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International Petroleum - Oil and Gas - Operation, for Non-Technical Staff: Mineral Rights, Upstream Oil and Gas Mineral Lease Contracts, Exploration, Drilling, Production and Sale

By: HRODC Postgraduate Training Institute

United Kingdom

07 Aug - 27 Oct, 2017  3 months, 21 days

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GBP 45,000

By the conclusion of the specified learning and development activities, delegates will be able to demonstrate a heightened understanding of the following concepts and issues:

  • Be familiar and gain notable understanding on the different oil and gas concepts
  • Determine the importance of 3D and 4D seismic in locating oil and gas reserves
  • Understand the basic of joint venture contract
  • Differentiate upstream, midstream and downstream oil and gas industry
  • Identify what constitute horizontal, vertical and full integration activities
  • Know the procedures involved in oil and gas exploration and production
  • Enumerate the different downstream activities
  • Specify the advantages and disadvantages of exploring vertical integration
  • Ascertain the factors favouring horizontal integration
  • Establish the governing policy among the parties in oil well lease
  • Describe the nature of long-term explicit contracts
  • Learn the basic of franchise agreement in the oil and gas sector
  • Realise the importance of joint ventures in the oil and gas exploration and production
  • Explain the rules on co-allocation of facilities
  • Understand the underlying concepts of implicit contract
  • Learn some techniques in conducting geological research and oil exploration
  • Discover the basic of drilling and mining operation
  • Distinguish natural and artificial lifts in the oil and gas production
  • Explain the principles of gas processing
  • Differentiate between Successful Efforts (SE) and Full Cost (FC) Accounting
  • Discover how oil and gas are marketed
  • Discuss the oil and gas production separator principles
  • Explain “Amine Sweetening” and “Glycol Dehydration” principles
  • Discuss the principle of Emulsion and Vertical Heater Treater
  • Learn the basic of health and safety in the oil and gas industry
  • Categorise fatal or major injuries
  • Identify the different types of accidents
  • Discover the applicable rule for over-three-day injuries to offshore workers
  • Name the different institutions and their corresponding regulations for the health and safety of workers
  • Specify the functions of safety release valves and ruptured disc
  • Explain how Pressure Safety Valve (PSV) are operated and tested
  • Be familiar with gaswell blowouts
  • Discuss the principle of Hydrogen Sulphide in relation to worker’s safety
  • Gain familiarity of Blow-Out Preventers (BOP)
  • Recognise the new generation BOPs
  • Know how to deal with BOP’s malfunctioning
  • Analyse BP oil disaster
  • Understand the operations of the Oil and Gas Industry in international perspective
  • Understanding Oil and Gas Reserves

Analyse the current status of oil and gas industry in the global economy in the following aspects:

  • Oil and Gas Supply
  • Industry Financial Performance
  • The Role of Organization of Petroleum Exporting Countries (OPEC)
  • The Resource Curse
  • Players in the oil and gas industry
  • International Oil Companies (IOCs)
  • National Oil Companies (NOCs)
  • The strategic goals of IOCs and NOCs other firms.
  • Outline the Oil and Gas Industry Value Chain
  • Distinguish upstream, midstream and downstream oil and gas company
  • Determine some effective Business Strategy adopted by the oil and gas sectors
  • Know how the oil and gas industry has evolved over the years
  • Specify the innovation introduced in the oil and gas sector and the technology utilised therein
  • Explain the concept of mergers and acquisitions in the oil and gas industry
  • Name some industry substitutes and alternative fuels used in the industry
  • See the future of the global oil and gas industry
  • Specify the role and value of oil and gas in terms of national security and national wealth
  • Determine the interest of the Government and Corporation in the oil and gas companies
  • Discover how National Oil Companies (NOCs) had evolved
  • Establish the relationship between NOC and IOC
  • List the Strategic Interest of IOCs and NOCs
  • Understand the founding principles, market share and emerging strategy of the Organization of Petroleum Exporting Countries (OPEC)
  • Discuss the issue regarding curse of oil
  • Identify the countries afflicted by the curse
  • Explain the economics of the curse of oil
  • Suggest ways to avoid the curse of oil
  • Analyse the domestic politics of oil and gas

Learn how Project Opportunities are developed, particularly in terms of:

  • Project evaluation process
  • Project life-cycle reviews
  • Explain the concept of joint development in the oil and gas industry
  • Perform project financial and risk analysis
  • Enumerate the steps involved in project execution
  • Learn how to handle contractor relationships
  • Know the interrelated nature between contractor relationships and supply chain
  • List the types of contractor relationships

Learn how to attain successful contractor relationships in terms of:

  • Evaluating the environmental impact
  • Assessing the socioeconomic impact managing safety.
  • Learn how to deal with problems in project development and suggest ways to avoid or resolve them
  • Define the reproduction costs and production cost as used in the upstream oil and gas company
  • Determine the accounting process employed for upstream costs
  • Explain the concepts of ED&P and the Cost of Business
  • Analyse the performance and the strategies employed by oil and gas companies to gain competitive advantage

Understand the following terms in oil economics:

  • Multiple products
  • Working interest
  • Valuing production on a per barrel basis.
  • Discuss strategic cost management in the oil and gas industry

