OIL AND GAS BUSINESS MANAGEMENT: UNDERSTANDING INTERNATIONAL BEST PRACTICES

The Oil & Gas sector is considered to be one of the important areas of the global economy liable for about 2.5% of world GDP. Oil & Gas is a vital source of energy for the world and will be expected remain so for many decades, even under assumptions about the growth in alternative energy sources. It is highly desirable that non-technical personnel that works in the petroleum industry or in related activities acquire a practical basic understanding of the petroleum industry in an interesting and effective manner.

The course provides a non-technical review of upstream (exploration and production), midstream (gas processing and transportation) and downstream (refining and marketing) operations. Further, the course comprehensively covers the oil and gas supply chains from exploration through field development, valuation, and risk, production, transportation, processing and refining, marketing, contracts, trading, retailing, logistics, emerging markets and competition with alternative energies.   As such, it provides understanding and insight into the processes, drivers, threats, and opportunities associated with the core industry activities.

Participants will gain an appreciation of the principal activities in the international upstream and downstream petroleum industry and an understanding of how this inter-relate, as well, an awareness of the impact of external influences and the ways in which the industry is adapting to increase its competitiveness and to meet new challenges.