Course Schedules

Classroom 7 Sessions
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Training Course Overview

Oil, gas, and coal are currently the most commonly used energy sources and together constitute the largest traded energy commodities globally. These raw materials are almost always processed into final products rather than being used in their natural state. Oil and gas are integral to modern life, with applications ranging from energy production to shelter, clothing, food, and medicine. Our society is heavily reliant on these energy sources, and their reduction would lead to significant disruption. The production and distribution of oil and gas are concentrated in certain regions, and their prices tend to fluctuate unpredictably.

Since the early 1970s, oil prices have been volatile, with supply and demand fluctuations linked to supply disruptions, often due to regional conflicts or actions by oil-producing governments. Other factors contributing to oil price variations include regional and geopolitical influences. OPEC and more recently OPEC+ have sought to stabilize oil prices by adjusting production levels. The United States has also played a role in stabilizing prices, particularly after lifting its oil export ban in 2015, a measure introduced in the early 1970s. With increased shale oil production and the release of strategic petroleum reserves, the U.S. has both stabilized and exerted more influence on global prices.

Similarly, natural gas prices have experienced fluctuations tied to crude oil prices, as gas prices are often linked to oil benchmarks.

The Houston 10-Day Mini MBA in the Oil & Gas Industry™ training course seeks to explain the factors behind energy price fluctuations. The training course aims to help reduce inherent industry risks and minimize the likelihood of financial distress for producers and other stakeholders.

This training course will feature:

  • Understand all the value-added steps from the wellhead through to oil & gas processing, refining, storage transportation and retailing
  • Gain an understanding of the ways the oil and gas industries have organized to operate effectively and efficiently
  • Understand the geopolitics of Oil & Gas and the major challenges facing the energy industry
  • Learn about the important issues facing our industry and strategies used to address these issues
  • Develop the necessary skills to evaluate and make effective decisions related to the oil & gas industry
  • Build knowledge as to the nature and challenges facing the oil and gas industry
  • Examine the industry structure with specific emphasis on the whole value chain
  • Understand the fundamental economic links concerning the upstream and downstream businesses
  • Develop the skills necessary to evaluate risks and opportunities and make effective decisions related to oil and gas
  • Negotiate through the complex environmental challenges and build a robust strategy for the Transition to a Low-Carbon Economy

Training Course Objectives

By the end of this training course, participants will be able to:

  • Analyze and examine the nature and challenges facing the oil and gas industry
  • Understand the key players and commercial drivers
  • Examine the complete value chain of the oil & gas industry structure
  • Grasp relevant economic, technological, environmental, legal and social trends
  • Understand framing agreements including joint ventures and product sharing contracts
  • Examine the importance of effective project planning and execution including risk management
  • Understand the economics and drivers of the oil & gas industries
  • Build cash flow analyses for various upstream oil & gas projects as well as downstream LNG production facilities and Refineries
  • Conduct project appraisal and risk assessments for this unique energy industry
  • Comprehend the environmental issues and challenges of the fossil fuel industry
  • Strategize the future direction by utilizing the natural gas as the main transition fuel
  • Grasp how ESG Environmental, Social, and Governance, is attempting to shape the future of the fossil fuel industry and how it fits withing globalization

Designed for

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Planners and Investment analysts
  • Strategists and Economists
  • New entrants to the Oil & Gas industry
  • Oil and Gas professionals:
    • Engineers
    • Senior and middle managers
    • Accountants and finance professionals responsible for financial accounting, treasury, internal audit, budget preparation and management reporting
    • HR, contracting and procurement and IT professionals
    • Line managers with strategic planning and operational budgeting responsibility

Learning Methods

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes expert input, videos, case studies and class exercises.

Course Content

Day 1

Origin and Nature of Petroleum

  • The oil and gas Industry
  • Fundamentals of organic chemistry
  • Definition of Petroleum
  • Origins of Hydrocarbon Deposits
  • Basic petroleum geology
  • Types of Well
  • Exploration Methods/ activities
Day 2

Hydrocarbon Production Operations

  • Oil and gas field development
  • Oil & Gas Production
  • Surface treatment and storage
  • Enhanced oil recovery
  • Logistics of Oil & Gas – Transportation and Storage
  • World’s Trade Flows
  • Transportation Agreements
Day 3

Oil Companies, Corporate Relationships and Structures

  • National and multi-national oil and gas companies
  • Operating companies and service companies
  • Major International Oil Companies
  • Integrated and non-integrated companies
  • The Energy Information Administration (EIA) and the International Energy Agency (IEA)
  • Organization of Petroleum Exporting Companies (OPEC)
Day 4

Global Energy Markets & Pricing

  • History of oil prices and how the benchmarks evolved
  • The components of the oil price
  • Benchmarks / Formula Price
  • Price reporting agencies and their roles
  • Gas Pricing and evolution of Gas spot pricing
  • Commercial Structures and Fiscal agreements
  • Production sharing agreements
  • Concessions
  • Tax and Royalty
  • Farmout Agreement
Day 5

Oil & Gas Processing Operations

  • Oil refining operations
  • Refinery complexity and benchmarking
  • Refining processes
    • Distillation
    • Product improvement processes
    • Product conversion processes
  • Petrochemical Basics
  • Benefits of Integrating Refining & Petrochemicals
Day 6

Gas Processing Operations and Economics

  • Gas processing operations
    • Inlet separation
    • Sulfur removal and sulfur recovery
    • Mercury removal and nitrogen rejection
    • Dehydration and Dewpoint control
  • NGL recovery
  • Production of Liquified Natural gas - LNG
  • Basic economics and cost of gas production facilities including LNG production
Day 7

Evaluation of Oil and Gas Opportunities

  • Estimating the cost of oil and gas facilities
  • Using historical costs
  • Cost curves
  • Adjusting for different sizes
  • Adjusting for different time periods
  • Estimating the cost of building a refinery (Case study/ Exercise)
Day 8

Evaluation of Oil and Gas Opportunities

  • Building cashflow models to evaluate projects
  • Key Performance indicators
    • Net present value
    • Internal rate of return
    • Profitability indices
    • Unit Technical cost
    • Payback
  • Effect of Project Delay
Day 9

Petroleum Project Economics and Risk Analysis

  • Geopolitics of oil & gas
  • Risk and Uncertainty
  • Risk and opportunity analysis
  • Derivatives and Hedging
  • The role of probability in decisions
  • Decision Tree Analysis
  • Sensitivity Analysis
Day 10

Environment & Sustainability – Transition to a Low Carbon economy

  • Sustainable energy: myths and realities
  • Environmental issues and challenges facing the fossil fuel industry
  • Transition to a Low-Carbon Economy
  • ESG - Environmental, Social, and Governance and the WEF
  • The essence of International Oil Supply – Global Reserves, Production & Trade
  • The Future of the industry
  • Course Summary and close

The Certificate

Recognition
  • Anderson Certificate of Completion for delegates who attend and complete the training course
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