International Oil and Gas Business Management
Select Other "city & date"
International Oil and Gas Business Management Course
Introduction:
Oil and gas are considered among the world's most important resources. The oil and gas industry plays a critical role in driving the global economy. Petroleum itself is used for numerous products, in addition to serving as the world's primary fuel source.
The processes and systems involved in producing and distributing oil and gas are highly complex, capital-intensive and require state-of-the-art technology.
Crude oil is almost never used as produced. It is refined to make “white” products—liquefied petroleum gas (cooking gas), gasoline, kerosene, and diesel—and residual fuel oil. Worldwide, demand for white products is growing much more rapidly than that for residual fuel oil (used to generate electricity or heat).
Course Objectives:
By the end of the training, participants will be able to:
- Understand all of the value-added steps from the well to the consumer
- Gain an understanding of the ways the oil and gas industries have organized to operate effectively and efficiently
- Learn the details of gas processing
- Learn how crude oil is processed into transportation fuels
- Understand the fundamental economic calculus of both the upstream and downstream oil and gas industries
- Develop the skills necessary to evaluate opportunities and make effective decisions related to oil and gas operations
Who Should Attend?
This course will be of interest to:
- Engineers
- Managers
- Employees working in the areas of Planning, Marketing or Finance
- Anyone requiring a broad understanding of the structure, operations and economics of the oil and gas industries
Course Outlines:
Sources, Origin and Nature of Petroleum
- Fundamentals of organic chemistry
- Definition of Petroleum
- The oil and gas Industry
- Basic petroleum geology
- Origins of Hydrocarbon Deposits
- Exploration activities
- Exploration Methods
- Drilling Proposal
- Types of Well
Sources, Origin and Nature of Petroleum
- Oil and gas field development
- Production
- Well fluids and surface production operations
- Transportation
Oil Companies, Corporate Relationships and Structures
- Operating companies and service companies
- Local, national and multi-national oil and gas companies
- Major International Oil Companies
- National Oil and Gas Companies
- Integrated and non-integrated companies
- Integrated Companies
- Non-integrated Companies
Oil Companies, Corporate Relationships and Structures
- Organization of Petroleum Exporting Companies (OPEC)
- Other international and multi-national organizations
- International Energy Agency (IEA)
- Production sharing agreements
Processing Operations and Economics
- Oil refining operations
- Distillation
- Product improvement processes
- Product conversion processes
- Other operations
Processing Operations and Economics
- Gas processing operations
- Inlet separation
- Sulfur removal and sulfur recovery
- Dehydration
- Dewpoint control and byproduct recovery
- Gas compression
- Basic economics of the oil and gas industries
Evaluation of Oil and Gas Opportunities
- Estimating the cost of oil and gas facilities
- Using historical costs
- Cost curves
- Adjusting for different sizes
- Adjusting for different time periods
Evaluation of Oil and Gas Opportunities
- Building cash flow models
- What is financial modeling?
- Who does Financial Modeling?
- What are the steps in building a financial model?
- Using cash flow models to evaluate projects
- Internal rate of return
- Net present value
- Benchmark indicators
Making Decisions under Conditions of Certainty and Uncertainty
- Certainty
- Risk
- Crisis problem
- Uncertainty
- The role of probability in decisions
- Mathematical modeling of business processes
Making Decisions under Conditions of Certainty and Uncertainty
