petroconsult energy diploma program (6 weeks)
TRANSCRIPT
PETROCONSULT ENERGY DIPLOMA PROGRAM (6 WEEKS)
BACKGROUND As a result of critical needs assessment of technical know-how and industry management specialization, requirements, we are proud to provide a set of specialized management diploma programs in three core areas.
1. Diploma in Oil & Gas Accounting & Finance
2. Diploma in Petroleum Economics
3. Diploma in Oil & Gas Business Management
4. Diploma in Oil & Gas Supply Chain Management
All of the programs represent the outcomes of research into areas of knowledge group in the non – engineering management of oil & gas exploration and production operations. The actual nature of theses core management areas has therefore necessitated the need to equip national oil companies (NOC), International Oil Companies (IOC) and the Services Companies’ existing and new staff who have been identified as potential future managers & executives.
Program Description Each of these programs consists of three modules:
Module 1: Detailed Oil & Gas Exploration & Production Operations
Module 2: Core topics peculiar to each discipline & diploma
Module 3: Case studies, Class exercises, Assignments / Projects, Industry seminars (available and relevant) & Open – day to the UK Energy Institute in the city of London.
The program will consist of 1 Mandatory Module in Oil & Gas Business Development and Management and 2 Modules decided by choice of subject area. MANDATORY MODULE Module 1 Oil & Gas E&P Business Development and Management 1. DIPLOMA IN OIL & GAS ACCOUNTING AND FINANCE Module 1 – [Mandatory] – 2 weeks
A. Oil & Gas E&P Business Development and Management Module 2 – 4 Weeks 1. Oil & Gas Accounting & Finance (2 weeks) (AF01)
o Part 1: Oil & Gas Accounting in (E&P) JV & PSC Operations o Part 2: Budgeting, Cost Control & Financial Management for
(E&P) Operations
2. International Oil and Gas Exploration &Production Taxation(AF03) And
Cost Recovery Mechanism in Oil & Gas PSC & Service Operations (CEM01)
Module 3 - Case Studies
- Group Exercises
- Etc
2. DIPLOMA IN PETROLEUM ECONOMICS
Module 1 – [Mandatory] – 2 weeks A. Oil & Gas E&P Business Development and Management
Module 2 – 4 weeks
A. Petroleum Exploration & Production Economics (CEM04)
And
B. World Oil & Gas Fiscal Systems & Analysis of E & P Contracts Types (CEM03)
Module 3 - Case Studies
- Group Exercises
- Etc
3. DIPLOMA IN OIL & GAS BUSINESS DEVELOPMENT
Module 1 – [Mandatory] – 2 weeks A. Oil & Gas E&P Business Development and Management Module 2 – 4 weeks A. Oil & Gas Project Management
And
B. Global Crude Oil Marketing Mechanisms, Alternative Funding
Arrangement And Entitlement Crude For Cost Recovery In E&P Operations
Module 3 - Case Studies
- Group Exercises
- Etc
4. DIPLOMA IN OIL & GAS SUPPLY CHAIN MANAGEMENT Module 1 – [Mandatory] – 2 weeks A. Oil & Gas E&P Business Development and Management
Module 2 – 4 weeks A. Engineering & Materials Contract Management
B. Procurement & Supply Chain Management
C. Warehouse Management
D. Developing & Managing E – Commerce for Procurement
E. Additional & Local Content Policy
Critical ways to enhance sustainability
International examples of successful National / local Content
F. UK North Sea Supply Chain Fundamentals for Cost Reduction
Module 3 - Case Studies
- Group Exercises
- Etc BASIS OF PROGRAM Registration: Full and complete registration is required no less than 2 month before program Commencement Participant must be in full time employment Funding/Sponsorship: Employer funded. VISA MATTERS Visa: Consular letter will be provided upon complete completion for relevant visa application. Participants and sponsors are responsible for obtaining relevant visa required For UK Border Agency (UKBA) purposes, the provision of the following is essential:
- Timely Registration completion inclusive of payment - Proof of employment status of all participants, confirming return to
their job offers upon completion of the program. COURSE DELIVERY MODE
- 70% theoretical – seminar/classroom setting - 30% interactive to include the following:
o Case Studies o Class Exercises o Interactive Group work o Home Assignments o Relevant visits to course related locations o SPE Technical Seminars (relevant and available) o Open-day at the Energy Institute etc.
