- Major International Oil Companies
- National Oil and Gas Companies
- Integrated and non-integrated companies
- Integrated Companies
- Non-integrated Companies
Oil Companies, Corporate Relationships and Structures (Contd.)
- Organization of Petroleum Exporting Companies (OPEC)
- Other international and multi-national organizations
- International Energy Agency (IEA)
- Production sharing agreements
Processing Operations and Economics
- Oil refining operations
- Distillation
- Product improvement processes
- Product conversion processes
- Other operations
Processing Operations and Economics (Contd.)
- Gas processing operations
- Inlet separation
- Sulfur removal and sulfur recovery
- Dehydration
- Dewpoint control and byproduct recovery
- Gas compression
- Basic economics of the oil and gas industries
Evaluation of Oil and Gas Opportunities
- Estimating the cost of oil and gas facilities
- Using historical costs
- Cost curves
- Adjusting for different sizes
- Adjusting for different time periods
Evaluation of Oil and Gas Opportunities (Contd.)
- Building cash flow models
- What is financial modeling?
- Who does Financial Modeling?
- What are the steps in building a financial model?
- Using cash flow models to evaluate projects
- Internal rate of return
- Net present value
- Benchmark indicators
Making Decisions under Conditions of Certainty and Uncertainty
- Certainty
- Risk
- Crisis problem
- Uncertainty
- The role of probability in decisions
- Mathematical modeling of business processes
Making Decisions under Conditions of Certainty and Uncertainty (Contd.)
- Making management decisions under conditions of certainty
- Optimization of the model and interpretation of results
- Making management decisions under conditions of uncertainty