Petroleum Business Management Courses

This training course provides participants with a clear understanding of the roles, responsibilities, and best practices of regulatory authorities in the midstream and downstream petroleum sectors. It covers key areas such as policy formulation, compliance monitoring, safety and environmental regulations, and stakeholder engagement. The course aims to equip regulators and industry professionals with the knowledge and tools needed to foster a transparent, safe, and efficient petroleum sector.

The global oil and gas industry is powered by complex and dynamic supply chains, which have far-reaching implications for safety, health, and the environment. Because of the high-risk nature of the industry, any small mistake in managing its supply chain can have severe repercussions on all participating companies, personnel, the environment and society. Unfortunately, due to the technical nature of the industry, supply chain management (SCM) in the industry was initially considered a ‘soft issue’ until the players in the industry realised that about 80% of their operating expenses are ‘burnt’ on SCM-related activities. Therefore, successfully managing the oil and gas supply chain from a strategic standpoint is not just a cost-saving activity but a strategy for improving the overall performance of the firms in the oil and gas industry. Considering this, the current training course adopts advanced teaching techniques from practical and theoretical perspectives to expose the participants to global best practices in managing the oil and gas supply chains strategically.

This 5-day intensive course provides participants with a thorough understanding of project finance and infrastructure investment strategies in the oil and gas sector. It covers the complexities of financing large-scale infrastructure projects, assessing investment opportunities, and managing financial risks. The course explores various financing structures, including Public-Private Partnerships (PPPs) and private equity, while addressing the unique challenges of infrastructure development in the oil and gas industry. Through a combination of theoretical discussions, case studies, and practical exercises, participants will gain the skills needed to evaluate investment opportunities, structure project finance deals, and optimize infrastructure development.

This course provides an in-depth understanding of the global oil and gas markets, focusing on the trade practices, market dynamics, risk management, and regulatory environment. It is designed for professionals seeking to deepen their knowledge and skills in the international oil and gas trading sector.

This course introduces the participant to the many phases and technologies involved in the Oil and Gas Industry.  It begins with how and where you find it.  Continues with how you produce, process and transport and market the product.  The course includes the new technologies that are being used by the industry.

This highly interactive course is designed with Engineers in a leadership role or seeking to move into the role in mind. Understanding your role, people and their motivations will be key in your leadership position. This course is packed with all the challenges you face in leading, managing and driving your team to superior performance. You will explore and understand the key skills for leading people in all disciplines.

In today’s fast-paced environment, competitiveness and quality are ‘must-haves’ for all organisations. This workshop provides the needed models and structures to develop an organisation effectively through the challenges they face.

This course introduces participants to the various and currently practiced petroleum fiscal systems and their valuation techniques. Delegates are also given practical guidance on the valuation of the different contracts and economic analysis of oil and gas development projects (within these fiscal environments) with special emphasis on Royalty-Tax systems and Production Sharing Contract PSC’s. The course also introduces participants to the concept and techniques of uncertainty and risk analysis as they apply to oil and gas development investment decisions.

This three-day intensive and interactive course uses the principles of financial analysis and the power of Excel to identify the important variables that can dramatically enhance the value of an organisation in the oil and gas industry. Using Excel and oil and gas based cases and exercises, delegates will learn how to master many of the tools and functions it provides to apply the latest financial analysis techniques, understand what the numbers are revealing and be better able to make strategic and tactical decisions. The seminar proceeds from fundamental financial analysis to more advanced techniques for determining the cost of capital, methods of projecting the benefit of capital projects. In addition, delegates will learn how to evaluate organisations with which delegates are planning to do business; determine if they are able to provide strategic strength to your company. Databases of companies and situations in the oil and gas industry have been specially prepared for this course and delegates will have the opportunity to analyse companies from around the globe: both IFRS based companies and US GAAP companies, for example. Participants will be given Excel templates for use during this session, which will be theirs to keep. The power of Excel enriches the learning experience and enhances the seminar experience found when using only manual learning methods.

The ISO 55001 standard specifies the requirements for the establishment, implementation, maintenance and improvement of a management system for asset management, referred to as an “asset management system”. This International standard can be used by any organization. This course aims to introduce the new standard ISO 55001on Asset Management & train them as the internal auditor. It is for Internal Auditor who wants to learn the skill required to perform internal audit for using the framework of the new Asset Management standard ISO 55001.

In every organisation, the basis of business activity is the creation, drafting, negotiation and management of contracts. Those involved in the contracting process are, rightly, required to act as contracts professionals, and can no longer afford to treat contracts as an adjunct to their main roles. The increasing complexity of contracts, particularly when used in an international context, has brought the need for such skills into sharp focus. With these matters in mind this training course is designed to: • Examine the core skills, knowledge, behaviours of a professional in the Oil and Gas industry • Know and use those core skills such as: delegation, teambuilding, coaching, negotiation, persuasion and influence • Understand the factors that truly motivate people • Explore and know how to Manage Performance effectively • Immerse participants on a journey of discovery in effective negotiation • Examine Emotional Intelligence and the benefits to the organisation

This course is aimed at both managers, engineers and commercial specialist. It provides the participants with tools and practical techniques to identify, analyse and manage uncertainties and risk in exploration and production projects. Delegates will have the opportunity to explore these challenges, with hands-on application of industry-standard tools and techniques to assess realistic scenarios and associated data. The essential commercial drivers are held in perspective at all times. Learning is reinforced by working on case material to explore uncertainties and risks in the context of production forecasting, cash-flow management, incremental projects and asset portfolio manipulation.

