Understand the overview of the Petroleum Industry, key concepts, and terminology that are used within the industry
Address Key Issues
Gain an awareness of exploration and drilling operations both onshore and offshore
Gain A Full Understanding
Understand the differences between light and heavy oil, bitumen, shale oil and natural gas and their production and uses
Key Takeaways
Gain an overall knowledge of exploration, production transportation, and processing processes from the time a reservoir is discovered to delivery to end-users
Appreciate the importance of integration of various petroleum activities to optimize operations
This course focuses on providing participants with a basic understanding of key concepts related to oil and gas. The oil and gas industry is a complex business with many components that fit together in what appears a mostly seamless fashion. Outlining the various aspects allows for an understanding of the various niches within the industry, why the business operates as it does, how the various pieces fit together, and provides insights into the future of the petroleum industry.
IN JUST 3 DAYS YOU WILL:
- Understand What is oil and gas
- Become familiar with the primary uses for oil and gas
- Discuss where and how oil and gas is found
- Understand how oil and gas are produced
- Discuss how oil and gas are transported
- Consider how oil and gas are measured
- Consider how oil and gas are sold
- Discuss why this industry has been a dominant one globally for the past century
MEET YOUR TRAINER
Our expert has a unique background in the oil and gas industry that includes academic, consulting, and practical experience. He has several years of experience teaching petroleum economics across American Universities. His experience includes 15 years as the Chief Energy Economist for the American Government advising the world’s 8th largest oil and gas producing region on the business of oil and gas. While in government, he was responsible for educating and training staff on oil and gas basics as well as heading the analytical teams. He has a background in designing oil and gas taxation systems, regulations, pipelines petrochemicals, and advising on multi-billion dollar investments. He has spoken to international audiences as an expert on oil and gas economics and other topics related to oil and gas.
Organisations that will benefit:
- Oil and Gas Organisations
- Organisations who interact with the Oil and Gas industry
Who will attend:
- C-Level Executives
- Engineers
- Procurement Managers, Finance Executives, Corporate Services Executives
- Enterprise Risk Management Professionals
- Corporate Planning Professionals
- Sales and Marketing Professionals
- Economists and Analysts
- Lawyers and Legal Professionals
- Human Resources
- Facility and Operations Managers
COURSE AGENDA
Day 1: Introduction and Overview ⇓
- Introduction to oil and gas
- What are oil and gas used for: who uses it and how much is used
- Types of petroleum: heavy oil, light oil, liquified petroleum gases, natural gas
- Where is it produced and where is it consumed
- Wellhead to burner tip
- Basic Geology for Oil and Gas
- What are oil and gas and its origins
- Organic decay and thermal maturity
- Source rock, traps, and reservoir rocks
- Key terms and concepts related to petroleum geology
- Exploration for Oil and Gas
- Introduces how petroleum deposits are identified
- Key terms and concepts related to petroleum exploration
- Exercise – Estimating the size of a new discovery
Day 2: Production, Transportation, Processing, and Refining ⇓
- Types of drilling rigs
- Directional drilling
- Offshore drilling
- Reservoir simulation
- Pressure maintenance
- Enhanced recovery
- Surface facilities
- Decommissioning
- Exercise: Determining production rates
- Storage and blending
- Shallow cut and Deep cut processing
- Pipelines: oil versus gas
- Tankers: oil versus gas
- Types of Refineries: visbreaking, cracking, coking
- Refinery processes
- Refining yields, crack spreads
- Basic petrochemicals: ethane based vs. naptha based
- Key terms and concepts related to petroleum transportation and processing
- Exercise: Cost of Service Tolling
Day 3: Sale and Use and the Business ⇓
- Consumption of oil and natural gas by sector
- Petrochemicals
- History of oil and gas markets and prices
- OPEC and its role
- Oil majors and National Oil Companies
- International Energy Agency and its role
- Strategic petroleum reserves
- Types of petroleum storage
- Commodity pricing and key pricing benchmarks
- Spot sales versus contract sales
- Futures markets
- Exercise: 2014 and 2020 oil price shocks
- Current topics – some of the critical topics facing the oil and gas industry currently
For further information please call: +44 (0)1372 308547
or click on the brochure tab below
