E&P Companies in Changing EnvironmentEAM/ICCE

Who should attend?

  • This course provides an understanding of risks and mitigating strategies to adapt to a changing Oil & Gas environment.
Audience :
  • Oil & Gas professionals with already a good understanding of petroleum markets.

Level : Proficiency

Course Content

  • 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 mutualization and partnership.
      • Shareholders satisfaction (dividend, share buyback, split).
      • Cash management.
      • New strategic developments.
      • Cost cutting.

Learning Objectives

  • 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.

Ways & Means

  • Unconventional LTO project analysis & cost cutting simulation.
  • Discussion on E&P strategies.