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Schedules Introduction Objectives Training Methodology Organisational Impact Personal Impact Who Should Attend? Outline
Course Schedule
Date Format Time Fees
15 - 26 Aug 2022 Online 11:00 to 16:00 Dubai [GMT +4] $4,950
03 - 14 Oct 2022 Online 11:00 to 16:00 Dubai [GMT +4] $4,950
Course Description

Introduction

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 GLOMACS, The 10-Day International Oil & Gas Business Management online 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.

Objectives

By the end of this GLOMACS online training course, participants will learn to: 

  • 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

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

The employer will gain:

  • Recognized and respected certification for the delegates attending
  • Assurance that the course is delivered by a quality online training organization using a very experienced instructor
  • Managers who have a broad overview and understanding of the structure and operations of the Oil and Gas industries
  • Employees who understand the details of Oil and Gas operations at all levels of the value chain
  • Delegates who understand the fundamental economics of the Oil and Gas industries
  • Delegates with the skills to make better decisions and contribute to the evaluation of project opportunities

Personal Impact

  • Better understanding of the total spectrum of our industry and the challenges we face
  • Ability to contribute to corporate decision-making
  • Develop skills to assist in the evaluation of corporate opportunities
  • Understanding of the structure of the Oil and Gas business
  • Understanding of key process operations related to the production of downstream products

Who Should Attend?

This GLOMACS online 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
Course Outline

DAY 1

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 2

Sources, Origin and Nature of Petroleum

  • Oil and Gas field Development
  • Production
  • Well Fluids and Surface Production Operations
  • Transportation

DAY 3

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 4

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 5

Processing Operations and Economics

  • Oil Refining Operations
    • Distillation
    • Product Improvement Processes
    • Product Conversion Processes
    • Other Operations

DAY 6

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 7

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 8

Evaluation of Oil and Gas Opportunities

  • Building Cashflow Models
    • What is Financial Modeling?
    • Who does Financial Modeling?
    • What are the steps in building a financial model?
  • Using Cashflow Models to Evaluate Projects
    • Internal Rate of Return
    • Net Present Value
    • Benchmark Indicators

DAY 9

Making Decisions Under Conditions of Certainty and Uncertainty

  • Certainty
    • Risk
    • Crisis Problem
  • Uncertainty
  • The Role of Probability in Decisions
  • Mathematical Modeling of Business Processes

DAY 10

Making Decisions Under Conditions of Certainty and Uncertainty

  • Making Management Decisions under Conditions of Certainty
  • Optimization of the Model and Interpretation of Results
  • Making Management Decisions under Conditions of Uncertainty
Certificates
  • On successful completion of this online training course, GLOMACS E-Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor, will be awarded to the delegates
  • Continuing Professional Education (CPE) credits : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo
  • Quality Logo

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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