This course provides participants with a holistic and integrated overview of the oil and gas Industry. Delegates will learn the salient features of the oil and gas sector's upstream, midstream, and downstream. The course will highlight the fiscal regimes prevailing in the petroleum sector and assist participants in understanding the world oil markets and determinants of oil pricing. Finally, the course will cover oil and gas project economics and the inherent health, safety, and environmental issues in the oil and gas sector.
Course Methodology
The instructional format capitalizes on a careful balance of formal presentations by the course leader and individual and group exercises. The course also features several case studies followed by plenary discussions.
Course Objectives
By the end of the course, participants will be able to:
Achieve a comprehensive understanding of the oil and gas industry
Recognize the elements of oil and gas upstream
Develop an understanding of oil and gas logistics and world oil markets
Acquire knowledge of economic considerations of oil and gas projects
Appreciate the risks and safety factors in the oil and gas sector
Target Audience
Project Managers, Planning Managers, Financial Managers, Procurement Managers, Business Development Managers, Enterprise Risk Managers, Operations and Maintenance Engineers, and individuals keen on gaining insight into the oil and gas business.
Target Competencies
Identifying hazards
Planning
Mitigating risks
Analyzing
Working in teams
Leading cultural change
Course Outline
Overview of the oil and gas industry
Oil and gas industry in perspective
Petroleum life cycle
Hydrocarbon classification
Oil and gas value chain
Upstream, midstream, and downstream
Oil and gas upstream
Basic petroleum geology
Exploration and seismic operations
2D and 3D seismic data acquisition
Appraisal and development
Drilling and production operations
Well completion and oil and gas reserves
Oil and gas logistics and world oil markets
Oil and gas midstream
Storage tanks and tank farms
Oil and gas and LNG transportation
Pipeline transportation
World oil markets
Different crudes and their characteristics
Oil and gas projects economics
Oil and gas project life cycle
Project Management Office (PMO)
Responsibility matrix
Revenue streams and Net Present Value (NPV)
Timeline for the first gas/first oil
Payback Period (PP) and cost of capital
Risk management and safety leadership
Risks and hazards in the oil and gas industry
Prioritising risks
Risk impact/probability matrix
Health, safety, and environmental issues in oil and gas sector