Fundamentals Of Oil And Gas E & P

The oil and gas industry influences virtually every aspect of the global economy. The Industry has made massive investments and hires professionals with diverse backgrounds and qualifications. It is common observation that key talents hired from outside of the industry as well as the support function professional within the oil and gas industry are limited in sufficient understanding of the oil and gas business. Similarly, companies providing services to the oil and gas industry face exactly the same issues.  

The Fundamentals of oil and gas E&P is a comprehensive course designed for those seeking business advantages. It mainly covers the upstream (exploration and production), and touches upon the mid-stream and downstream sectors of the industry as well. It is aimed at both technical and non-technical practitioners who would like to gain a complete understanding of the dynamics of the oil and gas industry. 

Course Objectives: 
  • Achieve a comprehensive overview of the Oil and Gas industry
  • Develop understanding of renewable and non-renewable energy sources
  • Understand the petroleum life cycle
  • Develop understanding of Energy and oil and gas value chains 
  • Confidently master technical terms to boost credibility with colleagues & clients 
  • Understand the energy demand through energy consumption forecast 
  • Understand the fundamentals of oil, gas, petroleum product and other energy sources 
  • Recognise salient features of  exploration, drilling, production, transportation, trading and Renewables development
  • Develop understanding of different benchmarking indices
  • Understand the dynamics of oil pricing 
  • Develop awareness of oil markets
  • Appreciate the significance of oil and gas EPC Projects    
  • Appreciate the risks in oil and gas sector 
  • Learn the strategies to transform the oil and gas supply chain
Target Audience: 
Course Methodology: 

Presentations, role-plays, group discussion, lectures

Course Outlines: 

Day 1- Overview of Oil and Gas Industry

Key Learning Areas

  • Appreciate the significance of Oil and Gas for World Economy 
  • Develop understanding of oil and gas life cycle
  • Recognize the elements of oil and gas upstream, midstream and downstream

Topics to be covered: 

  • Introduction to the course objectives and contents
  • Renewable and non-renewable energy sources
  • World Energy Demand and Supply
  • Evolution of Energy Sources
  • Overview of oil and gas industry
  • Oil and gas life cycle
  • Hydrocarbon classification
  • Crude Oil Types
  • Alternative motor fuels
  • Upstream, midstream and downstream

Day 2- Oil and Gas Upstream

  • Key Learning Areas
  • Recognize the elements of oil and gas upstream     
  • Develop understanding of basic petroleum geology
  • Understand the fundamentals of exploration and drilling operations 

Topics to be covered: 

  • Basic Petroleum Geology 
  • Petro physical characteristics of the rocks
  • Structural geology and deformations 
  • Geochemistry in Petroleum E&P
  • Geophysical techniques
  • Exploration and Seismic operations 
  • 2D and 3D Seismic data acquisition
  • Drilling and Production Operations
  • Oil and Gas Reserves   

Day 3- Oil and Gas Logistics and World Oil Markets

Key Learning Areas

  • Recognize the elements of oil and gas midstream
  • Develop understanding of determinants of oil pricing
  • Learn to mitigate oil pricing risks

Topics to be covered: 

  • Oil and gas midstream 
  • Storage Tanks and Tank Farms 
  • Oil and Gas and LNG Transportation
  • Pipe line transportation
  • World Oil Markets
  • The different crudes and their characteristics
  • The most important crudes and the reference crudes
  • Hedging, Contracts, Future, Swaps

Day 4- Oil and Gas Projects Economics 

Key Learning Areas

  • Appreciate the significance of timely execution of EPC Projects     
  • Develop understanding of sensitivity analysis for oil and gas projects 
  • Recognize elements of Project Management Process  

Topics to be covered:

  • Oil and Gas EPC Projects
  • Project Management Process
  • PMO- Project Management Office
  • RACI- Responsibility Matrix
  • Economic considerations of oil and gas projects 
  • Payback, cost of capital, NPV

Day 5- Risk Management and Safety Leadership

Key Learning Areas

  • Identify the risks in oil and gas  
  • Develop understanding of ERM (Enterprise Risk Management) 
  • Learn to take leadership in safety 

Topics to be covered:

  • Challenges for the oil and gas industry
  • Mitigating Expropriation Risk
  • Prioritising Risks
  • Risk Impact/ Probability Matrix
  • Principles of Safety Leadership Behavior
  • Effective Leadership for developing a Safety Culture
  • Barriers to Cultural Change
  • Assessing and Improving Safety Culture 

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Contact Us

Email: [email protected]

Jimmy Ong Tel: ‭+60 16 216 1383‬ (Call on Whatsapp for free)