Introduction to the Oil & Gas Industry

3 days 2-4 Jul 2018, London UK £3,395.00 + VAT* Download brochure Add to basket
3 days 17-19 Dec 2018, London UK £3,395.00 + VAT* Download brochure Add to basket

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Overview

This 3-Day accelerated course provides a helicopter view of the fundamentals of the oil & gas industry.  This course is ideal to be used as an introductory training for new entrants or for those transferring from other disciplines into the Oil & Gas of Industry business. It seamlessly covers the wide-array of essential business functions, processes, and the business practices to provide the necessary business acumen.   It provides hand-on business exercises on upstream, middle stream, and downstream, and simplifies the complexity of technical functions such as exploration, seismic evaluation, drilling, well-completion, production, transportation, and refining through visual aids and simulation.  This course is designed to suite the wide background of delegates. Without going into too many details, it deals with core issues and essential concepts of running the downstream business of oil industry. 

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

London
Mohammed Siddiqui

 Mohammed is a marketing manager with Saudi Aramco and has worked in the US, Europe and the Middle East. He has over 32 years of diversified experience in corporate planning, project evaluation, petroleum engineering, Enhanced oil recovery, reservoir management, reservoir simulation, supply planning, and demand forecasting, developing export sales systems for worldwide operations, international sales & marketing. Designed and conducted a corporate-wide course at Getty/Texaco: Planning, Analysis and Modeling System. He has also written several papers in various industry journals, magazines, and a research report for Stanford Petroleum Research Institute on the enhanced oil recovery for the United States Department of Energy (US DOE) Project. Past Program Chairman and Chairman of Society of Petroleum Engineers, Los Angeles Section. Member of SPE, AIChE, IAEE, and ASHRM. Honored as a President’s Scout with the prestigious certificate of merit and good conduct from the President of India, Mr. V.V. Giri.

Diplomas: 

B. Tech in Chemical Engineering with Petroleum Refining Minor (IIT, India)

M.S. in Petroleum Engineering (Stanford University, USA)

M.S. in Business Management (Stanford University, USA)

Certified Supply Chain Manager (CSCM, USA)

Venue

London

Central London Hotel Venue

All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses

Inhouse


 

Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:





Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

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We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:


Read more about our offering or complete a call back request to speak to a learning specialist.

 

Agenda

Day 1

Introduction

  • General Industry Overview & Basic Concepts
  • Learning Objectives
  • Meaning of Petroleum
  • Typical Oil & Gas Company Objectives
  • Typical Oil & Gas Industry Activities
  • Industry Streams
  • Typical Organization Chart
  • Company Structures
  • Petroleum Utilization

Oil & Gas Geology

  • Origin & formation of petroleum
  • Migration of oil & gas
  • Requirements for hydrocarbon accumulation
     - Simple Anticline (Structural Traps)
     - Faulted Anticline
     - Complexly Faulted Anticline
     - Stratigraphic Trap
  • Geological time scale
  • Typical Stratigraphic Column
  • Types of hydrocarbons
  • Classification of crude oil
  • Classification of natural gas
  • Typical natural gas composition
  • Properties of gases

Case Studies: Gas Btu content calculation
Crude oil price estimation

Oil & Gas Prospecting (Exploration)

  • Geological prospecting
  • Geophysical prospecting
     - Seismic (2D & 3D) acquisition
     - Seismic processing & seismic interpretation
  • Offshore seismic data acquisition
  • Onshore seismic data acquisition
  • A seismic section
  • Stratigraphic cross-section
  • Reservoir mapping
     - Anticline structure trap
     - Net pay isopach map

Case Study: Locating wells on structure map

Drilling Operations

  • Drilling
     - Exploration
     - Appraisal
     - Development
     - Maintain potential & infill drilling
     - Delineation and/or step-out drilling
  • Drilling contracts
  • Type and orientation of Wells
  • Horizontal well technology
  • Dual opposing laterals
  • Tri-lateral completion
  • Routine drilling operations
  • Components of rotary rig
  • Rig’s circulating system
  • Functions of drilling mud
  • Drill pipes versus coiled-tubing
  • Different types of drilling bits
  • Casing
     - Classification of casing
     - Functions of casing
  • Cementing a well and its functions
  • Offshore drilling
  • Well control
  • Special drilling procedures
  • Breakdown of drilling costs

Case Study: Number of wells required to develop a field

Technological Advances

  • Intelligent Field (i-Field)
  • GeoSteering technology
  • Horizontal wells
  • Casing while drilling
  • Measurement while drilling (MWD)
  • Logging while drilling (LWD)

Day 2

Formation Evaluation

  • Evaluating a well
  • Whole core and core plugs
  • Open hole logs
  • SP and resistivity log
  • Cased hole logging
  • Well testing

Case Study: Picking formation top and thickness from well logs
Identifying water and hydrocarbon formations from logs