COMPLETION AND CERTIFICATION (BAC Accredited) PETROCONSULT is British Accreditation Council (BAC) acclaimed. All participants of clients are professionals and current working employees within the Oil & Gas Industry, with their respective company as sponsor for their attendance. All are proven oil and gas professionals and as such are expected to be mature learners, present for the furthering of their careers. A Diploma will be issued upon the successful completion of the selected diploma program. FACULTY PROFILE PETROCONSULT is British Accreditation Council (BAC) acclaimed and all our consultants are proven oil and gas professionals, and as such are highly experienced and acclaimed industry professionals, with reputable statuses within the industry and with operational standards bolstering our impeccable quality of service. ACCOMODATION AND LIVING IN THE UK DURING Participants will be responsible for own accommodation, transportation and feeding. Adequate accommodation is available within in and around the surrounding areas at affordable rates, ranging from £150-200 per week (per person) for studio apartments. Additional Services We will be happy to offer the following assistance:
Locating suitable accommodation for participants Locating suitable shared accommodation if required Making reservations for individuals at accommodation of choice
Please note: o This transaction can only be carried out on your behalf as long as
full payment has been made directly into PETROCONSULT upon registration completion.
o Receipts and proof of payment documents for this service will be returned to client for reference and accountability.
PAYMENT POLICY Full payment upon registration is required after which supporting documents are issued for necessary visa application. All amounts paid are refunded in the event of cancellation due to visa matters. All other cancellations less than 14 working days prior to program commencement shall be subject to a 50 percent deduction. Please contact administration department for larger groups. See below for outline of Diploma Curriculum.
Diploma in Oil & Gas Accounting & Finance This is a six week program comprising three modules:
Module 1: – 2 Weeks
Module 2: – 3 Weeks
Module 3: – 1 Week
Module 1 - this module is common to all the three diploma programs.
1. Overview of petroleum hydrocarbon resource
Technical nature of oil & gas resource
The chemistry
Basic exploration, drilling & production
2. International Oil companies and petroleum production
IOC’s worldwide operations Strategic importance of petroleum reserves Overview of integrated worldwide petroleum operations IOC and developing exporting countries’ relationship and implications
for global petroleum production The emergence of National Oil Companies as E&P operators The how-to on new business development strategies for the NOCs
3. Key issues in worldwide petroleum exploration & production
Reserve estimates Geopolitics of oil & gas business Legal issues Technology Market / pricing Project cost & funding Materials & procurement
4. Petroleum Reserve Evaluation
Why Petroleum Reserves Evaluation? Reservoir Assets Economic Evaluation
5. Exploration & Production Fiscal Terms
Joint Venture (JV) & Production Sharing Contracts (PSC) Hybrid PSC Service Contracts International Comparison of Contract Types The Memoranda of Understanding:
a) What it is b) Comparison of oil and gas MOUs from different countries.
6. Petroleum Economics
Exploration & Production Economic Analysis & Decision Criteria Developing PSC & JV Cash Flows Taxation & Tax Revenue Generation Strategies
7. Risk Analysis
Valuation of Petroleum Reserves NPV of Reservoir Asset Taxation and Cash Flow Analysis Decision Tree Analysis
8. Energy Projects Finance & Financial Management
The financing options (alternative funding options – local & offshore) Regional comparison of CAPEX & OPEX for negotiation purposes Customization of funding options as veritable tool for boosting local
content objectives Economic Analysis of Project’s Country of Origin World Bank and IMF Ratings Exchange, Interest and Inflation Rates as Key Factors Financing Growth through Buying another Company (or Producing
Asset) Other Debt Financing Options & their Exigencies Successful Financial Management Skills (Beyond the figures)
9. Materials & Contract Management
Technical & Commercial Issues in Contract Policy Formulation Bidding & Bid Evaluation Selection Criteria & Processes
Legal Processes in Contract Management Legal Dispute Resolution in Relation to Contracts Engineering Contracts Management Peculiarities
10. Crude Oil Marketing Issues
Crude Oil Supply and Demand OPEC and Non-OPEC Supply & Strategies Issues & Projections for the Future Pricing: Underlying Basis, Contango & Backwardation
11. Strategic Management of Oil & Gas Companies
Strategic Analysis of a petroleum company Understanding strategic management Analysing & understanding the external and internal environments Focusing on core competencies & core business Value extraction along oil & gas supply chain
12. The corporate business plan
Development Resource requirements & allocation Benchmarking for growth & Asset optimization Minimizing political risks in oil & gas business management Human resource development and succession planning at middle &
top Management levels Econometric application in business forecasting
Module 2
A. Oil & Gas Accounting in E&P, Operations under Concessionary (Royalty
& Tax), Production Sharing Contracts (PSC) & Service Contracts AF01
Module 1
1. Petroleum Industry Characteristics & Overview of Exploration & Production
2. Oil & Gas (E& P) and Cost Classification, Ascertainment, & Treatment of Costs
3. Accounting Principles (including Accounting Methods) & Financial Policies in
Relation to O&G Upstream Operations
4. Joint Venture Operating Agreements & Operations (including Cash Calls, JV
5. Billings, Multi-Currency Accounting, JV Accounts Reporting to Host Country)
6. Cost Allocation for both JV & PSC (including OPEX, CAPEX, Financing Charges,
and Head Office/Parent Co. Overheads) Asset Usage/Tariff Charges)
7. E&P Operations Funding Arrangements & Accounting Implications e.g. for
Carried Interest Financing, Farm Outs etc.
