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Euromoney Learning Solutions

Introduction to the Oil & Gas Industry

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Description

Accelerate in the fundamentals of Oil & Gas with this course

This 3-Day accelerated course provides a helicopter view of the fundamentals of the oil & gas industry. This course is ideal to be used as an introductory training for new entrants or for those transferring from other disciplines into the Oil & Gas of Industry business. It seamlessly covers the wide-array of essential business functions, processes, and the business practices to provide the necessary business acumen. It provides hand-on business exercises on upstream, middle stream, and downstream, and simplifies the complexity of technical functions such as exploration, seismic evaluation, drilling, well-completion, production, transportation, and refining through visual aids and simulation. This course is designed to suite the wide background of delegates. Without going into too many details, it deals with core issues and essential concepts of running the downstream business of oil industry.

Agenda

Day 1

Introduction

  • General Industry Overview & Basic Concepts
  • Learning Objectives
  • Meaning of Petroleum
  • Typical Oil & Gas Company Objectives
  • Typical Oil & Gas Industry Activities
  • Industry Streams
  • Typical Organization Chart
  • Company Structures
  • Petroleum Utilization

Oil & Gas Geology

  • Origin & formation of petroleum
  • Migration of oil & gas
  • Requirements for hydrocarbon accumulation
    • Simple Anticline (Structural Traps)
    • Faulted Anticline
    • Complexly Faulted Anticline
    • Stratigraphic Trap
  • Geological time scale
  • Typical Stratigraphic Column
  • Types of hydrocarbons
  • Classification of crude oil
  • Classification of natural gas
  • Typical natural gas composition
  • Properties of gases

Case Studies: Gas Btu content calculation Crude oil price estimation

Oil & Gas Prospecting (Exploration)

  • Geological prospecting
  • Geophysical prospecting
    • Seismic (2D & 3D) acquisition
    • Seismic processing & seismic interpretation
  • Offshore seismic data acquisition
  • Onshore seismic data acquisition
  • A seismic section
  • Stratigraphic cross-section
  • Reservoir mapping
    • Anticline structure trap
    • Net pay isopach map

Case Study: Locating wells on structure map

Drilling Operations

  • Drilling
    • Exploration
    • Appraisal
    • Development
    • Maintain potential & infill drilling
    • Delineation and/or step-out drilling
  • Drilling contracts
  • Type and orientation of Wells
  • Horizontal well technology
  • Dual opposing laterals
  • Tri-lateral completion
  • Routine drilling operations
  • Components of rotary rig
  • Rig’s circulating system
  • Functions of drilling mud
  • Drill pipes versus coiled-tubing
  • Different types of drilling bits
  • Casing
    • Classification of casing
    • Functions of casing
  • Cementing a well and its functions
  • Offshore drilling
  • Well control
  • Special drilling procedures
  • Breakdown of drilling costs

Case Study: Number of wells required to develop a field

Technological Advances

  • Intelligent Field (i-Field)
  • GeoSteering technology
  • Horizontal wells
  • Casing while drilling
  • Measurement while drilling (MWD)
  • Logging while drilling (LWD)

Day 2

Formation Evaluation

  • Evaluating a well
  • Whole core and core plugs
  • Open hole logs
  • SP and resistivity log
  • Cased hole logging
  • Well testing

Case Study: Picking formation top and thickness from well logs Identifying water and hydrocarbon formations from logs

Well Completions

  • Factors in completion design
  • Completion equipment
  • Types of completions
    • Barefoot completions
    • Single well completion
    • Dual completions
    • Commingled completions
  • Perforating a well
  • Reservoir stimulation

Reservoir Depletion Mechanisms

  • Solution-gas drive reservoirs
  • Gas cap drive reservoirs
  • Water drive reservoirs
  • Combination drive reservoirs

Case Study: Locating gas cap on structure map Placing wells in gas-cap drive oil reservoir

Oil & Gas Production Facilities

  • Typical oil production facilities
  • Artificial Lift Systems
    • Sucker rod pump
    • Gas lift mechanism
  • Purpose of crude treatment
  • Separating and treating well fluid
  • Treating natural gas
  • Gas processing
  • Gas added value products
  • LNG – the growth energy industry
  • Offshore facilities (fixed)
  • Offshore facilities (floating)
  • Subsea production facilities

