Course Objectives
- Understanding the petroleum economics
- Getting an overview of oil extraction process
- Determining key issues in field development
- Understanding the oil and gas value chain
- The course explores briefly the life cycle of oil starting from discovery until it is distributed and used. It also explains about the legal issues that may arise during this expensive, yet profitable process.
Who Should Attend?
- Commercial managers
- HR managers
- Marketing
- Sales
- Legal managers
- Executives
Course Content
Day 1
- Key terminology in Oil and Gas
- Life before the discovery of oil
- The Lifecycle of a Petroleum Field
- Countries rich in oil
- Crude oil properties
- Gas and liquid properties
Day 2
- Locating and discovering oil
- Extracting and processing
- The drilling operations
- Equipment used
- Conventional and unconventional resources
Day 3
- Upstream fiscal terms, production sharing agreements
- Appraisal
- Decommissioning
- Reservoir Depletion Mechanisms
- Reservoir Management
Day 4
- Oil and gas supply chain
- Project planning and managing field developments
- Selling and trading regulations
- Transporting oil and gas
Day 5
- Environmental issues
- Access authority
- Safety of workers
- Sub-surface and above-ground risks and opportunities
- Oil Price Risk Management
