Managing Oil & Gas Production Business

INTRODUCTION

This GLOMACS Managing Oil & Gas Production Business training course will provide the key learning points to improve the efficiency of the oil and gas production business. The Oil and Gas industry has a very important role in the global economy and is the main source of income for many governments. The Oil and Gas industry is characterized as capital-intensive, highly risk, and requires state-of-the-art technology.

With the current crisis in energy worldwide, challenges related to climate change, alternative energies, and energy substitutions, there is a bad need to improve the efficiency of the oil and gas projects by professionals who have a wide-ranging and extensive understanding of the Oil and Gas industry, including economics evaluation and decision-making skills.

This Managing Oil & Gas Production Business training course will highlight:

• Upstream Oil and Gas Life Cycle
• Cost Management in oil and Gas Projects
• Petroleum Economics
• Oil and Gas Production Contracts
• Decision Making in the Oil and Gas Industry

Objectives

At the end of this Managing Oil & Gas Production Business training course, you will learn to:

• Understand the value chain of the oil and gas industry.
• Understand how to operate efficiently your oil and gas fields
• Understand the upstream petroleum economy.
• Evaluate the different opportunities and make effective decisions related to Oil and Gas operations
• Understand the different oil and gas production contracts and the effect of them on operations

Training Methodology

Delegates to this Managing Oil & Gas Production Business training course will receive a comprehensive understanding of the subjects covered by the training course outline with the instructor applying a variety of proven teaching and facilitation techniques. Training course methodology includes PowerPoint presentations, hands-on examples on Excel Software, case studies as well as active discussions

Organisational Impact

The participants will get the knowledge that will have a positive impact on their organization by increasing the value of their oil and gas assets.

• Improving the efficiency of the operations of the oil and gas fields.
• Improve the skills of the employee.
• Better decision making
• Increasing the net cash flow of the organization.
• Improving Project planning and performance
• Production optimization from oil and gas fields

Personal Impact

By the end of this GLOMACS training course, Participants will be able to efficiently manage their oil and gas production business.

• Better understanding of Value chain of the oil and gas industry and the associated challenges
• Improve the skills of decision-making
• Develop skills to assist in the evaluation of corporate opportunities
• Increase the knowledge of the importance of the economic feasibility studies in improving the performance of oil and gas assets
• Understand the key operations in oil and gas production
• Develop the skills to increase the value of the asset by production optimization

WHO SHOULD ATTEND?

It is designed for all personnel in the oil and gas industry, or associated industries needing to improve their knowledge and understanding of managing the oil and gas production business.

This GLOMACS Managing Oil & Gas Production Business training course is suitable for a wide range of professionals but will greatly benefit:

• Managers and Government Officials
• Petroleum economists
• Businessmen and financiers
• Reservoir and Production Engineers
• Energy industry journalists and reporters
• Planning and Development Analysts/Executives
• Commercial Analysts/Executive/Managers