An intensive professional development training course on
The Houston 10-Day Mini MBA
in the Oil & Gas Industry™
Energy Transition & Challenges of a Low Carbon Future
Why Choose The Houston 10-Day Mini MBA in the Oil & Gas Industry™ Training Course?
Oil, gas and coal are today the most widely used sources of energy and together represent the largest traded energy commodities in the world. These primary resources are almost exclusively never used in their raw state but are transformed into end use products. Oil & gas are ubiquitous in our modern world with uses spanning from energy to shelter and clothing to food and medicines. Our modern society depend on these energy sources and would collapse if these were to be reduced in any way. The supply and distribution of oil and gas are concentrated in certain regions in the world and their price fluctuates in most cases unpredictably.
Oil price instability and hence oil supply and demand have been fluctuating since the early seventies. These fluctuations have been attributed to disruptions in the oil supply either due to regional conflicts or directly by oil producing governments. Other causes for these oil price variations are due to both regional politics but more importantly due geopolitics. OPEC and lately OPEC plus have attempted to stabilize oil prices by adjusting their production. The USA has also joined this price stabilization role, by lifting their oil export ban in2015, that was put in place in the early seventies. USA’s regional surpluses from increasing shale oil production and by releasing their strategic petroleum reserves, have served to both stabilize and to wield a greater influence on world prices.
Natural gas prices have also experienced a similar fate in price fluctuations to those of oil prices, since gas prices are in the most, linked to a crude oil benchmark.
The 10-day accelerated mini-MBA in oil and gas energy management course, aims to explain the reasons behind anergy price fluctuations with a view of reducing inherent industry risks, and hence reduce the likelihood of producers and other stakeholders, incurring financial distress.
This The Houston 10-Day Mini MBA in the Oil & Gas Industry™ training course will feature:
- Understand all the value-added steps from the wellhead through to oil & gas processing, refining, storage transportation and retailing
- Gain an understanding of the ways the oil and gas industries have organized to operate effectively and efficiently
- Understand the geopolitics of Oil & Gas and the major challenges facing the energy industry
- Learn about the important issues facing our industry and strategies used to address these issues
- Develop the necessary skills to evaluate and make effective decisions related to the oil & gas industry
- Build knowledge as to the nature and challenges facing the oil and gas industry
- Examine the industry structure with specific emphasis on the whole value chain
- Understand the fundamental economic links concerning the upstream and downstream businesses
- Develop the skills necessary to evaluate risks and opportunities and make effective decisions related to oil and gas
- Negotiate through the complex environmental challenges and build a robust strategy for the Transition to a Low-Carbon Economy
What are the Goals?
By the end of This The Houston 10-Day Mini MBA in the Oil & Gas Industry™ training course, participants will be able to:
- Analyze and examine the nature and challenges facing the oil and gas industry
- Understand the key players and commercial drivers
- Examine the complete value chain of the oil & gas industry structure
- Grasp relevant economic, technological, environmental, legal and social trends
- Understand framing agreements including joint ventures and product sharing contracts
- Examine the importance of effective project planning and execution including risk management
- Understand the economics and drivers of the oil & gas industries
- Build cash flow analyses for various upstream oil & gas projects as well as downstream LNG production facilities and Refineries
- Conduct project appraisal and risk assessments for this unique energy industry
- Comprehend the environmental issues and challenges of the fossil fuel industry
- Strategize the future direction by utilizing the natural gas as the main transition fuel
- Grasp how ESG Environmental, Social, and Governance, is attempting to shape the future of the fossil fuel industry and how it fits withing globalization
Who is this Training Course for?
This The Houston 10-Day Mini MBA in the Oil & Gas Industry™ training course is suitable to a wide range of professionals but will greatly benefit:
- Planners and Investment analysts
- Strategists and Economists
- New entrants to the Oil & Gas industry
- Oil and Gas professionals:
- Engineers
- Senior and middle managers
- Accountants and finance professionals 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
How will this Training Course be Presented?
This The Houston 10-Day Mini MBA in the Oil & Gas Industry™ training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes expert input, videos, case studies and class exercises.
The Course Content
Day One: Origin and Nature of Petroleum
- The oil and gas Industry
- Fundamentals of organic chemistry
- Definition of Petroleum
- Origins of Hydrocarbon Deposits
- Basic petroleum geology
- Types of Well
- Exploration Methods/ activities
Day Two: Hydrocarbon Production Operations
- Oil and gas field development
- Oil & Gas Production
- Surface treatment and storage
- Enhanced oil recovery
- Logistics of Oil & Gas – Transportation and Storage
- World’s Trade Flows
- Transportation Agreements
Day Three: Oil Companies, Corporate Relationships and Structures
- National and multi-national oil and gas companies
- Operating companies and service companies
- Major International Oil Companies
- Integrated and non-integrated companies
- The Energy Information Administration (EIA) and the International Energy Agency (IEA)
- Organization of Petroleum Exporting Companies (OPEC)
Day Four: Global Energy Markets & Pricing
- History of oil prices and how the benchmarks evolved
- The components of the oil price
- Benchmarks / Formula Price
- Price reporting agencies and their roles
- Gas Pricing and evolution of Gas spot pricing
- Commercial Structures and Fiscal agreements
- Production sharing agreements
- Concessions
- Tax and Royalty
- Farmout Agreement
Day Five: Oil & Gas Processing Operations
- Oil refining operations
- Refinery complexity and benchmarking
- Refining processes
- Distillation
- Product improvement processes
- Product conversion processes
- Petrochemical Basics
- Benefits of Integrating Refining & Petrochemicals
Day Six: Gas Processing Operations and Economics
- Gas processing operations
- Inlet separation
- Sulfur removal and sulfur recovery
- Mercury removal and nitrogen rejection
- Dehydration and Dewpoint control
- NGL recovery
- Production of Liquified Natural gas - LNG
- Basic economics and cost of gas production facilities including LNG production
Day Seven: Evaluation of Oil and Gas Opportunities
- Estimating the cost of oil and gas facilities
- Using historical costs
- Cost curves
- Adjusting for different sizes
- Adjusting for different time periods
- Estimating the cost of building a refinery (Case study/ Exercise)
Day Eight: Evaluation of Oil and Gas Opportunities
- Building cashflow models to evaluate projects
- Key Performance indicators
- Net present value
- Internal rate of return
- Profitability indices
- Unit Technical cost
- Payback
- Effect of Project Delay
Day Nine: Petroleum Project Economics and Risk Analysis
- Geopolitics of oil & gas
- Risk and Uncertainty
- Risk and opportunity analysis
- Derivatives and Hedging
- The role of probability in decisions
- Decision Tree Analysis
- Sensitivity Analysis
Day Ten: Environment & Sustainability – Transition to a Low Carbon economy
- Sustainable energy: myths and realities
- Environmental issues and challenges facing the fossil fuel industry
- Transition to a Low-Carbon Economy
- ESG - Environmental, Social, and Governance and the WEF
- The essence of International Oil Supply – Global Reserves, Production & Trade
- The Future of the industry
- Course Summary and close
The Certificate
- AZTech Certificate of Completion for delegates who attend and complete the training course
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