Course Overview

Why is international oil and gas business management so important? Oil and gas are one of the most important resources in the world, and the oil and gas industry plays a vital role in driving a nation’s economy. Petroleum is used in many products as is, besides being one of the world’s most useful sources of fuel. Because of the nature of the industry, processes and systems involved in management become extremely crucial and important, yet complex and capital-intensive and requiring state-of-the-art technology. The industry also faces various challenges like climate change, alternative energies, etc. Thus, managers handling various functions across the industry need to have a comprehensive understanding of the industry, including economics, decision making, etc.

This Zoe training course will empower you with detailed knowledge and understanding of all facets of international oil and gas business management, thus providing the experience and exposure to undertake higher roles and responsibilities related to managing some or all functions of oil and gas operations. Further, the skillset and capabilities acquired from this course will enable you to work in any other organisation and successfully manage functions, in turn providing ample opportunity for career expansion.

Course Objectives

The main objective of this training program is to empower professionals with—

• a comprehensive understanding of managing international oil and gas businesses
• the experience and exposure to multitask and ensure end-to-end management of all functions
• the knowledge and confidence to share best practices and train other professionals on managing oil and gas businesses successfully
• the foresight and analytical skills to predict possible challenges and hindrances and address these to prevent grave impact to the business
• the overall skillset and capabilities to handle responsibilities in oil and gas across any organisation, thus widening the scope for progression and growth beyond the current organisation
• the awareness and knowledge to effectively manage costs and expenses to ensure sustenance of the business despite competition
• the know-how and abilities to ensure employee health, safety and welfare, given the risks involved in the business
• the skill and experience to effectively forecasts demand and make arrangements to maintain the supply at desirable levels, thus fostering organisational growth and development as well as customer satisfaction
• a sense of pride contributing to organisational credibility, leading to investment decisions

Training Methodology

Zoe Talent Solutions offers training across a wide range of disciplines, with content tailored to suit each training audience. Training is delivered through lectures by highly experienced professionals from the relevant domain, using audio-visual presentations for ease of reference. Two-way participation in the program is encouraged through group discussions, activities, projects and role-plays. Discussion of relevant case studies also helps trainees relate practical scenarios to the training content.

This typical format is followed by Zoe Talent Solutions for all its training courses and is called the Do–Review–Learn–Apply Model.

Organisational Benefits

By professionals enrolling for this training course, their organisations will derive the following benefits:

• More effective and seamless management of various functions in the oil and gas domain
• Regular review of existing systems and processes and resultant enhancements to make corrections and increase the overall efficiency
• Regular training of other employees on best practices for successful management of international oil and gas businesses
• Well-predicted and well-managed risks that have an impact on the prospects and success of an organisation
• Increased credibility because of better risk prediction and management, and thus, increased investments
• Organisational growth and development as a result of combined success in the form of better risk management, increased credibility and increased investments
• Seamless processes and systems and leaner operations because of experienced professionals overseeing all aspects to increase efficiency and reduce manual intervention
• Competitive advantage because of better turn-around-time and increased employee health and safety, in adherence with international standards
• Effective contracts at an international level because of appropriate negotiation, decision making and operational efficiency

Personal Benefits

Professionals enrolling for this course will benefit in the following ways:

• In-depth understanding, experience and exposure to international oil and gas business management practices
• Increased knowledge and confidence to review existing processes and systems and bring about changes for leaner operations and automation to reduce manual intervention as much as possible
• Adequate experience and information to train other professionals on best practices related to international oil and gas business management
• Enhanced skillset and capabilities to secure all processes and systems against possible risks through effective risk prediction and management as well as seamless planning
• A sense of pride contributing to increased organisational credibility and investments leading to organisational growth and development as well as extreme client satisfaction
• Enhanced negotiation skills and confidence to successfully secure and close contracts at an international level, thereby demonstrating one’s potential and skill
• Greater capabilities and enhanced skillset to explore opportunities and successfully undertake these at an international level, thus increasing avenues for career growth and progression
• Superior analytical and strategic skills for effective demand and supply forecasting and planning

Who Should Attend?

• Contract managers responsible for preparing and closing contracts through various stages
• Senior members of an organisation who need to understand all aspects of international oil and gas business management
• All other functional managers handling various functions in oil and gas organisations
• External and internal auditors responsible for ensuring adherence to international standards and benchmarks
• Quality checkers who need to ensure that quality standards are maintained throughout the sale and purchase process
• Potential investors who need to thoroughly understand the oil and gas business before making investment decisions
• Any other professional who would like to know more about international oil and gas business management

Course Outline

The course covers the following topics for understanding international oil and gas business management:

Module 1 – Petroleum Dynamics

• Hedging – Risk Management
• Pricing Management
• Derivatives
• Legal and regulatory implications

Module 2 – Overview of Operational Excellence in the Oil and Gas Industry

• Operational Excellence Framework
• DMAIC (Define, Measure, Analyse, Improve & Control) improvement method
• Voice of the customer
• Strategy deployment
• Project pipeline development and prioritisation

Module 3 – Developing Operational Excellence

• Lean principles
• 7 wastes
• Mistake proofing
• Problem solving
• Total productive maintenance
• Set-up reduction/SMED
• 5S
• Line of sight

Module 4 – Few Corporate Planning Metrics

• Net present value (NPV)
• Discounted cash flow (DCF) return/Internal rate of return (IRR)
• Return on investment (ROI)

Module 5 – Types of Financial Models

• Three statement model
• Discounted cash flow model
• Merger model
• Initial public offering model
• Leveraged buyout model
• Sum of the parts model
• Consolidation model
• Budget model
• Forecasting model
• Option pricing model

Module 6 – Different Valuation Approaches

• Cost approach
• Market approach
• Discounted cash flow approach

Module 7 – Fundamentals of Oil and Gas Contracts

• Infrastructure development
• Boundary disputes
• Host country legislation
• Drafts and drafting
• Fundamental legal principles

Module 8 – Types of Upstream Agreements

• Modern concession agreements
• Production sharing agreements
• Risk services agreements

Module 9 – Approaches to Risk Analysis

• Scenario planning
• Quantitative modelling
• Portfolio management

Module 10 – Health, Safety, and Environment

• Health considerations
• Safety culture
• Safety management systems
• Environmental considerations
• Current environmental concerns