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Managing Oil & Gas Production Business

Dates Venues Register
11/10/2026 - 15/10/2026 KUALA LUMPUR

Introduction

Managing Oil & Gas Production Business

Objectives

At the end of this Managing Oil & Gas Production Business training course, you will learn to:

  • Understand the value chain of the oil and gas industry.
  • Understand how to operate efficiently your oil and gas fields
  • Understand the upstream petroleum economy.
  • Evaluate the different opportunities and make effective decisions related to Oil and Gas operations
  • Understand the different oil and gas production contracts and the effect of them on operations

Who should Attend?

It is designed for all personnel in the oil and gas industry, or associated industries needing to improve their knowledge and understanding of managing the oil and gas production business.

This GLOBAL FRANCHISE Managing Oil & Gas Production Business training course is suitable for a wide range of professionals but will greatly benefit:

  • Managers and Government Officials
  • Petroleum economists
  • Businessmen and financiers
  • Reservoir and Production Engineers
  • Energy industry journalists and reporters
  • Planning and Development Analysts/Executives
  • Commercial Analysts/Executive/Managers
 
Course Outline
Day 1

Oil and Gas Industry Value Chain

  • Characteristics of upstream oil and gas business
  • Phases of upstream oil and gas operations
  • Challenges in upstream operations
  • Oil & gas reserves, production, consumption & trade
  • The role of the integrated professional team in managing the business
Day 2

Petroleum Economics

  • Net cash flow: Definitions, gross revenue, capital costs, operating costs, abandonment costs, and government take
  • Economic life reserves, abandonment
  • Profit income tax and loss carry forward
  • Sunk costs
  • Inflation
  • Economic indicators, NPV, IRR, CPI, and payout time.
Day 3

Petroleum Contracts

  • Principal licensing and contractual arrangements
  • The modern concession contracts
  • The production sharing contracts
  • Participation agreements and joint operation agreements (JOA)
  • Service contracts, pure service contracts, risk service contracts
  • Financing in the international oil & gas industry
  • Comparative analysis of the different contract forms
Day 4

Decision-Making in the Oil and Gas Industry

  • Decision tree analysis
  • Value of information
  • Exploration drilling decisions
  • Production decisions
  • Making management decisions under conditions of certainty
Day 5

Risk Analysis

  • Uncertainty in oil and gas projects
  • Risk-free return
  • Risk of the proposed project
  • Treatment of risks in project appraisal
  • Sensitivity analysis
  • Portfolio analysis
  • Hedging – risk management

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