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Course OG-017

Essential Skills for Oil and Gas Professionals

The oil and gas industry operates in a dynamic environment shaped by market volatility, technological advancements, regu... The outline covers The Oil and Gas Industry and Commercial Environment, Project Development and...

  • 5 daysClassroom or online
  • 12Upcoming dates
  • 7Cities
  • €2,210Fees from

Choose your format and date

  • 5 days
  • 09:00–14:00
  • Certificate of attendance

Classroom sessions

  1. 4–8 Jan 2027

    Amsterdam

    Next date
    €2,425 + VAT
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  2. 1–5 Feb 2027

    London

    €2,815 + VAT
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  3. 1–5 Mar 2027

    Istanbul

    Lowest fee
    €2,210 + VAT
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  4. 5–9 Apr 2027

    Vienna

    €3,225 + VAT
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  5. 3–7 May 2027

    Barcelona

    €2,315 + VAT
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  6. 7–11 Jun 2027

    Paris

    €2,810 + VAT
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  7. 5–9 Jul 2027

    Frankfurt

    €2,275 + VAT
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  8. 2–6 Aug 2027

    Barcelona

    €2,315 + VAT
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  9. 6–10 Sep 2027

    Amsterdam

    €2,425 + VAT
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  10. 4–8 Oct 2027

    London

    €2,815 + VAT
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  11. 1–5 Nov 2027

    Istanbul

    Lowest fee
    €2,210 + VAT
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  12. 6–10 Dec 2027

    Vienna

    €3,225 + VAT
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Online / Live sessions

  1. 4–8 Jan 2027

    Live virtual classroom

    Next date
    €1,815 + VAT
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  2. 1–5 Feb 2027

    Live virtual classroom

    €1,815 + VAT
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  3. 1–5 Mar 2027

    Live virtual classroom

    €1,815 + VAT
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  4. 5–9 Apr 2027

    Live virtual classroom

    €1,815 + VAT
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  5. 3–7 May 2027

    Live virtual classroom

    €1,815 + VAT
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  6. 7–11 Jun 2027

    Live virtual classroom

    €1,815 + VAT
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  7. 5–9 Jul 2027

    Live virtual classroom

    €1,815 + VAT
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  8. 2–6 Aug 2027

    Live virtual classroom

    €1,815 + VAT
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  9. 6–10 Sep 2027

    Live virtual classroom

    €1,815 + VAT
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  10. 4–8 Oct 2027

    Live virtual classroom

    €1,815 + VAT
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  11. 1–5 Nov 2027

    Live virtual classroom

    €1,815 + VAT
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  12. 6–10 Dec 2027

    Live virtual classroom

    €1,815 + VAT
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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.

View full course outline

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

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.

Complete course outline

Five focused days of learning and application

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Day 1

The Oil and Gas Industry and Commercial Environment

  1. Understanding the structure and value chain of the global oil and gas industry
  2. Exploring upstream, midstream, and downstream operations and their interrelationships
  3. Reviewing exploration, field evaluation, production processes, and reserve estimation concepts
  4. Coffee break
  5. Reviewing exploration, field evaluation, production processes, and reserve estimation concepts (continued)
  6. Understanding industry business models, production economics, and operating cost structures
  7. Examining the commercial drivers that influence investment and operational decisions
  8. Identifying strategic opportunities and challenges affecting the global energy sector

Day 2

Project Development and Commercial Arrangements

  1. Understanding contractual and fiscal arrangements used within the oil and gas industry
  2. Reviewing the roles of international and national oil companies in project development
  3. Exploring commercial models, investment structures, and risk-sharing mechanisms
  4. Understanding front-end project planning and development processes
  5. Coffee break
  6. Understanding front-end project planning and development processes (continued)
  7. Identifying common project delivery challenges and mitigation approaches
  8. Developing effective project governance and project control frameworks

Day 3

Project Economics and Financial Evaluation

  1. Evaluating investment opportunities using project economic principles
  2. Understanding cash flow analysis and the time value of money
  3. Applying financial performance indicators to support investment decisions
  4. Developing discounted cash flow models for project evaluation
  5. Coffee break
  6. Developing discounted cash flow models for project evaluation (continued)
  7. Understanding cost estimation methodologies and key cost drivers
  8. Applying earned value management techniques to monitor project performance and progress

Day 4

Risk Management in Oil and Gas Projects

  1. Understanding the principles and objectives of project risk management
  2. Applying risk management processes throughout project lifecycles
  3. Identifying project objectives, uncertainties, and potential threats
  4. Assessing technical, commercial, operational, and environmental risks
  5. Coffee break
  6. Assessing technical, commercial, operational, and environmental risks (continued)
  7. Developing and maintaining project risk registers and response strategies
  8. Identifying and engaging key stakeholders to support successful project delivery

Day 5

Industry Trends, Strategic Challenges, and Capstone Case Study

  1. Examining the impact of unconventional energy developments on global markets
  2. Analyzing the influence of technological innovation on the oil and gas industry
  3. Understanding geopolitical factors affecting energy supply, demand, and pricing
  4. Evaluating strategic challenges facing energy companies in changing market conditions
  5. Coffee break
  6. Evaluating strategic challenges facing energy companies in changing market conditions (continued)
  7. Participating in an integrated case study applying project economics, commercial analysis, and risk management principles
  8. Course review, lessons learned, and action planning for professional development

Ready to book?

Essential Skills for Oil and Gas Professionals

Next session: 4 - 8 January 2027, Amsterdam

Course FAQs

Questions about this course

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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 from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).