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The 10-Day Training Course on  International Oil & Gas Business Management

An Intensive 10 - Day Training Course

The 10-Day Training Course on
International Oil & Gas Business Management

Effective and Efficient Operations from Wellhead to Consumer

Scheduled Dates

Date: Location: Fee: Enrollment:
04 - 15 Oct 2021 Houston TX - USA $13,900
13 - 24 Dec 2021 Bogota - Colombia $13,900
06 - 17 Jun 2022 Rio De Janeiro - Brazil $13,900
15 - 26 Aug 2022 London - UK $11,900
12 - 23 Sep 2022 Mexico City - Mexico $13,900
03 - 14 Oct 2022 Houston TX - USA $13,900
12 - 23 Dec 2022 Bogota - Colombia $13,900

*Exclusive of VAT

Why Choose this Training Course?

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 10-Day 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.

What are the Goals?

  • Understand all of the value-added steps from the well to the consumer
  • Gain an understanding of the ways the oil and gas industries have organized to operate effectively and efficiently
  • Learn the details of gas processing
  • Learn how crude oil is processed into transportation fuels
  • Understand the fundamental economic calculus of both the upstream and downstream oil and gas industries
  • Develop the skills necessary to evaluate opportunities and make effective decisions related to oil and gas operations

Who is this Training Course for?

This PetroKnowledge training course will be of interest to:

  • Engineers
  • Managers
  • Employees working in the areas of Planning, Marketing or Finance
  • Anyone requiring a broad understanding of the structure, operations and economics of the oil and gas industries

How will this Training Course be Presented?

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.

This PetroKnowledge 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.

Daily Agenda

Day One: Sources, Origin and Nature of Petroleum

  • Fundamentals of organic chemistry
    • Definition of Petroleum
    • The oil and gas Industry
  • Basic petroleum geology
    • Origins of Hydrocarbon Deposits
  • Exploration activities
    • Exploration Methods
    • Drilling Proposal
    • Types of Well

Day Two: Sources, Origin and Nature of Petroleum

  • Oil and gas field development
  • Production
  • Well fluids and surface production operations
  • Transportation

Day Three: Oil Companies, Corporate Relationships and Structures

  • Operating companies and service companies
  • Local, national and multi-national oil and gas companies
    • Major International Oil Companies
    • National Oil and Gas Companies
  • Integrated and non-integrated companies
    • Integrated Companies
    • Non-integrated Companies

Day Four: Oil Companies, Corporate Relationships and Structures

  • Organization of Petroleum Exporting Companies (OPEC)
  • Other international and multi-national organizations
    • International Energy Agency (IEA)
  • Production sharing agreements

Day Five: Processing Operations and Economics

  • Oil refining operations
    • Distillation
    • Product improvement processes
    • Product conversion processes
    • Other operations

Day Six: Processing Operations and Economics

  • Gas processing operations
    • Inlet separation
    • Sulfur removal and sulfur recovery
    • Dehydration
    • Dewpoint control and byproduct recovery
    • Gas compression
  • Basic economics of the oil and gas industries

Day Seven: 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

Day Eight: Evaluation of Oil and Gas Opportunities

  • Building cash flow models
    • What is Financial Modeling?
    • Who does Financial Modeling?
    • What are the steps in building a financial model?
  • Using cash flow models to evaluate projects
    • Internal rate of return
    • Net present value
    • Benchmark indicators

Day Nine: Making Decisions under Conditions of Certainty and Uncertainty I

  • Certainty
    • Risk
    • Crisis problem
  • Uncertainty
  • The role of probability in decisions
  • Mathematical modeling of business processes

Day Ten: Making Decisions under Conditions of Certainty and Uncertainty II

  • Making management decisions under conditions of certainty
  • Optimization of the model and interpretation of results
  • Making management decisions under conditions of uncertainty