An Interactive 10-Day Training Course
The 10-Day International Petroleum Management
Energy Economics, Project Evaluation and Decision-Making Skills
Course Overview
Oil and gas are considered among the world's most critical resources and therefore play a pivotal role in driving the global economy. The exploration, production, refining, and distribution of oil and gas involve the most complex and capital-intensive processes and require state-of-the-art technology.
This accelerated GLOMACS 10-day International Petroleum Management training seminar has been designed to enable participants to learn more about oil & gas production technologies, the chemistry of petroleum and the refining processes, the oil & gas exports and imports business, and best business practices.
This international petroleum management training seminar will provide a more efficient understanding of the international oil and gas business value chain.
The delegates will also learn:
- The critical success factors of oil & gas operations – Seismic, wireline services, drilling, fracturing, well completion, production and processing for export
- Recoveries through the primary, secondary and enhanced oil recovery techniques
- Shale oil and gas production potential in different regions of the world
- Renewable energy sources and their comparative costs
- Energy economics, project evaluation and decision-making skills
- Crude oil and gas supply, transportation, marketing, trading and storage
Training Outline
DAY 1: Sources, Origin and Nature of Petroleum
- Introduction
- Industry Overview
- Chemistry of Fossil Fuels
- Origins of Hydrocarbon Deposits
- Basic Petroleum Geology
- Exploration Methods & Activities
DAY 2: Well Evaluations & Drilling Operations & Reservoir Management
- Types of Wells
- Well Evaluations
- Drilling Operations
- Well Completions
- Oil & Gas Reserve Estimates
- Volumetric Calculations – Original Oil & Gas In-Place
- Reservoir Depletion Mechanisms
- Declining Curve Analyses
- Case Study: Oil Reserves Estimation
DAY 3: Conventional & Unconventional Production
- Unconventional Oil & Gas
- Shale Oil & Gas, Tight Gas, and Heavy Oil Recovery
- Oil Recovery Methods
- Primary, Secondary and Tertiary
- Enhanced Oil Recovery Techniques
- Reservoir Management – maximize ultimate recovery of oil
DAY 4: New Oil & Gas Field Development and Economic Evaluation
- Typical Decision Yardsticks
- Petroleum Economics Analysis
- Net Present Value
- Internal Rate of Return
- Profitability Index
- Unit Tech Cost
- Economic Limit
- Case Study: Oil and Gas Field Development Economic Evaluation
DAY 5: Oil & Gas Contracts & Joint Ventures
- Need for Collaboration between Parties – NOC’s and IOC’s
- Alignment of Interests
- Oil & Gas Contracts
- Types of Contracts
- Concession Agreements
- Production Sharing Agreement / Contract (PSA / PSC)
- Technical Service Contract / Agreement (TSA)
- Joint Venture and Service Agreements
DAY 6: Petroleum Fiscal Regimes
- Comparison of Fiscal Regimes
- Auction Theory and Methods
- Similarities among Fiscal Systems
- Accounting Aspects of Fiscal Systems
- Division of Revenues and Profits
- Concession
- Concession Rentals
- Unitisation Agreements
- Royalties
- Profit Tax
- Corporate Tax
- Ring Fencing
- State Participation
- Signature Bonus
- Production Bonus
- Bidding for Leases
DAY 7: The Chemistry of Petroleum and the Refining Processes
- Crude and Product Quality
- Crude oil Refining Operations
- Crude Oil Fractions
- Crude Oil Refinery Products & Processes
- Refinery Configurations - separation, conversion and treatment
- Refining Complexity
- Pipelines
- Storage
- Treatment & Blending
- Utilities
DAY 8: Refining Economics – Environmental Aspects
- Refinery Economics
- Benefits of Integrating with Petrochemicals
- Global Oil Reserves, Production & Trade Movements
- Crude Oil and Refining Gross Product Worth (GPW)
- Freight
- Netback and Refining Margin
- Vessel Chartering
- Environmental Aspects
- Case Study: Netback Pricing Calculation
DAY 9: Oil & Gas Exports and Imports Business
- Organization of Petroleum Exporting Companies (OPEC)
- Other International and Multi-national Organizations
- International Energy Agency (IEA)
- Oil Markets – Crude Pricing Regimes
- Transportation Logistics – Pipelines, Terminals and Storage
- Crude Oil Tankers
- World’s Major Pipelines
- World’s Major Terminals, Refineries
- Transportation Logistics – Losses
- Bottle necks and Chokepoints
DAY 10: Pricing, Trading, Markets, Risk Management
- Crude oil Benchmarks
- Crude Price Assessment
- Oil Trading
- Total Barrel Economics
- Oil Markets – Futures
- Exposure – Price
- Hedging – Risk Management
- Pricing Management Considerations
- Derivatives
- Course Summary
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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