INTRODUCTION

The business of oil and gas is multifaceted, technically complex, highly capital intensive and often confronted with potential risks and 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. 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