Cambridge
Academy
In London

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

Course Objectives

By the end of this course, 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

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 Content:

 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