8. Oil & Gas Revenue Accounting (including pricing mechanisms for various
Spot, Forward, Term & Take or Pay Contract Types, matching of delivery
dates & applicable prices; Royalty Calculations, Accounting for Over and
Under lifts, etc.)
9. Joint Venture (JV) Agreements & the Memorandum of Understanding (MOU)
10. Allowable & Non-Allowable Costs
11. Authorization for Expenditure (AFEs)
12. JV Accounting Reports
13. PSC Agreements (Understanding the Contract Type, Including cost oil, royalty
in cash or kind, cost recovery & cost recovery ceilings, etc).
14. Accounting Implications of Carried Interests, PSC Accounting Procedure and
Reporting Processes
B. Budgeting, Cost Control & Financial Management for Oil & Gas (E&P)
Operations AF01 Module 2
1. Financial Planning & Budgets
2. Budgets Preparation: An Overview
3. JV Budgets vs. Corporate Budgets
4. Operated vs. Non-Operated Budgets
5. Budgets Analysis
6. Financial Controls Systems (including the control environment: internal
/external controls)
7. Budgetary Control (including variance analysis, project cost control,
production cost reporting & control)
8. AFE Administration & Budget Control
9. Performance Bench Marking & Performance measurement
10. Oil & Gas Financing Options
11. Oil & Gas Tax Regimes (Profit Tax & Production Tax)
12. Financial Performance Analysis for Multinational Oil Co
13. Understanding the Financial Statement of International Oil Companies
C. International Petroleum Taxation AF03
1. Upfront Taxes in Oil & Gas Exploration & Production
Oil & Gas License & Bonus Concept
Bonus Types: Bidding, Signature and Production
Bonus Types in Different Countries i.e. Indonesia, Malaysia, USA,
Brazil, Qatar etc.
Libya’s Unprecedented $1billion Signature Bonus: a close review
2. Royalties
Royalty Rates in Different Countries (Equatorial Guinea, Venezuela,
Gabon, Yemen, U.S.A., Nigeria, UK, China)
Fixed and Sliding Scale Royalties
Royalties in Cash & In Kind & Implications for Revenue/Turnover
Calculation
R- Factor Royalties (Philippines, Peru)
Volume Determination for Royalty Calculation
3. Petroleum Revenue Tax (PRT) VS. Petroleum Profit Tax (PPT) &
Hydrocarbon Tax
Impact of PRT Vs PPT on Profitability: Pre-Tax & Post Tax Income
PRT and PPT Rates In Oil & Gas Producing Countries Worldwide
Other Features in Oil & Gas Taxation: Depletion Allowances, Tax
Credits, the French Style Provisions and Severance Taxes
Corporate Income Tax: Rates, Group Taxation, Ring Fencing
Treatment of Interest
Supplemental Petroleum Tax (Trinidad & Tobago)
Tax Deductibles: Import Duty Excise Duty etc.
