FOGI FUNDEMENTALS OF THE OIL AND GAS INDUSTRY

Start Dates: Aug 16, 2010-Aug 26, 2010 Oct 18, 2010-Oct 29, 2010

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,


Prerequisites

None


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 liberalised markets

Range of crude oil compositions and evolving product barrel

Basic processes of refining and product outputs

Refinery management and optimisation operations

Refinery economics, gross product worth, net profit margins

Pipelines, marine transportation and costs (worldscale)

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

Trading instruments: forwards, futures and swaps

Product marketing and distribution logistics

Wholesale, aviation, marine and LPG markets

Retailing fuel: competitive techniques and market trends

Evolution of C-stores and unmanned forecourts

Renewables and alternative energies: threats or opportunities?



Learning Goal

Participants should be able to:

Identify where petroleum comes from and how and where it accumulates.

Understand exploration and production techniques and their associated risks.

Gain insight to petroleum economic, fiscal and project planning issues.

Become aware of development, transport and market options for oil and gas.

Recognise the ability of refining processes to balance product market demand.

Perceive the importance of the trading, hedging and retailing functions to modern,

integrated oil and gas companies.

Be able to evaluate the threats and opportunities offered by non-conventional petroleum sources and alternative fuels


Course Materials

Course notes


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