Advanced Management Strategies and Financial Acumen in the Oil & Gas Sector

Introduction

This GLOMACS Advanced Management Strategies and Financial Acumen in the Oil & Gas Sector training course is designed to provide in-depth knowledge and advanced skills for managers and supervisors in the oil and gas industry. The training course will focus on the economic, financial, and managerial aspects of the industry, including petroleum economics, contracts, joint ventures, fiscal regimes, and risk management. Participants will explore the financial mechanisms and strategies crucial for developing and financing oil and gas projects. Additionally, the training course will delve into the evolution of safety culture, effective communication, and negotiation skills essential for leadership in the industry. This training course aims to develop participants' ability to manage complex financial and strategic issues within the oil and gas sector effectively.

Objectives

Upon successful completion of this Advanced Management Strategies and Financial Acumen in the Oil & Gas Sector  training course, the participants will be able to:

• Understand the principles of petroleum economics and energy trading.
• Apply financial concepts such as discounted cash flow, internal rate of return, and net present value in oil and gas projects.
• Evaluate different types of oil and gas contracts and fiscal regimes.
• Analyse the need for collaboration between national and international oil companies.
• Manage financial and energy risks, including geopolitical risks and uncertainties in trading energy commodities.
• Understand the principles and practices of carbon capture and environmental issues.
• Develop a positive safety culture and effective leadership and teamwork strategies.
• Enhance communication and negotiation skills to handle conflicts and global negotiations effectively.
• Gain insights into the future prospects of the global oil and gas industry.

Training Methodology

This training course entitled Advanced Management Strategies and Financial Acumen in the Oil & Gas Sector training course is a hands-on highly interactive stimulating learning experience, which facilitates many opportunities to advance the opinions and ideas of the delegates through active discussion. Participation is encouraged in a supportive environment that ensures the concepts introduced during the training course are understood and reinforced. This is achieved through a mix of learning methods, including lecture style presentation and open discussion.

PowerPoint presentations augmented with videos will be used through the training course to facilitate discussions. The delegates will be encouraged to exchange ideas.