The MOU / PSA and Cost of Capital Recovery (including cost of capital
on Impairment Expense)
4. The Petroleum Profit Tax, Petroleum Revenue Tax and Resolution of Conflict
between Provisions of Other Legislations /Agreements
E.g. Cost of Capital Recovery
Tax Inversion & the Provisions of the MOU
Conflicting Aspects of the Investment Tax Allowance (ITA)
5. Oil & Gas Contract Types & Impact on Taxation Revenue for Government &
Profitability for Oil Company
Joint Venture (JV) and Profitability of Operation
JV Progressive Tax Rates
Profit Sharing Under JV
Production Sharing Contract (PSC)
Sliding Scales for Cost Oil & Profit Oil
Cumulative Cost Recovery and Excess Cost Oil
R-Factor Production Sharing (Iran, India, Peru)
Service Contracts
Global Service Fee System
Service Fee & Buy-Back Provisions
6. Sensitivity Analysis For Impact Of the Following on Government
Revenue Generation:
Bonuses, Rentals, Royalties & Taxes in Terms of Rates & Timing of
payment
Computation of Government Tax Take and Comparison of
Government Tax Revenues in Different Countries
Tax Treaties and Tax Consolidation across Borders in respect of Oil &
Gas Operations
D. Cost Recovery Mechanism in Oil & Gas PSC & Service Operations CEM01
1. Oil & Gas Exploration & Production Contract Types:
Joint Venture (including Typical Flow of Fiscal Components in
Concessionary (JV) System)
Product Sharing Contract (PSC)
The PSC/PSA and Fiscal System Contractual Stability
PSC Fiscal System's Flow
Types of PSCs in Various Producing Countries
Other Factors Used in Profit Oil Share
Service Contract
2. Other Provisions of Oil & Gas (E&P) Transactions & Contracts (E.g. JOA, PPTA,
MOU & PSA)
Royalty, Petroleum Profit Tax, Petroleum Revenue Tax
Tax Holidays
Investment TAX Allowances
Tax Inversion (Incentive & Penalty Calculations)
Taxation under JV vs. PSC and Service Contract Taxation
Reserves Booking under JV vs. PSC and its implications
The Principle of PSC Cost Recovery Ceiling
PSC Cost Recovery Mechanism & Modelling (including Capital
Allowance, Allowable Intangible Costs, Investment Tax Allowance and
the recovery of Gas Cost from Oil Operations)
Module 3 - Case Studies
- Group Exercises
- Seminar
- Guided tour of UK Energy Institute
Diploma in Petroleum Economics This is a six week program comprising of three modules:
Module 1 – 2 Weeks
Module 2
Module 3
Module 1 - this module is common to all the three diploma programs.
1. Overview of petroleum hydrocarbon resource
Technical nature of oil & gas resource
The chemistry
Basic exploration, drilling & production
2. International Oil companies and petroleum production
IOC’s worldwide operations Strategic importance of petroleum reserves Overview of integrated worldwide petroleum operations IOC and developing exporting countries’ relationship and implications
for global petroleum production The emergence of National Oil Companies as E&P operators The how-to on new business development strategies for the NOCs
3. Key issues in worldwide petroleum exploration & production
Reserve estimates Geopolitics of oil & gas business Legal issues Technology Market / pricing Project cost & funding Materials & procurement
4. Petroleum Reserve Evaluation
Why Petroleum Reserves Evaluation? Reservoir Assets Economic Evaluation
5. Exploration & Production Fiscal Terms Joint Venture (JV) & Production Sharing Contracts (PSC) Hybrid PSC Service Contracts International Comparison of Contract Types The Memoranda of Understanding:
a) What it is b) Comparison of oil and gas MOUs from different countries.
6. Petroleum Economics
Exploration & Production Economic Analysis & Decision Criteria Developing PSC & JV Cash Flows Taxation & Tax Revenue Generation Strategies
7. Risk Analysis
Valuation of Petroleum Reserves NPV of Reservoir Asset Taxation and Cash Flow Analysis Decision Tree Analysis
8. Energy Projects Finance & Financial Management
The financing options (alternative funding options – local & offshore) Regional comparison of CAPEX & OPEX for negotiation purposes Customization of funding options as veritable tool for boosting local
content objectives Economic Analysis of Project’s Country of Origin World Bank and IMF Ratings Exchange, Interest and Inflation Rates as Key Factors Financing Growth through Buying another Company (or Producing
Asset) Other Debt Financing Options & their Exigencies Successful Financial Management Skills (Beyond the figures)
9. Materials & Contract Management
Technical & Commercial Issues in Contract Policy Formulation Bidding & Bid Evaluation Selection Criteria & Processes
Legal Processes in Contract Management Legal Dispute Resolution in Relation to Contracts Engineering Contracts Management Peculiarities
10. Crude Oil Marketing Issues Crude Oil Supply and Demand OPEC and Non-OPEC Supply & Strategies Issues & Projections for the Future Pricing: Underlying Basis, Contango & Backwardation
11. Strategic Management of Oil & Gas Companies
Strategic Analysis of a petroleum company Understanding strategic management Analysing & understanding the external and internal environments Focusing on core competencies & core business Value extraction along oil & gas supply chain
12. The corporate business plan
Development Resource requirements & allocation Benchmarking for growth & Asset optimization Minimizing political risks in oil & gas business management Human resource development and succession planning at middle &
top Management levels
Econometric application in business forecasting
Case Studies & Group Exercises
* Module 1 is compulsory for all three diplomas.
