A highly interactive training course on

Managing Oil & Gas Production Business

Dates & Fees 2023 Location, Date & Fees

Lisbon - Portugal
07-11 Aug 2023
Register Now
Fee: $5,950
Lisbon - Portugal
20-24 Nov 2023
Register Now
Fee: $5,950
Coventry Course
5
Days

Course Schedules

 Lisbon - Portugal
 07-11 Aug 2023
 $5,950
 Lisbon - Portugal
 20-24 Nov 2023
 $5,950

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

 

Coventry Academy
Typically replies within an hour

Florence
Hi there 👋
My name is Florence. Please tell me how I can assist you..
1:40
×