Discuss the concept of field reinvestment and renewal, specifically in terms of:

  • Production enhancement
  • Enhanced recovery costs
  • Mature field valuation continuous learning.
  • Learn how to manage contractor supply chain
  • Determine the bargaining power available to the contractor
  • Learn how to deal with joint venture conflict and suggest ways to avoid or resolve them
  • Learn how operated-by-others projects are managed
  • Understand learning and knowledge sharing in joint ventures
  • Know how to manage political risk
  • Determine the technology innovations in the upstream oil and gas industry
  • Explain the innovations in technology and cost control
  • Identify the chevron cost control
  • Learn how to develop agreements relevant to oil and gas projects
  • Find out how the right to develop a project is achieved
  • Determine the petroleum fiscal regimes

Define, Explain and give the importance of the following added contractual features:

  • Signature bonuses
  • Domestic market obligations
  • Investment uplifts stabilization clause.
  • Name the top-line risks in the petroleum industry
  • Relate the evolution of PSA
  • Identify the fiscal regime in the oil and gas sector
  • List some government and policy changes relative to the oil and gas industry

Learn the following aspects of Business Financing in the oil and gas industry:

  • Basic Balance Sheet
  • Managerial Balance Sheet
  • Funding the Firm
  • Revenue and Earnings
  • Financial Performance
  • Performance and Creditworthiness Windfall Profit.

Be familiar with the following capital sourcing for the oil and gas industry:

  • Corporate finance
  • Public equity
  • Private equity
  • Venture capital
  • Project finance
  • Multilateral lending
  • State interest
  • Oil loans petroleum finance.
  • Differentiate E and P firms from downstream oil and gas
  • Explain the concept of ruminations on valuation
  • Know the chemistry and form of natural gas
  • Demonstrate a heightened understanding about natural gas reserves, fields and production
  • Identify the use of natural gas and its markets
  • Learn the fundamentals gas pricing
  • Know how gas and oil are traded and marketed
  • Establish the gas-to-oil linkage
  • Learn about the integrated LNG project
  • Determine how LNG is priced and marketed
  • Discuss about LNG break-even
  • Answers some LNG case study
  • Be familiar with the concept of Gas to Liquids (GTL)
  • Be knowledgeable about the demand, supply and transportation costs of crude oil
  • Summarise the history of crude price
  • Describe the two crude price eras
  • Establish the link between crude oil and commodity
  • Learn the benchmarking strategies of crude oil producer company
  • Know how the price of crude oil is determined and the transactions involved
  • Discover how oil and gas are transported
  • Understand the gathering systems, construction and operation of pipeline
  • Relate the brief history of oil tankers
  • Describe the evolution of tanker design
  • Find out how oil tankers shift the competitive balance
  • Describe the modern super tanker
  • Specify the governing rules and policy in chartering a vessel
  • View an example of shipping contracts
  • Know the present tanker charter rates
  • Identify the role, duties and responsibilities of tanker operators
  • Name some environmental risk posed by the transportation of gas
  • Describe the downstream transportation global refining
  • Enumerate the refining process and state what happen in each stage
  • Demonstrate a heightened understanding about the refinery product mix
  • Learn how to refining margins and profitability
  • Ascertain how petroleum products are sold and marketed through the different channels
  • Know where gasoline at a particular station comes from
  • Understand fuel standards and specifications
  • Name some OIC (Oil Major) in fuels marketing
  • Ascertain the determinants for the retail price of motor fuels
  • Know what influence zone pricing
  • Enumerate the important factors in the retail price of motor fuels
  • Explain the price elasticity of motor fuels
  • Describe how motor fuel prices are politicized
  • Learn about aviation fuel, lubricants, fuel oils for heating and power generation and asphalt and propane
  • See the overview of chemical industry
  • Learn about petrochemical production
  • Identify some commodity and specialty chemicals
  • Describe the structure of oil and gas industry
  • Determine the profitability aspect of the oil and gas industry
  • Explain the concept of peak oil demand, crude oil, shift to gas and shale gas
  • Identify the substitute products and renewable/alternative energy
  • See the growing demand for energy
  • Evaluate the present status of price, supply and demand volatility
  • Establish the link between global market and pricing for natural gas

Determine the persons involved in the oil and gas industry and their strategies in the following areas:

  • Downstream and chemicals
  • Refining and fuels marketing
  • Availability of capital
  • Deep water horizon oil spill
  • Safety and environment talent shortage.
  • Determine the future of oil and gas firms
  • Enumerate the powers of national companies.
  • Conduct interviews
  • Analyse results of surveys
  • Determine how communications audit is performed
  • Evaluate the result of the survey
  • Measure public relations outcomes
  • Make research via the internet to gather additional information for public relations research
  • Make use of outside research help.
London, UK Aug 07 - 27 Oct, 2017
GBP 45,000.00(The course cost does not include living accommodation. However, delegates are treated with the following: Continuous snacks throughout the Event Days; Hot Lunch on Event Days; City Tour; Hand-outs; Stationery. We offer very attractive discount for groups)
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+44 7736147507; +44 1902 763607; +44 2071935906; +

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