Global Learning for Operational Leaders
Classroom
12 sessions
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Online / Live
12 sessions
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Introduction
Course overview
The oil and gas industry operates in a dynamic environment shaped by market volatility, technological advancements, regulatory changes, and evolving energy demands. This course provides participants with a comprehensive understanding of the industry's value chain, commercial drivers, project economics, risk management, and strategic decision-making, enabling them to contribute more effectively to upstream, midstream, and downstream operations.
What you will achieve
Learning objectives
- Understand the structure and commercial drivers of the oil and gas industry
- Explain upstream, midstream, and downstream operations and business models
- Evaluate oil and gas projects using financial and economic analysis techniques
- Understand contracting strategies and project development processes
- Apply project risk management principles within oil and gas projects
- Analyze project performance using industry-standard financial indicators
- Assess current industry trends and geopolitical influences on energy markets
Who should attend
Target audience
- Petroleum engineers
- Production and operations engineers
- Project engineers and project managers
- Finance and commercial professionals in oil and gas
- Procurement and contracts professionals
- Business development professionals
- Professionals new to the oil and gas industry
- Target Competencies
Methodology
Learning approach
- The course combines instructor-led presentations, industry case studies, practical exercises, group discussions, project evaluation workshops, financial analysis activities, and real-world examples from the global oil and gas sector.
Course content
Five focused days of learning and application
Day 1
The Oil and Gas Industry and Commercial Environment
- Understanding the structure and value chain of the global oil and gas industry
- Exploring upstream, midstream, and downstream operations and their interrelationships
- Reviewing exploration, field evaluation, production processes, and reserve estimation concepts
- Coffee break
- Reviewing exploration, field evaluation, production processes, and reserve estimation concepts (continued)
- Understanding industry business models, production economics, and operating cost structures
- Examining the commercial drivers that influence investment and operational decisions
- Identifying strategic opportunities and challenges affecting the global energy sector
Day 2
Project Development and Commercial Arrangements
- Understanding contractual and fiscal arrangements used within the oil and gas industry
- Reviewing the roles of international and national oil companies in project development
- Exploring commercial models, investment structures, and risk-sharing mechanisms
- Understanding front-end project planning and development processes
- Coffee break
- Understanding front-end project planning and development processes (continued)
- Identifying common project delivery challenges and mitigation approaches
- Developing effective project governance and project control frameworks
Day 3
Project Economics and Financial Evaluation
- Evaluating investment opportunities using project economic principles
- Understanding cash flow analysis and the time value of money
- Applying financial performance indicators to support investment decisions
- Developing discounted cash flow models for project evaluation
- Coffee break
- Developing discounted cash flow models for project evaluation (continued)
- Understanding cost estimation methodologies and key cost drivers
- Applying earned value management techniques to monitor project performance and progress
Day 4
Risk Management in Oil and Gas Projects
- Understanding the principles and objectives of project risk management
- Applying risk management processes throughout project lifecycles
- Identifying project objectives, uncertainties, and potential threats
- Assessing technical, commercial, operational, and environmental risks
- Coffee break
- Assessing technical, commercial, operational, and environmental risks (continued)
- Developing and maintaining project risk registers and response strategies
- Identifying and engaging key stakeholders to support successful project delivery
Day 5
Industry Trends, Strategic Challenges, and Capstone Case Study
- Examining the impact of unconventional energy developments on global markets
- Analyzing the influence of technological innovation on the oil and gas industry
- Understanding geopolitical factors affecting energy supply, demand, and pricing
- Evaluating strategic challenges facing energy companies in changing market conditions
- Coffee break
- Evaluating strategic challenges facing energy companies in changing market conditions (continued)
- Participating in an integrated case study applying project economics, commercial analysis, and risk management principles
- Course review, lessons learned, and action planning for professional development
FAQ
Frequently asked questions
What does Essential Skills for Oil and Gas Professionals (OG-017) cover?
This course covers Oil and Gas through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 4 - 8 January 2027. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Petroleum engineers, Production and operations engineers, Project engineers and project managers
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Amsterdam, London, Istanbul, Vienna, Barcelona, Paris, Frankfurt.
How long is the training programme?
The programme runs for five days, with up to five training hours per day, from 9:00 AM to 2:00 PM. Each programme includes a total of 25 training hours.
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