Understanding Success Factors in the Oil & Gas Industry

                Understanding Success Factors in the Oil & Gas Industry

INTRODUCTION

Today’s multinational, International Oil Companies (IOC’s) and National Oil Companies (NOC’s), both upstream and downstream of the oil and gas supply chain, are facing many challenges from the current economic climate. The current volatility of crude oil and natural gas prices has resulted in companies to reinvent themselves and to abandon the traditional strategic planning exercises.

This highly participative training course is designed to provide a comprehensive understanding of the issues facing the international oil & gas industries and to be equipped with the necessary skills and knowledge to effectively identify and tackle these issues. This Understanding Success Factors in the Oil & Gas Industry training course will provide the necessary skills and knowledge to prepare the attendees for more senior responsibilities within their organizations.

TRAINING OBJECTIVES

• Gain a wide-ranging understanding of the petroleum industry and the companies that constitute this industry
• Learn about the important issues facing our industry and strategies used to address them
• Gain specific skills in strategic planning, setting goals, budgeting and finance
• Understand the management and allocation of resources (money, time, people, tools and technology)
• Develop an understanding of the derivatives markets and an awareness on hedging risk
• Understand and compare international fiscal systems
• Learn about the geopolitical issues surrounding global oil & gas supply and transportation

WHO SHOULD ATTEND?

• Business Development Professionals
• Corporate Planning Professionals
• Geoscience and Engineering Specialists
• Refinery Professionals
• Supply Planners and Scheduling Professionals
• Contracting Consultants

OUTLINE

Day 1: Overview of the Oil & Gas Industry

• Origins and formation of fossil fuels
• Chemistry and characteristics of petroleum
• Exploration for oil & gas
• Oil & Gas production
• Global oil supply and reserves
• Reserves, estimation and evaluation

Day 2: The Supply Chain

• The Oil and Gas Supply Chain
• Logistics – Transportation and Storage
• Adding Value – Refining
• Refinery Petrochemical Integration
• Natural Gas processing
• Sales and marketing of Refined products and Natural Gas

Day 3: Energy Trading and Economics

• Oil & Gas Economics
• Energy Trading and Commodities
• Crude Oil Production and Lifting Costs
• Crude Oil Pricing Regimes and Strategies
• Trading (I) – Real and liquid markets
• Trading (II) – Derivatives, futures, options and swaps

Day 4: The Future of Fossil Fuels

• The role of natural gas and its role in the low carbon future
• Future prospects for the oil & gas industries
• Peak Oil – trends and consequences
• Financial and energy risk management
• Risk management and hedging
• Geopolitical risks and opportunities

Day 5: Strategic Analysis for the Oil & Gas Sector

• IOC & NOC strategic interests and competitive advantage
• Contracting strategies for the oil and gas industries
• Strategic value analysis for competitive advantage
• Strategic analysis for the oil & gas sector
• Project appraisal from a strategic perspective