Introduction

This International Petroleum Business training course will highlight the added value in enhancing international petroleum business and in managing decision making.

The business of oil and gas is multifaceted, technically complex, highly capital intensive and often confronted with potential capital risks and price risk uncertainties. Today’s oil companies’ are dealing with ever increasing levels of complexity and competition.  The innovative technologies in the recovery of oil are also changing the landscape of petroleum industry. Integration of refining and petrochemicals to achieve greater efficiencies is yet another critical factor in the business. Managing international supplies, refining and trading of oil require several cross-functional skills. To achieve maximum effectiveness, managers and professionals must continually expand their business knowledge and sharpen their skills. Their strategies must include how to achieve the supply chain value maximization, and how to create and manage portfolios that can withstand the price volatility while maximizing profits.  

This Aldrich Center of Excellence training course will feature:

• The basics of oil and gas exploration, production, and its recovery economics to fully understand this global business that fuels the global economy
• The essential concepts and business practices of the international oil supply, transportation, refining, and trade in oil and gas industry
• Fundamentals of oil economics and of crude oil transportation
• Basic Refinery operations, economics and the environmental aspects
• Basic Principles in crude oil pricing and overview of crude oil and refined products markets.
• Essential elements in crude oil and refined products sales contracts
• Supply logistics – major international pipelines, shipping routes, and choke points
• It seamlessly covers the wide-array of critical business functions, processes, and appropriately deals with the business practices and tactics to build the necessary business acumen in the completive and low price environment

Objectives

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

• Gain broad perspective of   global oil business, supply, and transportation, refining & trading
• Boost your understanding of the fundaments of oil business: quality, blending & valuation of oil for trade, freight and netback calculation & refinery margins calculations, vessel chartering, pipelines & terminals, etc.
• Master the Total barrel economics, Oil market futures, hedging and futures, and price management considerations
• Evaluate the technical, commercial, legal, safety and environmental aspects of oil business
• Confidently discuss the technical terms, concepts and buzzwords with your peers and clients

Training Methodology

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The daily workshops will be highly interactive and participative. Participants will learn by active participation throughout the course through the use of training course materials, case study exercises, quizzes, training videos and discussion of business cases issues in their organizations. 

Who Should Attend?

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

• Business Development managers
• Corporate Planning professionals
• Geoscience & Engineering professionals
• Refinery professionals
• Supply Planners & Scheduling professionals
• Government regulators
• Law professionals
• Tax & Finance advisors
• Auditing personnel  
• Compliance officers
• Equity analyst and Bankers
• Joint Venture officers
• Negotiators and Contracting professionals
• Trading professionals