Module 1 has a 2 – week duration. Module 2 (3 Weeks)
A. World Oil & Gas Fiscal System & Analysis of Exploration & Production
Contract Types CEM03
1. Overview of Exploration license requirements
Oil & Gas License Bonuses
Bonus Concept
Bonus Types: Bidding, Signature and Production
Bonus Types in Different Countries i.e. Indonesia, Malaysia, USA,
Brazil, Qatar etc.
2. Royalties
Royalty Rates in Different Countries (Equatorial Guinea, Venezuela,
Gabon, Yemen, U.S.A., Nigeria, UK, China)
Fixed and Sliding Scale Royalties
Royalties in Cash & In Kind & Implications for Revenue/Turnover
Calculation
R- Factor Royalties (Philippines, Peru)
Volume Determination for Royalty Calculation
3. Tax / Economic Rent Fiscal Instruments from Different Countries
Petroleum Revenue Tax (PRT) Petroleum Profit Tax (PPT)
Impact of PRT Vs PPT on Profitability: Pre-Tax & Post Tax Income
PRT and PPT Rates In Oil & Gas Producing Countries Worldwide
Other Features in Oil & Gas Taxation: Depletion Allowances, Tax
Credits, the French Style Provisions and Severance Taxes
Corporate Income Tax: Rates, Group Taxation, Ring Fencing
Treatment of Interest
Supplemental Petroleum Tax (Trinidad & Tobago)
Tax Deductibles: Import Duty Excise Duty etc.
The MOU / PSA and Cost of Capital Recovery (including cost of capital
on Impairment Expense)
4. The Petroleum Profit Tax, Petroleum Revenue Tax and Resolution of Conflict
between Provisions of Other Legislations /Agreements
E.g. Cost of Capital Recovery
Tax Inversion & the Provisions of the MOU
Conflicting Aspects of the Investment Tax Allowance (ITA)
5. Oil & Gas Contract Types
Joint Venture (JV) and Profitability of Operation
Financing Options for JV Operations
Carried Interest Concepts
JV Progressive Tax Rates
Profit Sharing Under JV
Production Sharing Contract (PSC)
Sliding Scales for Cost Oil & Profit Oil
Cumulative Cost Recovery and Excess Cost Oil
Variations in PSC Worldwide (Malaysia, Indonesia, Libya, Oman,
Egypt, Iran, Nigeria etc)
Exploration & Production Cash Flow Analysis under PSC
R-Factor Production Sharing (Iran India, Peru)
Service Contracts
Global Service Fee System
Service Fee & Buy-Back Provisions
Hybrid Fiscal Systems
Mixture of the Three Main Fiscal Systems in Different Multinational
Oil Companies
6. The Legal Framework of Oil & Gas Contract Types
7. Profitability Analysis of Fiscal Systems
Overview of Economic Concepts/Tools for Profitability Analysis (NPV,
DCF, ROR, EMV)
Economic Analysis of Oil &Gas Exploration & Production
(Concession/Acreage Based Analysis)
Exploration & Production Cash Flow Projection (JV and PSC)
8. Sensitivity Analysis for Impact of:
Bonuses, Rentals, Royalties, Taxes, etc.
Timing Of payment (Front End Loading Vs Back End Loading)
Economics of Risk Sharing
Geological Risk, Cost Over-runs, Reserve Risks And Price Risk
Understanding Various Memoranda of Understanding (MOU) for
Profitability Analysis
Computation of Government Take And Comparison of Government
Take in Different Countries.
9. The Fiscal Regimes of USA Gulf of Mexico
B. Petroleum Exploration Risks & Decision Analysis CEM06
1. Quantification of uncertainty and risk in exploration, reserves, cost and
economic evaluation.
2. Exploration Risk Analysis Using Decision Tree Technique for Economic
Monetary Value (EMV) Estimation.
3. The application of risk in the evaluation of exploration prospects.
4. Key Filed Development Considerations:
Efficient monitoring of reservoir performance
Reduction of Unnecessary Wells Drilling
Wellbore and surface systems
Well testing and automated production systems
Economic impact of operating plans
Identifying and acquiring critical data, data acquisition, and analysis
5. Develop knowledge of upstream petroleum economic discounted cash flow
evaluation methodologies
6. Become familiar with the derivation, calculation and application of economic
metric such as NPV & IRR, (discounted cashflow) Payback & ROCE.
