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:
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
Targeted Groups:
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 industries
Course Objectives:
At the end of this course the 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
Targeted Competencies:
The critical success factors of oil & gas operations – Seismic, wireline services, drilling, fracturing, well completion, production and processing for export
Recoveries through the primary, secondary and enhanced oil recovery techniques
Shale oil and gas production potential in different regions of the world.
Renewable energy sources and their comparative costs
Energy economics, project evaluation, and decision-making skills
Crude oil and gas supply, transportation, marketing, trading and storage
Course Content:
Unit 1: Sources, Origin, and Nature of Petroleum:
Industry overview
Chemistry of fossil fuels
Origins of hydrocarbon deposits
Basic petroleum geology
Exploration methods & activities
Unit 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
Unit 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
Unit 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
Unit 5: Oil & Gas Contracts & Joint Ventures:
Need 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
Unit 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
Unit 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
Unit 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
Unit 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
Unit 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