Course Details

Objective

By the end of the course, participants will be able to understand

• Understand the key operational components of an oil and gas production business.
• Manage and optimize oil and gas production processes.
• Develop strategies for maximizing operational efficiency and minimizing costs.
• Navigate the regulatory, environmental, and financial challenges faced by oil and gas producers.
• Utilize financial management tools to drive profitability and sustainable growth.
• Implement risk management strategies to ensure business continuity in a fluctuating market.

Content

Day 1: Introduction to Oil and Gas Production Business

• Overview of the oil and gas industry: Exploration, drilling, production, and distribution
• Key stages of the production lifecycle (upstream, midstream, and downstream)
• Organizational structure of an oil and gas production business
• Major players and stakeholders in the oil and gas value chain
• Overview of global oil and gas markets and their impact on business strategy

Day 2: Operational Management in Oil and Gas Production

• Overview of oil and gas production operations: Drilling, extraction, and transportation
• Managing production facilities and equipment
• Optimizing production efficiency and minimizing downtime
• Monitoring and improving production performance through KPIs
• Managing maintenance and operational risks

Day 3: Financial Management and Profitability

• Cost management in oil and gas production: Capital expenditure vs. operational expenditure
• Financial analysis and budgeting for oil and gas projects
• Managing cash flow in a capital-intensive business
• Profitability analysis and optimizing revenue streams
• Cost control and financial reporting in the production process

Day 4: Regulatory Compliance, Safety, and Environmental Management

• Regulatory frameworks in the oil and gas industry (local, national, and international)
• Health, safety, and environmental (HSE) management systems in oil and gas production
• Managing environmental risks and sustainable practices
• Compliance with industry standards and regulations (e.g., EPA, ISO)
• Crisis management and emergency preparedness in production operations

Day 5: Strategic Management and Business Continuity

• Strategic planning for long-term growth and sustainability in oil and gas production
• Managing market volatility and commodity price fluctuations
• Risk management strategies in a dynamic industry
• Diversification and investment strategies for oil and gas producers
• Innovation and digital transformation in the oil and gas production business
• The future of the oil and gas industry: Renewable energy integration and technological advancements

NOTE:

Pre-& Post Tests will be conducted.

Case Studies, Group Exercises, Group Discussions, Last Day reviews, and assessments will be carried out.

Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. You will also be encouraged to raise your own questions and to share in the development of the right answers using your own analysis and experiences.  Tests of multiple-choice type will be made available on daily basis to examine the effectiveness of delivering the course.

Very useful Course Materials will be given.

• 30% Lectures
• 30% Workshops and work presentation
• 20% Group Work& Practical Exercises
• 20% Videos& General Discussions