Training

Today, large projects in the oil and gas industry face daunting challenges as they become increasingly complex, innovative and technologically demanding.  Project decision and strategy making allows the determination of the basic long-term goals and objectives of an enterprise.  It is more and more important that the correct project selection is made, that the benefits are clearly set out and understood at the outset and that the project is planned appropriately to support good delivery.

Key areas covered include:

Project Sanctioning and Approval Process (PSAP)

Understand structural and systematic aspects of project planning and execution used on Oil and Gas projects

Identify with and understand reasons for project failures and successes (using examples)

Comprehend how project success is identified and measured

Gain familiarisation with Project Financing Methods & Financial modelling  

Understanding the need for continual decision-making through the project life cycle

 

Who should attend

Senior Management Decision Makers

Commercial Management

Financial Management

Project Management Professionals

Senior business services professionals who hold responsibility for projects and costs in client and contracting companies

Seminar Outline

DAY 1

Concepts of Project Management & Intricacies of Project Approval in Oil & Gas Industry

Projects and Programmes

Project Life Cycles and Stage Gates

Project Sanctioning and Approval Process (PSAP) for the Oil & Gas Industry

Development of the Strategic Project Business Case

Project Identification – Awareness of Accountability of Project Ideas

Exploratory Decision Analysis

DAY 2

Project Context For Oil & Gas Projects

Appreciation of Macro-Environment in relation to project choice

Understand Who stakeholders are and How they may impact upon the project

Regulatory Framework, Institutional Factors and Infrastructure

Project Feasibility Decision Makers

Project Preparation & Planning Responsibilities

DAY 3

Project Financial Modelling and Project Leadership Skills

Structuring Project Finance Deals

Financing / Credit risk considerations for the Oil & Gas project

The Time Value of Money – how it applies to project finance

Yields and Rate of Return – Discounted Cash Flow (DCF) Analysis

Build an Executive Leadership Style that guides the project toward greater performance and profit

Understand the Project Organisation in a typical Oil & Gas project

Project Manager – Unique Requirements

DAY 4

Identify Reasons For Project Failures & Prepare for Successful Delivery and Integration

Understand Why some projects fail

Gain an Understanding of Successful Projects and Analyse Reasons for Success

Development of the Project Charter

Define Success Criteria and KPI’s of an example Oil & Gas Project

Capture Project Requirements

Understand the Need for a Project Team Approach

Importance of Communication in an Oil & Gas project

Working Collaboratively

DAY 5

Development Project Stakeholder Relationships & Project Communication

Identify and Plan to engage with the Project’s Key Stakeholders

Creating Project Dashboards

Presenting Decisions to the Project Board

Recognising need for Project Recovery

Control Decision-making

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

Projects within the Oil & Gas sector face many prominent issues and the challenge of delivering projects has become more and more difficult. The challenges are increasingly complex; delivering innovative and technological solutions where schedules are compressed, budgets looking for cost efficiencies, safety is crucial and a network of stakeholders concerned about its impact on the environment and communities.

Key areas covered include:

Understand the importance of clear requirements for project delivery within the Oil & Gas industry

Understand structural and systematic aspects of project planning and execution that can be used

Relate to best practice project management philosophies

Comprehend how project success is measured with emphasis on time, cost, quality and scope

Perform analytical techniques of project management using best-practice techniques

Understand the need for the project manager to be leading and managing project teams

Who should Attend

Programme and Project managers

Project Support Managers

Senior Project Control Professionals with responsibility for managing project schedules and costs

Project Lead Engineers who manage packages of work

Seminar Outline 

Day One: Preparing for Project Delivery

Understand who the key stakeholders are and how they may impact upon the project

Consider implications of unclear needs and expectations

Understand the project success criteria and how the project will be measured as successful

Define the project requirements

Develop the scope – using product and work breakdown structures

Utilise relevant techniques for project estimating

 

Day Two: Project Planning – Schedule, Cost & Resources

Develop a network diagram

Developing the precedence Network Diagram with Total and Free Float calculations

Develop a Gantt Chart –the schedule baseline

Understand how to estimate project cost baseline

Familiarise yourself with different Contract types according to risk distribution

