Cambridge
Academy
In London

Introduction:

Oil and gas are considered among the world's most critical resources and therefore play a pivotal role in driving the global economy. The exploration, production, refining, and distribution of oil and gas involve the most complex and capital-intensive processes and require state-of-the-art technology. This course has been designed to enable participants to learn more about oil & gas production technologies, the chemistry of petroleum and the refining processes, the oil & gas exports and imports business, and best business practices. The international petroleum management training course will provide a more efficient understanding of the international oil and gas business value chain

Course Objectives

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

Have an understanding of the ways the oil & gas and energy industries have organized to operate effectively and efficiently Recognize the latest Game-changing technologies – seismic, well logging, horizontal drilling, fracking, gas to liquid, etc. Distinguish the renewable sources of energy and the future trends in Solar, Wind, Wave, Hydro, Geothermal, Nuclear, and the methodology to compare the costs of energy of each source Understand the benefits of integrating refineries with petrochemicals Gain an understanding of the ways the oil and gas industries have organized to operate effectively and efficiently Target Audience

This course is designed for:

 Corporate Planners Senior oil and gas managers Earth scientists and engineers Investment bankers and Fund managers Investment analysts Media analysts and commentators Government agencies - Regulators Anyone requiring a broad understanding of the structure, operations, and economics of the oil and gas industriesCourse Outlines

Day 1: Sources, Origin, and Nature of Petroleum:

·        Industry overview Chemistry of fossil fuels Origins of hydrocarbon deposits Basic petroleum geology Exploration methods & activities

Day 2: Well Evaluations & Drilling Operations & Reservoir Management:

·        Types of wells Well Evaluations Drilling Operations Well Completions Oil & Gas Reserve Estimates Volumetric Calculations – Original Oil & Gas In-Place Reservoir Depletion Mechanisms Declining Curve Analyses

Day 3: Conventional & Unconventional Production:

·        Unconventional oil & gas Shale Oil & Gas, Tight Gas, and Heavy Oil Recovery Oil recovery methods Primary, Secondary and Tertiary Enhanced Oil Recovery Techniques Reservoir Management – maximize the ultimate recovery of oil

Day 4: New Oil & Gas Field Development and Economic Evaluation:

·        Typical Decision Yardsticks Petroleum Economics Analysis: Net Present Value Internal Rate of Return Profitability Index Unit Tech Cost Economic Limit

Day 5: Oil & Gas Contracts & Joint Ventures

·         Day for collaboration between parties – NOC’s and IOC’s Alignment of interests Oil & Gas Contracts Types of Contracts Concession agreements Production Sharing Agreement/Contract (PSA/PSC) Technical Service Contract/Agreement (TSA) Joint Venture and Service agreements

Day 6: Petroleum Fiscal Regimes:

·         Comparison of fiscal regimes Auction theory and methods Similarities among fiscal systems Accounting aspects of fiscal systems Division of revenues and profits Concession Concession rentals Unitization agreements Royalties Profit tax Corporate tax Ring-fencing State participation Signature bonus Production bonus Bidding for leases

Day 7: The Chemistry of Petroleum and the Refining Processes:

·         Crude and Product Quality Crude oil refining operations Crude Oil Fractions Crude Oil Refinery Products & Processes Refinery configurations - separation, conversion and treatment Refining Complexity Pipelines Storage Treatment & Blending Utilities

Day 8: Refining Economics – Environmental Aspects:

·        Refinery economics Benefits of Integrating with Petrochemicals Global oil reserves, production & trade movements Crude Oil and Refining gross product worth (GPW) Freight Netback and Refining Margin Vessel chartering Environmental aspects

Day 9: Oil & Gas Exports and Imports Business:

·        Organization of Petroleum Exporting Companies (OPEC) Other international and multi-national organizations International Energy Agency (IEA) Oil Markets – Crude pricing regimes Transportation Logistics – Pipelines, Terminals and Storage Crude Oil Tankers World’s Major Pipelines World’s Major Terminals, Refineries Transportation Logistics – Losses Bottlenecks and Chokepoints

Day 10: Pricing, Trading, Markets, Risk Management:

·         Crude oil Benchmarks Crude price assessment Oil Trading Total Barrel Economics Oil Markets – Futures Exposure – Price Hedging – risk management Pricing Management Considerations Derivatives