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Oil and Gas Industry Fundamentals 4-day training - November 2018

Training Course
  • <p>Energy Institute</p> <p>61 New Cavendish Street</p> <p>London, W1G 7AR</p>
  • 2018-11-27 00:00:00.000
    /
    2018-11-30 00:00:00.000
  • 08:45 - 17:00
  • Non-Member - 3400.00
    Member - 3200.00
    + VAT
  • Available in-house
  • Book now

This 4-day course is a leading course presented by an industry expert and practitioner. Delegates will cover the key sectors of the oil and gas industry from exploration through to fuel retailing. They will learn about the industry value chain covering conventional and unconventional resources, drilling and production processes and facilities, economic fiscal and risk issues, transportation, refining, liquefied natural gas, gas to power, gas-to- liquids, petrochemicals, wholesale product markets, contracts, physical and paper trading, retailing, distribution logistics, emerging markets technologies, competition with alternative energies, environmental, safety and security issues.

27 - 30 November 2018

About this training course:

This course comprehensively covers the oil and gas supply chains from exploration through to fuel retailing. 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. This provides understanding and insight to the processes, drivers, threats and opportunities associated with the core industry activities.

The course is interactive with a range of thought provoking exercises and various presentation media, including short videos. The 4-day format allows more time for exercises and details.

Why this training course?

  • Energy Institute is the original and unrivalled provider of this essential course content.
  • The course provides a solid foundation of knowledge to aid career development as well as helping to accrue valuable CPD points.
  • Delegates will receive a certificate of attendance from the Energy Institute

Learning outcomes:

Participants will gain an appreciation of the principal activities in the international upstream, midstream and downstream petroleum industry and an understanding of how these interrelate, as well as an awareness of the impact of external influences and of the ways in which the industry is adapting to increase its competitiveness and meet new challenges.

Who should take this course?

The course will benefit personnel from a range of technical, non-technical and commercial backgrounds with varying levels of experience. This includes:

  • Those seeking a broader knowledge of the oil, gas and energy industry and markets
  • New recruits to oil, gas and energy companies 
  • Analysts, planners, traders, sales, marketing, engineering, refining, communications, public relations and commercial personnel 
  • Those requiring an understanding of the oil, gas and energy value chain 
  • Financial and legal professionals 
  • Ministerial, governmental, industry bodies and development agency staff 
  • Consultants providing services to oil, gas and energy organisations.
  • This course can be delivered over three and four days. The 4-day format allows more time for exercises and details.

Learning outcomes

To understand the principal activities in the international upstream, midstream and downstream petroleum industry and how these interrelate. By the end of this course participants should be able to:

  • Identify where petroleum comes from and how and where it accumulates.
  • Understand exploration and production techniques and their associated risks.
  • Gain insight to petroleum economic, fiscal and project planning issues.
  • Become aware of development, transport and market options for oil and gas.
  • Recognise the ability of refining and petrochemical processes to balance product market demand.
  • Perceive the importance of the trading, hedging and retailing functions to modern, integrated oil and gas companies.
  • Evaluate the threats and opportunities offered by non-conventional petroleum sources and alternative fuels in terms of a range of scenarios.

Course overview:

Day one: Supply chains and upstream

  • Structure of oil and gas supply chains and organisations
  • Exercise: supply chain issues and choke points
  • Petroleum system: oil and gas resource formation  and location
  • Crude oil, gas and natural gas liquid (NGL) properties and types
  • Conventional versus non- conventional resources
  • Petroleum exploration techniques: reconnaissance, seismic and drilling
  • Video: deepwater drilling techniques and equipment
  • Exercise: contingencies for extreme risks
  • Production processes and equipment: onshore and offshore
  • Project planning and managing field developments
  • Video: offshoreproduction platform
  • Sub-surface and above-ground risks and opportunities
  • Roles for OPEC (oil) and GECF (gas)
  • Economic evaluation of field developments
  • Video: deepwaterFPSO offshore WestAfrica
  • Enhanced oil recovery techniques
  • Upstream fiscal terms, production sharing contracts and project finance
  • Exercise: rationalise an upstream asset portfolio
  • Costs and upstream