7. Incremental and project consolidation analysis
8. Understand government and oil company perspectives
9. Understand the financial structure and mechanisms of production sharing
contracts including the calculation of cost recovery and profit oil splits
10. Construct production sharing contract and tax & royalty concession
spreadsheets models (Excel-Based Models)
11. Identify key risks and uncertainties for your projects
12. Make better recommendations and improve the quality of your decision
making.
C. Petroleum Exploration & Production Economics CEM04
1. Oil & Gas Contract Types & Fiscal Policy
2. Reservoir Volume Estimation Methods
Reservoir Volume Estimation Methods
3. Economic Analysis
Economic Yardsticks and Quantitative Measures
Economics Decision Tools
Economic Analysis Applied to E & P Operations
Petroleum Oil & Gas Project Economics
4. Key Field Development Considerations
Efficient monitoring of reservoir performance
Reduction of Unnecessary Wells Drilling
Wellbore and surface systems
Well testing and automated production systems
Economic impact of operating plans
Identifying and acquiring critical data, data acquisition, and analysis
5. Risk Analysis
Valuation of Petroleum Reserves
NPV of Reservoir Asset
Taxation And Cash Flow Analysis
Decision Tree Analysis
6. Field Development Options / Considerations & Economics
Basic Concepts in Field Development (including Reservoir
Characterization, Phase Behaviour & Drive Mechanism)
Optimum Decision Making in Field Development
Optimum utilization of wells (including new wells or not, well placing
and spacing requirements, in-fill wells etc.)
Well / Field Intervention (including optimum completion, stimulation
and identification of production strategy)
Pressure & Pressure Maintenance Operation (PMO) and Economic
Considerations
Economics of Surface Facilities
Production Optimization & Economics (including well lift, gas lift,
Bean/choke system and overall systems performance)
7. Production Options & Economic Implications
Field Life Cash Flow Preparation
This will entail use of Microsoft Excel Software
D. Financing Energy Projects
- Investment Appraisal Methods
- Investment Risk Analysis
- Securing External Findings
Module 3 (1 Week) - Case Studies
- Group Exercises
- Guided Tour of UK Energy Institute
Diploma in Oil & Gas Business Management These complies three modules in six week duration. Module 1 – 2 Weeks Module 1 - this module is common to all the three diploma programs.
1. Overview of petroleum hydrocarbon resource
Technical nature of oil & gas resource
The chemistry
Basic exploration, drilling & production
2. International Oil companies and petroleum production
IOC’s worldwide operations Strategic importance of petroleum reserves Overview of integrated worldwide petroleum operations IOC and developing exporting countries’ relationship and implications
for global petroleum production The emergence of National Oil Companies as E&P operators The how-to on new business development strategies for the NOCs
3. Key issues in worldwide petroleum exploration & production
Reserve estimates Geopolitics of oil & gas business Legal issues Technology Market / pricing Project cost & funding Materials & procurement
4. Petroleum Reserve Evaluation
Why Petroleum Reserves Evaluation? Reservoir Assets Economic Evaluation
5. Exploration & Production Fiscal Terms
Joint Venture (JV) & Production Sharing Contracts (PSC) Hybrid PSC Service Contracts International Comparison of Contract Types The Memoranda of Understanding:
a) What it is b) Comparison of oil and gas MOUs from different countries.
6. Petroleum Economics
Exploration & Production Economic Analysis & Decision Criteria Developing PSC & JV Cash Flows Taxation & Tax Revenue Generation Strategies
7. Risk Analysis
Valuation of Petroleum Reserves NPV of Reservoir Asset Taxation and Cash Flow Analysis Decision Tree Analysis
8. Energy Projects Finance & Financial Management
The financing options (alternative funding options – local & offshore) Regional comparison of CAPEX & OPEX for negotiation purposes Customization of funding options as veritable tool for boosting local
content objectives Economic Analysis of Project’s Country of Origin World Bank and IMF Ratings Exchange, Interest and Inflation Rates as Key Factors Financing Growth through Buying another Company (or Producing
Asset) Other Debt Financing Options & their Exigencies Successful Financial Management Skills (Beyond the figures)
9. Materials & Contract Management
Technical & Commercial Issues in Contract Policy Formulation Bidding & Bid Evaluation Selection Criteria & Processes Legal Processes in Contract Management Legal Dispute Resolution in Relation to Contracts Engineering Contracts Management Peculiarities
10. Crude Oil Marketing Issues Crude Oil Supply and Demand OPEC and Non-OPEC Supply & Strategies Issues & Projections for the Future Pricing: Underlying Basis, Contango & Backwardation
11. Strategic Management of Oil & Gas Companies
Strategic Analysis of a petroleum company Understanding strategic management Analysing & understanding the external and internal environments Focusing on core competencies & core business Value extraction along oil & gas supply chain
12. The corporate business plan
Development Resource requirements & allocation Benchmarking for growth & Asset optimization Minimizing political risks in oil & gas business management Human resource development and succession planning at middle &
top Management levels
Econometric application in business forecasting
Case Studies & Group Exercises
* Module 1 is compulsory for all three diplomas.
