PETROCONSULT ENERGY DIPLOMA PROGRAM (6 WEEKS)

PETROCONSULT ENERGY DIPLOMA PROGRAM (6 WEEKS)

BACKGROUND As a result of critical needs assessment of technical know-how and industry management specialization, requirements, we are proud to provide a set of specialized management diploma programs in three core areas.

1. Diploma in Oil & Gas Accounting & Finance

2. Diploma in Petroleum Economics

3. Diploma in Oil & Gas Business Management

4. Diploma in Oil & Gas Supply Chain Management

All of the programs represent the outcomes of research into areas of knowledge group in the non – engineering management of oil & gas exploration and production operations. The actual nature of theses core management areas has therefore necessitated the need to equip national oil companies (NOC), International Oil Companies (IOC) and the Services Companies’ existing and new staff who have been identified as potential future managers & executives.

Program Description Each of these programs consists of three modules:

Module 1: Detailed Oil & Gas Exploration & Production Operations

Module 2: Core topics peculiar to each discipline & diploma

Module 3: Case studies, Class exercises, Assignments / Projects, Industry seminars (available and relevant) & Open – day to the UK Energy Institute in the city of London.

The program will consist of 1 Mandatory Module in Oil & Gas Business Development and Management and 2 Modules decided by choice of subject area. MANDATORY MODULE Module 1 Oil & Gas E&P Business Development and Management 1. DIPLOMA IN OIL & GAS ACCOUNTING AND FINANCE Module 1 – [Mandatory] – 2 weeks

A. Oil & Gas E&P Business Development and Management Module 2 – 4 Weeks 1. Oil & Gas Accounting & Finance (2 weeks) (AF01)

o Part 1: Oil & Gas Accounting in (E&P) JV & PSC Operations o Part 2: Budgeting, Cost Control & Financial Management for

(E&P) Operations

2. International Oil and Gas Exploration &Production Taxation(AF03) And

Cost Recovery Mechanism in Oil & Gas PSC & Service Operations (CEM01)

Module 3 - Case Studies

- Group Exercises

- Etc

2. DIPLOMA IN PETROLEUM ECONOMICS

Module 1 – [Mandatory] – 2 weeks A. Oil & Gas E&P Business Development and Management

Module 2 – 4 weeks

A. Petroleum Exploration & Production Economics (CEM04)

And

B. World Oil & Gas Fiscal Systems & Analysis of E & P Contracts Types (CEM03)

http://petroconsultenergy.co.uk/wp-content/uploads/2012/12/CEM07.pdf

http://petroconsultenergy.co.uk/wp-content/uploads/2012/12/AF01.pdf


http://petroconsultenergy.co.uk/wp-content/uploads/2013/02/Cost-Recovery-Mechanism-In-Oil-Gas-EP-Psc-Service-Contracts.pdf

http://petroconsultenergy.co.uk/wp-content/uploads/2013/02/Petroleum-Exploration-Production-Economics.pdf



- Group Exercises

- Etc

3. DIPLOMA IN OIL & GAS BUSINESS DEVELOPMENT

Module 1 – [Mandatory] – 2 weeks A. Oil & Gas E&P Business Development and Management Module 2 – 4 weeks A. Oil & Gas Project Management

And

B. Global Crude Oil Marketing Mechanisms, Alternative Funding

Arrangement And Entitlement Crude For Cost Recovery In E&P Operations


- Group Exercises

- Etc

4. DIPLOMA IN OIL & GAS SUPPLY CHAIN MANAGEMENT Module 1 – [Mandatory] – 2 weeks A. Oil & Gas E&P Business Development and Management

Module 2 – 4 weeks A. Engineering & Materials Contract Management

B. Procurement & Supply Chain Management

C. Warehouse Management

D. Developing & Managing E – Commerce for Procurement

E. Additional & Local Content Policy

Critical ways to enhance sustainability

International examples of successful National / local Content


http://petroconsultenergy.co.uk/wp-content/uploads/2013/02/EP-Business-Development-and-Management-Modules-1-2.pdf

F. UK North Sea Supply Chain Fundamentals for Cost Reduction


- Group Exercises

- Etc BASIS OF PROGRAM Registration: Full and complete registration is required no less than 2 month before program Commencement Participant must be in full time employment Funding/Sponsorship: Employer funded. VISA MATTERS Visa: Consular letter will be provided upon complete completion for relevant visa application. Participants and sponsors are responsible for obtaining relevant visa required For UK Border Agency (UKBA) purposes, the provision of the following is essential:

