Oil and Gas Industry Fundamentals

This course comprehensively covers the oil and gas supply chains from exploration through to fuel retailing. It addresses conventional and unconventional reserves and resources, drilling and production processes and facilities, economic fiscal and risk issues, transportation, refining, gas to power, wholesale product markets, contracts, physical and paper trading, retailing, distribution logistics, emerging markets technologies, competition with alternative energies, environmental, safety and security issues.

CONTENT

• Identify where petroleum comes from and how and where it accumulates.
• Understand exploration and production techniques and their associated risks.
• Gain insight to petroleum economic, fiscal and project planning issues.
• Become aware of development, transport and market options for oil and gas.
• Recognise the ability of refining and petrochemical processes to balance product market demand.
• Perceive the importance of the trading, hedging and retailing functions to modern, integrated oil and gas companies.
• Evaluate the threats and opportunities offered by non-conventional petroleum sources and alternative fuels in terms of a range of scenarios

FOR WHOM:

Analysts, planners, sales, marketing, engineering, refining, communications, public relations and commercial personnel.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.