Course Outline

Course Outline

The 5-day Executive Mini-MBA in Upstream Oil & Gas

Ref No. Dates Venue Fee (US$)  
OG 004 13 - 17 Apr 2020 London 5000 Register
OG 004 10 - 14 Aug 2020 California 5500 Register
OG 004 12 - 16 Oct 2020 London 5000 Register
OG 004 30 Nov - 04 Dec 2020 New York 5500 Register

The 5-day Executive Mini-MBA in Upstream Oil & Gas


The Oil & Gas industry is characterised by its uncertainties and high levels of investment risk. It is very important that all executives of the Oil & Gas industry have insight to the value chain of the Oil & Gas industry, investment risks, contractual terms and the potential rewards.

Proclad Academy have developed this unique 5-day Executive Mini-MBA in Upstream Oil & Gas training course focusing on current best practice of the oil & gas industry. This training course will serve as a comprehensive introduction for newcomers as well as a useful update and refresher for those with experience in the industry. The training course will help to create an environment of different disciplines to work together to maximize available opportunities.

The key features of Proclad Academy’s 5-day Executive Mini-MBA in Upstream Oil & Gas training course are:

  • Introduction to Entire Value Chain of Oil & Gas Exploration and Development
  • Overview of Various Investment and Economic Evaluation Processes
  • General Contract Terms Common to all Types of Systems and have an Enormous Impact
  • Closer Look at Supply, Demand, Price and Strategic Issues facing the Oil & Gas Industry
  • Negotiation Skills with Specific Reference to the Oil & Gas Industry
Learning Objectives

Participants on Proclad Academy’s 5-day Executive Mini-MBA in Upstream Oil & Gas training course will:

  • Gain insight to the value chain of the Oil & Gas industry from exploration to delivery of products
  • Broaden understanding of the economic, commercial and strategic drivers of Oil & Gas investment
  • Gain valuable insight into the financial management of the Oil & Gas industry
  • Understand the uncertainties and risk involved in Oil & Gas business and help to design mitigation plans
  • Become familiar with the general terms that are encountered in most Oil & Gas industry contracts
  • Understand the contractual rights and obligations of the host government and company or company and contractor
  • Master the key skills for successful Oil & Gas contract negotiations
Target Audience

Proclad Academy’s 5-day Executive Mini-MBA in Upstream Oil & Gas training course is intended for, but not limited to:

  • Oil & Gas Executive Managers
  • Bankers
  • Venture Capitalists
  • Institutional Investors
  • Financial Managers
  • Lawyers
  • Business Development Managers
  • Investment Analysts
  • Procurement Managers
  • Contract Managers
  • Contract Analysts
  • Geoscientists
  • Oil & Gas Engineers
  • Facility Managers
Training Methodology

Proclad Academy’s highly interactive 5-day Executive Mini-MBA in Upstream Oil & Gas training course aims to deliver applied training through a balanced blend of practical learning. A mix of trainer input, practical group exercises and business cases from the whole value chain of the Oil & Gas industry will be used to ensure that the participants leave the course with new skills and knowledge that can be put to use in the workplace straightaway.

Course Outline
  • Petroleum Industry Value Chain
    • Upstream
    • Midstream
    • Downstream
  • Introduction to Subsurface
    • Geophysics
    • Geology
    • Petrophysics
    • Reservoir Engineering
    • Production Engineering
  • Wells
    • Drilling
    • Completions
    • Workovers
  • Reservoir Management
    • Production Management
    • IOR
    • EOR
    • Environmental Issues
  • Petroleum Investment Relationships
    • Resources Ownership
    • Relationship between Resources and Investor
  • Petroleum Economics
    • Introduction to Economics
    • Capital Expenditure
    • Operating Expenses
    • Working Capital
    • Cash Flow
  • Economic Overview
    • Life Cycle of Project Cash Flow
    • Life Cycle of Corporate Cash Flow
    • Economic Indicators
      • Time Value of Money
      • Net Present Value (NPV)
      • Rate of Return
      • Profitability Index
      • Pay Out
    • Economic Modelling
      • Assumptions
      • Uncertainty and Risk
      • Sensitivity and Scenario Analysis
      • Expected Monetary Value Calculations
      • Exploration and Development Decision Process
  • Legal Classifications of Natural Resource Ownership
  • Contractual Agreements
  • Payment/Remuneration Mechanisms
  • Contract Systems
  • Royalty/Tax Systems
  • Production Sharing Contracts
  • Risk/Services Contracts
  • Key Contract Provisions
  • License Areas
  • Work Programs
  • Relinquishment Provisions
  • Measurement and Valuations for Hydrocarbon Royalty Determination
  • Tax In-lieu
  • Ring Fencing
  • Dispute Resolution
  • Comparative Analysis of Contracts
  • The NOCs and IOCs
    • NOC and IOC Business Models
    • Oil Industry Structural Change in the Context of NOC & IOC Relations
    • Oil Supply and Demand
    • Historical overview and Future Trends of Oil Supply & Demand
    • Is Oil Peak Real?
    • How Will Oil Demand Adapt to Supply Limitations
  • Oil Markets
    • Is Oil Price Fixed by Monopolies?
    • Oil Prices and the Market
    • Role of OPEC
  • Sustainable Development Approach
    • Environmentally Viable
    • Socially Bearable
    • Economically Equitable
  • What it Means to be Effective Negotiator
  • Identifying Your Objectives and Strategies
  • Understanding Your Counterpart’s Objectives and Strategies
  • Focusing on Value Creation
  • Understanding the Baseline and Negotiation Positions
  • Exclusive Agreements
    • Joint Ventures
    • Operating & Non-Operating Participants
    • Interest of the Participants
    • The Role of Operator
    • Rights and Duties of the Non-Operators
    • Host Government Rights and Duties
    • Local Content Requirements
    • Liquidated Damages
    • Cross-border Resources and Infrastructure