Global Learning for Operational Leaders
Classroom
0 sessionsOnline / Live
0 sessionsIntroduction
Course overview
Why Attend
The oil and gas industry operates in a dynamic environment shaped by market volatility, technological advancements, regulatory changes, and evolving energy demands. This course provides participants with a comprehensive understanding of the industry's value chain, commercial drivers, project economics, risk management, and strategic decision-making, enabling them to contribute more effectively to upstream, midstream, and downstream operations.
Course Methodology
The course combines instructor-led presentations, industry case studies, practical exercises, group discussions, project evaluation workshops, financial analysis activities, and real-world examples from the global oil and gas sector.
Course Objectives
By the end of this course, participants will be able to:
- Understand the structure and commercial drivers of the oil and gas industry
- Explain upstream, midstream, and downstream operations and business models
- Evaluate oil and gas projects using financial and economic analysis techniques
- Understand contracting strategies and project development processes
- Apply project risk management principles within oil and gas projects
- Analyze project performance using industry-standard financial indicators
- Assess current industry trends and geopolitical influences on energy markets
Target Audience
- Petroleum engineers
- Production and operations engineers
- Project engineers and project managers
- Finance and commercial professionals in oil and gas
- Procurement and contracts professionals
- Business development professionals
- Professionals new to the oil and gas industry
Target Competencies
- Oil and gas industry knowledge
- Project economics
- Commercial awareness
- Risk management
- Project planning and control
- Financial analysis
- Strategic thinking
- Decision-making
What you will achieve
Learning objectives
- Understand the structure and commercial drivers of the oil and gas industry
- Explain upstream, midstream, and downstream operations and business models
- Evaluate oil and gas projects using financial and economic analysis techniques
- Understand contracting strategies and project development processes
- Apply project risk management principles within oil and gas projects
- Analyze project performance using industry-standard financial indicators
- Assess current industry trends and geopolitical influences on energy markets
Who should attend
Target audience
- Petroleum engineers
- Production and operations engineers
- Project engineers and project managers
- Finance and commercial professionals in oil and gas
- Procurement and contracts professionals
- Business development professionals
- Professionals new to the oil and gas industry
- Target Competencies
Methodology
Learning approach
- The course combines instructor-led presentations, industry case studies, practical exercises, group discussions, project evaluation workshops, financial analysis activities, and real-world examples from the global oil and gas sector.
Course content
Five focused days of learning and application
Day 1
The Oil and Gas Industry and Commercial Environment
- Understanding the structure and value chain of the global oil and gas industry
- Exploring upstream, midstream, and downstream operations and their interrelationships
- Reviewing exploration, field evaluation, production processes, and reserve estimation concepts
- Understanding industry business models, production economics, and operating cost structures
- Examining the commercial drivers that influence investment and operational decisions
- Identifying strategic opportunities and challenges affecting the global energy sector
Day 2
Project Development and Commercial Arrangements
- Understanding contractual and fiscal arrangements used within the oil and gas industry
- Reviewing the roles of international and national oil companies in project development
- Exploring commercial models, investment structures, and risk-sharing mechanisms
- Understanding front-end project planning and development processes
- Identifying common project delivery challenges and mitigation approaches
- Developing effective project governance and project control frameworks
Day 3
Project Economics and Financial Evaluation
- Evaluating investment opportunities using project economic principles
- Understanding cash flow analysis and the time value of money
- Applying financial performance indicators to support investment decisions
- Developing discounted cash flow models for project evaluation
- Understanding cost estimation methodologies and key cost drivers
- Applying earned value management techniques to monitor project performance and progress
Day 4
Risk Management in Oil and Gas Projects
- Understanding the principles and objectives of project risk management
- Applying risk management processes throughout project lifecycles
- Identifying project objectives, uncertainties, and potential threats
- Assessing technical, commercial, operational, and environmental risks
- Developing and maintaining project risk registers and response strategies
- Identifying and engaging key stakeholders to support successful project delivery
Day 5
Industry Trends, Strategic Challenges, and Capstone Case Study
- Examining the impact of unconventional energy developments on global markets
- Analyzing the influence of technological innovation on the oil and gas industry
- Understanding geopolitical factors affecting energy supply, demand, and pricing
- Evaluating strategic challenges facing energy companies in changing market conditions
- Participating in an integrated case study applying project economics, commercial analysis, and risk management principles
- Course review, lessons learned, and action planning for professional development
FAQ
Frequently asked questions
What does Essential Skills for Oil and Gas Professionals (OG-017) cover?
This course covers Oil and Gas through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on Schedule on request, with additional classroom dates and mirrored Online / Live options listed in the course schedules section.
Who should attend this course?
Petroleum engineers, Production and operations engineers, Project engineers and project managers
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Yes. The course detail page includes both classroom sessions and Online / Live sessions, with online options aligned to the same course dates for easier planning.
Where are classroom sessions delivered?
Classroom venues are confirmed in the schedule panel for each published session.
Still Have Questions?
Contact the academy team for course details, delivery options, and delegate guidance.
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