Module 1 has a 2 – week duration. Module 2 – 3 Weeks
Module 2
A. E&P Business Development and Management Program CEM05
1. International Oil companies and petroleum production
IOC’s worldwide operations
Strategic importance of petroleum reserves
Overview of integrated worldwide petroleum operations
IOC and developing exporting countries’ relationship and implications
for global petroleum production
The emergence of National Oil Companies as E&P operators
The how-to on new business development strategies for the NOCs
2. Key issues in worldwide petroleum exploration & production
Reserve estimates
Geopolitics of oil & gas business
Legal issues
Technology
Market / Pricing
Project cost & funding
Materials & Procurement
3. Petroleum Reserve Evaluation
Why Petroleum Reserves Evaluation?
Reservoir Assets Economic Evaluation
4. Exploration & Production Fiscal Terms
Joint Venture (JV) & Production Sharing Contracts (PSC)
Hybrid PSC
Service Contracts
International Comparison of Contract Types
5. Petroleum Economic
Exploration & Production Economic Analysis & Decision Criteria
Developing PSC & JV Cash Flows
Taxation & Tax Revenue Generation Strategies
6. Risk Analysis
Valuation of Petroleum Reserves
NPV of Reservoir Asset
Taxation and Cash Flow Analysis
Decision Tree Analysis
7. Energy Projects Finance & Financial Management
The financing options (alternative funding options – local & offshore)
Regional comparison of CAPEX & OPEX for negotiation purposes
Customization of funding options as veritable tool for boosting local
content objectives
Economic Analysis of Project’s Country of Origin
World Bank and IMF Ratings
Exchange, Interest and Inflation Rates as Key Factors
Financing Growth through Buying another Company (or Producing
Asset)
Other Debt Financing Options & their Exigencies
Successful Financial Management Skills (Beyond the figures)
8. Materials & Contract Management
Technical & Commercial Issues in Contract Policy Formulation
Bidding & Bid Evaluation
Selection Criteria & Processes
Legal Processes in Contract Management
Legal Dispute Resolution in Relation to Contracts
Engineering Contracts Management Peculiarities
9. Crude Oil Marketing Issues
Crude Oil Supply and Demand
OPEC and Non-OPEC Supply & Strategies
Issues & Projections for the Future
Pricing: Underlying Basis, Contango & Backwardation
10. Strategic Management of Oil & Gas Companies
Strategic Analysis of a petroleum company
Understanding strategic management
Analysing & understanding the external and internal environments
Focusing on core competencies & core business
Value extraction along oil & gas supply chain
11. The Corporate Business Plan
Development
Resource requirements & allocation
Benchmarking for growth & Asset optimization
Minimizing political risks in oil & gas business management
Human resource development and succession planning at middle &
top management levels
Econometric application in business forecasting
B. Oil & Gas Project Management CEM09
1. Introduction to project management
Project types in the E & P industry
The Importance of communication
Appropriate communication process development for projects
Objectives of Project Management
Project Plans and Assumptions
Project Execution Plan (PEP)
2. Project Economics (An Overview)
Economic Appraisal of Projects
Lenders Expectation during Project Execution
3. Project structuring And Scheduling
Work breakdown structures (WBS)
Procedure Networks, Critical Path Network & Gantt Charts
Project Milestones
Establishing Project Methodology
4. Project Resources & Procurement Management
Resources Availability & Limitations
Resources Procurement Planning & Cost/Benefit Analysis e.g. Make or
Buy Decisions, Vendor Appraisal
Project Management & Personnel Management
5. Project Risk Evaluation & Management
Risk identification, evaluation and management plans
Financial, Operational, (Pre-completion and Post-completion risks)
Establishing Control Processes
6. Project Execution & Reporting
Proactive management
Monitoring & Reporting Actual Tasks and Progress
Re-planning to achieve objectives
Planned Vs Actual Performance Management
Module 3 - Case Studies
- Group Exercises
- Guided Tour of UK Energy Institute
Diploma in Oil & Gas Supply Chain Management This program consists of three modules in six week duration. Module 1 – 2 Weeks Module 2 – 3 Weeks Module 3 – 1 Week
Module 1 - this module is common to all the three diploma programs.
