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Upstream Economics & Management Certification

Upstream Economics & Management Certification

60 days
EAM/UEMC
Sessions
This course is not scheduled.
Who should attend?

Level

  • Foundation
  • 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,
  • 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.
Course Content
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: 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 4: TRADING OF CRUDE OIL & PETROLEUM PRODUCTS

5 days

  • Differenciation of crude oil - Price setting. Finished oil products. Trading and price setting. Trading of oil products-contracts.

Module 5: CONTRACTUAL & FISCAL FRAMEWORK OF EXPLORATION-PRODUCTION

5 days

  • Legal framework. Contractual and fiscal framework. Main clauses of petroleum contracts.

Module 6: JOA & NEGOCIATION OF E&P PATRIMONIAL CONTRACTS

5 days

  • Association agreements. Methodology of negotiation. Simulation: negotiating a PSC.
MANAGEMENT OF UPSTREAM ASSETS

Module 7: ESTIMATION & COST CONTROL

5 days

  • Context of upstream projects. Project cost estimation methodology. Cost control.

Module 8: 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 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 statements. 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.
Ways & 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,
  • pricing of an exploration bloc,
  • analyze the main corporate financial statements (Profit/Loss and Balance Sheet) issued by oil companies,
  • cost estimation of Exploration & Production projects.
Certification
  • Une reconnaissance au niveau international.
  • L’obtention d’un Graduate Certificate.
  • Une expertise confirmée E-078C - Upstream Economics & Management Certification.
  • Des compétences applicables en milieu professionnel.