International Petroleum Management

Oil and gas are considered among the world's most critical resources and therefore play a pivotal role in driving the global economy. The exploration, production, refining, and distribution of oil and gas involve the most complex and capital-intensive processes and require state-of-the-art technology.

This IRES 10-day International Petroleum Management training seminar has been designed to enable participants to learn more about oil & gas production technologies, the chemistry of petroleum and the refining processes, the oil & gas exports and imports business, and best business practices.

This international petroleum management training seminar will provide a more efficient understanding of the international oil and gas business value chain.

The delegates will also learn:

• The critical success factors of oil & gas operations – Seismic, wireline services, drilling, fracturing, well completion, production and processing for export
• Recoveries through the primary, secondary and enhanced oil recovery techniques
• Shale oil and gas production potential in different regions of the world
• Renewable energy sources and their comparative costs
• Energy economics, project evaluation and decision-making skills
• Crude oil and gas supply, transportation, marketing, trading and storage

Who Should Attend?

• Corporate Planners
• Senior Oil and Gas Managers
• Earth Scientists and Engineers
• Investment Bankers and Fund Managers
• Investment Analysts
• Media Analysts and Commentators
• Government Agencies - Regulators
• Anyone requiring a broad understanding of the structure, operations and economics of the oil and gas industries

Module 1: Sources, Origin and Nature of Petroleum

• Introduction
• Industry Overview
• Chemistry of Fossil Fuels
• Origins of Hydrocarbon Deposits
• Basic Petroleum Geology
• Exploration Methods & Activities

Module 2: Well Evaluations & Drilling Operations & Reservoir Management

• Types of Wells
• Well Evaluations
• Drilling Operations
• Well Completions
• Oil & Gas Reserve Estimates
• Volumetric Calculations – Original Oil & Gas In-Place
• Reservoir Depletion Mechanisms
• Declining Curve Analyses
• Case Study: Oil Reserves Estimation

Module 3: Conventional & Unconventional Production

• Unconventional Oil & Gas
• Shale Oil & Gas, Tight Gas, and Heavy Oil Recovery
• Oil Recovery Methods
• Primary, Secondary and Tertiary
• Enhanced Oil Recovery Techniques
• Reservoir Management – maximize ultimate recovery of oil

Module 4: New Oil & Gas Field Development and Economic Evaluation

• Typical Decision Yardsticks
• Petroleum Economics Analysis
• Net Present Value
• Internal Rate of Return
• Profitability Index
• Unit Tech Cost
• Economic Limit
• Case Study: Oil and Gas Field Development Economic Evaluation

Module 5: Oil & Gas Contracts & Joint Ventures

• Need for Collaboration between Parties – NOC’s and IOC’s
• Alignment of Interests
• Oil & Gas Contracts
• Types of Contracts
• Concession Agreements
• Production Sharing Agreement / Contract (PSA / PSC)
• Technical Service Contract / Agreement (TSA)
• Joint Venture and Service Agreements

Module 6: Petroleum Fiscal Regimes

• Comparison of Fiscal Regimes
• Auction Theory and Methods
• Similarities among Fiscal Systems
• Accounting Aspects of Fiscal Systems
• Division of Revenues and Profits
• Concession
• Concession Rentals
• Unitisation Agreements
• Royalties
• Profit Tax
• Corporate Tax
• Ring Fencing
• State Participation
• Signature Bonus
• Production Bonus
• Bidding for Leases

Module 7: The Chemistry of Petroleum and the Refining Processes

• Crude and Product Quality
• Crude oil Refining Operations
• Crude Oil Fractions
• Crude Oil Refinery Products & Processes
• Refinery Configurations - separation, conversion and treatment
• Refining Complexity
• Pipelines
• Storage
• Treatment & Blending
• Utilities

Module 8: Refining Economics – Environmental Aspects

• Refinery Economics
• Benefits of Integrating with Petrochemicals
• Global Oil Reserves, Production & Trade Movements
• Crude Oil and Refining Gross Product Worth (GPW)
• Freight
• Netback and Refining Margin
• Vessel Chartering
• Environmental Aspects
• Case Study: Netback Pricing Calculation

Module 9: Oil & Gas Exports and Imports Business

• Organization of Petroleum Exporting Companies (OPEC)
• Other International and Multi-national Organizations
• International Energy Agency (IEA)
• Oil Markets – Crude Pricing Regimes
• Transportation Logistics – Pipelines, Terminals and Storage
• Crude Oil Tankers
• World’s Major Pipelines
• World’s Major Terminals, Refineries
• Transportation Logistics – Losses
• Bottle necks and Chokepoints

Module 10. Pricing, Trading, Markets, Risk Management

• Crude oil Benchmarks
• Crude Price Assessment
• Oil Trading
• Total Barrel Economics
• Oil Markets – Futures
• Exposure – Price
• Hedging – Risk Management
• Pricing Management Considerations
• Derivatives
• Course Summary