Essential Skills for Oil & Gas Professionals

Course details

The Oil & Gas industry is undergoing the most significant changes that we have seen for many years with new business models, companies and sources emerging. With the international demand for petroleum products reaching record levels hit record high levels so too is the complexity facing the Oil & Gas industry. This seminar provides the skills to build knowledge of the oil and gas industry, as well as the necessary competencies to meet the challenges currently being faced.

Is it right for me?

Suitable for:

• New entrants to the Oil & Gas industry
• Oil and Gas professionals:
• Senior and middle managers
• Accountants and financeprofessionals 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

What will I learn?

By the end of this course you will be able to:

• Successfully build knowledge as to the 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 product sharing contracts
• Examine the importance of effective project planning and execution
• Understand the role of capital contracting and contract management
• Successfully build knowledge on measuring and reporting performance

What will it cover?

Day One

• The Oil and Gas industry overview

Day Two

• Commercial drivers

Day Three

• Oil and Gas exploration and production arrangements

Day Four

• Capital project planning and execution

Day Five

• Risk management application

Day Six

• Project economics

Day Seven

• Cost & estimation

Day Eight

• Capital contracting issues

Day Nine

• Measuring and reporting performance

Day Ten

• Oil and Gas Capstone case study