Fundamentals of Oil and Gas Industry
Programme description & objectives
This course comprehensively covers the oil and gas supply chains from exploration through to fuel retailing. Along the way it addresses conventional and unconventional reserves and resources, drilling and production processes and facilities, economic fiscal and risk issues, transportation, refining, gas to power, wholesale product markets, contracts, physical and paper trading, retailing, distribution logistics, emerging markets technologies, competition with alternative energies, environmental, safety and security issues. As such, it provides understanding and insight into the processes, drivers, threats, and opportunities associated with the core industry activities. In doing so the course is interactive with a range of thought-provoking exercises and various presentation media, including a number of short videos.
Oil & Gas Strategy, Planning & Operations Management
Programme description & objectives
In the chain between oil rig and customer lies a number of functions all of which have an effect on the final margin available to the marketers. When it comes to efficiency and profitability of an oil and gas facility, the deployment and the control of appropriate strategies, planning, and operations management are the core functions that will help deliver the products to the right place, at the right time, in the right quantity and at the right price.
Oil & Gas Supply Chain Continuous Improvement Initiatives
Program description & objectives
In the quest to cut expenses, operate more efficiently, become more agile, adaptable and aligned to prevailing market conditions, companies have had to push the concept of continuous improvement initiatives to the front burner. During this training, value-adding job and process owners are taught the primary keys to set up and implementing a successful continuous improvement approach. One of the major keys is to eliminate waste on a continuous basis, while also accelerating the time spent in planning, designing, shipping and other areas that complete the chain. Participants attending this course will have the opportunity of learning the basic continuous improvement tools and techniques of Root Cause Analysis, Problem Solving, and Business Improvement approach. This is with an aim to enabling participants to engage knowledgeably in improvement projects up to the standard usually associated with Total Quality programs, Quality Circles, and Gemba Kaizen.
Oil & Gas Logistics & Supply Chain Management
Programme description & objectives
This course targets experienced senior logistics and supply chain management staff. It is aimed at directing and focusing their strategies to providing answers and solutions to the strategic decisions of how to respond more quickly to changes in global demand, how to eliminate inefficiencies when changing operations in response to economic shifts, how to mitigate and prevent risks, and how to increase profits by optimizing the supply chain.
At the end of this program, participants would have been armed with the underpinning knowledge that equips them to make informed decisions about the size, structure and acquisition alternatives in the provision of supply chain resources in support of the business. The course is also important for staff moving into the management of logistics and supply chain from other parts of the business.
Budgeting, Planning, and Forecasting for Oil and Gas Industry
Programme description & objectives
All organizations operating in the oil and gas sector must regularly develop, manage and adjust budgets and forecasts to reflect changing market conditions and their competitive performance. To do this successfully and establish credible budgets that function as useful
and user-friendly management tools to monitor and help improve performance, it pays to be aware of and incorporate the best budgeting, planning, and forecasting practices.
Budgets can assist in the benchmarking process, but only if they incorporate appropriate key performance indicators (KPIs). Budgets should also be sufficiently flexible to help managers to address some difficult questions and decisions, such as: How do we as an organization respond to a sudden increase (decrease) in the oil (gas) price we are paid for our production? And what does that mean for our expected period-end bottom line? How might we cut costs and improve our efficiency? How best might our working capital requirements be optimised? To facilitate, justify and support such decisions, systematic and structured approaches to budgeting, planning, and forecasting are essential.
Oil and Gas Accounting
Programme description & objectives
This program is designed and packaged to shed light on the specialist area of Oil and Gas Accounting as it relates to exploration and production activities. Delegates are afforded insights into the intricacies and peculiarities of the treatment of depreciation and amortization to full cost accounting to the determination and verification of drilling costs.
By the end of the programme, delegates will learn how to:
- Develop understanding of the accounting standards, policies, and practices used by companies in the Oil & Gas Exploration & Production industry
- Appreciate the nature and financial implications of Production Sharing Contracts and other agreements between host governments and international companies
- Examine issues and guidelines in accounting for Joint Ventures
- Identify and know how to apply international and national accounting standards most relevant to the E&P industry
- Improve relevance and reliability of financial reports to better meet the needs of users
- Review and use publicly available information for benchmarking the business performance of companies in the E&P industry
Price Risk Management in the Oil & Gas Industry
Programme description & objectives
Risk management instruments and markets are explained in full and strategies for their use for hedging and price management are studied and practiced. The value of optionality is studied and technical analysis of the markets continues through the duration of the program. Management control and risk measures are also discussed. Delegates will learn to compare the performance of different instruments as market conditions change over time and learn how to choose an appropriate instrument to meet their objectives.
