This course is suitable for a wide range of professionals but will greatly benefit:

• New entrants to the Oil & Gas industry
• Oil and Gas professionals:
• Senior and middle managers
• Accountants and finance professionals responsible for financial accounting, treasury, internal audit, budget preparation and management reporting
• HR, contracting and procurement and IT professionals
• Line managers with strategic planning and operational budgeting responsibility
• Professional advisers and Business Consultants

By the end of this course, participants will be able to:

• Build knowledge as to nature and challenges facing the oil and gas industry
• Understand the key players and commercial drivers
• Examine the industry structure with specific emphasis on the ‘upstream’ component
• Understand framing agreements including joint ventures and production sharing contracts
• Examine the importance of effective project planning and execution

Day One: The Oil and Gas Industry Commercial Drivers - Overview

• The nature of the Oil and Gas industry
• Upstream, midstream and downstream operations
• Exploration, evaluation production and reserve estimates
• Structures and business models -Lifting and production costs
• Strategic challenges and opportunities facing the industry’s key players

Day Two: Oil and Gas Exploration and Production Arrangements

• IOC’s & NOC’s Fiscal agreements &contracting strategies for the oil and gas industries
• Reward structures and options
• Importance of project planning
• Front end loading - Hot spots and challenges
• Capital project planning and execution
• Implementing effective project control framework

Day Three: Oil and gas Project Economics, Cost & Estimation

• Evaluating project opportunities
• Cash-Flow Analysis and Time Value of Money
• Key Profitability Indicators NPV, IRR, UTC, Payback
• Calculating a discounted cash flow
• What is a cost estimate and what factors influence an estimate?
• Earned value management analysis for measuring project performance and reporting

Day Four: Risk Management Application

• What is risk management and why it is important?
• Risk management as applied to capital projects.
• Specifying objectives and identifying project uncertainties
• Technical and non-technical risks
• Risk register review and analysis
• Stakeholder identification and mapping

Day Five: Oil and Gas Capstone Case Study

• Case study – The Shale Gas Revolution in the United States
• Impact of shale gas on the world Oil and Gas stage
• Geopolitics of Oil and Gas pricing
• Summary and course wrap up