- Multiple DatesWed, Dec 11
Our Upcoming Trainings
Tue, Mar 05
|Indonesia
International Oil & Gas Business Management
This course will provide a basis for functional managers and those whose experience has been limited to a particular area of the industry, to prepare for additional responsibilities by providing a broad base of knowledge covering the total spectrum of the Oil and Gas business and related skills.
Time & Location
Mar 05, 2024, 8:00 AM – Mar 08, 2024, 5:00 PM
Indonesia
About The Training
OVERVIEW
Designed to develop theoretical and practical knowledge, investigative and analytical skills, and the understanding of the business and management process necessary to develop a career in the Oil and gas industry. The program draws on the globally recognized expertise of the staff within the Centre for Energy, Petroleum, and Mineral Law and Policy (CEPMLP). As the oil industry faces challenges related to climate change, alternative energies, energy substitutions, and adverse changes in the quality of available downstream feedstocks, it recognizes the need for managers who have a comprehensive understanding of the industry, including economics, evaluation and decision-making skills and who understand the issues that face the Oil and Gas industries in the future.
This course will provide a basis for functional managers and those whose experience has been limited to a particular area of the industry, to prepare for additional responsibilities by providing a broad base of knowledge covering the total spectrum of the Oil and Gas business and specific skills related to the evaluation of opportunities and enhanced decision-making.
OBJECTIVES
By the end of this training course, participants will be able to:
- Understand all of the value-added steps from the well to the consumer
- Gain an understanding of the ways the Oil and Gas industries have organized to operate effectively and efficiently
- Learn the details of gas processing
- Learn how crude oil is processed into transportation fuels
- Understand the fundamental economic calculus of both the upstream and downstream Oil and Gas industries
- Develop the skills necessary to evaluate opportunities and make effective decisions related to Oil and Gas operations
TARGET PARTICIPANTS
- Engineers
- Managers
- Employees working in the areas of Planning, Marketing, or Finance
- Anyone requiring a broad understanding of the structure, operations, and economics of the Oil and Gas industries
COURSE CONTENTS
1. SOURCES, ORIGIN, AND NATURE OF PETROLEUM
- Fundamentals of organic chemistry
- Definition of Petroleum
- The Oil and Gas Industry
- Basic petroleum geology
- Origins of Hydrocarbon Deposits
- Exploration activities
- Exploration Methods
- Drilling Proposal
- Types of Well
2. OIL COMPANIES, CORPORATE RELATIONSHIPS, AND STRUCTURES
- Operating companies and service companies
- Local, national, and multi-national Oil and Gas companies
- Major International Oil Companies
- National Oil and Gas Companies
- Integrated and non-integrated companies
- Integrated Companies
- Non-integrated Companies
- Organization of Petroleum Exporting Companies (OPEC)
- Other international and multi-national organizations
- International Energy Agency (IEA)
- Production sharing agreements
3. EVALUATION OF OIL AND GAS OPPORTUNITIES
- Building cash flow models
- What is financial modeling?
- Who does Financial Modeling?
- What are the steps in building a financial model?
- Using cash flow models to evaluate projects
- Internal rate of return
- Net present value
- Benchmark indicators
4. MAKING DECISIONS UNDER CONDITIONS OF CERTAINTY AND UNCERTAINTY
- Certainty
- Risk
- Crisis problem
- Uncertainty
- The role of probability in decisions
- Mathematical modeling of business processes
5. BASIC ECONOMICS OF THE OIL AND GAS INDUSTRIES
- Benchmark indicators
- Net present value
- Internal rate of return
- Unit Technical Cost
- Payback & Maximum Exposure
- Making Decisions under Conditions of Certainty and Uncertainty
- Risk & Uncertainty