Essentials of the Oil and Gas Industry in London

Essentials of the Oil and Gas Industry
Your Comprehensive Course Programme

DAY ONE - THE OIL STORY

Hydrocarbon Basics
• Where does it come from?
• Geology - where do you find it?
• Conventional & unconventional oil
• Characterisation

Economics & Geopolitics of Oil
• Reserves - terminology …. and reserve creep
• Consumption
• Supply and consumption
• OPEC
• “Peak Oil”

Structure of Oil industry
• Supply chains
• Players & roles
• IOCs & NOCs – PSAs, JVs and other arrangements
• Service companies

Exploring for Oil
• Concessions
• How we look for oil
• Drilling
• Probabilities of finding oil

E&P Business
• Appraisal & planning
• Investment & economics
• Risk

Case Study: Madagascar Oil

Oil Production
• Process
• Depletion
• Enhanced recovery

Oil Refining
• Process
• Products
• Margin

Oil Logistics
• Pipelines
• Shipping
• Storage

The Oil Business
• Oil markets
• Pricing & netback
• Contracts
• Trading

Case Study: Russian Oil Industry

DAY TWO - THE NATURAL GAS STORY

Conventional & Unconventional Gas Resources
• Dry vs. wet gas
• Flare gas
• Shale gas
• Coal-bed (CBM or CSG)

Economics & Geopolitics of Gas
• Reserves
• Supply and consumption
• Resource nationalism
• OGEC

Case Study: Russian Gas

Structure of Natural Gas industry
• Supply chains
• Players & roles
• IOCs & NOCs
• Integration vs. liberalised markets

Commercialising Natural Gas Reserves
• Terminology
• Composition
• Quality
• Risk

Case Study: Indonesia Natuna Gas Field

Case Study: Australian Coal-Bed Methane

Natural Gas Logistics
• Pipelines – transit & transport
• UGS storage
• LNG & CNG
• Gas-to-liquids

The Natural Gas Business
• Gas markets
• Contracts
• Pricing & netback
• Trading

Group Exercise: Commercialising a gas resource summary & closure