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Oil and Gas Field Operations (Upstream)

Introduction

Oil and Gas Field Operations (Upstream)

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.

Targeted :

• 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.