Training Fundamentals of the Oil & Gas Industry

Training Fundamentals of the Oil & Gas Industry
29 – 31 Januari 2015, Jogjakarta Plaza Hotel, Yogyakarta
10 – 12 Februari 2015, New Saphir Hotel, Yogyakarta
04 – 06 Maret 2015, Ibis Style Hotel, Yogyakarta
07 – 09 April 2015, Jogjakarta Plaza Hotel, Yogyakarta
12 – 14 Mei 2015, Jogjakarta Plaza Hotel, Yogyakarta
23 – 25 Juni 2015, Jogjakarta Plaza Hotel, Yogyakarta
01 – 03 Juli, Jogjakarta Plaza Hotel, Yogyakarta
04 – 06 Agustus 2015, Jogjakarta Plaza Hotel, Yogyakarta
08 – 10 September 2015, Jogjakarta Plaza Hotel, Yogyakarta
06 – 08 Oktober 2015, Jogjakarta Plaza Hotel, Yogyakarta
17 – 19 November 2015, Jogjakarta Plaza Hotel, Yogyakarta
08 – 10 Desember 2015, Jogjakarta Plaza Hotel, Yogyakarta

DESCRIPTION
Understand the energy value chain from upstream exploration to downstream sales. This Euromoney Energy Training course provides a comprehensive overview of the oil and gas industry from upstream exploration and production to downstream refining, sales and marketing. Under the guidance of our expert course faculty, participants will gain an appreciation of industry dynamics and the key issues affecting its development and future.

This course will provide a thorough foundation for understanding the changing industry dynamics. Participants will enjoy a hands-on experience through a variety of individual and team exercises, with the opportunity to exchange views with a diverse group of industry peers.

How this course will help you

Course participants will:

Explore fossil fuels formation & reserves
Understand exploration processes
Learn about crude oil & gas production
Discover the dynamics of natural gas markets
Appreciate the importance of oil refining, marketing, pricing & hedging
Develop an awareness of oil & gas trading markets
Gain insights into the geopolitics of oil & gas

Who should attend

New starters in the industry
Lawyers involved in the oil & gas industry
Investment managers involved in the oil & gas industry
Bankers involved in the oil & gas industry
Accountants involved in the oil & gas industry

TRAINING AGENDA
Day 1

Welcome address and delegate introductions

Introduction to oil & gas

Course content
Global consumption & reserves of energy & fossil fuels
An introduction to oil & gas
The industry segments

Oil & gas: exploration & appraisal

Origins of oil & gas
Geological requirements for a reservoir
Remote methods of detection
Exploration drilling
Appraisal

Reserves & exploration commercial issues

Accounting for risk: expected monetary value (EMV)
Definition & calculation of reserves
Acquiring acreage & fiscal systems
Joint venture operating agreements
Bidding exercise

Fundamentals of the oil & gas industry

Bidding exercise feedback

Crude oil & gas production

Outline production process
Typical costs & timings
The development decision & ranking projects
Operational issues
Technology advance

Development exercise

LNG development – a new global market

Day 2

Natural gas

Market demand & supply
Major sectors
Transportation of gas

Crude evaluation & selection

Crude classification and assay
Gross product worth
Worldscale (freight costs)
Net margin and crude selection

Oil refining

The main products
Refinery configurations
How refiners influence yield variations
Alternative, clean & renewable fuels
Trends in crude slate
Engine efficiencies, emissions & product quality
Trends in product demand, refining supply & demand
Trends in refining margin
Expansion, construction & the future

Introduction to oil trading markets

Team exercise- buying & selling crude Oil

Overview of oil & gas trading markets

The major global oil trading markets
Gas trading markets
Trading instruments: forwards, futures & swaps
Technical analysis

Day 3

Oil marketing

Distribution
Main market segments
Wholesale, aviation, marine & LPG markets
Retail marketing

Briefing & team exercise – oil trading & hedging

Structure of oil & gas industry & key geopolitical issues

Team exercise conclusions

Course review

Course summary and close