Transportation

  • Transporting petroleum fluids
  • Pipeline tariffs

Case Study: Calculating pipeline tariff

Maintenance of Oil & Gas Facilities

  • Well servicing and workovers
  • Corrosion & how to avoid it

Oil & Gas Reserves

  • Reserves estimating methods & classification
  • Oil and gas reserves estimates
  • Volumetric calculations
  • Decline curve analysis
  • Economic limit
  • Reserves replacement ratio

Case Study: Calculating initial oil in place and reserves

Reservoir Management

  • Maximize ultimate oil recovery
  • Reservoir management
  • Recovery sequence
  • Typical well locations (gas-cap drive reservoir)
  • Coning of gas from gas-cap

Day 3

Crude Oil Refinery Products & Processes

  • Crude oil refinery
  • Refinery configuration
  • Refinery yields by crude type
  • Refinery margin
  • Refinery margin calculation
  • Factors affecting refinery margin

Legal Framework of the Industry

  • The need for collaboration
  • International agreements
  • Parties to petroleum agreements
  • Contractual arrangements
  • Contract documents
    • Upstream project agreement
    • Shareholder agreement
    • Secondment agreement
    • Technical service agreement
    • Confidentiality agreement
    • Oil and gas purchase agreement
  • Government take
  • Optimal government take
  • Comparison of fiscal systems
  • Flexible fiscal regimes
  • Why dynamic terms
  • Joint venture contracts
  • Risk service contracts
  • Concessionary system’s cash-flow
  • PSA cash-flow distribution

Case Study: Exercise - Concessionary system

      Exercise – Production sharing system

Project Economics

  • Data required for economics
  • Cash-flow projections
  • Typical decision yardsticks
    • Accounting methods
    • Discounted cash-flow methods
  • Characteristics of ideal yardsticks
  • Sample before-tax cash-flow -Discounted payback period -Net present value -Internal rate of return (IRR) -Profitability index and present value ratio -Unit technical cost (UTC) -Long-run marginal cost (LRMC)
  • Investment types
  • Types of investment decisions
  • Investment decision-making
    • Screening
    • Mutually exclusive investment alternatives
    • Non-mutually exclusive investment alternatives
  • Ranking projects under budget constraint
    • Using PI
    • Using NPV
  • Service producing investments (unequal life)
  • Uncertainties in oil and gas investments
  • Accounting for uncertainties

Case Study: Investment decision-making

Oil Price Risk Management

  • What is oil price risk management?
  • Physical/Cash market
  • Forward trading
  • Futures trading
  • Options contracts
  • Sample future prices & option quotes

Case Study: Options trading exercise

Supplementary Material

  • Historical perspective
  • Organization of petroleum exporting countries (OPEC)
  • World oil and gas reserves and production
  • NOCs, INOCs and the IOCs
  • Oil and gas storage
  • Gas flaring
  • Petroleum trade and transportation
  • Oil price volatility

Technical Short Videos

Critical Oil & Gas Operations Explained Thorough Short Videos

  • 3-D Seismic Survey in the Exploration of Oil & Gas
  • Drilling, Cementing, and Stimulation of Oil & Gas Wells
  • Drilling for Shale Gas, Oil, Tight Gas
  • The two Cutting-Edge Technologies Horizontal Drilling and Hydraulic Fracturing
  • Oil Recovery Processes: Primary-Second-Tertiary
  • Petroleum Refining basics
  • Crude Oil Transportation – Very Large Crude Carriers
  • LNG Natural Gas Industry Logistics
  • Mega-pipeline for LNG Project in the Asia Pacific
  • Floating LNG Business the New Frontier
  • Health, Safety & Environment - Oil & Gas Industry Major Accidents

Glossary of Terms

World Maps Oil Fields, Refineries, Terminals, Transportation Routes, Choke Points,

Experts

Mohammed is a marketing manager with Saudi Aramco and has worked in the US, Europe and the Middle East. He has over 32 years of diversified experience in corporate planning, project evaluation, petroleum engineering, Enhanced oil recovery, reservoir management, reservoir simulation, supply planni...

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