Essential Skills
for Oil & Gas Professionals

Name: Essential Skills for Oil & Gas Professionals Training Course
Rating: 4.7 (1076 reviews)

Course Schedule

No classroom dates available

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Overview Outline Certificates

Why Choose Essential Skills for Oil & Gas Professionals Training Course?

This seminar provides the skills to build knowledge of the oil and gas industry, as well as the necessary competencies to meet the challenges currently being faced.

The Oil & Gas industry is undergoing the most significant changes that we have seen for many years with new business models, companies and sources emerging. With the international demand for petroleum products reaching record levels hit record high levels so too is the complexity facing the Oil & Gas industry.

What are the Goals?

By the end of this course, participants will be able to:

Build knowledge as to the nature and challenges facing the oil and gas industry
Understand the key players and commercial drivers
Examine the industry structure with specific emphasis on the ‘upstream’ component
Understand framing agreements including joint ventures and product sharing contracts
Examine the importance of effective project planning and execution

Who is this Course for?

This course is suitable to a wide range of professionals but will greatly benefit:

New entrants to the Oil & Gas industry
Oil and Gas professionals:
- Senior and middle managers
- Accountants and financeprofessionals responsible for financial accounting, treasury, internal audit,budget preparation and management reporting
- HR, contracting and procurement and IT professionals
- Line managers with strategic planning and operational budgeting responsibility
Professional advisers and Business Consultants

How will this be Presented?

This workshop will be highly participatory and your seminar leader will present, guide and facilitate learning, using a range of methods including discussions, case studies and exercises. Where appropriate, these will include real case examples.

By combining analysis, problems and examples with real case studies - lessons learned from the seminar will be applied to your organisation. Key performance indicators (KPIs) for the critical success factors (CSFs) will focus attention on high priority action plans for taking back to your organisation.

The Course Content

The nature of the Oil and Gas industry
Who are the key players?
Strategic challenges and opportunities facing the industry
Structures and business models
Case study review

Upstream, midstream and downstream operations
Exploration, evaluation and production
Lifting and production costs
Reserve estimates
Case study review

Framing agreements
Joint ventures
Product sharing agreements
Implications and challenges
Joint operating agreement review

Importance of project planning
Front end loading
Hot spots and challenges
Creating and protecting value
Implementing effective project control framework

What is risk management and why it is important?
Risk management as applied to capital projects.
Specifying objectives and identifying project uncertainties
Technical and non-technical risks
Risk register review and analysis
Stakeholder identification and mapping

Evaluating opportunities
Discounting and non-discounting methods
NPV, IRR
Discount rates
Case study application and review

What is a cost estimate?
What factors influence an estimate?
Determining contingencies
Probabilistic models
Monte Carlo simulation
Challenges and areas for improvement

Managing the oil and Gas spend
Understanding the market
Developing the appropriate contracting strategy
Reward structures and options
Contract award and the importance of contract management
Case study application and review

External and internal reporting
Identifying report user requirements
KPIs
Measuring and reporting project performance
Earned value management analysis and reporting

A case study dilemma
Key learnings
Summary and course wrap up

Certificate

AZTech Certificate of Completion for delegates who attend and complete the training course

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Frequently Asked Questions

Common questions about our training courses

Yes, we offer tailored corporate training solutions to meet your organization's specific needs. Please contact us at info@aztechtraining.com or call +971 4 427 5400 for more information.

The training fees include full access to the training venue, along with comprehensive training materials to enhance your learning experience. Additionally, participants will be provided with writing supplies and stationery. To ensure comfort and convenience, the fee also covers lunch and refreshing coffee breaks throughout the duration of the course.

Our training programs are hosted at luxurious five-star hotels in prestigious destinations across the globe. Some of our popular locations include Dubai, London, Kuala Lumpur, Amsterdam, New York, Paris, Vienna, and many other iconic cities.

There are several convenient ways to register for our training programs:

Online: Explore our training calendar, choose the course that suits your needs, and click the “Register Now” button on the course details page.
Email: Share your details, including your name, organization, email address, and selected course, by sending an email to info@aztechtraining.com
Phone: Reach out to us directly at +971 4 427 5400 or +971 4 427 5407, and our team will guide you through the registration process.

Once your registration is successfully completed, you will receive a confirmation email within 24 hours. This email will contain your registration details, invoice, and the necessary joining instructions for the course.