- Timely Registration completion inclusive of payment - Proof of employment status of all participants, confirming return to

their job offers upon completion of the program. COURSE DELIVERY MODE

- 70% theoretical – seminar/classroom setting - 30% interactive to include the following:

o Case Studies o Class Exercises o Interactive Group work o Home Assignments o Relevant visits to course related locations o SPE Technical Seminars (relevant and available) o Open-day at the Energy Institute etc.

COMPLETION AND CERTIFICATION (BAC Accredited) PETROCONSULT is British Accreditation Council (BAC) acclaimed. All participants of clients are professionals and current working employees within the Oil & Gas Industry, with their respective company as sponsor for their attendance. All are proven oil and gas professionals and as such are expected to be mature learners, present for the furthering of their careers. A Diploma will be issued upon the successful completion of the selected diploma program. FACULTY PROFILE PETROCONSULT is British Accreditation Council (BAC) acclaimed and all our consultants are proven oil and gas professionals, and as such are highly experienced and acclaimed industry professionals, with reputable statuses within the industry and with operational standards bolstering our impeccable quality of service. ACCOMODATION AND LIVING IN THE UK DURING Participants will be responsible for own accommodation, transportation and feeding. Adequate accommodation is available within in and around the surrounding areas at affordable rates, ranging from £150-200 per week (per person) for studio apartments. Additional Services We will be happy to offer the following assistance:

Locating suitable accommodation for participants Locating suitable shared accommodation if required Making reservations for individuals at accommodation of choice

Please note: o This transaction can only be carried out on your behalf as long as

full payment has been made directly into PETROCONSULT upon registration completion.

o Receipts and proof of payment documents for this service will be returned to client for reference and accountability.

http://petroconsultenergy.co.uk/accommodation

PAYMENT POLICY Full payment upon registration is required after which supporting documents are issued for necessary visa application. All amounts paid are refunded in the event of cancellation due to visa matters. All other cancellations less than 14 working days prior to program commencement shall be subject to a 50 percent deduction. Please contact administration department for larger groups. See below for outline of Diploma Curriculum.

http://petroconsultenergy.co.uk/discount-policy

Diploma in Oil & Gas Accounting & Finance This is a six week program comprising three modules:

Module 1: – 2 Weeks

Module 2: – 3 Weeks

Module 3: – 1 Week

Module 1 - this module is common to all the three diploma programs.

1. Overview of petroleum hydrocarbon resource

Technical nature of oil & gas resource

The chemistry

Basic exploration, drilling & production

2. International Oil companies and petroleum production

IOC’s worldwide operations Strategic importance of petroleum reserves Overview of integrated worldwide petroleum operations IOC and developing exporting countries’ relationship and implications

for global petroleum production The emergence of National Oil Companies as E&P operators The how-to on new business development strategies for the NOCs

3. Key issues in worldwide petroleum exploration & production

Reserve estimates Geopolitics of oil & gas business Legal issues Technology Market / pricing Project cost & funding Materials & procurement

4. Petroleum Reserve Evaluation

Why Petroleum Reserves Evaluation? Reservoir Assets Economic Evaluation

5. Exploration & Production Fiscal Terms

Joint Venture (JV) & Production Sharing Contracts (PSC) Hybrid PSC Service Contracts International Comparison of Contract Types The Memoranda of Understanding:

a) What it is b) Comparison of oil and gas MOUs from different countries.

6. Petroleum Economics

Exploration & Production Economic Analysis & Decision Criteria Developing PSC & JV Cash Flows Taxation & Tax Revenue Generation Strategies

7. Risk Analysis

Valuation of Petroleum Reserves NPV of Reservoir Asset Taxation and Cash Flow Analysis Decision Tree Analysis

8. Energy Projects Finance & Financial Management

The financing options (alternative funding options – local & offshore) Regional comparison of CAPEX & OPEX for negotiation purposes Customization of funding options as veritable tool for boosting local

content objectives Economic Analysis of Project’s Country of Origin World Bank and IMF Ratings Exchange, Interest and Inflation Rates as Key Factors Financing Growth through Buying another Company (or Producing

