International Petroleum Management

Courses Syllabus

Objectives

• To provide delegates with the understanding, knowledge and strategies that oil & gas management must make for success. By the end of program delegates 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

Programme Outline

Day 1 

Sources, Origin and Nature of Petroleum

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

Day 2

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 3

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 4 –

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 5 –

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 6 –

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 7 –

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 8 –

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 9 –

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 10 –

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