Cambridge
Academy
In London

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

Course Objectives

By the end of this course, participants will be able to:

·        Gain a comprehensive overview of the oil, gas, and LNG sector, from exploration and drilling to production, refining, petrochemicals, sales, marketing, and trading.

·        Achieve a deep understanding of the sector to reach the highest levels of career advancement.

·        Enhance their understanding of the technical and economic competencies acquired in the exploration, production, refining, and marketing sectors, applied through modern technologies.

·        Master petroleum economics, investment analysis, risk analysis, and petroleum project evaluation.

·        Evaluate tax terms and conditions and compare global tax systems to gain in-depth business knowledge.

·        Understand concession agreements, production sharing agreements, service agreements, and joint ventures in the exploration and production sector, and sales, marketing, and trading agreements in the refining and distribution sector. They will also enhance their understanding of the fundamentals of refining and distribution, including refined product quality, oil blending and trading evaluation, calculating shipping costs and net revenue, calculating refinery profit margins, vessel chartering, pipeline and terminal operations, etc. Mastering the economics of a barrel of oil, oil futures contracts, hedging and futures, and price management considerations. Evaluating the technical, commercial, legal, safety, and environmental aspects of the oil business. Confidently discussing common terms, concepts, and vocabulary with colleagues and clients.

Target Audience

This course is designed 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

Course Outlines

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 the 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

Day 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

Day 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

Day 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

Day 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

Day 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