Asset) Other Debt Financing Options & their Exigencies Successful Financial Management Skills (Beyond the figures)

9. Materials & Contract Management

Technical & Commercial Issues in Contract Policy Formulation Bidding & Bid Evaluation Selection Criteria & Processes

Legal Processes in Contract Management Legal Dispute Resolution in Relation to Contracts Engineering Contracts Management Peculiarities

10. Crude Oil Marketing Issues

Crude Oil Supply and Demand OPEC and Non-OPEC Supply & Strategies Issues & Projections for the Future Pricing: Underlying Basis, Contango & Backwardation

11. Strategic Management of Oil & Gas Companies

Strategic Analysis of a petroleum company Understanding strategic management Analysing & understanding the external and internal environments Focusing on core competencies & core business Value extraction along oil & gas supply chain

12. The corporate business plan

Development Resource requirements & allocation Benchmarking for growth & Asset optimization Minimizing political risks in oil & gas business management Human resource development and succession planning at middle &

top Management levels Econometric application in business forecasting

Module 2

A. Oil & Gas Accounting in E&P, Operations under Concessionary (Royalty

& Tax), Production Sharing Contracts (PSC) & Service Contracts AF01

Module 1

1. Petroleum Industry Characteristics & Overview of Exploration & Production

2. Oil & Gas (E& P) and Cost Classification, Ascertainment, & Treatment of Costs

3. Accounting Principles (including Accounting Methods) & Financial Policies in

Relation to O&G Upstream Operations

4. Joint Venture Operating Agreements & Operations (including Cash Calls, JV

5. Billings, Multi-Currency Accounting, JV Accounts Reporting to Host Country)

6. Cost Allocation for both JV & PSC (including OPEX, CAPEX, Financing Charges,

and Head Office/Parent Co. Overheads) Asset Usage/Tariff Charges)



7. E&P Operations Funding Arrangements & Accounting Implications e.g. for

Carried Interest Financing, Farm Outs etc.

8. Oil & Gas Revenue Accounting (including pricing mechanisms for various

Spot, Forward, Term & Take or Pay Contract Types, matching of delivery

dates & applicable prices; Royalty Calculations, Accounting for Over and

Under lifts, etc.)

9. Joint Venture (JV) Agreements & the Memorandum of Understanding (MOU)

10. Allowable & Non-Allowable Costs

11. Authorization for Expenditure (AFEs)

12. JV Accounting Reports

13. PSC Agreements (Understanding the Contract Type, Including cost oil, royalty

in cash or kind, cost recovery & cost recovery ceilings, etc).

14. Accounting Implications of Carried Interests, PSC Accounting Procedure and

Reporting Processes

B. Budgeting, Cost Control & Financial Management for Oil & Gas (E&P)

Operations AF01 Module 2

1. Financial Planning & Budgets

2. Budgets Preparation: An Overview

3. JV Budgets vs. Corporate Budgets

4. Operated vs. Non-Operated Budgets

5. Budgets Analysis

6. Financial Controls Systems (including the control environment: internal

/external controls)

7. Budgetary Control (including variance analysis, project cost control,

production cost reporting & control)

8. AFE Administration & Budget Control

9. Performance Bench Marking & Performance measurement

10. Oil & Gas Financing Options

11. Oil & Gas Tax Regimes (Profit Tax & Production Tax)

12. Financial Performance Analysis for Multinational Oil Co

13. Understanding the Financial Statement of International Oil Companies

C. International Petroleum Taxation AF03

1. Upfront Taxes in Oil & Gas Exploration & Production

Oil & Gas License & Bonus Concept

Bonus Types: Bidding, Signature and Production

Bonus Types in Different Countries i.e. Indonesia, Malaysia, USA,

Brazil, Qatar etc.



