Essential Skills for Oil & Gas Professionals

An Intensive 10-day Training Course

Essential Skills
for Oil & Gas Professionals

Essential Skills for Oil & Gas Professionals

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We don’t have a scheduled session for this course at the moment. For more information and to enquire about future sessions, please feel free to reach out to our Training Department ([email protected])

Why Choose this Training Course?

This seminar provides the skills to build knowledge of the oil and gas industry, as well as the necessary competencies to meet the challenges currently being faced.

The Oil & Gas industry is undergoing the most significant changes that we have seen for many years with new business models, companies and sources emerging.  With the international demand for petroleum products reaching record levels hit record high levels so too is the complexity facing the Oil & Gas industry.

What are the Goals?

By the end of this course, participants will be able to:

  • Build knowledge as to the nature and challenges facing the oil and gas industry
  • Understand the key players and commercial drivers
  • Examine the industry structure with specific emphasis on the ‘upstream’ component
  • Understand framing agreements including joint ventures and product sharing contracts
  • Examine the importance of effective project planning and execution

Who is this Training Course for?

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

  • New entrants to the Oil & Gas industry
  • Oil and Gas professionals:
    • Senior and middle managers
    • Accountants and financeprofessionals responsible for financial accounting, treasury, internal audit,budget preparation and management reporting
    • HR, contracting and procurement and IT professionals
    • Line managers with strategic planning and operational budgeting responsibility
  • Professional advisers and Business Consultants

How will this Training Course be Presented?

This workshop will be highly participatory and your seminar leader will present, guide and facilitate learning, using a range of methods including discussions, case studies and exercises. Where appropriate, these will include real case examples.

By combining analysis, problems and examples with real case studies - lessons learned from the seminar will be applied to your organisation. Key performance indicators (KPIs) for the critical success factors (CSFs) will focus attention on high priority action plans for taking back to your organisation.

Daily Agenda

Day One: The Oil and Gas Industry Overview
  • The nature of the Oil and Gas industry
  • Who are the key players?
  • Strategic challenges and opportunities facing the industry
  • Structures and business models
  • Case study review
Day Two: Commercial Drivers
  • Upstream, midstream and downstream operations
  • Exploration, evaluation and production
  • Lifting and production costs
  • Reserve estimates
  • Case study review
Day Three: Oil and Gas Exploration and Production Arrangements
  • Framing agreements
  • Joint ventures
  • Product sharing agreements
  • Implications and challenges
  • Joint operating agreement review
Day Four: Capital Project Planning and Execution
  • Importance of project planning
  • Front end loading
  • Hot spots and challenges
  • Creating and protecting value
  • Implementing effective project control framework
Day Five: Risk Management Application
  • What is risk management and why it is important?
  • Risk management as applied to capital projects.
  • Specifying objectives and identifying project uncertainties
  • Technical and non-technical risks
  • Risk register review and analysis
  • Stakeholder identification and mapping
Day Six: Project Economics
  • Evaluating opportunities
  • Discounting and non-discounting methods
  • NPV, IRR
  • Discount rates
  • Case study application and review
Day Seven: Cost & Estimation
  • What is a cost estimate?
  • What factors influence an estimate?
  • Determining contingencies
  • Probabilistic models
  • Monte Carlo simulation
  • Challenges and areas for improvement
Day Eight: Capital Contracting Issues
  • Managing the oil and Gas spend
  • Understanding the market
  • Developing the appropriate contracting strategy
  • Reward structures and options
  • Contract award and the importance of contract management
  • Case study application and review
Day Nine: Measuring and Reporting Performance
  • External and internal reporting
  • Identifying report user requirements
  • KPIs
  • Measuring and reporting project performance
  • Earned value management analysis and reporting
Day Ten: Oil and Gas Capstone Case Study
  • A case study dilemma
  • Key learnings
  • Summary and course wrap up


  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to [email protected].

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