Course Description

This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops.Since more than a century, the oil industry is leading the energy sector of the world. The world economy depends on the safe supply of oil and gas from producing countries to the consuming ones. Understanding the global oil demand and the factors affecting the crude oil market is vital for petroleum professionals. This course will explain the various factors and forces that affect the crude oil market and the relationship between oil producers and consumers. This course is designed for those technical professionals in the petroleum industry whom are in the Administration and Middle Management positions that want to understand the nature of the oil industry and how you will contribute to the financial success of your company. The course will introduce delegates to the oil industry including supply and demand, how oil companies are organized and financed and what it takes to be financialy successful.The course will cover the crude oil market; the global oil reserves, types of reserves, distribution of reserves by continent and country and reserves effects on oil prices; the balance of supply, global demand of oil, demand growth rate, factors affecting the demand growth and the renewable energy; the governmental legislation and contractual agreements; the terms of the contractual agreements; the financial model to evaluate project value drivers; the governmental legislation and how it pertains to oil contact; calculating revenue and profitability in oil projects; and the project financial models, project risk analysis and profit-risk curve. By the end of the course, participants will be able to employ oil and gas exploration methods; evaluate and delineate drilling; carryout field development and production, field layout, production techniques, production control and surface production operations; apply oil refinery and processing, oil transportation-methods, flowmetering and custody transfer; identify upstream, midstream, downstream and the responsibilities of the different companies within the K-Group; and recognize the use of technology in the industrial security, the various security threats and security risk analysis.

link to course overview PDF

TRAINING METHODOLOGY

This interactive training course includes the following training methodologies:

30 % Lectures
20 % Workshops & Work Presentations
20 % Case Studies & Practical Exercises
30 % Videos, Software & Simulators

In an unlikely event, the course instructor may modify the above training methodology for technical reasons.

VIRTUAL TRAINING (IF APPLICABLE)

If this course is delivered online as a Virtual Training, the following limitations will be applicable:

Certificates	:	Only soft copy certificates will be issued
Training Materials	:	Only soft copy materials will be issued
Training Methodology	:	80% theory, 20% practical
Training Program	:	4 hours per day, from 09:30 to 13:30