An Intensive 5-day Training Course

Managing Oil & Gas Production Business

Improving the Performance of Oil &Gas Production Business

INTRODUCTION TO THE COURSE

The oil and gas industry remains a cornerstone of the global energy market and a vital source of economic prosperity for many nations. With mounting global challenges, from energy security to climate change—today’s professionals must not only understand the complexities of oil and gas production but also lead with strategic foresight and efficiency.

The Managing Oil & Gas Production Business training course equips participants with comprehensive knowledge of the upstream oil and gas lifecycle, cost control measures, petroleum economics, production contracts, and decision-making frameworks. This training course empowers professionals to optimize production operations, evaluate investment opportunities, and increase the economic value of oil and gas assets.

Designed for engineers, analysts, managers, and policy influencers, this 5-day training course integrates technical understanding with business insight, helping participants address the real-world challenges of a capital-intensive and high-risk industry.

This Managing Oil & Gas Production Business training course will highlight:

  • The complete Upstream Oil & Gas Lifecycle, from exploration to production
  • Strategic Cost Management techniques to enhance project profitability
  • Fundamentals of Petroleum Economics and financial modeling
  • Key Oil and Gas Production Contracts and their operational implications
  • Critical Decision-Making Skills for evaluating and optimizing business operations

COURSE DETAILS

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OBJECTIVES

By the end of this Managing Oil & Gas Production Business training course, participants will be able to:

  • Understand the value chain of the oil and gas industry and its global significance
  • Operate and manage oil and gas fields more efficiently and cost-effectively
  • Apply petroleum economic principles to evaluate upstream opportunities
  • Analyze and compare various oil and gas production contracts and their impact
  • Make informed, data-driven decisions to support project performance and strategic growth
  • Optimize asset value and maximize operational returns through improved planning
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TRAINING METHODOLOGY

Delegates to this Managing Oil & Gas Production Business training course will receive a comprehensive understanding of the subjects covered by the training course outline with the instructor applying a variety of proven teaching and facilitation techniques. Training course methodology includes PowerPoint presentations, hands-on examples on Excel Software, case studies as well as active discussions

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ORGANISATIONAL IMPACT

Organizations will gain the following benefits:

  • Improved operational efficiency across oil and gas production assets
  • Enhanced workforce capabilities through skilled decision-makers
  • Better financial performance through accurate cost estimation and resource planning
  • Higher project ROI by aligning operational goals with economic feasibility
  • Strategic contract management for optimized legal and financial outcomes
  • Effective planning and performance monitoring across project lifecycles
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PERSONAL IMPACT

Participants will benefit from:

  • A deeper understanding of upstream oil and gas operations and challenges
  • Strengthened skills in business decision-making and petroleum economics
  • Confidence in evaluating investment opportunities and contract strategies
  • Practical tools to optimize oil and gas production performance
  • Enhanced career growth through advanced technical and commercial competencies
  • Awareness of industry trends, global energy dynamics, and risk factors
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WHO SHOULD ATTEND?

It is designed for all personnel in the oil and gas industry, or associated industries needing to improve their knowledge and understanding of managing the oil and gas production business.

This KC Academy Managing Oil & Gas Production Business training course is suitable for a wide range of professionals but will greatly benefit:

  • Managers and Government Officials
  • Petroleum economists
  • Businessmen and financiers
  • Reservoir and Production Engineers
  • Energy industry journalists and reporters
  • Planning and Development Analysts/Executives
  • Commercial Analysts/Executive/Managers

DAILY AGENDA

Day 1: Oil and Gas Industry Value Chain
  • Characteristics of upstream oil and gas business
  • Phases of upstream oil and gas operations
  • Challenges in upstream operations
  • Oil & gas reserves, production, consumption & trade
  • The role of the integrated professional team in managing the business
Day 2: Petroleum Economics
  • Net cash flow: Definitions, gross revenue, capital costs, operating costs, abandonment costs, and government take
  • Economic life reserves, abandonment
  • Profit income tax and loss carry forward
  • Sunk costs
  • Inflation
  • Economic indicators, NPV, IRR, CPI, and payout time.
Day 3: Petroleum Contracts
  • Principal licensing and contractual arrangements
  • The modern concession contracts
  • The production sharing contracts
  • Participation agreements and joint operation agreements (JOA)
  • Service contracts, pure service contracts, risk service contracts
  • Financing in the international oil & gas industry
  • Comparative analysis of the different contract forms
Day 4: Decision-Making in the Oil and Gas Industry
  • Decision tree analysis
  • Value of information
  • Exploration drilling decisions
  • Production decisions
  • Making management decisions under conditions of certainty
Day 5: Risk Analysis
  • Uncertainty in oil and gas projects
  • Risk-free return
  • Risk of the proposed project
  • Treatment of risks in project appraisal
  • Sensitivity analysis
  • Portfolio analysis
  • Hedging – risk management
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Certificate

On successful completion of this training course, KC ACademy Certificate will be awarded to the delegates.

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