Overview
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
- Barriers to cultural change
- Challenges for the oil and gas industry
Schedule & Fees
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