Training Fundamentals of Oil and Gas Industry

 Training Fundamentals of Oil and Gas Industry

INTRODUCTION

This course provides general information about the field of oil and gas. It is intended for new entrants who are not experts in the field, but still need to encounter it. The course explores briefly the life cycle of oil starting from discovery until it is distributed and used. It also explains about the legal issues that may arise during this expensive, yet profitable process. 

PROGRAMME OBJECTIVES

• Covering the full range of industry activities and issues
• Understanding the petroleum economics
• Getting an overview of oil extraction process
• Determining key issues in field development
• Understanding the oil and gas value chain

WHO SHOULD ATTEND?

• Commercial managers
• HR managers
• Marketing
• Sales
• Legal managers
• Executives

PROGRAM OUTLINE

• • Key terminology in Oil and Gas
  • Life before the discovery of oil
  • The Lifecycle of a Petroleum Field
  • Countries rich in oil
  • Crude oil properties
  • Gas and liquid properties

• • Locating and discovering oil
  • Extracting and processing
  • The drilling operations
  • Equipment used
  • Conventional and unconventional resources

• • Upstream fiscal terms, production sharing agreements
  • Appraisal
  • Decommissioning
  • Reservoir Depletion Mechanisms
  • Reservoir Management

• • Oil and gas supply chain
  • Project planning and managing field developments
  • Selling and trading regulations
  • Transporting oil and gas

• Environmental issues
• Access authority
• Safety of workers
• Sub-surface and above-ground risks and opportunities
• Oil Price Risk Management

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