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Mastering Upstream and Downstream Dynamics in Oil and Gas
Overview:
Introduction:
This training program is designed to provide comprehensive instruction on the latest technologies, best practices, and management strategies in upstream oil and gas operations. It equips both petroleum and non-petroleum professionals with the knowledge and skills necessary to excel in the dynamic field of upstream energy production and management.
Program Objectives:
At the end of this program, participants will be able to:
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Gain a comprehensive understanding of the entire oil, gas, and LNG business, covering exploration, drilling, production, refining, petrochemicals, sales, marketing, and trading.
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Advance towards top-tier corporate positions by acquiring in-depth industry knowledge and expertise.
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Explore the technical and economic efficiencies in Upstream and Downstream operations, leveraging new technologies.
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Master petroleum economics, investment analysis, risk assessment, and project evaluation techniques.
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Evaluate fiscal terms, conditions, and global fiscal systems to enhance business acumen.
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Understand contract types such as Concessionary, Production Sharing, Service, Joint Venture Contracts in Upstream, and Sales, Marketing, and Trading Contracts in Downstream.
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Enhance comprehension of downstream fundamentals, including refined product quality, blending, valuation of oil for trade, freight calculations, refinery margins, vessel chartering, pipelines, and terminals.
Targeted Audience:
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Business Development managers, Joint Venture officers, and Negotiators.
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Corporate Planning professionals and Equity analysts.
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Geoscience & Engineering professionals and Refinery professionals.
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Supply Planners & Scheduling professionals and Trading professionals.
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Government regulators, Compliance officers, and Law professionals.
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Tax & Finance advisors and Auditing personnel.
Program Outlines:
Unit 1:
General Industry Overview & Basic Concepts:
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Introduction to Oil & Gas Industry.
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Petroleum Industry Dynamics & Future Trends.
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Oil & Gas Geology.
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Oil & Gas Prospecting (Exploration).
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Drilling Operations.
Unit 2:
Upstream Success Factors:
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Technological Advances.
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Well Evaluation.
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Well Completions.
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Reservoir Depletion Mechanisms.
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Oil & Gas Surface Facilities.
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Transportation.
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Maintenance of Oil & Gas Facilities.
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Oil & Gas Reserves.
Unit 3:
Profitably Managing Upstream Business:
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Oil & Gas Reserves.
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Reservoir Management.
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Crude Oil Refinery Products & Processes.
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Legal Framework of the Industry.
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Project Economics.
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Oil Price Risk Management.
Unit 4:
Upstream Production Contracts & Fiscal Systems:
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Relationships between Oil Companies and Host Governments.
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Understanding Petroleum Fiscal Systems.
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Identification of different types of fiscal terms and their application.
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Concession (royalty/tax) Contracts.
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Production Sharing Contracts.
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Service contracts and Joint Venture Contracts.
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Review & Comparison of Different Fiscal Systems in the world for the Petroleum Industry.
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Fiscal options and latest trends for Liquefied Natural Gas (LNG) projects.
Unit 5:
Petroleum Economics, Risk Analysis, and Project Evaluation:
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Petroleum dynamics – Global, Regional & OPEC production scenarios.
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Profitability indicators for oil & gas business.
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Comparison and investments selection criteria.
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Corporate portfolio management and maximize returns.
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Risk & Uncertainty analysis in capital investments.
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Evaluate projects by risk-based economics.
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Fundamental Considerations in Petroleum Project Evaluation.
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Investment Decision-Making Techniques.
Unit 6:
Petroleum Refining, Refined Products & Petrochemicals:
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Introduction to Petroleum Downstream Industry.
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Physical & Chemical properties of crude oil.
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Crude oil selection criteria for refinery.
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Essential of Petroleum Refining Industry.
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Major refinery processes and refinery units.
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Simple Hydroskimming Refinery, Deep Conversion Coking Refinery.
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Refinery Optimization.
Unit 7:
Global Oil Supply and Petroleum Economics:
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Making Downstream connection with Upstream Industry.
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The essence of International Oil Supply – Global Reserves, Production & Trade.
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Fundamentals of Oil Economics, Fundamentals of Crude Oil Transportation – Tankers and Chartering.
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Basic Principles in Pricing and Overview of Markets, Crude Oil Markets.
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Global Crude Oil Supply-Demand balance, and its impact on prices.
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50-Years history of Crude Oil Pricing, and its current pricing dynamics.
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Marker crudes and crude oil Benchmarks.
Unit 8:
Downstream Value Chain Optimization:
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Essential Elements in Crude Oil Sales Contracts to Refineries.
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Basic Crude Oil Refining and Advanced Refinery Upgrades.
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Importance of Petrochemicals and its impact.
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Refining and Petrochemicals Integration.
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Value Chain Optimization and Maximizing Return on Investment.
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Managing Contractual and Environmental Risks.
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Pipelines, Storage and Transportation Logistics in Downstream.
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Refinery Economics and Optimization of Downstream.
Unit 9:
Downstream Market Structures and Trading:
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Introductory Concepts in Oil Trading.
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Interface with retailers.
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Downstream Supply Chain management.
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Total Barrel Economics.
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Oil Market Derivatives – Futures, Forwards, Swaps, Option.
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Price Volatility Exposure and its Defensive Practices.
Unit 10:
Downstream Petroleum Dynamics and Risk Management:
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Hedging – Risk Management.
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Pricing Management.
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Derivatives.
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Examples of Oil & Gas Futures Contracts, Swaps, and Options.
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Common mistakes by Oil & Gas Companies in Hedging.
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A Guide to Developing A Corporate Fuel Risk Management Policy.
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Challenges to Petroleum Industry and Trends in New Technology.