Libya’s Unprecedented $1billion Signature Bonus: a close review

2. Royalties

Royalty Rates in Different Countries (Equatorial Guinea, Venezuela,

Gabon, Yemen, U.S.A., Nigeria, UK, China)

Fixed and Sliding Scale Royalties

Royalties in Cash & In Kind & Implications for Revenue/Turnover

Calculation

R- Factor Royalties (Philippines, Peru)

Volume Determination for Royalty Calculation

3. Petroleum Revenue Tax (PRT) VS. Petroleum Profit Tax (PPT) &

Hydrocarbon Tax

Impact of PRT Vs PPT on Profitability: Pre-Tax & Post Tax Income

PRT and PPT Rates In Oil & Gas Producing Countries Worldwide

Other Features in Oil & Gas Taxation: Depletion Allowances, Tax

Credits, the French Style Provisions and Severance Taxes

Corporate Income Tax: Rates, Group Taxation, Ring Fencing

Treatment of Interest

Supplemental Petroleum Tax (Trinidad & Tobago)

Tax Deductibles: Import Duty Excise Duty etc.

The MOU / PSA and Cost of Capital Recovery (including cost of capital

on Impairment Expense)

4. The Petroleum Profit Tax, Petroleum Revenue Tax and Resolution of Conflict

between Provisions of Other Legislations /Agreements

E.g. Cost of Capital Recovery

Tax Inversion & the Provisions of the MOU

Conflicting Aspects of the Investment Tax Allowance (ITA)

5. Oil & Gas Contract Types & Impact on Taxation Revenue for Government &

Profitability for Oil Company

Joint Venture (JV) and Profitability of Operation

JV Progressive Tax Rates

Profit Sharing Under JV

Production Sharing Contract (PSC)

Sliding Scales for Cost Oil & Profit Oil

Cumulative Cost Recovery and Excess Cost Oil

R-Factor Production Sharing (Iran, India, Peru)

Service Contracts

Global Service Fee System

Service Fee & Buy-Back Provisions

6. Sensitivity Analysis For Impact Of the Following on Government

Revenue Generation:

Bonuses, Rentals, Royalties & Taxes in Terms of Rates & Timing of

payment

Computation of Government Tax Take and Comparison of

Government Tax Revenues in Different Countries

Tax Treaties and Tax Consolidation across Borders in respect of Oil &

Gas Operations

D. Cost Recovery Mechanism in Oil & Gas PSC & Service Operations CEM01

1. Oil & Gas Exploration & Production Contract Types:

Joint Venture (including Typical Flow of Fiscal Components in

Concessionary (JV) System)

Product Sharing Contract (PSC)

The PSC/PSA and Fiscal System Contractual Stability

PSC Fiscal System's Flow

Types of PSCs in Various Producing Countries

Other Factors Used in Profit Oil Share

Service Contract

2. Other Provisions of Oil & Gas (E&P) Transactions & Contracts (E.g. JOA, PPTA,

MOU & PSA)

Royalty, Petroleum Profit Tax, Petroleum Revenue Tax

Tax Holidays

Investment TAX Allowances

Tax Inversion (Incentive & Penalty Calculations)

Taxation under JV vs. PSC and Service Contract Taxation

Reserves Booking under JV vs. PSC and its implications

The Principle of PSC Cost Recovery Ceiling

PSC Cost Recovery Mechanism & Modelling (including Capital

Allowance, Allowable Intangible Costs, Investment Tax Allowance and

the recovery of Gas Cost from Oil Operations)


- Group Exercises

http://petroconsultenergy.co.uk/wp-content/uploads/2013/02/Cost-Recovery-Mechanism-In-Oil-Gas-EP-Psc-Service-Contracts.pdf

- Seminar

- Guided tour of UK Energy Institute

Diploma in Petroleum Economics This is a six week program comprising of three modules:

Module 1 – 2 Weeks

Module 2

Module 3




The chemistry









5. Exploration & Production Fiscal Terms Joint Venture (JV) & Production Sharing Contracts (PSC) Hybrid PSC Service Contracts International Comparison of Contract Types The Memoranda of Understanding:




7. Risk Analysis







Technical & Commercial Issues in Contract Policy Formulation Bidding & Bid Evaluation Selection Criteria & Processes

Legal Processes in Contract Management Legal Dispute Resolution in Relation to Contracts Engineering Contracts Management Peculiarities

10. Crude Oil Marketing Issues Crude Oil Supply and Demand OPEC and Non-OPEC Supply & Strategies Issues & Projections for the Future Pricing: Underlying Basis, Contango & Backwardation





top Management levels

Econometric application in business forecasting

Case Studies & Group Exercises

* Module 1 is compulsory for all three diplomas.

