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Course Schedule
Classroom Sessions:
DateVenueFees
28 Jul - 01 Aug 2025 Dubai - UAE $5,950
27 - 31 Oct 2025 Abu Dhabi - UAE $5,950
10 - 14 Nov 2025 Amsterdam - The Netherlands $5,950
11 - 15 May 2026 Geneva - Switzerland $5,950
27 - 31 Jul 2026 Dubai - UAE $5,950
26 - 30 Oct 2026 Abu Dhabi - UAE $5,950
09 - 13 Nov 2026 Amsterdam - The Netherlands $5,950
Course Description

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
Course Outline

DAY 1

Oil and Gas Industry Value Chain

  • Characteristics of upstream oil and gas business
  • Phases of upstream oil and gas operations
  • Challenges in upstream operations
  • Oil & gas reserves, production, consumption & trade
  • The role of the integrated professional team in managing the business

DAY 2

Petroleum Economics

  • Net cash flow: Definitions, gross revenue, capital costs, operating costs, abandonment costs, and government take
  • Economic life reserves, abandonment
  • Profit income tax and loss carry forward
  • Sunk costs
  • Inflation
  • Economic indicators, NPV, IRR, CPI, and payout time.

DAY 3

Petroleum Contracts

  • Principal licensing and contractual arrangements
  • The modern concession contracts
  • The production sharing contracts
  • Participation agreements and joint operation agreements (JOA)
  • Service contracts, pure service contracts, risk service contracts
  • Financing in the international oil & gas industry
  • Comparative analysis of the different contract forms

DAY 4

Decision-Making in the Oil and Gas Industry

  • Decision tree analysis
  • Value of information
  • Exploration drilling decisions
  • Production decisions
  • Making management decisions under conditions of certainty

DAY 5

Risk Analysis

  • Uncertainty in oil and gas projects
  • Risk-free return
  • Risk of the proposed project
  • Treatment of risks in project appraisal
  • Sensitivity analysis
  • Portfolio analysis
  • Hedging – risk management
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE) : 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

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

PetroKnowledge

PetroKnowledge

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

Visit website

The Energy Training Centre

The Energy Training Centre

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

Visit website

KC Academy

KC Academy

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

Visit website

Options & Brochure
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Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

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