Overview of Petroleum Economics within the Energy Transition
EPE-EN-P
Who should attend?
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.
Public :
This course is geared towards people from the energy and petroleum sectors, industrial partners, business men and financiers, as well as public administration staff.
Level :Knowledge
Prerequisite :
Basic knowledge about the oil industry.
Course Content
INTERNATIONAL ENERGY SCENE : OIL AND TRANSITION
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Duration : 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.
Outlook for the oil sector in the energy transition: IEA scenarios, societal pressure, risk of stranded assets, risks for producing countries.
UPSTREAM
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Duration : 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.
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.
Learning Objectives
Attendees will be able to implement the following skills:
describe the different types of energy resources, the supply and demand with the challenges of the oil sector in the energy transition and its actors strategy,
describe the main steps of the upstream sector with the distinction for the different types of oil contracts,
explain the main economic criteria to evaluate a project and understand the operation of the physical and financial oil markets,
explain the evolution of the refining sector and of the petroleum product markets.
Ways & 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.
Learning assessment
Participants will be evaluated during the training through quiz and exercises.
More
Coordinator :IFP Training instructors, with expertise in the field and trained in modern teaching methods adapted to the specific needs of learners from the professional world.
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
IFPT Account