Module 1 has a 2 – week duration. Module 2 (3 Weeks)

A. World Oil & Gas Fiscal System & Analysis of Exploration & Production

Contract Types CEM03

1. Overview of Exploration license requirements

Oil & Gas License Bonuses

Bonus Concept

Bonus Types: Bidding, Signature and Production

Bonus Types in Different Countries i.e. Indonesia, Malaysia, USA,

Brazil, Qatar etc.

http://petroconsultenergy.co.uk/wp-content/uploads/2013/04/CEM03_New.pdf

2. Royalties

Royalty Rates in Different Countries (Equatorial Guinea, Venezuela,

Gabon, Yemen, U.S.A., Nigeria, UK, China)

Fixed and Sliding Scale Royalties

Royalties in Cash & In Kind & Implications for Revenue/Turnover

Calculation

R- Factor Royalties (Philippines, Peru)

Volume Determination for Royalty Calculation

3. Tax / Economic Rent Fiscal Instruments from Different Countries

Petroleum Revenue Tax (PRT) Petroleum Profit Tax (PPT)

Impact of PRT Vs PPT on Profitability: Pre-Tax & Post Tax Income

PRT and PPT Rates In Oil & Gas Producing Countries Worldwide

Other Features in Oil & Gas Taxation: Depletion Allowances, Tax

Credits, the French Style Provisions and Severance Taxes

Corporate Income Tax: Rates, Group Taxation, Ring Fencing

Treatment of Interest

Supplemental Petroleum Tax (Trinidad & Tobago)

Tax Deductibles: Import Duty Excise Duty etc.

The MOU / PSA and Cost of Capital Recovery (including cost of capital

on Impairment Expense)

4. The Petroleum Profit Tax, Petroleum Revenue Tax and Resolution of Conflict

between Provisions of Other Legislations /Agreements

E.g. Cost of Capital Recovery

Tax Inversion & the Provisions of the MOU

Conflicting Aspects of the Investment Tax Allowance (ITA)

5. Oil & Gas Contract Types

Joint Venture (JV) and Profitability of Operation

Financing Options for JV Operations

Carried Interest Concepts

JV Progressive Tax Rates

Profit Sharing Under JV

Production Sharing Contract (PSC)

Sliding Scales for Cost Oil & Profit Oil

Cumulative Cost Recovery and Excess Cost Oil

Variations in PSC Worldwide (Malaysia, Indonesia, Libya, Oman,

Egypt, Iran, Nigeria etc)

Exploration & Production Cash Flow Analysis under PSC

R-Factor Production Sharing (Iran India, Peru)

Service Contracts

Global Service Fee System

Service Fee & Buy-Back Provisions

Hybrid Fiscal Systems

Mixture of the Three Main Fiscal Systems in Different Multinational

Oil Companies

6. The Legal Framework of Oil & Gas Contract Types

7. Profitability Analysis of Fiscal Systems

Overview of Economic Concepts/Tools for Profitability Analysis (NPV,

DCF, ROR, EMV)

Economic Analysis of Oil &Gas Exploration & Production

(Concession/Acreage Based Analysis)

Exploration & Production Cash Flow Projection (JV and PSC)

8. Sensitivity Analysis for Impact of:

Bonuses, Rentals, Royalties, Taxes, etc.

Timing Of payment (Front End Loading Vs Back End Loading)

Economics of Risk Sharing

Geological Risk, Cost Over-runs, Reserve Risks And Price Risk

Understanding Various Memoranda of Understanding (MOU) for

Profitability Analysis

Computation of Government Take And Comparison of Government

Take in Different Countries.

9. The Fiscal Regimes of USA Gulf of Mexico

B. Petroleum Exploration Risks & Decision Analysis CEM06

1. Quantification of uncertainty and risk in exploration, reserves, cost and

economic evaluation.

2. Exploration Risk Analysis Using Decision Tree Technique for Economic

Monetary Value (EMV) Estimation.

3. The application of risk in the evaluation of exploration prospects.

4. Key Filed Development Considerations:

Efficient monitoring of reservoir performance


Reduction of Unnecessary Wells Drilling

Wellbore and surface systems

Well testing and automated production systems

Economic impact of operating plans

Identifying and acquiring critical data, data acquisition, and analysis

5. Develop knowledge of upstream petroleum economic discounted cash flow

evaluation methodologies

6. Become familiar with the derivation, calculation and application of economic

metric such as NPV & IRR, (discounted cashflow) Payback & ROCE.