1. Overview of petroleum hydrocarbon resource
Technical nature of oil & gas resource
The chemistry
Basic exploration, drilling & production
2. International Oil companies and petroleum production
IOC’s worldwide operations Strategic importance of petroleum reserves Overview of integrated worldwide petroleum operations IOC and developing exporting countries’ relationship and implications
for global petroleum production The emergence of National Oil Companies as E&P operators The how-to on new business development strategies for the NOCs
3. Key issues in worldwide petroleum exploration & production
Reserve estimates Geopolitics of oil & gas business Legal issues Technology Market / pricing Project cost & funding Materials & procurement
4. Petroleum Reserve Evaluation
Why Petroleum Reserves Evaluation? Reservoir Assets Economic Evaluation
5. Exploration & Production Fiscal Terms Joint Venture (JV) & Production Sharing Contracts (PSC) Hybrid PSC Service Contracts International Comparison of Contract Types The Memoranda of Understanding:
a) What it is b) Comparison of oil and gas MOUs from different countries.
6. Petroleum Economics
Exploration & Production Economic Analysis & Decision Criteria Developing PSC & JV Cash Flows Taxation & Tax Revenue Generation Strategies
7. Risk Analysis
Valuation of Petroleum Reserves NPV of Reservoir Asset Taxation and Cash Flow Analysis Decision Tree Analysis
8. Energy Projects Finance & Financial Management
The financing options (alternative funding options – local & offshore) Regional comparison of CAPEX & OPEX for negotiation purposes Customization of funding options as veritable tool for boosting local
content objectives Economic Analysis of Project’s Country of Origin World Bank and IMF Ratings Exchange, Interest and Inflation Rates as Key Factors Financing Growth through Buying another Company (or Producing
Asset) Other Debt Financing Options & their Exigencies Successful Financial Management Skills (Beyond the figures)
9. Materials & Contract Management
Technical & Commercial Issues in Contract Policy Formulation
Bidding & Bid Evaluation Selection Criteria & Processes Legal Processes in Contract Management Legal Dispute Resolution in Relation to Contracts Engineering Contracts Management Peculiarities
10. Crude Oil Marketing Issues Crude Oil Supply and Demand OPEC and Non-OPEC Supply & Strategies Issues & Projections for the Future Pricing: Underlying Basis, Contango & Backwardation
11. Strategic Management of Oil & Gas Companies
Strategic Analysis of a petroleum company Understanding strategic management Analysing & understanding the external and internal environments Focusing on core competencies & core business Value extraction along oil & gas supply chain
12. The corporate business plan
Development Resource requirements & allocation Benchmarking for growth & Asset optimization Minimizing political risks in oil & gas business management Human resource development and succession planning at middle &
top Management levels
Econometric application in business forecasting
Case Studies & Group Exercises
* Module 1 is compulsory for all three diplomas.
Module 1 has a 2 – week duration.
Module 2 A. Engineering & Materials Contract Management
1. Classification of Contracts in the Petroleum Industry
2. Stages in Typical Petroleum Industry Contract Administration &
Contract Management Flow chart.
3. Contracts Approval Process
4. Preparation of Contract Terms & Conditions, Clauses, Scheduling etc.
5. Problems & Challenges of Successful Contract Management:
Including Stock Optimization,
Inventory Mgmt.,
E-Procurement: Manual vs. Electronic Bidding
Integration of Contract Software with Accounting Packages,
Contract Time Scheduling
Engineering Projects, Contract & AFE Administration
6. Procurement Logistics Coordination in Engineering Project Contract
7. Success Factors for Contract Management:
Internal Processes & Process Development for Bid Evaluation &
Bid Analysis Methods
Suppliers’ Selection Criteria
Establishment of Benchmarks & Best Practice
Compliance Monitoring
Module 3
A. Procurement & Supply Chain Management
B. Warehouse Management
C. Developing & Managing E – Commerce for Procurement
D. Additional & Local Content Policy
Critical ways to enhance sustainability
International examples of successful National / local Content
E. UK North Sea Supply Chain Fundamentals for Cost Reduction