Learn the difference between Fixed Price & Cost-Plus Contracts

Resource Allocation Algorithms for Resource Prioritisation

Planning and Scheduling Limited Resources

Options for accelerating the schedule and how to deliver

 

Day Three: Manage Risks & Resources

Risk Management Process & Model

Identifying Potential Risk Events typical in an Oil & Gas project

Understand qualitative and quantitative analysis techniques

Design appropriate risk response planning strategies

Challenges of an Oil & Gas project team

Learn about different leadership models

Dynamics of Team Development & motivation

 

Day Four: Managing Project Changes while Maintaining Quality

Managing change in projects

Understanding the best-practice change processes used in projects

Tracking the project – using Earned Value Management (EVM)

Managing Variable Conditions – managing the tensions

Learn about the critical chain and its growing popularity in the Oil & Gas industry

The benefits of utilising a Project Support Office

Project Reviews

Learn about Project Quality Management

Differentiate between Quality Planning, Assurance & Control

Understand how quality tools can be used

 

Day Five: Staying Focused, Delivering and Closing your Project

Recognising the operational considerations that need to be met and prepared for

Learn about Project Cost and Schedule Recovery Techniques relevant to the Oil & Gas industry

The implications of late recovery practices

Project Management Reporting

Project Handover & closure

Lessons Learned

 

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

This Leadership & Strategic Thinking training course has been specifically designed for experienced individuals wanting to develop their leadership and strategic thinking skills within the increasingly complex and fast changing oil, gas & petrochemical industry. The elements of this Peakware course provide a structured and coherent framework for identifying and responding to new opportunities.  It enables participants to respond to the challenge of linking strategies to profitable growth objectives within these 3 sectors.

The global oil, gas & petrochemical business is undergoing significant change in all dimensions – supply/demand balance, competition, technologies, organisational structures, government policies. It is therefore imperative for business leaders to be able to identify new opportunities and successfully navigate the evolving risk landscape to become the top performers of tomorrow.

By the end of this training course, participants will be able to:

Appreciate and understand each of the 3 dimensions of the course – (i) oil, gas and petrochemical trends, (ii) leadership, (iii) strategic thinking

Develop strategies and recognise the linkage of strategy to achieving and sustaining profitable growth

Evaluate and apply key strategic planning frameworks

Improve leadership skills to create a systematic approach to business analysis

Identify priorities for continued personal and team development

Who should attend?

Strategic and operational planning specialists

Financial managers and financial analysts

Business development specialists

Sales and marketing staff

Logistics and supply chain specialists

Human resource specialists

Day One: Leadership in the Oil, Gas and Petrochemical Industry

Competency Description: As a leader within your organisation you play a key role in guiding and inspiring your team to achieve highest performance standards.

Key behaviours

Creating a team spirit

Demonstrating personal commitment and example

Identifying and communicating key goals

Clarifying the nature and direction of change

Gaining the active support of your team members

Topics to be covered

The differences between leadership and management

What do we mean by leadership in these sectors?

Turning leadership theory into leadership action

Leadership styles and managing your impact as a leader

Why would anyone want to be led by you?

Case example / case study

Day Two: The Oil, Gas and Petrochemical Industry – Challenges and Opportunities

Competency Description: Leadership involves demonstrating a deep understanding of the main trends and business drivers in your industry.

Key behaviours

Understanding and explaining major trends in the business

Clarifying the main changes that your team faces

Identifying the main challenges for your team

Indicating the main opportunities to be taken

Outlining the strategic impact of the activities of your team

Topics to be covered

Macroeconomic relationships – companies, governments, institutions

What is driving structural shift in each sector?

OPEC and non-OPEC players and the major markets

Strategic challenges and opportunities facing the industry

Organisational design and business models

Case example / case study

Day Three: Strategic Thinking in the Oil, Gas and Petrochemical Industry

Competency Description: You have a prime responsibility for enabling your team to understand the basics of business strategy and their role in implementing this.

