Upstream Economics & Management - IFP Training Certificate
Graduate Certificate
EAMC-EN-P
Who should attend?
This 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.
Public :
This course is designed for executives from the upstream sector who require a global picture of all the technical, economic, financial, contractual & audits of exploration and production activities.
Level :Knowledge
Prerequisite :
Are allowed to take part to this 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 Degree or equivalent).
Course Content
UPSTREAM ECONOMICS
Module 1: OVERVIEW OF OIL & GAS CHAIN
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Duration : 5 Days
International energy scene. Upstream economics. Oil trading. Downstream economics.
Module 2: INTRODUCTION TO RESERVOIR ENGINEERING
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Duration : 5 Days
Module 3: INTRODUCTION TO PETROLEUM ENGINEERING
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Duration : 5 Days
Surface facilities. Oil & gas processing.
Module 4: NATURAL GAS CHAIN ECONOMICS
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Duration : 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 5: TRADING OF CRUDE OIL & PETROLEUM PRODUCTS
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Duration : 5 Days
Differentiation of crude oil - Price setting. Finished oil products. Trading and price setting. Trading of oil products-contracts.
Module 6: CONTRACTUAL & FISCAL FRAMEWORK OF EXPLORATION-PRODUCTION
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Duration : 5 Days
Legal framework. Contractual and fiscal framework. Main clauses of petroleum contracts.
Module 7: JOA & NEGOTIATION OF E&P PATRIMONIAL CONTRACTS
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Duration : 5 Days
Association agreements. Methodology of negotiation. Simulation: negotiating a PSC.
MANAGEMENT OF UPSTREAM ASSETS
Module 8: ESTIMATION & COST CONTROL
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Duration : 5 Days
Context of upstream projects. Project cost estimation methodology. Cost control.
Module 9: ECONOMIC EVALUATION OF EXPLORATION & PRODUCTION PROJECTS
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Duration : 5 Days
Economic criteria. Economic costs analysis. Equity profitability analysis and project funding. Risk analysis of Exploration-Production projects.
Module 10: PROJECT MANAGEMENT
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Duration : 5 Days
Introduction to preliminary studies. Feed or basic engineering studies. Project control and administration. HSE and quality management. Detail studies and procurement. Construction.
Accounting standards. Consolidated financial statements. Reporting (board). Financial analysis. Introduction to audit and financial reporting.
Module 12: UPSTREAM CONTRACTS AUDITS
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Duration : 5 Days
Contractual accounting. Association auditing. Government auditing. Implementing a contractual auditing.
Learning Objectives
Attendees will be able to implement the following skills:
Develop negotiation skills in petroleum contracts,
Build advanced economic models for evaluating Exploration-Production projects,
Interpret the different financial statements published by Oil & Gas companies,
Prepare and conduct a contractual audit,
Effectively manage the project: engineering studies, procurement, construction and commissioning.
Ways & Means
Case studies simulated on computers,
Analyze the main corporate financial statements issued by Oil & Gas companies.
Cost estimation of Exploration & Production 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 IFP Training Certificate, at the end of each module from 1 to 12, participants must pass written/oral exams, lasting one hour and a half.
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
