International Petroleum Management Course

Sources, Origin and Nature of Petroleum

• Introduction

• Industry Overview

• Chemistry of Fossil Fuels

• Origins of Hydrocarbon Deposits

• Basic Petroleum Geology

• Exploration Methods & Activities

Well Evaluations & Drilling Operations & Reservoir Management

• Types of Wells

• Well Evaluations

• Drilling Operations

• Well Completions

• Oil & Gas Reserve Estimates

• Volumetric Calculations – Original Oil & Gas In-Place

• Reservoir Depletion Mechanisms

• Declining Curve Analyses

• Case Study: Oil Reserves Estimation

Conventional & Unconventional Production

• Unconventional Oil & Gas

• Shale Oil & Gas, Tight Gas, and Heavy Oil Recovery

• Oil Recovery Methods

• Primary, Secondary and Tertiary

• Enhanced Oil Recovery Techniques

• Reservoir Management – maximize ultimate recovery of oil

New Oil & Gas Field Development and Economic Evaluation

• Typical Decision Yardsticks

• Petroleum Economics Analysis

• Net Present Value

• Internal Rate of Return

• Profitability Index

• Unit Tech Cost

• Economic Limit

• Case Study: Oil and Gas Field Development Economic Evaluation

Oil & Gas Contracts & Joint Ventures

• Need for Collaboration between Parties – NOC’s and IOC’s

• Alignment of Interests

• Oil & Gas Contracts

• Types of Contracts

• Concession Agreements

• Production Sharing Agreement / Contract (PSA / PSC)

• Technical Service Contract / Agreement (TSA)

• Joint Venture and Service Agreements

Petroleum Fiscal Regimes

• Comparison of Fiscal Regimes

• Auction Theory and Methods

• Similarities among Fiscal Systems

• Accounting Aspects of Fiscal Systems

• Division of Revenues and Profits

• Concession

• Concession Rentals

• Unitisation Agreements

• Royalties

• Profit Tax

• Corporate Tax

• Ring Fencing

• State Participation

• Signature Bonus

• Production Bonus

• Bidding for Leases

The Chemistry of Petroleum and the Refining Processes

• Crude and Product Quality

• Crude oil Refining Operations

• Crude Oil Fractions

• Crude Oil Refinery Products & Processes

• Refinery Configurations - separation, conversion and treatment

• Refining Complexity

• Pipelines

• Storage

• Treatment & Blending

Refining Economics – Environmental Aspects

• Refinery Economics

• Benefits of Integrating with Petrochemicals

• Global Oil Reserves, Production & Trade Movements

• Crude Oil and Refining Gross Product Worth (GPW)

• Freight

• Netback and Refining Margin

• Vessel Chartering

• Environmental Aspects

• Case Study: Netback Pricing Calculation

Oil & Gas Exports and Imports Business

• Organization of Petroleum Exporting Companies (OPEC)

• Other International and Multi-national Organizations

• International Energy Agency (IEA)

• Oil Markets – Crude Pricing Regimes

• Transportation Logistics – Pipelines, Terminals and Storage

• Crude Oil Tankers

• World’s Major Pipelines

• World’s Major Terminals, Refineries

• Transportation Logistics – Losses

• Bottle necks and Chokepoints

Pricing, Trading, Markets, Risk Management

• Crude oil Benchmarks

• Crude Price Assessment

• Oil Trading

• Total Barrel Economics

• Oil Markets – Futures

• Exposure – Price

• Hedging – Risk Management

• Pricing Management Considerations

• Derivatives