The Oil and Gas Value Chain

This four day workshop provides an introduction to all aspects of the oil and gas supply chain, from exploration and development of hydrocarbon resources to supplying end-users.  The emphasis is on identifying opportunities and strategies for value creation within the industry, including infrastructure investment, physical supply chain operations and commercial trading activities.  The course explores physical supply chain processes including oil and gas production, gas processing, shipping and pipeline transportation of oil, gas and LNG, storage and retail distribution.  It also considers the commercial and regulatory arrangements for oil and gas trading and end-user supply.

CONTENT

Overview of the oil and gas industry

• The main value creation steps from exploration to end-user products
• Upstream, midstream and downstream sectors
• Geographical distribution of resources
• Main consumption markets
• Industry and market participants
• Important industry trends

Upstream Sector

• Origins of oil and gas
• Physical and chemical quality characteristics of oil and gas
• Conventional and unconventional oil and gas resources
• Obtaining commercial access to resources
• Creating value by locating oil and gas reservoirs
• Creating value by turning resources into bookable reserves
• Basics of oil and gas production
• Enhancing the value of mature resources
• Arrangements for sharing of risk, investment and rewards
• Roles of national oil companies and independent oil companies

Midstream sector

• Marine transportation of oil
• Pipeline and other oil transportation modes
• Oil storage logistics
• Creating value by getting gas to market
• Fundamentals of LNG production and transportation
• Gas pipeline operations
• Gas storage facilities
• Creating value through the use of transport and storage
• Wholesale trading of crude oil, LNG and natural gas

Downstream sector

• Refining processes and the main petroleum products
• Economics of refinery operations
• Blending and storage of refined products
• Biofuels and additives
• Regulation of end-user markets
• Retail and wholesale marketing of transport fuels
• Retail and wholesale marketing of natural gas
• Lubricants, asphalt and other specialty oil products
• Overview of petrochemicals markets
• Trading of refined products

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.