Oil & Gas Industry Fundamentals
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Course Details
- Introduction
- Objective
- Who should attend
- Course Location
Oil and natural gas are major industries in the energy market and play an influential role in the global economy as the world's primary fuel sources. The processes and systems involved in producing and distributing oil and gas are highly complex, capital-intensive, and require state-of-the-art technology.
Oil & Gas Industry Fundamentals training course designed in simple layman terms, covers the upstream (exploration and production), midstream, and downstream sectors of the industry. It’s aimed at non-technical people within exploration, production, refining, and service companies, as well as professional advisors, investors, and suppliers. You’ll gain insight into current issues, industry terminology, how money flows through the entire business chain, how different parts of the business interact with each other and with other companies, as well as with external investors.
The course will serve as an orientation to the oil and gas industry. It will provide the jargon used in the industry, the disciplines involved in finding the oil and gas, and bringing all the way to the consumer. The steps in finding oil and gas, drilling for oil and gas, field development, production, processing of the products, transportation, and storage, etc. will be covered. The course will also cover the commercial side of the business.
Course Outline
Essentials of the Industry
- Meaning of petroleum
- Typical oil and gas company objectives
- Industry streams
- World reserves and production
- Peak oil
- Production management
- Quotas and capacities (OPEC/non-OPEC)
- Market distribution and dynamics
- Role of IOCs, NOCs and regulatory bodies
- Glossary of terms
Production Chemistry and Technology
- Role and scope
- Production chemistry
- Elements of production technology
- Reservoir production concepts
- Performance of flowing wells
- Well deliverability and production forecast
- Units and conversions
- Case Study: gas-oil ratio, inflow performance, effect of skin on well productivity