Upstream Production for Oil and Gas
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Upstream Production for Oil and Gas Course
Introduction:
This training course in Global Upstream Oil & Gas Operations focuses on the success factors of a wide array of upstream oil and gas industry operations that beat the competition and add value to the stake-holders. Crude Oil & Natural gas have dominated the Energy industry for the past century and are likely to continue for the foreseeable future.
Course Objectives:
Participants will learn how to:
- Understand the new technologies and critical success factors of Upstream Operations
- Maximize the profits by enhancing the recovery of oil and reducing the costs
- Analyze break-even costs and mitigate economic risk in the low-price environment
- Implement business strategies for the evolving energy industry in a wide range of situations
- Be cognizant of Geo-political issues, and different Upstream contracts
- Fundamentals of Fiscal terms and conditions, and comparison of World Fiscal Systems
Who Should Attend?
This course is designed to train and improve the business knowledge of a wide range of professionals as follows:
- Business Development Managers
- Corporate Planning Professionals
- Geoscience & Engineering Professionals
- Refinery Professionals
- Supply Planners & Scheduling Professionals
- Government Regulators
- Law Professionals
- Tax & Finance Advisors
- Auditing Personnel
Course Outlines:
General Industry Overview & Basic Concepts
- Introduction to Oil & Gas Industry
- Petroleum Industry Dynamics & Future Trends
- Oil & Gas Geology
- Oil & Gas Prospecting (Exploration)
- Drilling Operations
Upstream Success Factors
- Technological Advances
- Well Evaluation
- Well Completions
- Reservoir Depletion Mechanisms
- Oil & Gas Surface Facilities
- Transportation
- Maintenance of Oil & Gas Facilities
- Oil & Gas Reserves
Profitably Managing Upstream Business
- Oil & Gas Reserves
- Reservoir Management
- Crude Oil Refinery Products & Processes
- Legal Framework of the Industry
- Project Economics
- Oil Price Risk Management
Upstream Production Contracts & Fiscal Systems
- Relationships between Oil Companies and Host Governments
- Understanding Petroleum Fiscal Systems
- Identification of different types of fiscal terms and their application
- Concession (royalty/tax) Contracts
- Production Sharing Contracts
- Service contracts and Joint Venture Contracts
- Review & Comparison of Different Fiscal Systems in the world for the Petroleum Industry
- Fiscal options and latest trends for Liquefied Natural Gas (LNG) projects
Petroleum Economics, Risk Analysis, and Project Evaluation
- Petroleum dynamics – Global, Regional & OPEC production scenarios
- Profitability indicators for oil & gas business
- Comparison and investments selection criteria
- Corporate portfolio management and maximize returns
- Risk & Uncertainty analysis in capital investments
- Evaluate projects by risk-based economics
- Fundamental Considerations in Petroleum Project Evaluation
- Investment Decision-Making Techniques
