Downstream economics & management - IFP Training Certificate

Graduate Certificate
EAVC-EN-P

Who should attend?

  • This training is part of a professional carrier development to managerial positions in dowstream business, requiring specific skills in refining economics, linear programming, oil trading, logistics and finance, and auditing downstream activities.
Public :
  • This course is designed for executives from the downstream sector who require a global picture of all the technical, economic, financial, contractual & audits of downstream business activities.

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.
  • A bachelor’s degree with minimum of 5 years working experience.
  • Applicants must provide proof validating these prerequisites, e.g. (copy of engineering degree, Master, bachelor’s degree or equivalent).

Course Content

    PART I: BACKGROUND AND FUNDAMENTALS OF THE OIL CHAIN (10 days)
  • Module 1: INTRODUCTION TO EXPLORATION-PRODUCTION - Duration : 5 Days

      • Reservoir engineering. Well intervention. Surface facilities.
  • Module 2.A: OVERVIEW OF OIL & GAS CHAIN - Duration : 3 Days

      • International energy scene. Upstream economics. Oil trading. Downstream economics.
  • Module 2.B: CASE STUDIES - Duration : 3 Days

      • Based on a set of up-to-date documents (reports, articles, contracts) related to refining business, participants work in sub-groups to prepare a presentation.
    PART II: TECHNICAL AND ECONOMIC FRAMEWORK OF DOWNSTREAM ACTIVITIES (20 days)
  • Module 3: FUNDAMENTALS OF REFINING & PETROCHEMICALS - Duration : 5 Days

      • Refining processing. Petroleum product quality. Refining schemes.
  • Module 4: ECONOMIC FRAMEWORK OF DOWNSTREAM ACTIVIVES - Duration : 4 Days

      • Global refining markets. Refining margins. Downstream economics.
  • Module 5: LINEAR PROGRAMMING - Duration : 3 Days

      • Optimization. Excel Solver. Linear programming models.
  • Module 6: PETROCHEMICAL ECONOMICS - Duration : 3 Days

      • Petrochemical process. Petrochemical markets & economics.
  • Module 7: OIL STORAGE FACILITIES - Duration : 5 Days

      • Petroleum products. Atmospheric storage. Control & risk management.
    PART III: DOWNSTREAM OIL TRADING & CONTRACTUAL FRAMEWORK (15 days)
  • Module 8: OIL PRICES TRANSMISSION MECHANISMS - Duration : 5 Days

      • Main factors influencing the price of crude oil and petroleum products. Macroeconomic factors on crude and product prices.
  • Module 9: TRADING OF CRUDE OIL & PETROLEUM PRODUCTS - Duration : 5 Days

      • Differentiation of crude oil - Price setting. Finished oil products. Trading and price setting. Trading of oil products contracts.
  • Module 10: DOWNSTREAM LOGISTICS - Duration : 5 Days

      • Technical aspects of logistics. Economic aspects of a logistics chain.
    PART IV: ECONOMIC ANALYSIS OF DOWNSTREAM OIL PROJECTS (15 days)
  • Module 11: DOWNSTREAM ACCOUNTING & FINANCIAL MANAGEMENT - Duration : 5 Days

      • Accounting standards. Consolidated financial statements. Reporting (board). Financial analysis.
  • Module 12: DOWNSTREAM AUDITING - Duration : 6 Days

      • Introduction to audit and financial reporting. Implementing a contractual auditing.
  • Module 13: PROFITABILITY ANALYSIS OF DOWNSTREAM PROJECTS - Duration : 4 Days

      • Economic criteria. Economic costs analysis. Equity profitability analysis and project funding. Risk analysis of downstream projects.

Learning Objectives

  • Attendees will be able to implement the following skills:
  • Explain the roles of the various refining units, their interdependence and the operating conditions of the main units.
  • Identify the economic issues and the main parameters influencing refinery profitability,
  • Design and use refinery management and optimization tools to increase productivity,
  • Identify the interactions between the petrochemical sector and other oil sectors.
  • Appreciate the various risks associated with trading petroleum products,
  • Analyzing the economic aspects of a logistics chain,
  • Analyze a company's accounting publications,
  • Analyze economic results and carry out sensitivity studies.

Ways & Means

  • Case studies simulated on computers,
  • Analyze the main corporate financial statements issued by Oil & Gas companies.
  • Cost estimation of downstream projects.

Learning assessment

  • 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 13, participants must pass written/oral exams, lasting one hour and a half.

More

Coordinator :IFP Training trainers having expertise and industrial experience in economics, finance and auditing of exploration-production activities.

To French entities : IFP Training is referenced to DataDock ; you may contact your OPCO about potential funding. Please contact our disabled persons referent to check the accessibility of this training program : referent.handicap@ifptraining.com