Basic Oil and Gas Management

These courses are ideal for delegates who is interested in a career or already working in the energy and hydrocarbon industry. It will benefit delegates from a range of technical, non-technical and commercial backgrounds.

The course will provide an understanding of the processes, drivers, threats and opportunities related to the management of the energy and hydrocarbon industry in the 21st century. The program adopts a multidisciplinary approach drawing modules from various specialist areas including petroleum contracts and economics, project management, renewable energy, risk management, environmental management, strategic and human resource management.

ADVANCED OIL & GAS-BUDGET AND FORECASTING

COURSE OVERVIEW

To stay on top, companies must constantly re-examine the budgeting and forecasting models they use in their decision making processes to ensure they are up-to date and incorporate the latest in budgeting and forecasting best practices.

 

Is there an opportunity to expand take advantage of a weaker competitor? Where can costs be optimised? How does a drop of 10% in oil price affect profit? To support all these decisions, sound budgeting and forecasting is essential.

 

This course provides participants with an understanding of both the principles of budgeting and forecasting and the practical application of these to real-world situations through the use of Excel. It then builds upon the principles and practices learned to apply these to build sophisticated budgets and forecasts that are robust, flexible and user-friendly.

 

This course covers budgeting and forecasting for both upstream and down-stream businesses

PROGRAM KEY FEATURES:

  • Improve efficiencies in the budgeting and forecasting processes by gaining valuable skills in advanced Excel functions
  • Allow for uncertainty and model different business scenarios
  • Apply a sound methodology that will allow complex Budget and Forecast models that are flexible, robust and user-friendly
  • Advanced ways of analysing data to determine trends and using these to forecast future performance
  • Utilize external data to enhance the accuracy of forecasts
  • Alternate budget methodologies and how to determine which methodology applies best in different situations
  • Use the advanced features of Excel to optimize models and achieve maximum efficiency within constraints
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WHO SHOULD ATTEND

  • CFO’s; Business unit & Departmental Managers; Business & Financial Analysts; Finance Managers & Financial Controllers; Budgeting/Forecasting Managers; Financial Advisors & Managers
  • PLUS anyone who is in need of a good understanding of budgeting & forecasting
FUNDAMENTALS OF PETROLEUM ECONOMICS

COURSE OVERVIEW

This 2 week course offers an opportunity for petroleum industry employees and its related governmental, financial, legal and services industries to gain an understanding of the unique economic principles that drive the "oil business" to success in the 21st century. 

The course begins with presentation of basic economic theory  and develops the application of these to financing, finding, development, transportation and marketing of energy resources.  The impact of these applications on the success and failure of the firm is then considered.  The sessions will always use examples with real and experience  situations and will further, whenever possible, use the case method of instruction allowing all to participate in  group discussion and learning.

PROGRAM KEY FEATURES:

  • Basic Economic Concepts in the Petroleum Industry; Cash Flow and Profit Analysis Techniques; Perform Basic Economic and Financial Calculations
  • Marginal and Total Cost Analysis; World Energy Economics; Competing Fuel Analysis; Theory of the Firm in the Petroleum Sector
  • Depreciation and Cost Resource Pools; Company Financing; Joint Ventures; Sunk Cost Analysis; Fixed and Variable Costs; Principles of Discounting
  • Cost of Capital; Portfolio Management in the Petroleum Industry

WHO SHOULD ATTEND

  • Delegates are expected from organisations
  • Government departments and regulatory agencies, central banks,
  • Commercial banks, mortgage banks,
  • Multinational donor agencies and other
  • Government departments and agencies.
OIL AND GAS MANAGEMENT

COURSE OVERVIEW

The Oil and Gas Management course is ideal for those interested in a career (or already working) in the energy and hydrocarbon industry.

The course is designed to equip delegates with the expertise required for leadership and management in the World’s fastest growing and dynamic sectors.

This course is ideal for a person who is interested in a career or already working in the energy and hydrocarbon industry. It will benefit delegates from a range of technical, non-technical and commercial backgrounds.

