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SFE51 Fundamentals of the Oil and Gas Industry

Duration: 2 Weeks

 

Course Objectives:

This course comprehensively covers the oil and gas supply chains from exploration through field development, valuation and risk production, transportation, processing and refining, marketing, contracts, trading, retailing, logistics, emerging markets and competition with alternative energies.

Who Should Attend

Planners, accounting personnel in the oil and gas industry.

Course Overview

- Descriptions of the distinct oil and gas supply chains
- Origin and distribution of oil and gas
- Upstream production, reserves and price trends
- Petroleum product consumption trends
- Supply, demand licensing and bidding
- Seismic and drilling technologies
- Applying exploration and production technologies
- Sub-surface and above-ground risks and opportunities
- Economic evaluation of field developments
- Project planning and managing field developments
- Upstream fiscal terms, contractual and project finance
- Costs, timing, efficiency and benchmarking the industry
- Natural gas: pipelines, storage, LNG and GTL
- Global gas trading, gas-to-power, co-generation and CHP
- Gas supply contracts, distribution networks and liberalized markets
- Range of crude oil compositions and evolving product barrel
- Basic processes of refining and product outputs
- Refinery management and optimization operations
- Refinery economics, gross product worth, net profit margins
- Petrochemical industries - trends and forecasts
- Syncrudes and heavy oil technologies and economics
- Physical oil markets and crude pricing
- The major oil and gas markets and trade movements
- Oil trading and supply operations
- Price exposure: the need to hedge
- Product marketing and distribution logistics
- Evolution of C-stores and unmanned forecourts
- Renewable and alternative energies: threats or opportunities?


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