By the end of this training course, participants will learn to:
- Gain broad perspective of Upstream oil business, exploration, drilling and production
- Boost your understanding of the technical and economic efficiencies gained in the Upstream applied through new technologies
- Master the petroleum economics, investment analysis, risk analysis and petroleum project evaluation
- Evaluate Fiscal terms and conditions, and compare World Fiscal systems
- Gain understanding of all Upstream contracts – Concessionary, Production Sharing, Service and Joint Venture Contracts
- Confidently discuss the technical terms, concepts and buzzwords with your peers and clients
Who is this Training Course for?
- Business Development managers
- Corporate Planning professionals
- Geoscience & Engineering professionals
- Refinery professionals
- Supply Planners & Scheduling professionals
- Government regulators
- Law professionals
- Tax & Finance advisors
- Auditing personnel
- Compliance officers
- Equity analyst and Bankers
- Joint Venture officers
- Negotiators and Contracting professionals
- Trading professionals
Daily Agenda
Day 1: General Industry Overview & Basic Concepts
- Introduction to Oil & Gas Industry
- Petroleum Industry Dynamics & Future Trends
- Oil & Gas Geology
- Oil & Gas Prospecting (Exploration)
- Drilling Operations
Day 2: Upstream Success Factors
- Technological Advances
- Well Evaluation
- Well Completions
- Reservoir Depletion Mechanisms
- Oil & Gas Surface Facilities
- Transportation
- Maintenance of Oil & Gas Facilities
- Oil & Gas Reserves
Day 3: Profitably Managing Upstream Business
- Oil & Gas Reserves
- Reservoir Management
- Crude Oil Refinery Products & Processes
- Legal Framework of the Industry
- Project Economics
- Oil Price Risk Management
Day 4: Upstream Production Contracts & 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 & Comparison of Different Fiscal Systems in the world for Petroleum Industry
- Fiscal options and latest trends for Liquefied Natural Gas (LNG) projects
Day 5: Petroleum Economics, Risk Analysis and Project Evaluation
- Petroleum dynamics – Global, Regional & OPEC production scenarios
- Profitability indicators for oil & gas business
- Comparison and investments selection criteria
- Corporate portfolio management and maximize returns
- Risk & Uncertainty analysis in capital investments
- Evaluate projects by risk-based economics
- Fundamental Considerations in Petroleum Project Evaluation
- Investment Decision-Making Techniques