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Essential Skills for Oil and Gas Professionals Management Course

Introduction

Essential Skills for Oil and Gas Professionals Management Course

Course Objectives:

At the end of this essential oil and gas management skills course, the participants will be able to:

• Build knowledge as to the nature and challenges facing the oil and gas industry.
• Understand the key players and commercial drivers.
• Examine the industry structure with specific emphasis on the complete value chain.
• Understand framing agreements, including joint ventures and production-sharing contracts.
• Examine the importance of effective project planning and execution, including risk management and earned value management analysis.

Targeted:

• Oil and Gas Professionals.
• Senior and Middle Managers.
• Accountants and Finance Professionals are responsible for financial accounting, treasury, internal audit, budget preparation, and management reporting.
• HR, Contracting and Procurement, and IT Professionals.
• Line managers with strategic planning and operational budgeting responsibility.
• New entrants are seeking the oil and gas industry.
• Professional Advisers and Business Consultants.

Course Content:

Unit 1: The Oil and Gas Industry Commercial Drivers - Overview:

• Understand the nature of the oil and gas industry.
• Upstream, midstream, and downstream operations.
• Learn about exploration, evaluation production, and reserve estimates.
• Structures and business models - Lifting and production costs.
• Understand strategic challenges and opportunities facing the industry's key players.

Unit 2: Oil and Gas Exploration and Production Arrangements:

• IOC's and NOC's fiscal agreements and contracting strategies for the oil and gas industries.
• Reward structures and options.
• Understand the critical role of oil and gas project management training in enhancing industry efficiency.
• Front-end loading - Hot spots and challenges.
• Capital project planning and execution.
• Implement a practical project control framework.

Unit 3: Oil and Gas Project Economics, Cost and Estimation:

• Evaluate project opportunities.
• Understand the cash-flow analysis and time value of money.
• Learn about crucial profitability indicators NPV, IRR, UTC, and Payback.
• Calculate a discounted cash flow.
• What is a cost estimate, and what factors influence an estimate?
• Earn value management analysis for measuring project performance and reporting.

Unit 4: Risk Management Application:

• What is risk management, and why is it essential?
• Risk management as applied to capital projects.
• Specify objectives and identify project uncertainties.
• Technical and non-technical risks.
• Risk register review and analysis.
• Stakeholder identification and mapping.

Unit 5: Oil and Gas Capstone:

• Case study to understand The shale gas revolution in the United States.
• Impact of shale gas on the world oil and gas stage.
• Understand the geopolitics of oil and gas pricing.