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Schedules Introduction Objectives Training Methodology Organisational Impact Personal Impact Who Should Attend? Outline
Course Schedule
Date Format Fees
04 - 08 Dec 2022 Online $2,350
11 - 15 Dec 2023 Online $3,950
Course Description

Introduction

This high-level GLOMACS Certification online training seminar in Global Upstream Oil & Gas Operations focuses on the success factors of wide array of Upstream oil and gas industry operations that beat competition and add value to the stakeholders. Crude Oil & Natural gas have dominated Energy industry for the past century and are likely to continue to for the foreseeable future.

Despite these new business strategies, renewable energy sources current industry projections are that oil production will have to increase to meet rising demand from road transport for many years to come. The innovative technologies in the recovery of oil and gas are reducing the costs, employing more efficient recovery techniques, applying stringent economic evaluation and risk analysis to increase stakeholders value. All these are changing the landscape of petroleum industry. Managing international supplies, understanding of fiscal terms and comparison of worldwide fiscal systems is critical to understanding of Upstream production sharing and joint venture contracts.

The objective of this Certification online program in Global Upstream Oil & Gas Operations is to provide the participants with extensive exposure to the many complex management issues presently confronting the Upstream Petroleum Industry and to strengthen their understanding to manage business successfully.

Objectives

By the end of this Certification online training seminar, participants will learn to:

  • Understand the new technologies and critical success factors of Upstream Operations
  • Maximise the profits by enhancing the recovery of oil and reducing the costs
  • Analyse break-even costs and mitigate economic risk in the low-price environment
  • Implement business strategies for the evolving energy industry in a wide range of situations
  • Be cognizant of Geo-political issues, and different Upstream contracts
  • Fundamentals of Fiscal terms and conditions, and comparison of World Fiscal Systems

Training Methodology

This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Organisational Impact

By sending their employees to this certification training course on Certificate in Global Upstream Oil & Gas Operations, the organization will gain a wider range of sills that participants gain and henceforth apply in their work-space that will directly benefits their respective companies:

  • Offers a wider management perspective of global Upstream business and highlights the success factors in each category of several business models
  • Defines how innovations in Upstream oil & gas energy and renewables are helping to drive economic growth and improve living standards around the world
  • Clarifies how we can achieve these high efficiencies goals while delivering value to shareholders
  • Inculcates the corporate culture of effectively dealing with the core issues, tactics and essential concepts of successfully running the global petroleum business

Personal Impact

Each participant will be able to enhance technical knowledge and business skills of Petroleum Industry that will directly benefit his/her career growth:

  • Master the core competencies of Upstream oil, natural gas, & LNG Industry
  • Sharpen the business skills by learning those technique that improve capital productivity and operational excellence
  • Understand the value chain optimization in Hydrocarbon Industry and apply at the workplace to improve stockholders’ value
  • Be fully cognizant of success factors in oil, gas, LNG Industry, and how to deal with price risk uncertainties
  • Hedging the risk at corporate level, business segment level and at individual transaction level

Who Should Attend?

This GLOMACS Certification online training course is designed to train and improve the business knowledge of a wide range of professionals as follows:

  • Business Development Managers
  • Corporate Planning Professionals
  • Geoscience & Engineering Professionals
  • Refinery Professionals
  • Supply Planners & Scheduling Professionals
  • Government Regulators
  • Law Professionals
  • Tax & Finance Advisors
  • Auditing Personnel
Course Outline

DAY 1

General Industry Overview & Basic Concepts 

  • Introduction to Oil & Gas Industry   
  • Petroleum Industry Dynamics & Future Trends 
  • Oil & Gas Geology
  • Oil & Gas Prospecting (Exploration)
  • Drilling Operations

DAY 2

Upstream Success Factors

  • Technological Advances
  • Well Evaluation
  • Well Completions
  • Reservoir Depletion Mechanisms
  • Oil & Gas Surface Facilities
  • Transportation
  • Maintenance of Oil & Gas Facilities
  • Oil & Gas Reserves

DAY 3

Profitably Managing Upstream Business

  • Oil & Gas Reserves
  • Reservoir Management
  • Crude Oil Refinery Products & Processes
  • Legal Framework of the Industry
  • Project Economics
  • Oil Price Risk Management

DAY 4

Upstream Production Contracts & Fiscal Systems

  • Relationships between Oil Companies and Host Governments
  • Understanding Petroleum Fiscal Systems
  • Identification of different types of fiscal terms and their application
  • Concession (royalty/tax) Contracts
  • Production Sharing Contracts
  • Service contracts and Joint Venture Contracts
  • Review & Comparison of Different Fiscal Systems in the world for Petroleum Industry 
  • Fiscal options and latest trends for Liquefied Natural Gas (LNG) projects

DAY 5

Petroleum Economics, Risk Analysis and Project Evaluation 

  • Petroleum dynamics – Global, Regional & OPEC production scenarios 
  • Profitability indicators for oil & gas business
  • Comparison and investments selection criteria 
  • Corporate portfolio management and maximize returns   
  • Risk & Uncertainty analysis in capital investments
  • Evaluate projects by risk-based economics
  • Fundamental Considerations in Petroleum Project Evaluation
  • Investment Decision-Making Techniques
Providers and Associations

Endorsed Education Provider

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In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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