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Mastering Upstream and Downstream Dynamics in Oil and Gas



This training program is designed to provide comprehensive instruction on the latest technologies, best practices, and management strategies in upstream oil and gas operations. It equips both petroleum and non-petroleum professionals with the knowledge and skills necessary to excel in the dynamic field of upstream energy production and management.

Program Objectives:

At the end of this program, participants will be able to:

  • Gain a comprehensive understanding of the entire oil, gas, and LNG business, covering exploration, drilling, production, refining, petrochemicals, sales, marketing, and trading.

  • Advance towards top-tier corporate positions by acquiring in-depth industry knowledge and expertise.

  • Explore the technical and economic efficiencies in Upstream and Downstream operations, leveraging new technologies.

  • Master petroleum economics, investment analysis, risk assessment, and project evaluation techniques.

  • Evaluate fiscal terms, conditions, and global fiscal systems to enhance business acumen.

  • Understand contract types such as Concessionary, Production Sharing, Service, Joint Venture Contracts in Upstream, and Sales, Marketing, and Trading Contracts in Downstream.

  • Enhance comprehension of downstream fundamentals, including refined product quality, blending, valuation of oil for trade, freight calculations, refinery margins, vessel chartering, pipelines, and terminals.

Targeted Audience:

  • Business Development managers, Joint Venture officers, and Negotiators.

  • Corporate Planning professionals and Equity analysts.

  • Geoscience & Engineering professionals and Refinery professionals.

  • Supply Planners & Scheduling professionals and Trading professionals.

  • Government regulators, Compliance officers, and Law professionals.

  • Tax & Finance advisors and Auditing personnel.

Program Outlines:

Unit 1:

General Industry Overview & Basic Concepts:

  • Introduction to Oil & Gas Industry.  

  • Petroleum Industry Dynamics & Future Trends.

  • Oil & Gas Geology.

  • Oil & Gas Prospecting (Exploration).

  • Drilling Operations.

Unit 2:

Upstream Success Factors:

  • Technological Advances.

  • Well Evaluation.

  • Well Completions.

  • Reservoir Depletion Mechanisms.

  • Oil & Gas Surface Facilities.

  • Transportation.

  • Maintenance of Oil & Gas Facilities.

  • Oil & Gas Reserves.

Unit 3:

Profitably Managing Upstream Business:

  • Oil & Gas Reserves.

  • Reservoir Management.

  • Crude Oil Refinery Products & Processes.

  • Legal Framework of the Industry.

  • Project Economics.

  • Oil Price Risk Management.

Unit 4:

Upstream Production Contracts & Fiscal Systems:

  • Relationships between Oil Companies and Host Governments.

  • Understanding Petroleum Fiscal Systems.

  • Identification of different types of fiscal terms and their application.

  • Concession (royalty/tax) Contracts.

  • Production Sharing Contracts.

  • Service contracts and Joint Venture Contracts.

  • Review & Comparison of Different Fiscal Systems in the world for the Petroleum Industry.

  • Fiscal options and latest trends for Liquefied Natural Gas (LNG) projects.

Unit 5:

Petroleum Economics, Risk Analysis, and Project Evaluation:

  • Petroleum dynamics – Global, Regional & OPEC production scenarios.

  • Profitability indicators for oil & gas business.

  • Comparison and investments selection criteria.

  • Corporate portfolio management and maximize returns.

  • Risk & Uncertainty analysis in capital investments.

  • Evaluate projects by risk-based economics.

  • Fundamental Considerations in Petroleum Project Evaluation.

  • Investment Decision-Making Techniques.

Unit 6:

Petroleum Refining, Refined Products & Petrochemicals:

  • Introduction to Petroleum Downstream Industry.

  • Physical & Chemical properties of crude oil.

  • Crude oil selection criteria for refinery.   

  • Essential of Petroleum Refining Industry.

  • Major refinery processes and refinery units.

  • Simple Hydroskimming Refinery, Deep Conversion Coking Refinery.  

  • Refinery Optimization.

Unit 7:

Global Oil Supply and Petroleum Economics:

  • Making Downstream connection with Upstream Industry.

  • The essence of International Oil Supply – Global Reserves, Production & Trade.

  • Fundamentals of Oil Economics, Fundamentals of Crude Oil Transportation – Tankers and Chartering.

  • Basic Principles in Pricing and Overview of Markets, Crude Oil Markets.

  • Global Crude Oil Supply-Demand balance, and its impact on prices.

  • 50-Years history of Crude Oil Pricing, and its current pricing dynamics.

  • Marker crudes and crude oil Benchmarks.

Unit 8:

Downstream Value Chain Optimization:

  • Essential Elements in Crude Oil Sales Contracts to Refineries.

  • Basic Crude Oil Refining and Advanced Refinery Upgrades.

  • Importance of Petrochemicals and its impact.

  • Refining and Petrochemicals Integration.

  • Value Chain Optimization and Maximizing Return on Investment.

  • Managing Contractual and Environmental Risks.

  • Pipelines, Storage and Transportation Logistics in Downstream.

  • Refinery Economics and Optimization of Downstream.

Unit 9:

Downstream Market Structures and Trading:

  • Introductory Concepts in Oil Trading.

  • Interface with retailers.

  • Downstream Supply Chain management.

  • Total Barrel Economics.

  • Oil Market Derivatives – Futures, Forwards, Swaps, Option.

  • Price Volatility Exposure and its Defensive Practices.

Unit 10:

Downstream Petroleum Dynamics and Risk Management:

  • Hedging – Risk Management.

  • Pricing Management.

  • Derivatives.

  • Examples of Oil & Gas Futures Contracts, Swaps, and Options.

  • Common mistakes by Oil & Gas Companies in Hedging.

  • A Guide to Developing A Corporate Fuel Risk Management Policy.

  • Challenges to Petroleum Industry and Trends in New Technology. 

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