The course will provide an understanding of the processes, drivers, threats and opportunities related to the management of the energy and hydrocarbon industry in the 21st century. The programme adopts a multidisciplinary approach drawing modules from various specialist areas including petroleum contracts and economics, project management, renewable energy, risk management, environmental management, strategic and human resource management

PROGRAM KEY FEATURES:

The programme adopts a multidisciplinary approach drawing modules from various specialist areas including:

  •  
  • Petroleum contracts and economics
  • Project management
  • Renewable energy
  • Risk management
  • Environmental management
  • Strategic and human resource management
  •  

WHO SHOULD ATTEND

  • Individuals working in the oil and gas industry who seek a greater understanding of the fundamentals in the global oil and gas business.
  • People making the transition from technical roles to managerial positions, where a broader knowledge of the business is essential for their career advancement.
  • New employees and support staff of your oil and gas organization wanting to gain a broader understanding of the business side of oil and gas.
PROCUREMENT STRATEGY FOR THE OIL & GAS INDUSTRY OF PETROLEUM ECONOMICS

COURSE OVERVIEW

This 2 week course is designed to the understanding of how Procurement Strategy for the Oil & Gas Industry actually works. This course is delivered by combining a substantive legal understanding together with a practitioner's perspective.

PROGRAM KEY FEATURES:

The objectives of the conference will be to:

  • Provide an understanding of the tendering and contracting process
  • Provide an understanding of techniques to avoid collusion or corruption during the tendering process
  • Develop an understanding of ways to select bidders
  • Show how to develop Invitations to Tender, and how to manage the tendering process

WHO SHOULD ATTEND

  • Tender or Bidding Managers
  • Contract Administrators
  • Contracting Unit Supervisors
  • Project Engineers and Project Managers
  • Business Audit Officers
  • Contract Strategists
  • General Managers involved in developing contracts or contract negotiation
  • Commercial Managers
NEGOTIATION SKILLS FOR THE OIL AND GAS INDUSTRY

INTRODUCTION

During this course, participants will learn how to apply a structured approach to effective negotiating.  Combining this with the practice sessions incorporated into the program this course is designed to improve participants’ confidence in negotiating and improve the outcomes of their negotiations. Attendees will be exposed to the Breakthrough Negotiation Strategy to help them achieve results in difficult and complex negotiations.

The bulk of this interactive course comprises of realistic, oil industry-based, role-play negotiating scenarios based on a variety of commercial and non-commercial situations. This is underpinned with instruction in negotiating principles and methodology, as well as essential checklists for planning and reviewing.

COURSE CONTENT

Understanding the Negotiation Process and Negotiating Outcomes

  • Negotiation process
  • Preparing for negotiation
  • Initiating and presentation
  • Role play: 1 to 1 Negotiation
  • On the first day, participants will learn what is meant by negotiation, their potential and attitude to negotiations, and the key sequence of negotiating steps. The sequence of negotiating steps will help them learn to appreciate the value of completing one step before proceeding to the next.
  •  

WHO SHOULD ATTEND

  • This introductory intermediate-level workshop is aimed at those with little or no previous negotiating experience who wish to improve their ability and confidence. It is suitable for a variety of professionals working in the oil and gas industry, as well as those involved in commercial and inter-personal negotiations.
PETROLEUM FINANCE AND ACCOUNTING PRINCIPLES

COURSE OVERVIEW

Making the most efficient use of your resources is critical to the success of any company. Finance

and accounting comprise the universal business language and help you manage those resources

effectively. Planning and decision making that occur in an informal financial context permit better

application of resources and promote competitive advantage.

 The aim of this course is to improve delegates' job performance by enhancing their understanding of  current international practices in finance and accounting within the E&P industry. This is achieved through  an examination of (a) accounting standards, policies and practices in the oil and gas industry, and (b) the  accounting and financial management implications of exploring for and producing oil and gas. An  understanding of accounting also allows a company to trace a competitor's actions from its financial statements and to plan accordingly.

PROGRAM KEY FEATURES:

  • Apply basic concepts and terminology for accounting and finance in oil and gas
  • Create accounting statements, including a cash flow statement from data accumulation to audited financial statements
  • Distinguish between the different financial statements and their roles
  • Distinguish between financial, managerial, and contract (joint operations) accounting
  • Recognize the different oil and gas accounting methods
  • Determine the difference between profits and cash flow
  • Understand financial reporting requirements for oil and gas companies under IFRS, U.K. and U.S. GAAP
  • Recognize accounting treatments of joint ventures such as Production Sharing Agreements
  • Evaluate a ceiling-test
  • Read and interpret those confusing footnotes
  • Recognize how accounting decisions can affect earnings, cash flows and operational decisions
  • Calculate, understand and analyse financial reports and basic oil and gas ratios
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WHO SHOULD ATTEND

  • Personnel new to the oil and gas accounting industry, others desiring to understand or refresh their knowledge of basic petroleum accounting concepts, other financial personnel needing to understand unique issues as they relate to the petroleum industry and technical people looking for the basic concepts of accounting and finance. Participants are encouraged to bring their company's financial reports