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An Intensive 2-Week Training Course

The 10-Day Training Course on
International Petroleum Management

Print this Course

Code Date Venue Fee($)
OG207 27 Aug - 07 Sep 2018 Houston TX - USA 13,900
OG207 29 Apr - 10 May 2019 Bogota - Colombia 13,900
OG207 08 - 19 Jul 2019 Rio De Janeiro - Brazil 13,900
OG207 26 Aug - 06 Sep 2019 Houston TX - USA 13,900
OG207 11 - 22 Nov 2019 Mexico City - Mexico 13,900

*All fees are exclusive of VAT


Why Choose this Training Course?

Oil and gas are considered among the world's most critical resources and therefore play a pivotal role in driving the global economy. The exploration, production, refining, and distribution of oil and gas involve the most complex and capital-intensive processes and require state-of-the-art technology.

This accelerated 2-week 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.

The international petroleum management training course will provide a more efficient understanding of the international oil and gas business value chain.

The delegates will also learn:

  • The critical success factors of oil & gas operations – Seismic, wireline services, drilling, fracturing, well completion, production and processing for export
  • Recoveries through the primary, secondary and enhanced oil recovery techniques
  • Shale oil and gas production potential in different regions of the world.
  • Renewable energy sources and their comparative costs
  • Energy economics, project evaluation and decision-making skills
  • Crude oil and gas supply, transportation, marketing, trading and storage

Training Objectives click here

What are the Goals?

To provide delegates with the understanding, knowledge and strategies that oil & gas management must make for success. By the end of this training course, participants 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
  • Gain an understanding of the ways the oil and gas industries have organized to operate effectively and efficiently

Target Audience click here

Who is this Training Course for?

This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:

  • 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

Training Methods click here

How will this Training Course be Presented?

This hands-on training is a highly interactive stimulating learning experience, with opportunities to advance the opinions and ideas of the delegates. Participation is encouraged in a supportive environment that ensures the concepts introduced during the course are understood and reinforced. This is achieved through a mix of learning methods, including lecture style presentation, open discussion and case studies.

PowerPoint slides and videos will be used through the training course and will be augmented by business case studies and facilitated discussions. The delegates will be engaged and encouraged to exchange ideas. Short videos will also be used to reinforce specific technical and operational points and to relate the material to real-world experience.

Daily Agenda click here

Day One: Sources, Origin and Nature of Petroleum

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

Day Two: 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 Three: 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 Four: 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 Five: 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 Six: 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 Seven: 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 Eight: 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 Nine: 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 Ten: 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

Related Courses click here


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Home » Courses » International Petroleum Business » The 10-Day Training Course on International Petroleum Management
PetroKnowledge Training


The 10-Day Training Course on
International Petroleum Management


Code Date Venue Fees
OG207 27 Aug - 07 Sep 2018 Houston TX - USA $13,900
OG207 29 Apr - 10 May 2019 Bogota - Colombia $13,900
OG207 08 - 19 Jul 2019 Rio De Janeiro - Brazil $13,900
OG207 26 Aug - 06 Sep 2019 Houston TX - USA $13,900
OG207 11 - 22 Nov 2019 Mexico City - Mexico $13,900



Why Choose this Training Course?

Oil and gas are considered among the world's most critical resources and therefore play a pivotal role in driving the global economy. The exploration, production, refining, and distribution of oil and gas involve the most complex and capital-intensive processes and require state-of-the-art technology.

This accelerated 2-week 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.

The international petroleum management training course will provide a more efficient understanding of the international oil and gas business value chain.

The delegates will also learn:

  • The critical success factors of oil & gas operations – Seismic, wireline services, drilling, fracturing, well completion, production and processing for export
  • Recoveries through the primary, secondary and enhanced oil recovery techniques
  • Shale oil and gas production potential in different regions of the world.
  • Renewable energy sources and their comparative costs
  • Energy economics, project evaluation and decision-making skills
  • Crude oil and gas supply, transportation, marketing, trading and storage

Training Objectives

What are the Goals?

To provide delegates with the understanding, knowledge and strategies that oil & gas management must make for success. By the end of this training course, participants 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
  • Gain an understanding of the ways the oil and gas industries have organized to operate effectively and efficiently

Target Audience

Who is this Training Course for?

This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:

  • 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

Training Methods

How will this Training Course be Presented?

This hands-on training is a highly interactive stimulating learning experience, with opportunities to advance the opinions and ideas of the delegates. Participation is encouraged in a supportive environment that ensures the concepts introduced during the course are understood and reinforced. This is achieved through a mix of learning methods, including lecture style presentation, open discussion and case studies.

PowerPoint slides and videos will be used through the training course and will be augmented by business case studies and facilitated discussions. The delegates will be engaged and encouraged to exchange ideas. Short videos will also be used to reinforce specific technical and operational points and to relate the material to real-world experience.

Daily Agenda

Day One: Sources, Origin and Nature of Petroleum

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

Day Two: 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 Three: 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 Four: 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 Five: 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 Six: 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 Seven: 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 Eight: 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 Nine: 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 Ten: 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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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.





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© 2018. Material published by Petroknowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.







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