TRAINING COURSES

International Oil Supply, Transportation, Refining & Trade

Start Date: 24 Sep 2017
End Date: 28 Sep 2017
Duration: 5
Fees:
Country: Istanboul / Turkey
Category: Petroleum and Oil Programs
Details:

INTRODUCTION

The business of oil and gas is multifaceted, technically complex, highly capital intensive and often confronted with potential risks and uncertainties. Todays 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. Managing international supplies, refining and trading of oil require several cross-functional skills. To maximize effectiveness, managers and professionals must continually expand their business knowledge, improve their skills, and learn the latest trends in the market. In this programme you will study the following business practices and skills to enhance the business insight:

         Fundamentals of international oil supply, economics and transportation

         The supply relationship with upstream

         The value of crude oil based on product market prices

         Primary logistics tanker freight costs and chartering

         The structure of a refinery, its basic operations, and its economics

         Refining interface with petrochemicals, retail and distribution

         Key points on product quality and specifications

         The fundamental economic drivers of international oil supply, transportation, refining, and trade.

         Supply logistics major international pipelines, shipping routes, and choke points

WHO SHOULD ATTEND? 

         New entrants to the oil industry, and integrated sections such as supply, trading and logistics

         Managers and analysts changing disciplines into downstream

         Professional personnel such as legal, banking, insurance, finance both inside and outside oil companies dealing with oil supply, refining, trading and transportation.

         Corporate planning professionals

         Upstream professionals such as geologists, geophysicists, petroleum and production engineers to have better understanding of downstream business where revenue is generated.

         Refinery professionals, supply planners & scheduling professionals

         Government regulators

         Auditing personnel

         Compliance officers

         Joint Venture officers

         Negotiators and contracting professionals

         Energy industry journalists and reporters

PROGRAMME OBJECTIVES 

         Gain broad perspective of   global oil business, supply, transportation, refining & trading

         Boost your fundamental analysis 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

         Understand oil market futures, hedging and futures, and the price management considerations

         Learn the technical, commercial, legal, and basic environmental aspects of oil business

         Confidently discuss the technical terms, concepts and buzzwords with your peers and clients

TRAINING METHODOLOGY 

Participants will learn by active participation throughout the programme through the use of programme materials, case studies, exercises, quizzes, training videos and discussion of business cases issues related to oil supply, transportation, refining and trade in their organizations. 

PROGRAMME SUMMARY 

This 5-Day accelerated programme provides a wider management perspective of global oil business and highlights the success factors in each of its essential components. It follows the natural order of business, starting with its supply and transportation that fuels the global economy, followed by the critical refining, distribution and trading operations.

It also provides hand-on business cases to evaluate crude oil value, netback and refinery margin calculations, price management, transportation costs, sales contracts, total barrel economics, product quality, economic value of pipeline, etc.  It simplifies through visual aids and simulation the complexity of several complex operations, such as, drilling, completion, refining, and transportation and is designed to suite the wide background of delegates.

It will also effectively deals with the core issues, practices and essential concepts of successfully running the international oil supply, transportation, refining and trading business.

PROGRAMME OUTLINE

DAY 1 -

GLOBAL OIL SUPPLY

         Introduction to Programme

         Introduction to Upstream Oil Industry

         Fundamentals of Oil & Gas Geology and Petroleum Engineering

         Essence of International Oil Supply Global Reserves, Production & Trade

         Fundamentals of Oil Economics

DAY 2 -

OIL MARKET EVOLUTION, TRANSPORTATION AND PRICING

         Fundamentals of Crude Oil Transportation Tankers and Chartering

         Basic Principles in Pricing and Overview of Markets

         Refined Products Quality

         Crude Oil Markets

         Refined Products Market

DAY 3 -

CRUDE SALES, REFINING AND DISTRIBUTION

         Essential Elements in Crude Oil Sales Contracts

         Basic Refining II Conventional Refinery Upgrading

         Basic Refining III Sulfur Reduction

         Contracts  Elements of Risk

         Basic Refinery IV Economics & Environmental Aspects

         Primary Logistics Pipelines and Storages

DAY 4 -

PROFITABILITY: OIL TRADING AND RETAILING

         Introductory Concepts in Oil Trading

         Interface with retailers

         Downstream Supply Chain management

         Total Barrel Economics

         Oil Markets Futures

         Price Exposure

DAY 5 -

RISK & PRICE MANAGEMENT

         Hedging Risk Management

         Pricing Management

         Derivatives

         Supplementary Data

o    Crude Oil Exploration and Production fundamentals

o    Glossary & Abbreviations in Oil & Gas Downstream

o    Oil & Gas Regulatory Agencies

o    Health, Safety, and Environmental Agencies

 
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