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Principles of the International Upstream Business (EP1)
This 3-day course provides a synopsis of the exploration and production (E&P) industry. The E&P management programme is designed to build management skills based upon a sound and up-to-date commercial and technical framework. This course provides an introduction to a wide range of related issues and skills.
The upstream industry includes a broad spectrum of activities, which include: exploration (defining and drilling prospects); classifying, risking and developing oil and gas reserves (reservoir types, production facilities and the supply chain); valuing oil and gas assets (simulated and risked economics, fiscal terms, global product price and supply-demand influences and cost analysis); operating in joint ventures and alliance arrangements (team work and project management); managing portfolio of assets and companies (integrating economics, risk, strategy, and portfolio models); comparing E&P company performance and merger and acquisition activity in different upstream sectors (financial analysis, finding and supply costs, production and reserves replacement).
This course covers all of these activities with an integrated approach that highlights how they interact with each other, the skills required to manage them, and the hurdles and pitfalls to be overcome or avoided in order to operate in the upstream sector successfully. A team of E&P professionals active as consultants to the upstream sector present the course. The team has a varied technical background plus extensive commercial, training and management experience.
Who Should Attend
All those requiring a broad and integrated overview of the upstream industry, including:
- Technical E&P professionals
- Financial professionals, analysts and economists
- Planners, strategists and portfolio managers
- E&P Licence and land negotiators
- Corporate, legal and administration professionals
- Operations and project supervisors
What You Will Learn
- The global, financial and technical drivers influencing upstream projects
- The phases of typical E&P project life cycles and their contributions to value
- The valuation of upstream assets using risked economics
- How E&P techniques and technologies can add value to oil and gas reserves
- The comparison company and asset performance using a range of financial, cost, reserve and production based yardsticks
- The issues associated with optimising a portfolio of E&P assets
- The factors influencing and distinguishing upstream strategies
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