An Intensive 10-day Training Course
The 10-Day International Petroleum Management
Energy Economics, Project Evaluation and Decision-Making Skills
Scheduled Dates
Classroom
| 01 - 12 Sep 2025 | Houston TX - USA | $13,900 | RESERVE A SEAT |
| 17 - 28 Nov 2025 | Dubai - UAE | $11,900 | RESERVE A SEAT |
| 15 - 26 Dec 2025 | London - UK | $11,900 | RESERVE A SEAT |
Would an alternative date be more suitable?
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
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
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
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
How will this Training Course be Presented?
This PetroKnowledge practical training course 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
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
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Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
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]
When should I expect to receive confirmation of registration?
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.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].
