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Fundamentals of the Oil and Gas Industry

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DateVenuePrice

Apr 09 2012 - Apr 20 2012LondonGBP 3,500
Nov 26 2012 - Dec 07 2012LondonGBP 3,500

Duration: 2 weeks

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Course Overview

This is a well rounded and grounded course which focuses on the fundamentals of the oil and gas industry drawn from the perspectives of an explorationist, a petroleum engineer, a petroleum economist, a petroleum lawyer, and a gas and LNG consultant. With these different perspectives, delegates are taken from exploration and extraction to economic analysis and writing of contracts, before finishing with a specific examination of the gas and LNG business.

Course Objectives

  • Oil and Gas
  • Finding Oil and Gas
  • Extracting and Processing Oil and Gas
  • Oil Refining and Gas Treatment
  • Selling Oil and Gas
  • Managing Oil and Gas

Course Outline

How oil and gas form and collect

  • Locating reservoirs,
  • Estimation of volumes,
  • Drilling,
  • Maintaining wells

Analysing reservoirs

  • Fluid flows,
  • Forecasting production,
  • Drive mechanisms,
  • Enhanced oil recovery

Financial factor

  • Cash flow forecasts,
  • Taxation,
  • Production sharing contracts,
  • Economic indicators,
  • Risk analysis,
  • Petroleum fiscal regimes internationally

Managing Contracts

  • Framework,
  • Production sharing contracts,
  • Joint operating agreements,
  • Gas sales contracts

Gas and LNG

  • Optimising field development,
  • Gas pipelines,
  • LNG storage and transport,
  • Market development,
  • Future trends

*Course fee is not inclusive of VAT

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