1 day ENE/ICCE
- Oil & Gas professionals with already a good understanding of petroleum markets.
- This course provides an understanding of risks and mitigating strategies to adapt to a changing Oil & Gas environment.
- Upon completion of the course, the participants will be able to:
- identify the main economic, market, environmental and political forces driving Oil & Gas demand, supply, and prices,
- understand the different Oil & Gas prices scenario (including “Black Swan” scenario),
- analyze the impact of Oil & Gas prices on projects and areas,
- apprehend the evolution of E&P companies strategies in uncertain environment.
- Basic knowledge in the areas of oil markets.
Ways and means
- Unconventional LTO project analysis & cost cutting simulation.
- Discussion on E&P strategies.
HYDROCARBONS IN THE GLOBAL ENERGY MIX
- Oil & gas in energy demand.
- Efficiency and consumption: any pic demand in the horizon?
- Oil & gas prices impact on petroleum demand.
OIL & GAS SUPPLY (per area & types of resources): ECONOMICAL, FISCAL, GEOPOLITICAL, TECHNICAL & SOCIAL ISSUES
- Oil & gas supply present status and short term prospects.
- Contribution of “new resources” (conventional, LTO, tar sands, extra heavy oil, deep and ultra-deep).
- Breakeven and financial specifications of projects (Pay Out time, financial exposure, etc.).
- Impact of the price collapse on the financials; rent sharing between governments and companies.
- Beyond the prices, what are the geopolitical, technical and environmental risks?
FUTURE PRICES & PROJECTS: AFTER THE STORM
- Oil & gas prices scenarios (BP, EIA, EM, IEA, OPEP, etc.).
- Black swan scenarios.
- Key issues:
- Will OPEC lose control?
- New gas price mechanism?
- Will Brent and WTI gap narrow?
- How the financial markets will impact crude oil prices?
- What is the link between USD and crude oil?
IN THE MIND OF E&P PLAYERS
- E&P companies’ strategy: being aligned with shareholders (private or public) & lenders.
- Value creation: Economic decisions & economic assumptions.
- Oil & gas E&P strategy in evolving environment:
- Portfolio management,
- Reorganization, outsourcing, Business Unit strategy, etc.
- Defensive mergers.
- Assets mutualisation and partnership.
- Shareholders satisfaction (dividend, share buyback, split).
- Cash management.
- New strategic developments.
- Cost cutting.