4 days ENE/OPE
- This course is geared towards people from the energy and petroleum sectors, industrial partners, business men and financiers, as well as public administration staff.
- This course aims to provide an overview of the petroleum sector so that participants may understand the oil operations and business, from upstream to downstream, and identify economic challenges.
- Upon completion of the course, participants will be able to:
- describe the different types of energy resources (conventional, unconventional, renewable & fossil),
- interpret the evolution of the factors affecting the energy supply and demand (crude prices, technology, reserves, geopolitics, geography, environment, etc.),
- identify the actors of the energy scene and their strategic guidelines,
- describe the main steps of the upstream sector,
- distinguish the different types of oil contracts and explain the main economic criteria to evaluate a project,
- summarize the operation of the physical and financial oil markets,
- explain the evolution of the refining sector and of the petroleum product markets.
- No prerequisites for this course.
Ways and means
- Quiz and serious game on the fundamentals of the energy sector,
- Case study on the economic evaluation of an E&P project,
- Exercises on cargo transportation costs, hedging, and refining margins,
- Team games on factors affecting crude prices, the upstream sector, and oil trading.
INTERNATIONAL ENERGY SCENE 1 day
- Energy resources: definition, characteristics, conversion factor.
- Energy demand and supply: evolution factors (reserves, technology, etc.) and scenarios.
- History of the oil industry.
- Determinants impacting crude oil prices today.
- Strategies of actors: producer and consumer countries, national, independent and international oil companies, international organizations (OPEC, IEA, etc.).
- Financial and political stakes, geographical and environment constraints.
UPSTREAM 1 day
- Stages and technico-economic aspects of the Exploration-Production.
- Reserve evaluation.
- Economic criteria and evaluation method of an oil project.
- Oil contracts and principle of the oil rent sharing.
MIDSTREAM 1 day
- Business practices and pricing.
- Physical markets (spot, forward): operation, reporting agencies.
- Introduction to incoterms.
- Pricing a cargo, freight rates.
- Financial markets (futures): operation, hedging.
DOWNSTREAM 1 day
- Refining processes and units.
- Refining capacities, projects, strategies of actors.
- Economic aspects of the refining sector: investments, costs and margins.
- Environmental constraints, alternative fuels.
- Petroleum product markets and marketing.