The oil and gas industry employ people with diverse skills, experience and academic backgrounds. But recent studies have shown that key decision-makers are not always familiar with the sector’s technical operations, commercial drivers or the complex jargon and terminology used. This means that industry risks are often not fully understood, which exposes companies to unnecessary and easy-to-avoid pitfalls.
It is an entry-level course designed for professionals seeking business advantages, equipped with a comprehensive understanding of oil and gas industry fundamentals. This course is especially useful to non-technical personnel in departments as diverse as legal, finance, HR, HSE, marketing, IT, non-geoscience and administration, who are not familiar with how the industry functions or the drivers behind it. On the other hand, there are many other businesses and professionals that provide services to the oil and gas industry, including accounting firms, stock brokers, legal firms, recruitment agencies, project management consultants, and secretarial services, that are also foreign to the day-to-day operations of the industry. This course, designed in simple layman terms, covers the upstream (exploration and production), midstream and downstream sectors of the industry, and helps participants to be literate in the oil and gas industry to enhance credibility with colleagues and clients.
Participants will gain insight into current issues, industry terminology, how money flows through the business chain, and how different parts of the business interact with each other and with other companies, as well as with external investors.
What will this course cover?
The course will serve as an orientation to the oil and gas industry. It will explain the jargon used in the industry, the disciplines involved in exploring and producing oil and gas, and how oil reserves make it to the end-consumer. This includes exploring for oil and gas, drilling for oil and gas, field development, production, processing of the products, transportation, storage, and sale. The course will also cover the commercial side of the industry.