Overview of Petroleum Economics
Programme description & objectives
Participants attending this program will have a thorough background understanding of the general concept, procedure, and terminology of Project Economics and Profitability analysis as it relates to the petroleum sector. In particular, it is structured to emphasize the peculiarity and fiscal arrangement of the petroleum industry. It also provides project managers and analysts with a quantitative consideration of risk and uncertainty and how these factors can be used in formulating investment strategies in the industry. The program will also review the various contractual and fiscal terms prevalent in the local and International petroleum industry and how the various arrangements affect overall investments and profitability in the sector.
Oil Marketing
Programme description & objectives
This is a new course that will provide delegates with international best practice marketing theory and management approaches commonly applied to domestic and international oil markets. In a workshop format, delegates will use the marketing mix as a decisionmaking framework and understand the vital differences between Business-to-Business (B2B) and Business-to-Consumer (B2C) marketing. With examples drawn primarily from downstream oil markets, it includes customer and buyer behavior models, market structure and segmentation techniques, import and export parity pricing and other pricing methods, marketing planning, distribution and principles for effective organizational design.
Planning and Economics of Refinery Operations
Programme description & objectives
This intensive, 4-day course will enable delegates to understand the essential elements of refinery operations and investment economics, to review the various parameters which affect refinery profitability and to develop a working knowledge of the management tools used in the refining industry. Delegates to the program will learn:
Production Planning and Scheduling in Petroleum Refineries
Programme description & objectives
This programme is specifically designed to identify and resolve issues of production planning and scheduling most commonly encountered by refinery personnel. The program is structured to tackle the issues bedeviling operations scheduling for petroleum refining. It will also be enhanced with planning and scheduling examples and will provide relevant background information on the subject. Participants in the program will:
Oil and Gas Contracts & Negotiations
Programme description & objectives
The oil and gas industry does business through contracts – yet so often the details are only understood by the core legal team who create them. Whether the subject under discussion is the purchase of a new oil exploration license or the provision of specialist oil services, the obligations each party is committing to, and the rewards they will gain are determined by the contract. This program thus focuses on the most important areas a commercial manager in an oil and gas company should be looking at when he is putting a new contract in place. What should he be asking his legal team to include? How can he negotiate ‘better’ contracts with suppliers and business partners? How can he protect his business, if disputes develop? These are just a few of the questions this programme will address, focusing on contracts and negotiations in the oil and gas industry.
Commercial Fundamentals of the Upstream Oil & Gas Industry
Programme description & objectives
This is a unique program structured to both introduce and better enlighten delegates. Attending this unique course is expected to provide participants with a complete understanding of all the commercial elements of the entire upstream business operation of the oil and gas industry. It is particularly beneficial to professionals from a wide range of backgrounds and will equip or enhance their upstream core commercial and management skills and competencies.
The program provides participants with a practical, thorough and in-depth understanding of how upstream commercial works and how each part of the value chain should be tackled. It will enable participants to gain an insight into the approaches of all the players in the industry. The course is highly practical with all key points illustrated throughout by examples of real-life projects, case histories, and situations. Benefits of the program are expected to include:
Energy Markets & Energy Derivatives
Programme description & objectives
Through a perfect balance between theoretical concepts and practical applications, this course is designed and structured to be delivered using a dynamic combination of seminars, workshops and case studies. This intensive and highly interactive course covers the physical energy markets and their associated derivative contracts. The course will provide delegates with comprehensive insight and understanding of the different markets and contracts and the relationship between them. Building on this the course further explores the workings of the different derivative contracts, pricing methodology and how to measure their associated risks and rewards.
Auditing for Oil, Gas and Petrochemical Companies
Programme description & objectives
Auditing non-core activities often prove more difficult to audit because the associated risks to business objectives are often less well known and are new territory for the business as well as for the internal auditors. However, this well-sought-after program is designed to provide practical and valuable guidance on risk-based operational auditing and leading-edge techniques in auditing.
The training sessions are structured to further enlighten participants’ knowledge on how to identify and prioritize the risks and assess the efficiency, effectiveness, and economics of both core and non-core business processes. Thus providing hands-on activities to help delegates gain confidence in the presented techniques.
Petroleum Marketing Masterclass
Programme description & objectives
This comprehensive training course addresses the critical issues faced by every marketer when the company looks to you to combine the objectives of the organization with the needs and opportunities in the marketplace.
This Masterclass is aimed at those individuals who are destined for senior Marketing, Sales or General Management positions within their organization. The seminar will pull together the product, pricing, promotion, positioning and distribution channels into a business-building marketing mix and a strategic marketing plan. Upon successful completion of the course attendees will:
Managing Project Risks in the Oil and Gas Industry
Programme description & objectives
The need for a proper and wholesome management of oil and gas projects cannot be overemphasized. This is given the amount of both human and financial resources involved. The effective management of project risks is therefore of great importance to the industry as a whole. This course thus provides a structured approach to managing project related risks that guarantee the protection of value. On another hand, the program would ensure the minimization of the likelihood of major events affecting not only the project but also the organization as a whole.
At the close of this program, it is expected the delegates would be able to: