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Oil and Gas Industry Fundamentals

Energy Institute
Course summary
3 or 4 days
Open / Scheduled

Course description

Oil and Gas Industry Fundamentals

This 3-day or 4-day course is a leading course presented by an industry expert and practitioner. Delegates will cover the key sectors of the oil and gas industry from exploration through to fuel retailing. They will learn about the industry value chain covering conventional and unconventional resources, drilling and production processes and facilities, economic fiscal and risk issues, transportation, refining, liquefied natural gas, gas to power, gas-to- liquids, petrochemicals, wholesale product markets, contracts, physical and paper trading, retailing, distribution logistics, emerging markets technologies, competition with alternative energies, environmental, safety and security is designed to be interactive with a range of thought provoking exercises and various presentation media, including short videos. The course is also available in a 4-day format, allowing more time for exercises and details.By the end of this course participants should be able to:• Identify where petroleum comes from and how and where it accumulates• Understand exploration and production techniques and their associated risks• Gain insight to petroleum economic, fiscal and project planning issues• Become aware of development, transport and market options for oil and gas• Recognise the ability of refining and petrochemical processes to balance product market demand• Perceive the importance of the trading, hedging and retailing functions to modern, integrated oil and gas companies• Evaluate the threats and opportunities offered by non-conventional petroleum sources and alternative fuels in terms of a range of scenariosDates:2 - 4 October 201811 - 14 June 201912 - 14 November 2019

Training Course Content

Course overview:Day one: Supply chains and upstream:• Structure of oil and gas supply chains and organisations• Exercise: supply chain issues and choke points• Petroleum system: oil and gas resource formation and location• Crude oil, gas and natural gas liquid (NGL) properties and types• Conventional versus non- conventional resources• Petroleum exploration techniques: reconnaissance, seismic and drilling• Video: deep-water drilling techniques and equipment• Exercise: contingencies for extreme risks• Production processes and equipment: onshore and offshore• Project planning and managing field developments• Video: offshore production platform• Sub-surface and above-ground risks and opportunities• Roles for OPEC (oil) and GECF (gas)• Economic evaluation of field developmentsDay two: Natural gas, midstream and refining• Natural gas: processing, storage, and specification• Liquefied natural gas (LNG)• Video: LNG properties and infrastructure• Regional gas markets, hubs, NGLs and contracts• Exercise: LNG netback prices• Shale gas, coal bed methane and gas hydrate resources• Gas-to-power and Gas-to- liquids (GTL)• Video: GTL–Fischer–Tropsch technology• Marine transportation of crude oil and products (worldscale)• Oil and gas pipelines and storage terminals• Video: construction of transcontinental pipeline in Caspian Region• Exercise: pipeline risk profile• Refinery separation, conversion and blending processes• Video: refinery conversion processes• Refined products, trade movements and their demand trends• Refinery economics, grossDay three: Unconventional oil, downstream, trading and sustainability• Unconventional oil resources: Tar sands, bitumen and oil shales• Heavy oil upgrading and syncrudes• Video: Canadian tars and operations• Sustainability, public relations and community issues• Exercise: addressing community issues• Physical markets, pricing, price trends, FOB and CIF Sales• Product marketing, supply and distribution logistics• Wholesale petroleum product markets: aviation, marine, LPG, bitumen• Forward price curve characteristics and influence on trading strategies• Trading exchanges and over- the-counter (OTC) transactions• Paper markets for trading and hedging• Trading instruments: forwards, futures, swaps and options• Exercise: hedging strategies• Retailing road transport fuel• Biofuels: ethanol and biodiesel renewable fuel obligations• Roles for C-stores, non-fuel products and unmanned forecourts• Competition from coal, renewables and alternative energies• Challenges of greenhouse gas (GHG) emissions• Carbon capture and sequestration (CCS)• Video: CCS• Future scenarios for the oil and gas sector• Forecasts of global primary energy mix to 2050• Exercise: SWOT analysis of industry


Non-Member - £2,550Member - £2,350

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Energy Institute

Energy Institute - Open and Online Courses in Oil and Gas - Bespoke Training

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...

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Energy Institute

61 New Cavendish Street

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