Course description
Oil and natural gas are major industries in the energy market and play an influential role in the global economy as the world's primary fuel sources. The processes and systems involved in producing and distributing oil and gas are highly complex, capital-intensive, and require state-of-the-art technology.
Oil & Gas Industry Fundamentals trainingcoursedesigned in simple layman terms, covers the upstream (exploration and production), midstream, and downstream sectors of the industry. It’s aimed at non-technical people within exploration, production, refining, and service companies, as well as professional advisors, investors, and suppliers. You’ll gain insight into current issues, industry terminology, how money flows through the entire business chain, how different parts of the business interact with each other and with other companies, as well as with external investors.
The course will serve as an orientation to the oil and gas industry. It will provide the jargon used in the industry, the disciplines involved in finding the oil and gas, and bringing all the way to the consumer. The steps in finding oil and gas, drilling for oil and gas, field development, production, processing of the products, transportation, and storage, etc. will be covered. The course will also cover the commercial side of the business.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Oil & Gas Industry Fundamentals training course , is ideal for :
- Planning managers
- Non Geoscience engineer
- Analysts IV.Commercial managers
- Economists, bankers and stock brokers
- Government officials
- Business advisors
- Asset managers
- IT, HR and HSE personnel- Finance, accounting, auditing, taxation and legal personnel
- Administrative secretaries
Outcome / Qualification etc.
On completion of this Oil & Gas Industry Fundamentalscourse you will be able to :
- Gain a comprehensive overview of petroleum and gas industry operations
- Confidently master the technical terms: enhance your credibility with colleagues and clients
- Explore the latest issues in exploration, drilling, production, transportation, storage, product prices, price risk management, world legal systems, economics and much more
- Understand the energy value chain – from prospect to the burner tip
- Evaluate the major costs, risks and uncertainties in oil and gas markets and projects calculate the maximum sustainable capacity.
- Explore future trends and innovations
Training Course Content
Day 1
Essentials of the Industry
- Meaning of petroleum
- Typical oil and gas company objectives
- Industry streams
- World reserves and production
- Peak oil
- Production management
- Quotas and capacities (OPEC/non-OPEC)
- Market distribution and dynamics
- Role of IOCs, NOCs and regulatory bodies
- Glossary of terms
Production Chemistry and Technology
- Role and scope
- Production chemistry
- Elements of production technology
- Reservoir production concepts
- Performance of flowing wells
- Well deliverability and production forecast
- Units and conversions
- Case Study: gas-oil ratio, inflow performance, effect of skin on well productivity
Day 2
Production Engineering
- Completion concepts and techniques
- Casing, tubing and wellhead
- Completion equipment
- Completion design
- Artificial lift techniques
- Completion Practices and well Interventions
- Completion installations
- Multi zone completions
- Well interventions
- Production problems
- Causes of low productivity
- Effect of water-cut on economics
- Abandonments
Production Facilities
- Process selection
- Oil and gas separation
- Crude oil treating systems
- Condensate stabilization
- Gas dehydration
- Produced water-handling systems
- Pumps and compressors–centrifugal and reciprocating
- Offshore production facilities
Day 3
Production Supply Planning and Scheduling
- Control room
- Oil and gas measurement and regulations
- SCADA systems
- Custody transfer and royalty payment
- Metering systems
- Specification and procedures
- Distribution pipeline network
- New metering technologies
- Case study: Gravity separation,
- metering accuracy and financial impact
Storage, Transportation and Marketing
- Oil and gas storage
- Transporting petroleum fluids
- Sales and marketing
- Challenges
- Vertical integration
- Improvements
- Environmental Concerns in Petroleum Production
- Waste generation
- Handling oilfield wastes
- Waste management and minimization
- Industry perception on HS&E
- Corporate responsibility
- Safety standards
- Environmental regulations in different regions
- Case Study: Refining value, transportation cost, contamination limits
Day 4
Economics of Production Management
- Field appraisal and facilities planning
- Feasibility studies
- Capital investment planning and operating
- Cost budgeting
- Sensitivities analysis and investment
- Grade estimate
- Engineering, procurement and construction
- Phases of production (primary, secondary and EOR)
- Changing facilities needs
- Economic limit
Human Resources Management
- Corporate objectives
- HR management challenges
- Increasing project demands
- Lack of qualified people
- Ageing workforce
- Ineffective skills transfer
- Local resources development and training
- Leadership and culture
- Role of government regulatory agencies
Day 5
Disaster and Contingency Planning
- Scenario planning
- Think of the unthinkable
- Minimal operational requirements
- Alternates
- Strategic reserves
- Maximum sustainable capacity
- Future Trends
- Intelligent (smart) wells
- I-Fields – Hi-tech control rooms – Innovations
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...