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Upstream Economics & Management Certification

60 days EAM/UEMC
Level
Proficiency
Purpose
  • This certifying training is part of a professional carrier development to managerial positions in exploration & production business, requiring specific skills in economics, contracts, taxation, finance, auditing and project management.
    The assessment system is made up of two (02) elements:
  • An entry assessment, covering all topics treated during the training in order to measure the progress of the candidates and does not validate any modules.
  • In order to sanction the certification, at the end of each module from 1 to 12, participants must pass written / oral exams, lasting one hour and a half.
Learning Objectives
  • Upon completion of the course, participants will be able to:
  • Evaluate all aspects of taxation and contracts for upstream assets
  • Develop negotiation skills in petroleum contracts
  • Build advanced economic models for evaluating Exploration-Production projects
  • Incorporate the geological risk and uncertainty in the economic evaluation of E&P projects
  • Identify the value drivers of an unconventional gas development
  • Interpret the different financial statements (income statement and balance sheet) published by oil companies
  • Prepare and conduct a contractual audit
  • Undertake a project cost estimation
  • Effectively manage the project: engineering studies, procurement, construction & commissioning
Prerequisite
  • Are allowed to take part to this certified training only applicants having:
  • A Master's degree or equivalent in engineering, economics, finance or legal with minimum 2 years working experience
  • An engineering degree with a minimum of 2 years working experience
  • A Bachelor's degree with minimum of 5 years working experience
  • Applicants must provide proof validating these prerequisites, eg (copy of engineering degree, Master, Bachelor Degree or equivalent).
Ways and means
  • Case studies simulated on computers:
  • Development of an oil field (under concession and production sharing agreements)
  • Acceleration of production project with or without EOR (Enhanced Oil Recovery)
  • LNG plant project with specific financing
  • Impact of “ringfencing” and the state participation in the decision-making process
  • Valuation of a decision to acquire information (seismic or drilling)
  • Pricing of an exploration bloc
  • Development of a shale gas field
  • Analyze the main corporate financial statements (Profit/Loss and Balance Sheet) issued by oil companies
  • Cost estimation of Exploration & Production projects

UPSTREAM ECONOMICS
Module 1: OVERVIEW OF OIL & GAS CHAIN 5 days
  • International energy scene
  • Upstream economics
  • Oil trading
  • Downstream economics
Module 2: INTRODUCTION TO PETROLEUM ENGINEERING 5 days
  • Reservoir engineering
  • Well intervention
  • Surface facilities
Module 3: CONTRACTUAL & FISCAL FRAMEWORK OF E&P ACTIVITIES 5 days
  • Legal framework
  • Contractual and fiscal framework
  • Main clauses of petroleum contracts
Module 4: JOA & NEGOCIATION OF E&P PATRIMONIAL CONTRACTS 5 days
  • Association agreements
  • Methodology of negotiation
  • Simulation: negotiating a psc
Module 5: NATURAL GAS CHAIN ECONOMICS 5 days
  • Natural gas scene
  • Structure and costs of natural gas chain
  • Long-term gas contracts and lng
  • Different gas markets and strategies of actors
  • Gas spot markets and futures
Module 6: ESTIMATION AND COST CONTROL 5 days
  • Context of upstream projects
  • Project cost estimation methodology
  • Cost control
MANAGEMENT OF UPSTREAM ASSETS
Module 7: ECONOMIC EVALUATION OF EXPLORATION-PRODUCTION PROJECTS 5 days
  • Economic criteria
  • Economic costs analysis
  • Equity profitability analysis and project funding
  • Risk analysis of exploration-production projects
Module 8: UNCONVENTIONAL GAS ECONOMICS 5 days
  • Non conventional gas properties
  • Technical and economical aspects unconventional gas
  • Unconventional gas project economics
  • Strategic and economic impacts of unconventional gas projects
Module 9: PROJECT MANAGEMENT 5 days
  • Introduction to preliminary studies
  • Feed or basic engineering studies
  • Project control and administration
  • Hse and quality management
  • Detail studies and procurement
  • Construction
Module 10: UPSTREAM ACCOUNTING & FINANCIAL MANAGEMENT 5 days
  • Accounting standards
  • Consolidated financial statments
  • Reporting (board)
  • Financial analysis
  • Introduction to audit and financial reporting
Module 11: UPSTREAM CONTRACTS AUDITS 5 days
  • Contractual accounting
  • Association auditing
  • Government auditing
  • Implementing a contractual auditing
Module 12: HUNTING FOR OIL : SIMULATION GAME OF E&P CHAIN 5 days
  • The Hunting For Oil™ (HFO™) course presents a practical overview of the mostly used techniques in of the Upstream Oil & Gas industry, from prospect exploration to field development and production.
  • Participants will learn to select and acquire license blocks, use seismic data, plan drilling activities, develop their field by analyzing technical aspects, and manage the time line, the budget and other critical factors related to field development.