Fundamentals of Oil and Gas

Understand the energy value chain from upstream exploration to downstream sales. This course provides a comprehensive overview of the oil and gas industry from upstream exploration and production to downstream refining, sales and marketing.

Typical Course Outline

• Oil Industry Overview – a look back and a look forward
• Geographical look at oil and gas reserves and the worldwide demand; current trends in the industry
• The oil and gas Value Chain – upstream, midstream and downstream – and the role each plays

Upstream Operations
 Exploration and exploitation – finding reserves and producing oil
 Terminology of the upstream oil and gas business
 Definition of oil and gas reserves
 The role of worldwide governments in the distribution of oil and gas supplies
 Structuring oil and gas operations; partnerships, joint ventures and contract

Midstream Operations
 Refining Crude Oil
 Marketing and

Downstream Operations
 Selling oil and gas products

• Market and pricing determinants for the Oil and Gas Industry
• Economics of the Oil and Gas Industry
• Understand market shifts in the industry

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