The Course Content
Day One: The Oil and Gas Industry Commercial Drivers - Overview
The nature of the Oil and Gas industry
Upstream, midstream and downstream operations
Exploration, evaluation production and reserve estimates
Structures and business models -Lifting and production costs
Strategic challenges and opportunities facing the industry’s key players
Day Two: Oil and Gas Exploration and Production Arrangements
IOC’s & NOC’s Fiscal agreements &contracting strategies for the oil and gas industries
Reward structures and options
Importance of project planning
Front end loading - Hot spots and challenges
Capital project planning and execution
Implementing effective project control framework
Day Three: Oil and Gas Project Economics, Cost & Estimation
Evaluating project opportunities
Cash-Flow Analysis and Time Value of Money
Key Profitability Indicators NPV, IRR, UTC, Payback
Calculating a discounted cash flow
What is a cost estimate and what factors influence an estimate?
Earned value management analysis for measuring project performance and reporting
Day Four: Risk Management Application
What is risk management and why it is important?
Risk management as applied to capital projects.
Specifying objectives and identifying project uncertainties
Technical and non-technical risks
Risk register review and analysis
Stakeholder identification and mapping
Day Five: Oil and Gas Capstone Case Study
Case study – The Shale Gas Revolution in the United States
Impact of shale gas on the world Oil and Gas stage
Geopolitics of Oil and Gaspricing
Summary and course wrap up