This course is design to introduce the concept of energy policies across the globe, through comparison of the policies affecting oil, gas, renewable, nuclear etc, with emphasis on natural gas as an alternative energy source for the future, and the basis for developing such policies by government or regulators taking cognisance of economic factors and infrastructure. The structure of such policy to public and private sector within the gas value, chain as well as the industrial and domestic energy consumers. The course identifies the global energy outlook and how it favours the use of natural gas, as well as the potential technologies that drive gas choice in comparison with other energy sources such as oil, coal, nuclear, biofuels. Electricity generation is then discussed as the key factor in gas industry, with examples of the dependency of electricity on the gas market, and how this shaped the gas policy to encourage participation of private companies in both generation, transmission and distribution. The course will then look at the practical examples of the gas policies development and how it changes over time in different countries such as UK, US, Middle East, Africa and Europe. This unique combination of theories and examples of the existing policies could help policy makers, resource personnel, management team and private sector in the industry to understand their role and strategize their investment and interest in the gas policy at international and local level.

This 5-day course provides participants with an overview of the key business aspects of the upstream petroleum business. It explores the key contracting and portfolio management challenges in the 21st century petroleum industry and discusses the important functional management issues facing managers today, including technical, financial, marketing and petroleum accounting. The course is highly interactive with practical business simulation examples based on portfolio analysis and making difficult business and investment decisions to maximising overall organisational performance by taking into consideration international, national, and local trends and policies, portfolio performance, enterprise resources, as well as environmental and business risks.

The area of Contract, Negotiation and Contract Management is crucial to the successful operation of all business and can be a time intensive set of functions. Cost effective staff operations in this area, if properly implemented, can be one of the most lucrative areas for building business relationships and generating revenue. A contract lifecycle management platform simplifies contract operation and management processes, providing the ability to manage and avoid risk and compliance issues through templates and approval workflows, streamline negotiations with online redlining, deliver more revenue and faster with e-signatures, and more easily manage documents after they are signed helping organizations grab opportunities that may otherwise have been missed. The business-standard contract management model, typically exercises purview over the following business disciplines: • Essential legal knowledge • Offshore tax and jurisdictional knowledge • Authorisation and negotiation • Effective risk management • Communication management • Contract visibility and commercial awareness • Document management • Contract compliance/ corporate governance

This course is introductory to intermediate in nature and it has been designed to provide a good level of knowledge and practice across the main aspects of Costing and Budgeting in the Oil and Gas Industry. During this intensive four day course, delegates will be exposed to the intricacies of management accounting, in particular as they relate to the costing and budgeting aspects in Oil and Gas companies. In this training programme you will learn how to: Develop budgeting skills required for better decision-making Identify & allocate various types of costs in the preparation of a budget Perform variance analysis and take corrective action steps accordingly

On this short course, the UK Government is treated as the principal case study; therefore there is an emphasis on the law in the UK oil and gas sector. However, wherever possible, the course materials and teaching will be contextualised to incorporate the law as well as the practices of professionals from other countries in attendance.  Furthermore, wherever possible, problems and solutions in other jurisdictions will also be examined. Practical application of the legal principles is of fundamental importance to this qualification. This is reflected in two ways: (1) in the interactive and practical nature of the regular activities and the assessment question in each module and (2) the significant input in the preparation of materials and delivery of teaching by oil and gas legal experts. Key Benefits of Attending This range of content in this course is distinctive since it pulls together all of the major legal obligations affecting the industry. By the end of this course, the delegate should have the following: Knowledge and Understanding of: The legal principles relevant to the contractual and non-contractual legal obligations incumbent on every entity in UK law The legal principles relevant to the contractual and non-contractual legal obligations incumbent on those operating in the oil and gas industry The legal and oil and gas industry structure within which those principles operate 2. The Practical Skills to: Carry out research into a practical legal problem Apply the law to that problem and generate a solution Recognise and interpret legal terminology in contractual or other documentation Effectively draft or revise important contractual clauses relevant to the oil and gas industry Properly risk manage the legal relationship between parties interacting (by contract and otherwise) in the oil and gas industry 3. The Intellectual Skills to: Research the law in relation to a particular situation in which legal implications exist; Analyse the law in a critical way Develop a technique for gathering relevant raw information prior to carrying out a legal analysis of a practical legal scenario Solve practical situations in which industry legal issues might arise Plan and manage work appropriately and to work to deadlines Develop an understanding of personal learning needs and methods

This course will help non-financial managers and staff within the industry improve their knowledge and application of best practices in financial management and accounting within E&P. The course covers the key financial principles in exploration, development and production.  It goes on to examine how business decisions impact upon financial statements and financial performance and how by understanding these impacts managers are better placed to evaluate their decisions.  We will then look the financial impact of the contractual arrangements found in the industry, in particular how Production Sharing Agreements impact upon results and reserves

