Commercial Oil Operations and Logistics

Introduction

The Oil and Gas operations are multifaceted, logistically complex, highly capital intensive, and often confronted with potential risks and uncertainties. Today’s oil companies are dealing with ever-increasing levels of complexity and competition.  Innovative technologies in the recovery of oil are also changing the landscape of the petroleum industry. Integrating refining and petrochemicals to achieve greater efficiencies is another critical factor in business profitability. Managing global supplies, refining, and oil trading requires several cross-functional skills. To achieve maximum effectiveness, managers and professionals must continually expand their business knowledge and sharpen their skills.

This 5-Day accelerated Commercial Oil Operations and Logistics training course provides a broader global oil business management perspective and highlights its essential components' success factors. It follows the natural order of business, starting with its supply and transportation that fuels the global economy, followed by the critical refining and trading operations.

This GLOMACS Commercial Oil Operations and Logistics training course is designed to suit the broad background of delegates. It streamlines, through utilisation of visual aids and simulation, the complexity of several complex operations, such as drilling, completion, refining, and transportation. The training course provides hands-on business cases to evaluate Crude Oil Value, Netback and Refinery Margin Calculations, Price Management, Sales Contracts, Transportation Costs, Product Quality, Total Barrel Economics, Economic Value of Pipeline, amongst others.

The training course deals with the core issues, tactics, and essential concepts of successfully running the international oil supply, transportation, refining and trading business. 

In this Commercial Oil Operations and Logistics training course, you will be able to learn:

• Basics of oil and gas exploration, production, and recovery economics to fully understand this global business that fuels the global economy.
• Fundamentals of Oil Economics and Crude Oil Transportation
• Basic Refinery operations, economics, and environmental aspects
• Basic Principles in crude oil pricing and overview of crude oil and refined products markets
• Essential elements in crude oil and refined products sales contracts
• Fundamental concepts and business practices of the international oil supply, transportation, refining, and trade in the oil and gas industry
• Supply Logistics: Major international pipelines, shipping routes, and choke points
• It seamlessly covers various critical commercial functions, logistics & processes, and appropriately deals with the business practices and tactics to build the necessary business acumen

Objectives

At the end of this Commercial Oil Operations and Logistics training course, participants will be able to:

• Gain a broad perspective of the global oil business, supply, transportation, refining, and trading
• Boost understanding of the fundaments of the oil business: quality, blending & valuation of oil for trade, freight and netback calculation & refinery margins calculations, vessel chartering, pipelines & terminals, etc.
• Master the Total barrel economics, oil market futures, hedging & futures, and price management considerations
• Assess the technical, commercial, legal, safety, and environmental views/aspects of the oil business
• Confidently and positively discuss the technical terms, concepts, and buzzwords with your colleagues and clients

Training Methodology

Participants will learn by active participation throughout the programme through programme materials, case study exercises, quizzes, training videos, and discussion of business case issues in their organisations.