7. Incremental and project consolidation analysis

8. Understand government and oil company perspectives

9. Understand the financial structure and mechanisms of production sharing

contracts including the calculation of cost recovery and profit oil splits

10. Construct production sharing contract and tax & royalty concession

spreadsheets models (Excel-Based Models)

11. Identify key risks and uncertainties for your projects

12. Make better recommendations and improve the quality of your decision

making.

C. Petroleum Exploration & Production Economics CEM04

1. Oil & Gas Contract Types & Fiscal Policy

2. Reservoir Volume Estimation Methods

Reservoir Volume Estimation Methods

3. Economic Analysis

Economic Yardsticks and Quantitative Measures

Economics Decision Tools

Economic Analysis Applied to E & P Operations

Petroleum Oil & Gas Project Economics

4. Key Field Development Considerations

Efficient monitoring of reservoir performance

Reduction of Unnecessary Wells Drilling

Wellbore and surface systems

Well testing and automated production systems

Economic impact of operating plans

Identifying and acquiring critical data, data acquisition, and analysis


5. Risk Analysis

Valuation of Petroleum Reserves

NPV of Reservoir Asset

Taxation And Cash Flow Analysis

Decision Tree Analysis

6. Field Development Options / Considerations & Economics

Basic Concepts in Field Development (including Reservoir

Characterization, Phase Behaviour & Drive Mechanism)

Optimum Decision Making in Field Development

Optimum utilization of wells (including new wells or not, well placing

and spacing requirements, in-fill wells etc.)

Well / Field Intervention (including optimum completion, stimulation

and identification of production strategy)

Pressure & Pressure Maintenance Operation (PMO) and Economic

Considerations

Economics of Surface Facilities

Production Optimization & Economics (including well lift, gas lift,

Bean/choke system and overall systems performance)

7. Production Options & Economic Implications

Field Life Cash Flow Preparation

This will entail use of Microsoft Excel Software

D. Financing Energy Projects

- Investment Appraisal Methods

- Investment Risk Analysis

- Securing External Findings

Module 3 (1 Week) - Case Studies

- Group Exercises

- Guided Tour of UK Energy Institute

Diploma in Oil & Gas Business Management These complies three modules in six week duration. Module 1 – 2 Weeks Module 1 - this module is common to all the three diploma programs.



The chemistry










Joint Venture (JV) & Production Sharing Contracts (PSC) Hybrid PSC Service Contracts International Comparison of Contract Types The Memoranda of Understanding:




7. Risk Analysis







Technical & Commercial Issues in Contract Policy Formulation Bidding & Bid Evaluation Selection Criteria & Processes Legal Processes in Contract Management Legal Dispute Resolution in Relation to Contracts Engineering Contracts Management Peculiarities










Module 1 has a 2 – week duration. Module 2 – 3 Weeks

Module 2

A. E&P Business Development and Management Program CEM05


IOC’s worldwide operations

Strategic importance of petroleum reserves

Overview of integrated worldwide petroleum operations


IOC and developing exporting countries’ relationship and implications

for global petroleum production

The emergence of National Oil Companies as E&P operators

The how-to on new business development strategies for the NOCs


Reserve estimates

Geopolitics of oil & gas business

Legal issues

Technology

Market / Pricing

Project cost & funding

Materials & Procurement


Why Petroleum Reserves Evaluation?

Reservoir Assets Economic Evaluation


Joint Venture (JV) & Production Sharing Contracts (PSC)

Hybrid PSC

Service Contracts

International Comparison of Contract Types

5. Petroleum Economic

Exploration & Production Economic Analysis & Decision Criteria

Developing PSC & JV Cash Flows

Taxation & Tax Revenue Generation Strategies

6. Risk Analysis

Valuation of Petroleum Reserves

NPV of Reservoir Asset

Taxation and Cash Flow Analysis

Decision Tree Analysis


The financing options (alternative funding options – local & offshore)

Regional comparison of CAPEX & OPEX for negotiation purposes

Customization of funding options as veritable tool for boosting local

content objectives

Economic Analysis of Project’s Country of Origin

World Bank and IMF Ratings

Exchange, Interest and Inflation Rates as Key Factors

Financing Growth through Buying another Company (or Producing

Asset)

