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Economics of the Oil and Gas Industry - October 2019

Training Course
  • Nigeria
  • <p>Lagos Oriental Hotel</p> <p>11th Floor, New Office Wing</p> <p>3, Lekki-Epe Expressway, Victoria Island, Lagos</p>
  • 29-10-2019
    /
    30-10-2019
  • 09:00 - 17:00
  • Non-Member - ₦ 315000.00
    Member - ₦ 300000.00
  • Available in-house
  • Book now

This 2-day course introduces the economics that drive the oil and gas industry. Participants in this course will learn about the oil and gas value chain and will consider the costs, revenues and risk associated with various stages in the chain. Basic economic principles such as Net Present Value and Internal Rate of Returns will be introduced and illustrated with examples from the oil and gas industry.

20% discount on all Oil and Gas classroom training courses in July and August - use promo code OGTJA20 when booking. Expires 1 September.

Who Should Attend this Course?

  • 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

Course Outline

  1. Overview of Oil and Gas Value Chain

-          Introduction to the Oil Value Chain

-          Introduction to the Gas Value Chain

-          Capital and Operating Costs

-          Major Projects

-          Commodity Financing/Project Financing

  1. Project Economics – NPV’s, IRRs and others

-          Introduction to economic terms – NPV, IRR, DCF etc

-          Introduction to cash flows

-          Project examples

  1. Economics of Exploration and Production

-          Typical Project Costs

-          Risks and Rewards

-          Typical Contracts and Fiscal Terms – Concessions, PSA’s, Service contracts and more.

-          Reserves and Reserves Certification

  1. Pricing of Oil and Natural Gas

-          Influences on world oil price

-          Marker crude oils

-          Crude oil characteristics and quality differentials

-          Crude oil trading (overview)

  1. Refinery Economics

-          Introduction to Refining

-          Refining margins and GPW

-          Typical Project Costs – review of CAPEX and OPEX for refineries

-          Risks and Rewards

  1. The Economics of Gas Monetisation

-          Introduction to Gas Monetisation – Pipelines, LNG, Petrochemicals and GTL

-          Typical Project Costs – review of CAPEX and OPEX for gas monetisation projects

-          Risks and Rewards

  1. Valuation of Oil and Gas Assets

-          Valuation methods for oil and gas assets

-          Mergers and Acquisitions in the oil and gas industry

  1. The Economics of Gas Monetisation

Tutor profile:

This course is delivered by two experienced oil & gas professionals.

Omowumi O. Iledare, Ph.D, the newly appointed Ghana National Petroleum Corporation (GNPC) Professorial Chair in Oil and Gas Economics and Management at at the Institute for Oil and Gas Studies, University of Cape Coast, Ghana, is Professor Emeritus in Petroleum Economics and Policy Research at Louisiana State University, Center for Energy Studies, USA. He is the former Director, Data and Energy Information and former Director, US Gulf Coast Petroleum Technology Transfer Council also at Louisiana State University, Center for Energy Studies, Baton Rouge, USA.  Iledare is also the immediate past Director of the Emerald Energy Institute, University of Port Harcourt, Nigera. He also recently served as petroleum fiscal policy team leader and member of the technical team advising the 8th Nigeria National Assembly Committees on Petroleum Industry Reforms from 2016-2019 and he has taught petroleum economics to oil gas professionals in acadmina, business and govdrnment worldwide since 1990s. An expert in Geopolitics of Oil and Gas Resources and Supply, Upstream Petroleum Economics, Management and Strategy, Petroleum Fiscal Systems Economics, E&P Decision Analysis under Risk and Uncertainty, and Oil and Gas Policy and Regulation Economics, Iledare is the Chirota and Emmanuel Egbogah Distinguished Professor and Executive Director of Emmanuel Egbogah Foundation, a gratis appointment, domiciled at the Emerald Energy Institute Building, University of Port Harcourt and the Executive Vice President at the Interntional Institute for Petroleum Energy & Policy (IIPELP) Center for Energy Economics, Abuja.

Akinyemi Osinubi is a Chartered Financial Analyst with twenty years experience in Project Finance, Financial Strategy, Private Equity & Corporate Finance. His skillsets encompass financial modeling & valuation, business analysis & corporate planning, capital budgeting & forecasting, investment evaluation & due diligence, infrastructure project delivery via PPP and capital raising. As the Senior Country Officer for the IFC, he supported the Country Management Unit in coordinating activities of IFC clusters in Infrastructure & Natural Resources (INR), Manufacturing, Agribusiness & Services, (MAS) Financial Institutions (FIG), Technology, Media & Telecommunications (TMT) in addition to having responsibility for the Public Private Partnership (PPP) Transaction Advisory program in Nigeria and briefing investment partners on Nigeria’s macro economic and sectorial performance. He currently runs an investment advisory firm for clients requiring market and financial strategy for their businesses.

Contact details:

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