This course provides a holistic overview of the oil and gas industry. It covers both the exploration and production phases and provides a review of the fundamentals of petroleum economics and contracts, risk and project management.
Course Structure: 5 modules of 3 hours each, delivered over 5 days Each day will consist of 1 module which will be no more than 3 hours in length with multiple breaks.
Course Level: Foundation Duration: 5 days Instructor: Pete Smith
Designed for you, if you are...
Technical or non-technical staff with limited experience in the oil and gas industry
A new graduate company entrant
How we build your confidence
This is a five-session online course and has been designed using an extensive range of learning techniques. It accommodates various learning styles, e.g. lectures supported and illustrated by worked examples, case studies and follow-up exercises, group exercises and quizzes to give assurance that key learnings are accomplished.
The benefits from attending
By the end of the course you will have fundamental knowledge and skills to allow you to be a valuable contributor to oil and gas industry operations. Specifically, you will have:
Developed a broad knowledge of the key elements of the oil and gas industry
Understood the financial and commercial elements of the oil and gas industry
Understood the broad technical underpinnings of aspects of geology, geophysics, reservoir engineering and production engineering
Developed tools for the application of technical knowledge to daily operations and projects
Acquired appropriate skills to become an effective performer, specifically in areas of project management, teamwork and negotiations
World petroleum industry
Geological fundamentals - sedimentary basins
The petroleum system - source rocks
Exploration prospect risk estimation
Well logging, flow testing and fluid sampling for PVT analysis
Estimating volumes of oil and gas in place
Concept of resources and reserves - primary, secondary and tertiary recovery
Field development concepts
Development wells and production facilities
Transporting oil and gas
Refining, marketing and sales
Oil price determinants
Economic cost model
Transportation and pipeline tariffs
Volumetric calculations - reserves estimating methods and classification Comparison of fiscal systems - optimal government take
Discounted cashflow projections - net present value & internal rate of return
"The course provided an excellent overview of the O&G industry focusing on economics of oil and gas." - HSSE Executive at Brunei National Petroleum Company
"Very important course for non-professionals in government and industry. The instructor Pete Smith did a very good job, was very open to questions & responses, communicating extremely well with the students." - Senior Economist