The 10-Day International Petroleum Management

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 accelerated training 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.

This international petroleum management training will provide a more efficient understanding of the international oil and gas business value chain.

The delegates will also learn:

• 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

Objectives

To provide delegates with the understanding, knowledge and strategies that oil & gas management must make for success.

By the end of this training, delegates 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

Training Methodology

This hands-on training is a highly interactive stimulating learning experience, with opportunities to advance the opinions and ideas of the delegates. Participation is encouraged in a supportive environment that ensures the concepts introduced during the seminar are understood and reinforced. This is achieved through a mix of learning methods, including lecture style presentation, open discussion and case studies.

PowerPoint slides and videos will be used during the seminar and will be augmented by business case studies and facilitated discussions. The delegates will be engaged and encouraged to exchange ideas. Short videos will also be used to reinforce specific technical and operational points and to relate the material to real-world experience.

Who Should Attend?

• 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

Seminar Outline

DAY 1

Sources, Origin and Nature of Petroleum

• Introduction
• 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
• Case Study: Oil Reserves Estimation

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 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
• Case Study: Oil and Gas Field Development Economic Evaluation

DAY 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

DAY 6

Petroleum Fiscal Regimes

• Comparison of Fiscal Regimes
• Auction Theory and Methods
• Similarities among Fiscal Systems
• Accounting Aspects of Fiscal Sstems
• Division of Revenues and Profits
• Concession
• Concession Rentals
• Unitisation 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
• Case Study: Netback Pricing Calculation

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
• Bottle necks 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
• Course Summary