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A highly interactive training course on
Managing Oil & Gas Production Business
5
Days
Days
Course Schedules
Training course overview
This training course will provide the key learning points to improve the efficiency of the oil and gas production business. The Oil and Gas industry has a very important role in the global economy and is the main source of income for many governments. The Oil and Gas industry is characterized as capital-intensive, highly risk, and requires state-of-the-art technology.
With the current crisis in energy worldwide, challenges related to climate change, alternative energies, and energy substitutions, there is a bad need to improve the efficiency of the oil and gas projects by professionals who have a wide-ranging and extensive understanding of the Oil and Gas industry, including economics evaluation and decision-making skills.
This Managing Oil & Gas Production Business training course will highlight:
- Upstream Oil and Gas Life Cycle
- Cost Management in oil and Gas Projects
- Petroleum Economics
- Oil and Gas Production Contracts
- Decision Making in the Oil and Gas Industry
What are the goals?
At the end of this Managing Oil & Gas Production Business training course, you will learn to:
- Understand the value chain of the oil and gas industry.
- Understand how to operate efficiently your oil and gas fields
- Understand the upstream petroleum economy.
- Evaluate the different opportunities and make effective decisions related to Oil and Gas operations
- Understand the different oil and gas production contracts and the effect of them on operations
Who is this training course for?
This training course is suitable for a wide range of professionals but will greatly benefit:
- Managers and Government Officials
- Petroleum economists
- Businessmen and financiers
- Reservoir and Production Engineers
- Energy industry journalists and reporters
- Planning and Development Analysts/Executives
- Commercial Analysts/Executive/Managers
Course Outline
Day One: Oil and Gas Industry Value Chain
- Characteristics of upstream oil and gas business
- Phases of upstream oil and gas operations
- Challenges in upstream operations
- Oil & gas reserves, production, consumption & trade
- The role of the integrated professional team in managing the business
Day Two: Petroleum Economics
- Net cash flow: Definitions, gross revenue, capital costs, operating costs, abandonment costs, and government take
- Economic life reserves, abandonment
- Profit income tax and loss carry forward
- Sunk costs
- Inflation
- Economic indicators, NPV, IRR, CPI, and payout time.
Day Three: Petroleum Contracts
- Principal licensing and contractual arrangements
- The modern concession contracts
- The production sharing contracts
- Participation agreements and joint operation agreements (JOA)
- Service contracts, pure service contracts, risk service contracts
- Financing in the international oil & gas industry
- Comparative analysis of the different contract forms
Day Four: Decision-Making in the Oil and Gas Industry
- Decision tree analysis
- Value of information
- Exploration drilling decisions
- Production decisions
- Making management decisions under conditions of certainty
Day Five: Risk Analysis
- Uncertainty in oil and gas projects
- Risk-free return
- Risk of the proposed project
- Treatment of risks in project appraisal
- Sensitivity analysis
- Portfolio analysis
- Hedging – risk management
The certificate
- Coventry Academy Certificate of Completion for delegates who attend and complete the training course