The international oil and gas business is both capital intensive and technically complex. Its value chain is fraught with potential risks and uncertainties both in the upstream and downstream sectors. Traditional oil and gas companies have to conduct their business with escalating levels of complexity and increasing competition. Innovative technologies such as enhanced oil recovery, oil or tar sands, and other unconventional fossil fuels particularly the shale oil boom and hydraulic fracturing are changing the landscape of the industry.
International oil and gas suppliers upstream, and refiners and traders downstream, require several cross-functional aptitudes so as to maximize their effectiveness. Managers and professionals, by definition have a need therefore to continually expand their business knowledge and improve their skills and understanding of the market’s latest trends.
On completion of this programme the delegates will have developed the following competencies:
- The essentials of international oil supply, economics and transportation
- The key economic drivers of the international oil gas value chain.
- Primary logistics- tanker freight costs and chartering
- Supply logistics- major international pipelines, shipping routes, and choke points
- The configuration and structure of different refineries from simple to complex
- The value of crude oil based on product market prices retail and distribution
- Key points on product quality and blending to specification