Introduction to the business of Exploration, strategies and portfolio management

Day 1 - The world of oil and gas

·         Stage gate process

·         Strategic drivers and analysis

·         Full Risk analysis - Political, Security and Economics

·         Introduction to Stakeholders

·         Tests of strategy

Day 2 -  Creating a strategy

·         From strategy to asset value

·         Legal Framework

·         Stakeholders and partners' engagement

·         Technology management

Day 3 – Portfolio management

·         Growth business models

·         Company structures

·         Planning Techniques

·         OilSim business simulation - Introduction and Sedimentary basins

Day 4 - Fiscal Regimes

·         Royalties and Taxes

·         Production Sharing Agreements

·         Service Agreements

·         OilSim business simulation - Petroleum System and Oil and Gas Prospecting

Day 5 - Petroleum Economics

·         Project Economics in upstream value chain

·         Project Evaluation

·         Expected Monetary Value

·         Expected Net Present Value

·         Decision Making, including decision trees

Day 6 – Exploration licenses

·         Exploration Workflow

·         Exploration Risks

·         Project Success Criteria

·         Features and Process of an Oil and gas Licensing round from Prospecting to Award

·         OilSim Business Simulations - License Round and Corporate Social Responsibility

Day 7 – Exploration strategies

·         Exploration strategies

·         Project comparison as part of Portfolio Management

Day 8: Exploration Drilling

·         Drilling Process

·         Locations and configurations

·         Drilling rigs

·         Well Design

·         Contractor negotiation

·         Authorization For Expenditure

·         OilSim Business Simulation - Exploration and Appraisal Drilling

Day 9 - Field Appraisal and Development

·         Reservoir Appraisal

·         Development Concepts and the stages of Concept Maturity

·         Appraisal Assessment economics

·         Value of information and reduction of uncertainty

·         Appraisal Strategies

·         Classification of petroleum resources and reserves

·         OilSim Business Simulation - Depletion and Facilities planning

Day 10 - Construction of Projects

·         Construction Activities

·         Project Sanction

·         Project Management Approach to Construction of Facilities

·         Procurement Activities

·         Drilling and Completions Functions

·         OilSim Business Simulation – Construction