Other Debt Financing Options & their Exigencies

Successful Financial Management Skills (Beyond the figures)


Technical & Commercial Issues in Contract Policy Formulation

Bidding & Bid Evaluation

Selection Criteria & Processes

Legal Processes in Contract Management

Legal Dispute Resolution in Relation to Contracts

Engineering Contracts Management Peculiarities

9. Crude Oil Marketing Issues

Crude Oil Supply and Demand

OPEC and Non-OPEC Supply & Strategies

Issues & Projections for the Future

Pricing: Underlying Basis, Contango & Backwardation


Strategic Analysis of a petroleum company

Understanding strategic management

Analysing & understanding the external and internal environments

Focusing on core competencies & core business

Value extraction along oil & gas supply chain

11. The Corporate Business Plan

Development

Resource requirements & allocation

Benchmarking for growth & Asset optimization

Minimizing political risks in oil & gas business management

Human resource development and succession planning at middle &

top management levels


B. Oil & Gas Project Management CEM09

1. Introduction to project management

Project types in the E & P industry

The Importance of communication


Appropriate communication process development for projects

Objectives of Project Management

Project Plans and Assumptions

Project Execution Plan (PEP)

2. Project Economics (An Overview)

Economic Appraisal of Projects

Lenders Expectation during Project Execution

3. Project structuring And Scheduling

Work breakdown structures (WBS)

Procedure Networks, Critical Path Network & Gantt Charts

Project Milestones

Establishing Project Methodology

4. Project Resources & Procurement Management

Resources Availability & Limitations

Resources Procurement Planning & Cost/Benefit Analysis e.g. Make or

Buy Decisions, Vendor Appraisal

Project Management & Personnel Management

5. Project Risk Evaluation & Management

Risk identification, evaluation and management plans

Financial, Operational, (Pre-completion and Post-completion risks)

Establishing Control Processes

6. Project Execution & Reporting

Proactive management

Monitoring & Reporting Actual Tasks and Progress

Re-planning to achieve objectives

Planned Vs Actual Performance Management


- Group Exercises

- Guided Tour of UK Energy Institute

Diploma in Oil & Gas Supply Chain Management This program consists of three modules in six week duration. Module 1 – 2 Weeks Module 2 – 3 Weeks Module 3 – 1 Week




The chemistry









5. Exploration & Production Fiscal Terms Joint Venture (JV) & Production Sharing Contracts (PSC) Hybrid PSC Service Contracts International Comparison of Contract Types The Memoranda of Understanding:




7. Risk Analysis







Technical & Commercial Issues in Contract Policy Formulation

Bidding & Bid Evaluation Selection Criteria & Processes Legal Processes in Contract Management Legal Dispute Resolution in Relation to Contracts Engineering Contracts Management Peculiarities










Module 1 has a 2 – week duration.

Module 2 A. Engineering & Materials Contract Management

1. Classification of Contracts in the Petroleum Industry

2. Stages in Typical Petroleum Industry Contract Administration &

Contract Management Flow chart.

3. Contracts Approval Process

http://petroconsultenergy.co.uk/wp-content/uploads/2013/06/Engineering-Materials-Contract-Management.pdf

4. Preparation of Contract Terms & Conditions, Clauses, Scheduling etc.

5. Problems & Challenges of Successful Contract Management:

Including Stock Optimization,

Inventory Mgmt.,

E-Procurement: Manual vs. Electronic Bidding

Integration of Contract Software with Accounting Packages,

Contract Time Scheduling

Engineering Projects, Contract & AFE Administration

6. Procurement Logistics Coordination in Engineering Project Contract

7. Success Factors for Contract Management:

Internal Processes & Process Development for Bid Evaluation &

Bid Analysis Methods

Suppliers’ Selection Criteria

Establishment of Benchmarks & Best Practice

Compliance Monitoring

Module 3

A. Procurement & Supply Chain Management

B. Warehouse Management

C. Developing & Managing E – Commerce for Procurement

D. Additional & Local Content Policy

Critical ways to enhance sustainability

International examples of successful National / local Content

E. UK North Sea Supply Chain Fundamentals for Cost Reduction

Documents

PETROCONSULT ENERGY DIPLOMA PROGRAM (6 WEEKS)