Economics of Oil & Gas Industry (4 Days)

Energy Institute

Course summary

4 days

1,390 GBP excl. VAT

Full time

Online courses

Next available date: 24/05/2021 - Online courses

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Course description

Economics of Oil & Gas Industry

A 4-day online introduction to the economics of the oil and gas industry. This course is suitable for students who are new to the oil and gas industry.

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Suitability - Who should attend?

This course provides an introduction to the economics of the oil and gas value chains suitable for students who are new to the oil and gas industry. It is also useful for those from a technical background who are looking to learn about commercial and economic aspects of the industry.

Outcome / Qualification etc.

This 4-day course provides an introduction to the economics that drive the oil and gas industry. Participants in this course will learn about the oil and gas value chains and will consider the costs, revenues and risk associated with various stages in the chains. Basic economic principles such as Net Present Value and Internal Rate of Returns will be introduced and illustrated with examples from the oil and gas industry. The course will also consider the pricing of oil, oil products and gas – what drives these prices and how investors can hope to make good returns in markets where the commodity prices are so volatile.

Training Course Content

Overview of Oil and Gas Value Chains

Introduction to the Oil Value Chain
Introduction to the Gas Value Chain
Capital and Operating Costs
Major Projects
Commodity Financing/Project Financing

Project Economics – NPV’s, IRRs and others

Introduction to economic terms – NPV, IRR, DCF etc
Introduction to cash flows
Project examples

Economics of Exploration and Production

Typical Project Costs
Risks and Rewards
Typical Contracts and Fiscal Terms – Concessions, PSA’s, Service contracts and more.
Reserves and Reserves Certification

Pricing of Oil and Natural Gas

Influences on world oil price
Marker crude oils
Crude oil characteristics and quality differentials
Crude oil trading (overview)

Refinery Economics

Introduction to Refining
Refining margins and GPW
Typical Project Costs – review of CAPEX and OPEX for refineries
Risks and Rewards

The Economics of Gas Monetisation

Introduction to Gas Monetisation – Pipelines, LNG, Petrochemicals and GTL
Typical Project Costs – review of CAPEX and OPEX for gas monetisation projects
Risks and Rewards

Valuation of Oil and Gas Assets

Valuation methods for oil and gas assets
Mergers and Acquisitions in the oil and gas industry

Course delivery details

This 4-day course provide all the benefits of a classroom course without having to use your budget and time to travel to a venue. Training will be provided each morning over a period of days and conducted live by our expert tutor, Zoe Reeve Young, on the Energy Institute learning management and video conferencing system, allowing delegates to engage with the tutor in real time and ask questions, exactly as in classroom-based training.

Expenses

Non-Member - £1390.00
Member - £1290.00

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About provider

Energy Institute - Open and Online Courses in Energy Management, Oil and Gas and Risk Management

The Energy Institute (EI) is the professional body for the energy industry, delivering good practice and professionalism across the depth and breadth of the sector. The EI is the leading chartered professional membership body for the energy industry, supporting over...