INTRODUCTION:
Why is managing the global oil and gas industry so crucial? One of the most valuable resources in the world is oil and gas, and the industry is crucial to the economy of any country. In addition to being one of the most practical sources of fuel in the world, petroleum is used in many items as is. Due to the nature of the sector, management processes and systems become incredibly vital and significant, yet complex, capital-intensive, and demanding cutting-edge technology.
The sector also faces a number of difficulties, such as alternate energy sources and climate change. As a result, managers in the industry handling a variety of duties must have a thorough awareness of the sector, including its economics, decision-making processes, etc.
Course Objectives
The main objective of this training program is to empower professionals with—
- a comprehensive understanding of managing international oil and gas businesses
- the experience and exposure to multitask and ensure end-to-end management of all functions
- the knowledge and confidence to share best practices and train other professionals on managing oil and gas businesses successfully
- the foresight and analytical skills to predict possible challenges and hindrances and address these to prevent grave impact to the business
- the overall skillset and capabilities to handle responsibilities in oil and gas across any organization, thus widening the scope for progression and growth beyond the current organization
- the awareness and knowledge to effectively manage costs and expenses to ensure sustenance of the business despite competition
- the know-how and abilities to ensure employee health, safety and welfare, given the risks involved in the business
- the skill and experience to effectively forecasts demand and make arrangements to maintain the supply at desirable levels, thus fostering organizational growth and development as well as customer satisfaction
- a sense of pride contributing to organizational credibility, leading to investment decisions
Organizational Benefits
By professionals enrolling for this training course, their organizations will derive the following benefits:
- More effective and seamless management of various functions in the oil and gas domain
- Regular review of existing systems and processes and resultant enhancements to make corrections and increase the overall efficiency
- Regular training of other employees on best practices for successful management of international oil and gas businesses
- Well-predicted and well-managed risks that have an impact on the prospects and success of an organisation
- Increased credibility because of better risk prediction and management, and thus, increased investments
- Organizational growth and development as a result of combined success in the form of better risk management, increased credibility and increased investments
- Seamless processes and systems and leaner operations because of experienced professionals overseeing all aspects to increase efficiency and reduce manual intervention
- Competitive advantage because of better turn-around-time and increased employee health and safety, in adherence with international standards
- Effective contracts at an international level because of appropriate negotiation, decision making and operational efficiency
Personal Benefits
Professionals enrolling for this course will benefit in the following ways:
- In-depth understanding, experience and exposure to international oil and gas business management practices
- Increased knowledge and confidence to review existing processes and systems and bring about changes for leaner operations and automation to reduce manual intervention as much as possible
- Adequate experience and information to train other professionals on best practices related to international oil and gas business management
- Enhanced skillset and capabilities to secure all processes and systems against possible risks through effective risk prediction and management as well as seamless planning
- A sense of pride contributing to increased organizational credibility and investments leading to organisational growth and development as well as extreme client satisfaction
- Enhanced negotiation skills and confidence to successfully secure and close contracts at an international level, thereby demonstrating one’s potential and skill
- Greater capabilities and enhanced skillset to explore opportunities and successfully undertake these at an international level, thus increasing avenues for career growth and progression
- Superior analytical and strategic skills for effective demand and supply forecasting and planning
Who Should Attend?
- Contract managers responsible for preparing and closing contracts through various stages
- Senior members of an organization who need to understand all aspects of international oil and gas business management
- All other functional managers handling various functions in oil and gas organizations
- External and internal auditors responsible for ensuring adherence to international standards and benchmarks
- Quality checkers who need to ensure that quality standards are maintained throughout the sale and purchase process
- Potential investors who need to thoroughly understand the oil and gas business before making investment decisions
- Any other professional who would like to know more about international oil and gas business management
Course Outline
The course covers the following topics for understanding international oil and gas business management:
Module 1 – Petroleum Dynamics
- Hedging – Risk Management
- Pricing Management
- Derivatives
- Legal and regulatory implications
Module 2 – Overview of Operational Excellence in the Oil and Gas Industry
- Operational Excellence Framework
- DMAIC (Define, Measure, Analyse, Improve & Control) improvement method
- Voice of the customer
- Strategy deployment
- Project pipeline development and prioritisation
Module 3 – Developing Operational Excellence
- Lean principles
- 7 wastes
- Mistake proofing
- Problem solving
- Total productive maintenance
- Set-up reduction/SMED
- 5S
- Line of sight
Module 4 – Few Corporate Planning Metrics
- Net present value (NPV)
- Discounted cash flow (DCF) return/Internal rate of return (IRR)
- Return on investment (ROI)
Module 5 – Types of Financial Models
- Three statement model
- Discounted cash flow model
- Merger model
- Initial public offering model
- Leveraged buyout model
- Sum of the parts model
- Consolidation model
- Budget model
- Forecasting model
- Option pricing model
Module 6 – Different Valuation Approaches
- Cost approach
- Market approach
- Discounted cash flow approach
Module 7 – Fundamentals of Oil and Gas Contracts
- Infrastructure development
- Boundary disputes
- Host country legislation
- Drafts and drafting
- Fundamental legal principles
Module 8 – Types of Upstream Agreements
- Modern concession agreements
- Production sharing agreements
- Risk services agreements
Module 9 – Approaches to Risk Analysis
- Scenario planning
- Quantitative modelling
- Portfolio management
Module 10 – Health, Safety, and Environment
- Health considerations
- Safety culture
- Safety management systems
- Environmental considerations
- Current environmental concerns
Method of Instruction:
 Online
Course Duration:
5Â Â days
 Type of Certificate Issued:
 Certificate in Petroleum Business Management
You can choose any of the three below:
- Digital Certificate(Downloadable PDF)
- Physical Certificate with security marking shipped to your location with a price
- Framed Certificate with security markings shipped to your location with a price.
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