This course is introductory to intermediate in nature and it has been designed to provide a good level of knowledge and practice across the main aspects of IFRS based accounting in the Oil & Gas industry. During this intensive three day course, delegates will be exposed to a variety of fiscal regimes, with the opportunity to discuss the fiscal regime in their own jurisdiction. The course discusses successful effort and full cost accounting techniques, with reference to IFRS and FASB accounting standards. In addition, delegates will also learn about intangible assets and their importance in the Oil & Gas industry as well as the fundamentals of Property, plant and equipment: Oil and Gas (Development and Production). The impairment of development and production assets is a vital topic for the Oil & Gas industry and delegates will see these matters in action during the course. Many Oil & Gas industry arrangements are based on Joint Arrangements: Joint venture & Joint operations and delegates will explore these aspects in detail in order that they can understand apply the rules found in several IFRS once they return to work. Finally, revenue recognition, which has been a matter of research and development by various accounting standards bodies for a decade and more has culminated in IFRS 15: delegates will spend some time in discussing this standard and its implications for the future

This course is aimed at accounting professionals wishing to deepen their knowledge of the accounting procedures applied to joint operations and production sharing contracts. We consider this from the perspective of operator, non-operator and national petroleum company.  The course assumes IFRS as the accounting framework to be used but references US GAAP to the extent that is it relevant to an IFRS business.

The commercial and operational practices of the upstream oil and gas industry pose unique challenges to accountants who need to operate under multiple reporting frameworks with conflicting accounting methods and with unique contractual arrangements such as production sharing contracts and joint venture arrangements. This course considers the IFRS accounting practices that are applied in relation to exploration, development and production.

In view of an increasingly cost-focused and cash flow business climate, this short course is designed to address the effective design and operated cash call activities and framework that are critical to success of the JV partnership. This is because, in accordance with the terms and conditions in the Joint Venture (JV) / Joint Operating Agreement (JOA), each month the operator must estimate the cash requirements for the upcoming month and request payment from the non-operating associates. Once paid, the advance payment will be offset against the actual expenditures which appear on the Joint Venture Billing statement. It is also demonstrated that without them, the operating oil company is unable to make cash calls for anticipated future capital and operational expenditures from non-operating partners and ensure its success. Oil field and gas field E & P costly activities often suffer immensely whenever any of the partners is unable to meet his obligation to raise capital to finance its share of the joint venture cash calls, which enable the project to exist and operate.

Petroleum Economics Aimed at the more senior manager or technical operative, this aspect of the course, on Petroleum Economics, combines the review, appraisal and evaluation of a wide variety of techniques that are brought together under the heading of petroleum economics. It is assumed that all delegates will have a grasp of the main areas to be discussed and applied during the programme in keeping with the nature and level of the materials to be presented. Excel spreadsheet templates and financial modelling best practice will be used rigorously at appropriate stages in the course. Delegates will be required to apply best practice at all times and to work with the trainer and their fellow delegates on solving problems from the materials provided and their problems at work. As far as contract management is concerned, we will take an intensive look at these critical areas and we will do so in an interactive and highly practical way: Contract Management Overview Contract Pricing and Analysis Cost Accounting Standards Performance Based Contracts Subcontracts Termination and Legal Issues

Aimed at the more senior manager or technical operative, this advanced course on Petroleum Economics combines the review, appraisal and evaluation of a wide variety of techniques that are brought together under the heading of petroleum economics. It is assumed that all delegates will have a good grasp of the main areas to be discussed and applied during the programme in keeping with the nature and level of the materials to be presented. This course is highly interactive and paticipative and Excel spreadsheet templates and financial modelling best practice will be used rigorously throughout. Delegates will be required to apply best practice at all times and to work with the trainer and their fellow delegates on solving problems from the materials provided and their problems at work. The mini case concept is a unique feature of our training: a mini case is a real live problem that delegates bring to the training room looking for assistance in providing a solution to their problem. Without any guarantees, we are confident that all usch problems will be solved during the five days of this course. This course draws on the use of Excel, spreadsheeting including the exploration of such techniques as Monte Carlo Simulations, Decision Tree Analysis and  Multi Variable Sensitivity Analysis.

As a director or senior manager, have you ever thought that one day you are going to retire or move on to new opportunities? And have you ever considered what you will do if a key employee left the organisation? Are you and your organisation prepared for all this and do you have a plan for such predictable eventualities? No? Then this short course is for you. This two-day short course is aimed at giving delegates a deep and real understanding about what succession planning (SP) is, why it has become such a critical element in the business strategy of the majority of the world’s most successful global businesses and how to design and implement their own SP strategy immediately back at work. On this course you will meet other, top professionals who are facing similar problems and more importantly you will develop a deep understanding about succession planning and recognise the competitive advantages it can provide for your organisation. It is a highly intensive and interactive course that provides a clear, logical framework along with a range of practical insights essential for effective implementation. It will enable and empower delegates to not only understand the process but more importantly to be able to lead its implementation within their business.