EI online courses

Module 12 - Drilling technologies and their applications

This module describes the processes and technologies involved in drilling borehole to exploit oil and gas resources in onshore and offshore environments, including deep water. The different equipment components involved and their functions, safety systems and the various types of wellbore drilled by the industry are explained.

Module 1 - Oil and gas value chains and the resources and reserves that feed them

This module describes the significance by global region of oil and gas in the context of primary energy supply and consumption. It distinguishes the significance of the upstream, midstream and downstream components of the supply chains and what constitutes reserves and resources.

Module 8 - Uncertainty management: risk and opportunity

This module describes the numerous facets of uncertainty to which the oil and gas industry is exposed and the risks and opportunities such exposure leads to. Different approaches to characterising and assessing those uncertainties are considered, including quantified probabilistic systems. The benefits of comprehensive integrated enterprise risk management systems are highlighted.

Module 3 - Subsurface petroleum systems and resource characteristics

This module describes the main chemical and physical characteristics used to distinguish different types of crude oil in the upstream industry. It highlights the subsurface conditions that determine where oil and gas exists naturally in the Earth’s subsurface (the petroleum system) and how that drives the exploration and appraisal process.

Module 9 - Upstream petroleum economics and valuation

This module describes how careful considerations of cost, revenue and taxation components are required to accurately value oil and gas assets and companies. Integrating cash flow and income analysis is required and for time-value  considerations discounting adjustment need to be implemented. The basis and benefits of discounted cashflow analysis are explained. 

Module 18 - Midstream: transportation and storage

This module describes the activities and facilities associated with the midstream sector of the oil and gas industry. This sector includes transportation (pipeline, shipping, river barge and road vehicle) and storage in above-ground tanks and below-ground storage reservoirs. Midstream facilities and activities are involved in the supply chains upstream and downstream of refineries and petrochemical plants.

Module 10 - Oil and gas acquisition and divestment activities and strategies

This module describes the significance of acquisition and divestment to the oil and gas sector, the processes involved and the trends of activity over recent years and decades. It identifies the main types of deal structures involved and why a portfolio approach is required to make appropriate decisions regarding appropriate assets to buy, hold or sell.