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 business of oil and gas is multifaceted, technically complex, highly capital intensive, and often confronted with potential risks and uncertainties. Today’s petroleum industry is dealing with ever-increasing levels of complexity, price volatility, and competition. The objective of this program is to provide the participants with extensive exposure to the many complex management issues presently confronting the Upstream Petroleum Industry and to strengthen their understanding to manage business success.
The innovative technologies in the recovery of oil and gas are also changing the landscape of the petroleum industry. Managing international supplies, understanding of financial terms, and comparison of worldwide fiscal systems is critical to the understanding of Upstream production sharing and joint venture contracts.
To achieve maximum effectiveness, managers and professionals must continually expand their business knowledge and sharpen their skills. This program is designed to achieve this goal in a time-efficient manner. Integration of Downstream Refining and Petrochemicals to achieve greater efficiencies is yet another critical factor in this business which will be covered in this 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 a broad perspective of Upstream oil business, exploration, drilling and production
Boost their 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 an understanding of all Upstream contracts – Concessionary, Production Sharing, Service and Joint Venture Contracts
Discuss the technical terms, concepts and buzzwords with your peers and clients confidently
Targeted Competencies:
The basics of oil and gas exploration, production, and its recovery economics to fully understand this global business that fuels the global economy
The essential concepts and best production practices of the international oil & gas supply, transportation and trade in the oil and gas industry
Fundamentals of Fiscal terms and conditions, and comparison of World Fiscal Systems
Upstream Concessionary, Production Sharing, Service and Joint Venture Contracts in oil, gas and LNG production
Fundamentals of petroleum economics and investment evaluation
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 Competitive and low-price environment
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