Well Completions

  • Factors in completion design
  • Completion equipment
  • Types of completions
     - Barefoot completions
     - Single well completion
     - Dual completions
     - Commingled completions
  • Perforating a well
  • Reservoir stimulation

Reservoir Depletion Mechanisms

  • Solution-gas drive reservoirs
  • Gas cap drive reservoirs
  • Water drive reservoirs
  • Combination drive reservoirs

Case Study: Locating gas cap on structure map
Placing wells in gas-cap drive oil reservoir

Oil & Gas Production Facilities

  • Typical oil production facilities
  • Artificial Lift Systems
     - Sucker rod pump
     - Gas lift mechanism
  • Purpose of crude treatment
  • Separating and treating well fluid
  • Treating natural gas
  • Gas processing
  • Gas added value products
  • LNG – the growth energy industry
  • Offshore facilities (fixed)
  • Offshore facilities (floating)
  • Subsea production facilities

Transportation

  • Transporting petroleum fluids
  • Pipeline tariffs

Case Study: Calculating pipeline tariff

Maintenance of Oil & Gas Facilities

  • Well servicing and workovers
  • Corrosion & how to avoid it

Oil & Gas Reserves

  • Reserves estimating methods & classification
  • Oil and gas reserves estimates
  • Volumetric calculations
  • Decline curve analysis
  • Economic limit
  • Reserves replacement ratio

Case Study: Calculating initial oil in place and reserves

Reservoir Management

  • Maximize ultimate oil recovery
  • Reservoir management
  • Recovery sequence
  • Typical well locations (gas-cap drive reservoir)
  • Coning of gas from gas-cap

Day 3

Crude Oil Refinery Products & Processes

  • Crude oil refinery
  • Refinery configuration
  • Refinery yields by crude type
  • Refinery margin
  • Refinery margin calculation
  • Factors affecting refinery margin

Legal Framework of the Industry

  • The need for collaboration
  • International agreements
  • Parties to petroleum agreements
  • Contractual arrangements
  • Contract documents
     - Upstream project agreement
     - Shareholder agreement
     - Secondment agreement
     - Technical service agreement
     - Confidentiality agreement
     - Oil and gas purchase agreement
  • Government take
  • Optimal government take
  • Comparison of fiscal systems
  • Flexible fiscal regimes
  • Why dynamic terms
  • Joint venture contracts
  • Risk service contracts
  • Concessionary system’s cash-flow
  • PSA cash-flow distribution

Case Study: Exercise - Concessionary system
          Exercise – Production sharing system

Project Economics

  • Data required for economics
  • Cash-flow projections
  • Typical decision yardsticks
     - Accounting methods
     - Discounted cash-flow methods
  • Characteristics of ideal yardsticks
  • Sample before-tax cash-flow
    -Discounted payback period
    -Net present value
    -Internal rate of return (IRR)
    -Profitability index and present value ratio
    -Unit technical cost (UTC)
    -Long-run marginal cost (LRMC)
  • Investment types
  • Types of investment decisions
  •  Investment decision-making
     - Screening
     - Mutually exclusive investment alternatives
     - Non-mutually exclusive investment alternatives
  • Ranking projects under budget constraint
     - Using PI
     - Using NPV
  • Service producing investments (unequal life)
  • Uncertainties in oil and gas investments
  • Accounting for uncertainties

Case Study: Investment decision-making

Oil Price Risk Management

  • What is oil price risk management?
  • Physical/Cash market
  • Forward trading
  • Futures trading
  • Options contracts
  • Sample future prices & option quotes

Case Study: Options trading exercise


Supplementary Material

  • Historical perspective
  • Organization of petroleum exporting countries (OPEC)
  • World oil and gas reserves and production
  • NOCs, INOCs and the IOCs
  • Oil and gas storage
  • Gas flaring
  • Petroleum trade and transportation
  • Oil price volatility


Technical Short Videos

Critical Oil & Gas Operations Explained Thorough Short Videos

  • 3-D Seismic Survey in the Exploration of Oil & Gas
  • Drilling, Cementing, and Stimulation of Oil & Gas Wells
  • Drilling for Shale Gas, Oil, Tight Gas
  • The two Cutting-Edge Technologies Horizontal Drilling and Hydraulic Fracturing 
  • Oil Recovery Processes: Primary-Second-Tertiary
  • Petroleum Refining basics
  • Crude Oil Transportation – Very Large Crude Carriers 
  • LNG Natural Gas Industry Logistics
  • Mega-pipeline for LNG Project in the Asia Pacific
  • Floating LNG Business the New Frontier
  • Health, Safety & Environment -  Oil & Gas Industry Major Accidents


Glossary of Terms

World Maps Oil Fields, Refineries, Terminals, Transportation Routes, Choke Points,

Why us


We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product