1 day ENE/ICCE
- Oil & Gas professionals with already a good understanding of petroleum markets
- Understand 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 and 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
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 and 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 and 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