Certificate in International Oil and Gas Business Management

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). As the oil industry faces challenges related to climate change, alternative energies, energy substitutions, and adverse changes in the quality of available downstream feedstocks, it recognizes the need for managers who have a comprehensive and broad understanding of the industry, including economics, evaluation, and decision-making skills and who understand the issues that face the oil and gas industries in the future.

This International Oil & Gas Business Management training course will provide a basis for functional managers and those whose experience has been limited to a particular area of the industry, to prepare for additional responsibilities by providing a broad base of knowledge covering the total spectrum of the oil and gas business and specific skills related to the evaluation of opportunities and enhanced decision-making.

Objectives

By the end of this training course, the participants will be able to:

• 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

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

This training course is suitable for a wide range of professionals but will greatly benefit:

• Business Development Professionals
• Ministerial, governmental, industry bodies, and development agency staff
• Oil & Gas industry analysts, planners, traders, sales, marketing, communications, public relations, and commercial personnel
• Managers in functional areas of the international petroleum and natural gas industry, including the areas of marketing, law, human resources, accounting, and finance
• Refining technologists and exploration engineers seeking to understand the business side of their value chain
• New recruits to oil, gas, and energy companies
• Anyone seeking a broad understanding of the oil and gas industry

Course Outline

Day 1: Sources, Origin, and Nature of Petroleum

•  Introduction to Petroleum Chemistry

• Origins of Hydrocarbon Deposits

• Basic petroleum geology

• Exploration activities

• Oil and gas field development & Production

• Well fluids and surface production operations

Day 2: Oil Companies, Corporate Relationships, and Structures

• Local, national, and multinational oil and gas companies

• Integrated and non-integrated companies

• Organization of Petroleum Exporting Companies (OPEC)

• International Energy Agency (IEA)

• Production sharing agreements

• Transportation and Storage Operations

Day 3: Processing Operations in Oil & Gas

• Oil refining operations

  • Distillation

  • Product conversion processes

  • Product improvement & Blending processes

• Gas processing operations

• Inlet separation

• Sulfur removal and sulfur recovery

• Dehydration

• Dewpoint control and byproduct recovery

• Gas compression and LNG Production

Day 4: 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

• Building cash flow models

• Using cash flow models to evaluate projects

Day 5: Processing Operations and Economics

• Basic economics of the oil and gas industries

  • Benchmark indicators

  • Net present value

  • Internal rate of return

  • Unit Technical Cost

  • Payback & Maximum Exposure

• Making Decisions under Conditions of Certainty and Uncertainty

• Risk & Uncertainty