Introduction to Petroleum Business - IPB - In House Training

Introduction to Petroleum Business - In-house training by PetroSkillsThis course can be conducted on site at your location exclusively for your staff. You have recently joined the petroleum industry as a technical expert in engineering, geology or human resource (or have worked in the technical area for a few years) and want to understand the nature of the petroleum business and how you will contribute to the financial success of your company. But what is financial success and how is it measured? What resources are available to the industry and who are the competitors? This course will introduce delegates to key concepts of the petroleum business including its structure, how oil companies are organized and financed and what it takes to be financially successful. Success will be explored through an understanding of the meaning of long-term shareholder value, its measurement at the macro and micro level and the role competitive advantage plays in achieving superior financial goals. Delegates will be introduced to both accounting and economic evaluation as a means to understanding the financial side of the petroleum business. Additionally, delegates will be introduced to risk and its impact on economic evaluation. All common accounting and economic terms and metrics will be reviewed. Delegates will learn through lectures, discussion, and hands on exercises. One personal computer is supplied, at added cost, for every two participants. Find out more