Oil and Gas Industry Essentials

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Oil and Gas Industry Essentials

HOT Engineering - A Member of the HOT Energy Group
Logo HOT Engineering - A Member of the HOT Energy Group

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Starting dates and places

computer Online:
27 Jun 2022 until 1 Jul 2022

Description

DESCRIPTION

This course provides a holistic overview of the oil and gas industry. It covers both the exploration and production phases and provides a review of the fundamentals of petroleum economics and contracts, risk and project management.

Course Structure: 5 modules of 3 hours each, delivered over 5 days
Each day will consist of 1 module which will be no more than 3 hours in length with multiple breaks.

Course Level: Foundation
Instructor: Pete Smith

DESIGNED FOR YOU, IF YOU ARE...

  • Technical or non-technical staff with limited experience in the oil and gas industry
  • A new graduate company entrant

HOW WE BUILD YOUR CONFIDENCE

This is a five-session online course and has been des…

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Didn't find what you were looking for? See also: Oil & Gas, General Management, Software / System Engineering, Health Management, and Gas Engineering.

DESCRIPTION

This course provides a holistic overview of the oil and gas industry. It covers both the exploration and production phases and provides a review of the fundamentals of petroleum economics and contracts, risk and project management.

Course Structure: 5 modules of 3 hours each, delivered over 5 days
Each day will consist of 1 module which will be no more than 3 hours in length with multiple breaks.

Course Level: Foundation
Instructor: Pete Smith

DESIGNED FOR YOU, IF YOU ARE...

  • Technical or non-technical staff with limited experience in the oil and gas industry
  • A new graduate company entrant

HOW WE BUILD YOUR CONFIDENCE

This is a five-session online course and has been designed using an extensive range of learning techniques. It accommodates various learning styles, e.g. lectures supported and illustrated by worked examples, case studies and follow-up exercises, group exercises and quizzes to give assurance that key learnings are accomplished.

THE BENEFITS FROM ATTENDING

By the end of the course you will have fundamental knowledge and skills to allow you to be a valuable contributor to oil and gas industry operations. Specifically, you will have:

  • Developed a broad knowledge of the key elements of the oil and gas industry
  • Understood the financial and commercial elements of the oil and gas industry
  • Understood the broad technical underpinnings of aspects of geology, geophysics, reservoir engineering and production engineering
  • Developed tools for the application of technical knowledge to daily operations and projects
  • Acquired appropriate skills to become an effective performer, specifically in areas of project management, teamwork and negotiations

TOPICS

Session 1

  • Introduction
  • World petroleum industry
  • Geological fundamentals - sedimentary basins
  • The petroleum system - source rocks
  • Reservoir exploration
  • Exploration prospect risk estimation
  • Well logging, flow testing and fluid sampling for PVT analysis


Session 2

  • Estimating volumes of oil and gas in place
  • Concept of resources and reserves - primary, secondary and tertiary recovery
  • Field development concepts
  • Development wells and production facilities
  • Transporting oil and gas
  • Refining, marketing and sales


Session 3

  • Oil price determinants
  • Economic cost model
  • Transportation and pipeline tariffs
  • Volumetric calculations - reserves estimating methods and classification Comparison of fiscal systems - optimal government take
  • Discounted cashflow projections - net present value & internal rate of return


Session 4

  • Production sharing contracts
  • Basics of project management
  • Triple constraint-scope, schedule & cost
  • Project risks to delivery
  • Tools required to manage risks effectively
  • Developing contingency plans


Session 5

  • Enhancing creativity
  • Strategic Management
  • Stakeholder Management
  • Negotiations

COURSE FEE:
Please note that participants from Austria incur 20% VAT in addition to the disclosed net course fee.

HOT is an award-winning provider of training solutions for the energy industry. We pride ourselves in delivering excellence with each and every course session: Quality is always at the core of what we do.

Our top-notch courses, developed and taught exclusively by true experts, have been valued by the industry for over 30 years. Our training sessions equip our clients with powerful skills to remain competitive in an increasingly complex petroleum industry. We accelerate careers and empower people, striving to achieve the best possible results.

Our training portfolio covers all stages of the E&P value chain, as well as renewable energy, soft skills, and finance courses.

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There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.