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International Petroleum Management

London Premier Centre, In London (+7 locations)
Length
10 days
Price
8,750 - 9,190 GBP excl. VAT
Next course start
25 November, 2024 (+11 start dates)
Course delivery
Classroom
Length
10 days
Price
8,750 - 9,190 GBP excl. VAT
Next course start
25 November, 2024 (+11 start dates)
Course delivery
Classroom
Leave your details so the provider can get in touch

Course description

The world's long-term economic development depends on the existence of efficient, innovative and creative energy and resources industries. These, in turn, rely on individuals who possess a sound grasp of their legal, economic, technical and policy backgrounds.

The International Petroleum Management course is designed to help participants to become knowledgeable managers in a position to advise how best a company can move forward in a particular aspect of the business. Unlike the engineering in the subject, a management programme will see you learn about topics such as accounting, economics and law within modules on logistics, project management and strategic management.

This 10-day International Petroleum Management training Course has been designed to enable participants to learn more about oil & gas production technologies, the chemistry of petroleum and the refining processes, the oil & gas exports and imports business, and best business practices.

Upcoming start dates

Choose between 11 start dates

25 November, 2024

  • Classroom
  • Barcelona

25 November, 2024

  • Classroom
  • Dubai

2 December, 2024

  • Classroom
  • Istanbul

2 December, 2024

  • Classroom
  • Kuala Lumpur

9 December, 2024

  • Classroom
  • Paris

9 December, 2024

  • Classroom
  • Singapore

16 December, 2024

  • Classroom
  • Amsterdam

16 December, 2024

  • Classroom
  • London

23 December, 2024

  • Classroom
  • Dubai

30 December, 2024

  • Classroom
  • Barcelona

30 December, 2024

  • Classroom
  • Dubai

Suitability - Who should attend?

International Petroleum Management training course is ideal for :

  • Corporate Planners
  • Senior oil and gas managers
  • Earth scientists and engineers
  • Investment bankers and Fund managers
  • Investment analysts
  • Media analysts and commentators
  • Government agencies - Regulators
  • Anyone requiring a broad understanding of the structure, operations, and economics of the oil and gas industries

Outcome / Qualification etc.

By the end of this International Petroleum Management course, delegates will be able to:

  • Have an understanding of the ways the oil & gas and energy industries have organized to operate effectively and efficiently
  • Recognize the latest Game-changing technologies – seismic, well logging, horizontal drilling, fracking, gas to liquid, etc.
  • Distinguish the renewable sources of energy and the future trends in Solar, Wind, Wave, Hydro, Geothermal, Nuclear, and the methodology to compare the costs of energy of each source
  • Understand the benefits of integrating refineries with petrochemicals
  • To provide delegates with the understanding, knowledge and strategies that oil & gas management must make for success.
  • Gain an understanding of the ways the oil and gas industries have organized to operate effectively and efficiently

Training Course Content

Day 1

Sources, Origin and Nature of Petroleum

  • Introduction
  • Industry overview
  • Chemistry of fossil fuels
  • Origins of hydrocarbon deposits
  • Basic petroleum geology
  • Exploration methods & activities

Day 2

Well Evaluations & Drilling Operations & Reservoir Management

  • Types of wells
  • Well Evaluations
  • Drilling Operations
  • Well Completions
  • Oil & Gas Reserve Estimates
  • Volumetric Calculations – Original Oil & Gas In-Place
  • Reservoir Depletion Mechanisms
  • Declining Curve Analyses
  • Case Study: Oil Reserves estimation

Day 3

Conventional & Unconventional Production

  • Unconventional oil & gas
  • Shale Oil & Gas, Tight Gas, and Heavy Oil Recovery
  • Oil recovery methods
  • Primary, Secondary and Tertiary
  • Enhanced Oil Recovery Techniques
  • Reservoir Management – maximize ultimate recovery of oil

Day 4

New Oil & Gas Field Development and Economic Evaluation

  • Typical Decision Yardsticks
  • Petroleum Economics Analysis:
  • Net Present Value
  • Internal Rate of Return
  • Profitability Index
  • Unit Tech Cost
  • Economic Limit
  • Case study: Oil and gas field development economic evaluation

Day 5

Oil & Gas Contracts & Joint Ventures

  • Need for collaboration between parties – NOC’s and IOC’s
  • Alignment of interests
  • Oil & Gas Contracts
  • Types of Contracts
  • Concession agreements
  • Production Sharing Agreement/Contract (PSA/PSC)
  • Technical Service Contract/Agreement (TSA)
  • Joint Venture and Service agreements

Day 6

Petroleum Fiscal Regimes

  • Comparison of fiscal regimes
  • Auction theory and methods
  • Similarities among fiscal systems
  • Accounting aspects of fiscal systems
  • Division of revenues and profits
  • Concession
  • Concession rentals
  • Unitisation agreements
  • Royalties
  • Profit tax
  • Corporate tax
  • Ring fencing
  • State participation
  • Signature bonus
  • Production bonus
  • Bidding for leases

Day 7

The chemistry of petroleum and the refining processes

  • Crude and Product Quality
  • Crude oil refining operations
  • Crude Oil Fractions
  • Crude Oil Refinery Products & Processes
  • Refinery configurations – separation, conversion and treatment
  • Refining Complexity
  • Pipelines
  • Storage
  • Treatment & Blending
  • Utilities

Day 8

Refining Economics – environmental aspects

  • Refinery economics
  • Benefits of Integrating with Petrochemicals
  • Global oil reserves, production & trade movements
  • Crude Oil and Refining gross product worth (GPW)
  • Freight
  • Netback and Refining Margin
  • Vessel chartering
  • Environmental aspects
  • Case Study: Netback pricing calculation

Day 9

Oil & Gas Exports and Imports Business

  • Organization of Petroleum Exporting Companies (OPEC)
  • Other international and multi-national organizations
  • International Energy Agency (IEA)
  • Oil Markets – Crude pricing regimes
  • Transportation Logistics – Pipelines, Terminals and Storage
  • Crude Oil Tankers
  • World’s Major Pipelines
  • World’s Major Terminals, Refineries
  • Transportation Logistics – Losses
  • Bottle necks and Chokepoints

Day 10

Pricing, Trading, Markets, Risk Management

  • Crude oil Benchmarks
  • Crude price assessment
  • Oil Trading
  • Total Barrel Economics
  • Oil Markets – Futures
  • Exposure – Price
  • Hedging – risk management
  • Pricing Management Considerations
  • Derivatives
  • Course Summary

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London Premier Centre
47-49 Park Royal Road
NW10 7LQ London

London Premier Centre

London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...

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