Day two: Natural Gas, midstream and refining

  • Natural gas: pipelines, storage, and specification
  • Liquefied natural gas (LNG)
  • Video: LNG propertiesand infrastructure
  • Regional gas markets, hubs, NGLs and contracts
  • Exercise: LNG netback prices
  • Shale gas, coal bed methane and gas hydrate resources
  • Gas-to-power and Gas-to- liquids (GTL)
  • Video: GTL–Fischer–Tropsch technology
  • Marine transportation of crude oil and products (Worldscale)
  • Oil and gas pipelines and storage terminals
  • Video: construction of transcontinental pipeline in Caspian Region
  • Exercise: pipeline risk profile
  • Project finance for oil and gas assets
  • Unconventional oil resources: Tar sands, bitumen and oilshales
  • Heavy oil upgrading and syncrudes
  • Video: Canadian tarsand operations
  • Sustainability, public relations and community issues
  • Exercise: addressing community issues

Day three: Refining, petroleum products and downstream

  • Refinery separation, conversion and blending processes
  • Video: refinery conversion processes
  • Refined products, trade movements and their demand trends
  • Refinery economics, gross product worth, crack spreads and margins
  • Exercise: refinery strategy
  • Refinery optimisation and safety
  • Video: refineryaccident
  • Exercise: selling a refinery
  • Product marketing, supply and distribution logistics
  • Wholesale petroleum product markets: aviation, marine, LPG, bitumen
  • Petrochemical feedstock, processes and products
  • Video: petrochemicalplant
  • Retailing road transport fuel
  • Bio-fuels: ethanol and biodiesel renewable fuel obligations
  • Roles for C-stores, non-fuel products and unmanned forecourts
  • Exercise: retail fuel strategy

Day four: Trading and sustainability

  • Physical markets, pricing, price trends, FOB and CIF Sales
  • Exercise: sales contract terms
  • Forward price curve characteristics and influence on trading strategies
  • Trading exchanges and over- the-counter (OTC) transactions
  • Paper markets for trading and hedging
  • Trading instruments: forwards, futures swaps and options
  • Exercise: hedging strategies
  • Competition from coal, renewables and alternative energies
  • Challenges of greenhouse gas (GHG) emissions
  • Carbon capture and sequestration (CCS)
  • Video:CCS
  • Future scenarios for the oil and gas sector
  • Forecasts of global primary energy mix to 2050
  • Exercise: SWOT analysis of industry

Tutor profile:

Dr David A. Wood B.Sc. Ph.D

Dr. Wood is an experienced consultant, with more than 30 years of international oil and gas experience, and provides technical, fiscal and contractual advice, technical and management training to a wide range of oil, gas and energy entities. He has extensive, economic, financial, fiscal operations, project, risk and strategic management experience with many international energy organizations and assets. 

Industry experience includes Phillips Petroleum, Amoco (Africa, Europe & UK) and Canadian independents (South America, Africa, Middle & Far East) with three years based in Colombia and four years based in Dubai. From 1993 to 1998 he was he was UK Managing Director for Lundin Oil & then Morrison Petroleum responsible for a broad portfolio of assets and a staff of more than 100.

For the past decade he has worked as an independent international consultant and expert witness. He has published an extensive body of work on diverse energy related topics including: the international energy markets, performance modelling of fiscal designs, petroleum economic analysis, enterprise risk & portfolio simulation, LNG, GTL and gas supply, deep-water exploration and production techniques, corporate performance, portfolio and strategy management, mergers & acquisitions, negotiations & project management. 

He is actively involved in diverse professional training, research, publication and development programmes. He is a member of the Energy Institute (MEI) and the Petroleum Exploration Society of Great Britain and associate editor of the Journal of Natural Gas Science & Engineering.

CPD Points:

21

Contact details:

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