Cambridge
Academy
In London
Course Description
Course Duration: Five Training Days
Course Language: Arabic or English
Include:
Scientific material with TAB
Workshops
Reception and farewell at the airport
Daily lunch
Coffee Break
Introduction:
The oil and gas industry is multidimensional, technically challenging, capital-intensive, and frequently faced with unknowns and hazards. The complexity, price volatility, and competitiveness facing the petroleum business today are all on the rise. This course's main goals are to expose participants to a wide range of complex management issues that the upstream and downstream petroleum industries are currently dealing with and to improve their comprehension of how to successfully manage a business while utilizing cutting-edge innovative technologies.
Oil's price decline has a detrimental effect on upstream operations, but it improves the profitability of downstream activities since cheaper feedstock increases refinery profits. Another crucial aspect of the company is the integration of petrochemicals and refining to obtain higher efficiency.
Managing integrated Upstream and Downstream businesses with technically intensive areas such as, exploration, drilling, production, refining, petrochemicals, sales, distribution, and trading of oil, gas and refined products require several cross-functional skills that are essential to this competitive industry. All these multi-functional skills and business practices are seamlessly covered in this training course
Targeted Groups:
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
Course Objectives:
At the end of this course the participants will be able to:
Gain the broadest perspective of the entire oil, gas and LNG business, from exploration, drilling, production, refining, petrochemicals, sales, marketing, and trading
Achieve maximum understanding of the industry to reach the highest position on the corporate ladder
Boost their understanding of the technical and economic efficiencies gained in the Upstream and Downstream applied through new technologies
Master the petroleum economics, investment analysis, risk analysis, and petroleum project evaluation
Evaluate Fiscal terms and conditions, and compare the World Fiscal systems to grasp deep business knowledge
Gain understanding of Concessionary, Production Sharing, Service and Joint Venture Contracts in Upstream; and Sales, Marketing and Trading Contracts in Downstream
Boost their understanding of the fundamentals of downstream business: refined product quality, blending & valuation of oil for trade, freight and netback calculation & refinery margins calculations, vessel chartering, pipelines & terminals, etc.
Master the Total barrel economics, Oil market futures, hedging and futures, and price management considerations
Evaluate the technical, commercial, legal, safety and environmental aspects of the oil business
Discuss the technical terms, concepts and buzzwords with their peers and clients confidently
Targeted Competencies:
The basics of Hydrocarbon Value Chain optimization from the prospect to burning tip that fuels the global economy and trade
The essential concepts and best production practices of the international oil & gas supply, transportation, manufacturing of refined products, petrochemicals and trade in the petroleum and petrochemical industries
Fundamentals of Fiscal terms and conditions, and comparison of World Fiscal Systems enabling participants to grasp the deep business knowledge
Understanding of Upstream Concessionary, Production Sharing, Service and Joint Venture Contracts and Downstream Sales, Marketing, Trading Contracts that run the business of world’s largest commodity – oil
Mastering the petroleum economics, risk analysis, and petroleum project evaluation
Demonstration of Upstream business-critical factors with “Oil Field Simulator”, and Downstream business-critical factors with “Refinery Simulator”, and Market Trading tools used at the World’s Commodity Exchange Centers
It seamlessly covers the wide array of critical business functions, processes, and appropriately deals with the business practices and tactics to build the necessary business acumen in the Upstream and Downstream segments of the Petroleum Industry
Course Content:
Unit 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
Unit 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
Unit 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
Unit 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 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 & 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
Unit 6: Petroleum Refining, Refined Products & Petrochemicals:
Introduction to Petroleum Downstream Industry
Physical & Chemical properties of crude oil
Crude oil selection criteria for refinery
Essential of Petroleum Refining Industry
Major refinery processes and refinery units
Simple Hydro skimming Refinery
Deep Conversion Coking Refinery
Refinery Optimization
Unit 7: Global Oil Supply and Petroleum Economics:
Making Downstream connection with Upstream Industry
Essence of International Oil Supply – Global Reserves, Production & Trade
Fundamentals of Oil Economics
Fundamentals of Crude Oil Transportation – Tankers and Chartering
Basic Principles in Pricing and Overview of Markets
Crude Oil Markets
Global Crude Oil Supply-Demand balance, and its impact on prices
50-Years history of Crude Oil Pricing, and its current pricing dynamics
Marker crudes and crude oil Benchmarks
Unit 8: Downstream Value Chain Optimization:
Essential Elements in Crude Oil Sales Contracts to Refineries
Basic Crude Oil Refining and Advanced Refinery Upgrades
Importance of Petrochemicals and its impact
Refining and Petrochemicals Integration
Value Chain Optimization and Maximizing Return on Investment
Managing Contractual and Environmental Risks
Pipelines, Storage and Transportation Logistics in Downstream
Refinery Economics and Optimization of Downstream
Unit 9: Downstream Market Structures and Trading:
Introductory Concepts in Oil Trading
Interface with retailers
Downstream Supply Chain management
Total Barrel Economics
Oil Market Derivatives – Futures, Forwards, Swaps, Option
Price Volatility Exposure and its Defensive Practices
Unit 10: Downstream Petroleum Dynamics and Risk Management:
Hedging – Risk Management
Pricing Management
Derivatives
Examples of Oil & Gas Futures Contracts, Swaps, and Options
Common mistakes by Oil & Gas Companies in Hedging
A Guide to Developing A Corporate Fuel Risk Management Policy
Challenges to Petroleum Industry and Trends in New Technology