The Oil & Gas sector is considered to be one of the important areas of the global economy liable for about 2.5% of world GDP. Oil & Gas is a vital source of energy for the world and will be expected remain so for many decades, even under assumptions about the growth in alternative energy sources. It is highly desirable that non-technical personnel that works in the petroleum industry or in related activities acquire a practical basic understanding of the petroleum industry in an interesting and effective manner.
The course provides a non-technical review of upstream (exploration and production), midstream (gas processing and transportation) and downstream (refining and marketing) operations. Further, the course comprehensively covers the oil and gas supply chains from exploration through field development, valuation, and risk, production, transportation, processing and refining, marketing, contracts, trading, retailing, logistics, emerging markets and competition with alternative energies. As such, it provides understanding and insight into the processes, drivers, threats, and opportunities associated with the core industry activities.
Participants will gain an appreciation of the principal activities in the international upstream and downstream petroleum industry and an understanding of how this inter-relate, as well, an awareness of the impact of external influences and the ways in which the industry is adapting to increase its competitiveness and to meet new challenges.
Important Features
The important features of this training course are:
- Up-to-date global statistics of oil & gas, reserves, production, consumption, and exports
- Familiarization of the oil and gas supply chain: upstream, midstream and downstream operations and related facilities
- Develop an appreciation and understanding of the origins of oil and gas and identify the basics of geology in relation to oil and gas reservoirs
- Understand the exploration activities from project inception through to implementation and production i.e. the field life cycle
- Appreciate the evolving nature of the Oil and Gas industry and its many facets and identify and manage key stakeholder’s expectations
- Understand the fundamentals of drilling, well completions and production operations and examine the basics of primary and enhanced recovery operations
- Recognize and learn the terminology as applied to the Oil and Gas industry and appreciate the difference between exploration, appraisal and development wells
OG90