Geopolitics, risk and opportunity in the oil and gas industry

Energy Institute

Training

In London

£ 3,960 VAT inc.

The best Oil and Gas Industry courses

See all

See all

Description

  • Type

    Training

  • Level

    Intermediate

  • Location

    London

  • Duration

    4 Days

  • Start date

    Different dates available

Geopolitical issues form an important component of the overall uncertainty in which the industry operates around the World and frequently determine the long-term success or failure of specific oil and gas ventures. Risk and opportunity are multi-faceted phenomena impacting all sectors of the oil and gas industry in a variety of ways, with geopolitics being a key facet. It is essential that the less tangible political, geopolitical and extreme risk exposures need to be adequately considered when investment decisions are made.

The course consists of a balanced mix of presentations, interactive exercises, some illuminating video clips and spends the last quarter of each day with up-to-date regional reviews from across the world.

Facilities

Location

Start date

London
See map
61 New Cavendish Street, W1G 7AR

Start date

Different dates availableEnrolment now open

About this course

The course is structured to appeal to a multi-disciplined audience with diverse commercial, technical and professional backgrounds and experience levels from within oil and gas companies and government departments. However, a range of professionals from the industry support and service sectors (e.g. economics, banking, insurance, legal, negotiation and public relations), including governmental and non-governmental agencies, could gain a deeper understanding of the uncertainties facing all sectors of the oil and gas industry.

Questions & Answers

Add your question

Our advisors and other users will be able to reply to you

Who would you like to address this question to?

Fill in your details to get a reply

We will only publish your name and question

Reviews

Subjects

  • Risk
  • Risk Analysis
  • Risk Management
  • Oil and Gas
  • Petroleum Engineering
  • Gas
  • Industry
  • IT risk
  • Oil Exploration
  • Petroleum
  • Terrorism
  • Security risks
  • Piracy
  • Kidnapping
  • Extortion

Course programme

Day One: Global Mind-set and Risk Analysis

  • Approaching oil and gas ventures with a global mind-set
  • A common language for risk, opportunity and uncertainty management
  • Less tangible political, fiscal, market and trading uncertainties
  • Quick-look country risk / opportunity assessments
  • Risks associated with costs of supply
  • Qualitative approaches to analysing uncertainty, risk and opportunity
  • Catastrophic risks: exposure to low-probability but high-impact events
  • Credit rating agencies and country risk
  • Semi-quantitative approaches to analysing risk


Regional Reviews

  • Central Asia to Europe pipelines
  • Caspian Sea landlocked countries
  • India, United States, Canada and Mexico: unconventional resources


Day Two: Risk Mitigation and Decision-making

  • Protecting the assets: risk mitigation by safety management systems
  • Milestone, holistic and systematic approaches to risk management
  • Consequences of long-term community unrest
  • Defining context and involvement in risk / opportunity management
  • FEED, EPC and construction risk management processes
  • Competitive bidding for contracts
  • Identifying and analysing specific risks – roles for expert panels
  • Performing & interpreting quantitative risk analysis
  • Geopolitics of Eastern and Western Europe's gas supply
  • Ranking potential events & constructing risk / opportunity profiles
  • Decision trees aid risk analysis of alternative outcomes


Regional Case Reviews

  • OPEC, GECF (Gas Exporting Countries Forum) and Reserves
  • North Africa
  • Russia and Arctic Ocean continental shelf
  • West Africa – oil, gas and LNG


Day Three: Many Facets of Risk

  • Real options for complex and phased decision analysis
  • Politics and risks of emissions targets, climate policies & carbon capture
  • Insurance and contracting strategies to mitigate and transfer risk
  • Terrorism, piracy, kidnapping, extortion and other security risks
  • Devising risk mitigation and opportunity exploitation strategies
  • Risk-sharing and alliances to improve commitment and to spread risks
  • Political conflict & confrontation
  • Risks associated with project finance in petroleum industry
  • Competitive bidding theory versus practice


Regional Case Reviews

  • Colombia – Venezuela - Panama Canal - Trinidad
  • Iran – Qatar-UAE - Oman
  • Iraq (Kurdistan) - Syria – Turkey
  • Central and Eastern Africa


Day Four: Integrated Approaches to Geopolitics and Risk

  • Risks associated with estimating and controlling project costs
  • International oil & gas company performance risks
  • Risk and valuation modelling of oil and gas asset portfolios
  • Exploiting non-conventional oil: environmental and geopolitical risks
  • Canada’s oil sands: national & corporate risks
  • Relevance of enterprise approach to risk management
  • Cross-border permit unitisation disputes and resolutions
  • National oil/gas company strategies, acquisitions and privatisations
  • Corporate and individual appetites and preferences for risk
  • NOC and IOC attributes compared
  • Corporate governance issues for the industry: Enron case study


Regional Case Reviews

  • Alaska's stranded Arctic gas
  • Australasia
  • South America - Southern Cone
  • China, Japan and Vietnam

See related categories

Geopolitics, risk and opportunity in the oil and gas industry

£ 3,960 VAT inc.

The best Oil and Gas Industry courses

See all

See all