Certificate in The International Oil & 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, participants will be able to:

• Understand how natural gas is found in nature and how gas wells are developed
• Gain better understanding of the dynamics of the entire natural gas value chain addition from wellhead to the burner tip
• Recognize the major and common processes of the natural gas plants, and understand technical process drawings
• Determine various methods used to purify natural gas
• Understand the oil and gas facilities terminology
• Recognize how gas processing fits into the value chain for hydrocarbon products and identify the key issues at the plants
• Distinguish the difference between various gas conditioning and processing technologies, and decide which technique should be used based on the process
• Understand the principles of gas measurement and common measurement devices Discuss the market’s needs for NGL, LPG, ethane, propane and butane
• Understand the pipeline transfer
• Learn economic evaluation benchmarks and determine return on investments

Training Methodology

This training course is a hands-on, stimulating learning experience. It will be highly interactive, with opportunities to advance your opinions and ideas. Participation is encouraged in a supportive environment. To ensure the concepts introduced during the course are understood, they will be reinforced through a mix of learning methods, including lecture style presentation, and open discussion. The training course will be presented with the use of PowerPoint slides and videos. This will be augmented by case studies and facilitated discussions, to engage the delegates and to encourage the exchange of ideas. Short videos will also be used to reinforce specific points and to relate the material to real-world experience.

Who Should Attend?

 This training course will be of interest to:

• 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 multi-national 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