Key behaviours

Ensuring your team’s understanding of the nature of strategy

Explaining how your team members can contribute to strategic thinking

Introducing your team to the main tools and techniques of planning

Enabling team members to contribute to writing a strategic plan

Defining the individual roles of team members in implementing strategy

Topics to be covered

What is strategy and why does it matter?

Integration and alignment of strategic and operational management

Analytical and problem solving frameworks

The central concept of profitable growth

Developing a strategic plan

Monitoring strategic performance

Case example / case study

Day Four: Contributing to an Analysis of Strategic Risk

Competency Description: Creating a capability in each of your team members in the sphere of risk analysis is a critical leadership challenge.

Key behaviours

Introducing your team to the different types of business risk

Explaining risk analysis and risk management as a process

Demonstrating how to assess and deal with different risks

Introducing risk awareness into all activities of your team

Ensuring that your team develops its knowledge as this topic changes

Topics to be covered

What is strategic risk and why is it important?

Understanding the risk management process

The main tools and techniques of risk analysis and risk management

Application of the risk management process at the strategic level

How to develop your strategic risk management regime

Case example / case study

Day Five: Oil, Gas and Petrochemical Leadership and Strategic Thinking Workshop

Competency Description: As a leader you will need to ensure that your own and your team’s development of strategic thinking deepens as business conditions change.

Key behaviours

Emphasising the balance of analytical and creative strategic thinking

Encouraging your team members to deepen their knowledge of strategy

Designing regular workshops to update your team’s knowledge and skills

Coaching and mentoring of individual team members

Developing your own knowledge of best practice in leadership

Topics to be covered

Strategic leadership for team development

Innovative leadership skills

Developing a strategic thinking culture in your team

Case study to synthesise the whole course

Key learnings and course summary

Developing a personal plan to apply this course in your organisation

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

Corporations involved in the energy sector need executives who understand the extreme volatility of global energy markets and how to manage the financial risks created by changing energy prices.  This Peakware training course is designed to give participants an in-depth understanding of energy finance by addressing three areas of finance in an energy context:  Pricing, asset valuation and risk management.  The training course will increase your comprehension of the energy markets, as well as demonstrate how to model and forecast energy and forward/futures prices.  The Peakware training course will build knowledge of energy-related derivatives, including the different derivative products and how to apply them in the energy markets to develop hedging and risk management strategies.

 

The objectives of this training course are to give an introduction into the basics of energy trading as well as price formation mechanism in the oil and gas industry and to introduce delegates to the manner by which energy corporations manage their business risk (esp. price) exposures, and the derivative securities which can be utilized for this purpose:

General overview about trading (terminology, tools, etc.)

Overview of energy markets

Principles of risk management: Objectives and tools

Proper role of derivatives in firms’ risk management

Differences between exchange and OTC Markets           

Who should attend?

Financial analysts

Quantitative analysts or researchers

Energy traders dealing with commodities

Risk Managers dealing with commodities

Commercial and investment bankers dealing with commodities

Consultants in the commodity arena

Government and regulatory officials, esp. those with responsibilities for the energy sector

Seminar Outline

Day One:  The Current State of the Equity and Commodity Markets – The “Message from Markets”

Measuring Nervousness/Uncertainty of Equity and Commodity Markets

The Crude-Oil Markets

Level and Slope of Crude-Oil Futures Markets

Impact of Economic/Financial/Geopolitical Events on Implied Volatilities in the Crude-Oil Market

Impact of Seasonality on Global NatGas Markets

Future Inflation Rates

Quantifying Future Inflation Rates

Energy Prices and Inflationary Pressures

The Refining Spread and Retail Gasoline Prices

The Domestic NatGas Market: The Impact of Seasonality

The March/April 2007 Futures Contracts

Day Two:  Overview of Risk Management

Fundamentals of Forwards and Futures Contracts:  Definition, Payoff Diagram, Pricing by Arbitrage

Forward/Futures Prices and Forecast Prices

Risk-Management from a Corporate Perspective:

Commodity Swaps

Day Three: Option Pricing

Payoffs and Put-Call Parity

Black-Scholes Formula

Option “Sensitivities” (the “Greeks”); Delta and Gamma

The Binomial Model and the Valuation of American-Style Options

Real Options in Energy Markets:  Power Plants as a Strip of Spark Spread Options; Oil Fields as the Valuation of an Extraction Option

Day Four: Estimating the Price Process in Energy Markets

Historical Volatility; The Term Structure of Volatility (TSOV)

Estimating Volatility from Market Prices of Options in Energy Markets

Historical or Implied Vols?

Estimating a Mean-Reverting Process

Characterizing the Volatility “Surface” Across Time and Strike

Jump-Diffusion Process

The Need to Extrapolate in Energy Finance:  Valuation of Long-Dated Real Assets and Financial Structured Products; Extrapolating Crude-Oil Prices; Extrapolating Natural-Gas Prices; Extrapolating the Term Structure of Volatilities (TSOV); Extrapolating Correlations

VAR and CVAR (Credit Value-at-Risk) in the Energy Industry

Day Five: Energy Derivative Products:  The Role of Structuring, Calibration, Valuation and Hedging in Profitable Market-Making

Commercial Structured Products

Categorizing derivative products:  option collars, average options, spread options, swing options, weather derivatives, commodity-linked bonds; “Swing” Options; Weather Derivatives

Structuring and valuing option collars

Structuring and valuing average (Asian) options

Example of calibration:  Using vanilla options to determine the value of volatility for valuation of average options

Non-Commercial Structured Products

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

This Offshore Structure Design, Construction & Maintenance training course will review the fundamentals behind all types of fixed offshore structures and, in the case of fixed platforms, will cover applications of these principles. The overall objective is to provide participants with an understanding of the design, construction and risk based maintenance for offshore platforms, specifically, the theory and process of such design and the use of current applicable engineering methods in the design of fixed offshore platforms.

This training course will feature:

Case studies on petroleum industry

Codes and standards with technical practice

The new trend of integrity management system

The engineering and pitfalls in construction

The pushover structure analysis technique

ROV under water inspection and CP system design

Who should attend?

Design structural engineers

Supervision engineer

Planners

Steel fabricator

Construction engineers

Project engineers

Seminar Outline

Day One: Introduction

Competency Description: As an engineer, you need to know the main element of offshore steel structure design.

Key behaviours:

Understand the steps of design for steel structure

Understand the different steel structure system

Understand the codes and standards

Topics to be covered:

Introduction

Principal of project management for fixed offshore structure platform

Different types of fixed offshore structure

Loads effects on Fixed offshore structure

Design Parameters Specifications   

Applied load by ISO19002 and APIRP2A

Day Two: Steel Member Design

Competency Description: As an engineer, you need to know the design of the main element of the steel structure.

Key behaviours:

Understand the geotechnical investigation offshore

Understand the offshore steel structure system

Understand the loads affect the platform

Topics to be covered:

General Design Considerations

Basics design of fixed offshore platforms

Offshore Site Investigation

Wave Theories, Spectral Analysis Application

Wind and Wave Forces, Computational Hydrodynamics

Buoyancy and Stability

Geotechnical Engineering for offshore structure

Day Three: Connection Design

Competency Description: As an offshore structural engineer, you need to know the ways of design and constructing the pile.

Key behaviours:

Understand the pile design

Understand the geotechnical investigation

Understand the overview the differences between the different softwares

Topics to be covered:

Offshore Piles design philosophy

Basics of Earthquake and Seismic Analysis with API approach

Fundamental Concepts and Case Studies for Laterally Loaded Piles

Design of Pile Foundations for Axial Loading

Concept of design steps by computer software as (SACS, SESAM, etc)

Day Four: Steel Construction and Maintenance

Competency Description: As a structural engineer, you need to know the ways of constructing the jacket ad topside.

Key behaviours:

Understand the construction steps

Understand the ways of QC for steel structure

Understand the design of lifting, pull out and launching.

Topics to be covered:

Pushover analysis

Pipeline subsea installation

Design of Tubular Members

Welding & Fatigue

Topsides and jacket design

Different types of jacket

Basic concepts of dynamic analysis

Soil Dynamics & Mudslides

Platform construction (Case study)

Day Five: Offshore Structure Integrity

Competency Description: As an engineer, you need to know the integrity management system for offshore structure.

Key behaviours:

Understand the ways of repair

Understand the approach of RBI

Understand the overview about the sustainable structure

Topics to be covered:

Structural Reliability

Load Out Transportation & Installation

Structure integrity principal                            

Cathodic protection design and anode retrofit

Risk based maintenance and ROV inspection technique

 

Cost: $5,200

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

Participants on this training course will gain a good understanding of how oil and gas companies manage the strategic goals of their business, which typically include the acquisition and operation of multiple oil and gas assets (fields and reservoirs).

The training course is designed to equip early- and mid-career professionals for future business leadership roles within international oil and gas exploration and production organisations, and is also of great benefit to other professionals who need to understand the strategic goals and business methods of oil and gas companies.

Who should attend?

The training course is particularly suitable for oil and gas professionals who want to:

Gain an understanding of how their role fits into the ‘bigger picture’ of asset development, and the oil business in general

Prepare for greater involvement and leadership roles in field development, strategic management and decision making

Equip themselves for working within close-knit, value-focused, multi-disciplinary, fully-integrated asset development teams working on complex, large-scale projects

Gain an understanding of the very broad scope of field development engineering, and the complexity and challenges of facilities engineering on mega projects

Seminar Outline

Day One: Overview and Context to Upstream Strategic Management

The industry context to strategic management.  The upstream oil and gas industry from various key ‘perspectives’, such as the oil and gas asset lifecycle, the value chain, the industry players, and the place in society.

The professional context to strategic management.  Overview of the fundamental geoscience and engineering disciplines, which form the basis of the industry, and which fall within the remit of strategic management, including geophysics, petrophysics, reservoir engineering, well engineering and facilities engineering.

Strategic management in the upstream oil and gas industry. Overview of the science, culture, practice and challenges of strategic management in the upstream oil and gas sector. 

Day Two: Licences and Petroleum Resources Management and Reporting

Production contracts & licences.  The legal, fiscal and contractual conditions under which an oil company acquires the right to produce oil or gas, and the way that the revenue and wealth is shared with the host country.

Petroleum resources management. How quantities of oil and gas in the reservoir (reserves and resources) are calculated, classified and reported in a consistent manner for management, regulatory and investment and purposes.

Strategic management workshop.  Participants work individually, or in teams, on realistic strategic management, field development planning, economics and decision making exercises.

Day Three: Field Development Planning and Economics

Field development planning. How the integrated, team, drawn from all disciplines (commercial, scientific and engineering) collaborate to identify the best way to develop a reservoir.

Petroleum economics. The role of economics in the planning of oil and gas developments, in order to maximise value, including the use of cash flow analysis, time value of money and investment indicators.

Decision analysis. How the integrated field development team make complex decisions, involving many different types of input parameters, in order to ensure that very large investments are made rationally and efficiently, using tools such as expected value, sensitivity analysis, decision trees and Monte Carlo simulation.

Strategic management workshop.  Participants work individually, or in teams, on realistic strategic management, field development planning, economics and decision making exercises.

Day Four: Market and Competitor Analysis

The oil and gas market.  The fundamental characteristics of the oil and gas market, including pricing, reserves distribution and demand, on which the strategic management function bases its judgment of key parameters affecting economic evaluations of project and company performance.

Business information and competition analysis.  The business information and analysis that the strategic management function of oil and gas companies rely on to direct the enterprise on a sustainable course, and compare, and learn from, the performance and efficiency of market competitors.

Portfolio management. Advanced economics and decision making methodologies, originating in the financial (stocks and shares) industry, increasingly finding application for the strategic management of portfolios of oil and gas assets, including: Portfolio Theory; Options Theory and Preference (Utility) Theory.

Strategic management workshop.  Participants work individually, or in teams, on realistic strategic management, field development planning, economics and decision making exercises.

Day Five: Corporate Responsibility and Sustainability

Corporate responsibility.  How oil and gas projects are executed in a safe and sustainable manner, with due respect for the environment, and it a way that benefits the local communities in which activities take place, covering topics such as: safety, environmental impact and social licence to operate.

Strategic management workshop.  Participants work individually, or in teams, on realistic strategic management, field development planning, economics and decision making exercises.

 

Cost: $4,800

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

For the successful operation of the FPSO it is of vital importance to understand the process from the wellhead through the topside process, storage and offload. Often putting together an operations team receives scarce publicity despite being one of the most important steps to a successful project. This 5-day training course will present the process from the wellhead through topside process, storage and offload.

The FPSO Operation and Maintenance training course will focus on the key technical challenges and risks associated the operation and maintenance of an FPSO. It will arm the participant with a wealth of knowledge to help them advance their project.

 This training course will feature:

Operation and maintenance – Guidance and General Requirements

Environmental Influences affecting FPSO operation

Cargo and ballast tanks

Offloading operations

Control and safety systems

Safety in operation and maintenance

 Who should attend?

Technical staff

Project engineers

Engineering discipline leads

Engineering specialists, and operating staff

Maintenance technicians

Supervisors and Managers

Non-Engineering personnel

Day One: Introduction to Floating Production, Storage and Offload

Competency Description: The objective is to understand the key considerations of design, operation and maintenance requirements of the FPSO.

Key behaviours

Identify the key characteristics of an FPSO

Understand the applicable rules and regulations

Comprehend the operation strategy

Be familiar with the objectives of the maintenance strategy

Understand the topside process system equipment and interfaces

Topics to be covered

Introduction to FPSO design and technology

Rules, regulations, codes and standards

Operation requirements

Maintenance – guidance and general requirements

Plant inspection

Plans procedures and records

Processing operations

FPSO process system

Day Two: Environmental and Design Aspects affecting Operation

Competency Description: The ocean environment has a profound impact on the FPSO topside process plant operation, helicopter operations, offloading operations, crew comfort and safety and mooring arrangements. The objective is to understand the influence of loads on structural integrity, behaviour and performance of the topsides equipment.

Key behaviours

Be aware of the impact of the ocean environment on the operability of processing equipment

Prevent corrosion and increased risk of reduced integrity by proper hull structure assessment

Understand the ship motion, acceleration and deflection affecting topsides

Recognize the deterioration of mooring lines

Understand the turret swivel system and main bearing integrity

Topics to be covered

Corrosion and corrosion protection

Stress buckling and fatigue

Hull structural assessment

Topsides

Mooring lines and anchors

Turret and swivel system

SURF and subsea interfaces

Accommodation and lifesaving equipment

Day Three: Storage and Offloading

Competency Description: To develop an understanding of operation, inspection and maintenance requirements and challenges of the containment and offloading system on an FPSO.

Key behaviours

Know the cargo and ballast system particulars

Be familiar with the tank entry safety procedures

Understand the procedures for offloading crude oil

Know the custody transfer requirements

Topics to be covered

Cargo pumping system characteristics

Cargo storage

Cargo heating

Cargo blanketing and venting

Crude oil wash

Cargo control system

Cargo metering

Tank entry

Ballast system

Cargo loading and stability

Cargo transfer operations and procedures

Offloading crude

Custody transfer

Diesel oil storage treatment transfer

Pressure safety valves

Emergency shutdown valves (QC valves)

Day Four: Power Heating and Utility Systems

Competency Description: Malfunction of the utility and supporting systems may reduce, stop, or even endanger the production and personnel. The objective is to understand the operation and maintenance of the power generation system and the main process plant utilities.

Key behaviours

Understand operational concerns of the prime movers

Be familiar with HV and LV switchboards

Inspect and test batteries and UPSs

Be acquainted with the requirements for the utility and supporting systems

Topics to be covered 

Power generation and heating

Power distribution system

Heating sources and generators

UPSs and batteries

Cooling system

Utility systems

Electrical system

Piping

Instrumentation

Telecommunication

HVAC

Day Five: Safety in Operation and Maintenance

Competency Description: Ensuring safety, operability and system or structural integrity are the main concerns on a FPSO. The objective is to gain a better knowledge of: how to optimize production and plant capacity while increasing safety levels and ensure environmental compliance.

Key behaviours

Comprehend the functioning of integrated control and safety system

Know the operations, maintenance safety approach for process equipment

Recognize the hazards of electrical energy and hazards associated with process fluids

Know how to handle emergencies

Topics to be covered

Control and safety systems

Safety instrumentation

Accessibility to the FPSO offshore plant

Fire prevention and control (F&G)

Hazards associated with process fluids

Assessment of hazards

Emergency plan – equipment and procedures

Fire prevention and control

Electrical safety

Emergency shutdown

 

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

Petroleum doesn’t last forever. It is a non-­renewable resource. This fundamentally drives the business decisions of Governments and companies, a key part of which is that most petroleum contracts are structured to contemplate the entire life span of a project, it’s beginning, middle, and end.

Upstream Petroleum contracts can vary widely in their details; however, all must establish two key issues on how profits are divided between the government and participating companies. 

This Peakware training course provides in-depth information on the types of upstream petroleum contracts and what their differences are and what are the main contractual terms participants need to know in order to fully understand all types of Upstream Petroleum Contracts.  This training course will comprehensively cover Production Sharing Contracts, Exploration & Production Agreement (E&P) Exploration & Exploitation Contract, License Agreement, and participants will take away essentials elements of these contracts to be effectively used in their own companies

Who should attend?

Senior contract negotiators and managers

Legal managers, legal counsel

Commercial and business managers

Contracts administrators, and managers

Commercial, financial and insurance professionals

Project and General Management personnel

Seminar Outline

Day One: Introduction and Overview of Upstream Petroleum Contracts

Brief overview of the O&G industry

Oil and gas terminology

The legal framework to Upstream Contracts

Introduction to contract formation

Key oil and gas terminology

Oil and gas industry structure

Relationship between different players in the oil and gas industry

Phases of the oil and gas industry

Oil and gas contract fundamentals and legal principles

Territorial water, continental shelf and United Nations Convention on the Law of the Sea (UNCLOS)

Day Two: Contracting in the Upstream Sector: Ownership and Licensing

Ownership and exploitation of reserves

The ABCs of Petroleum Contracts: License-Concession Agreements, Joint Ventures, and Production-sharing Agreements

Characteristics of upstream contracts

Commercial realities of the oil and gas business

Agreement with resource holders

Ownership of oil and gas

Risk Service Contracts (RSCs)

Grant of rights by resource holder

Host country’s legal and regulatory framework and fiscal regime; stabilization

Role of host government

Key Issues in international oil and gas contracts

Negotiation framework and strategy; objectives of host countries/NOCs and IOCs

Host Government’s Role in Upstream (Exploration & Production (E&P)) Agreements

Overview of upstream operations and E&P agreements (types and trends by region)

Key differences between Production Sharing Contracts (PSCs), concessions, service contracts and JV contracts

Role of Host Government in Upstream Contracts

Day Three: Production sharing contracts (PSC) & Joint Operating Agreements (JOA)

Different approaches and levels of complexity

New PSC’s in key jurisdictions

The role of calculation

Understanding the formulas

The non-fiscal legal and contractual terms

Contractual terms and conditions

Royalties and taxes

Commercial terms in licensing and concession agreements

Fiscal arrangements, license fees

Five key financial aspects to a PSC:

(a)  Royalty,  The R factor

(b)  Cost oil

(c) Profit oil

 (d)  Taxation

(e) Bonuses, Penalties

PSC – Cash Flow Distribution

PSC – CF Distribution Example – Year N+1

Comparison of Fiscal Systems

Joint Operating Agreements (JOAs)

What is a Joint Operating Agreement (JOA)?

Nature, aim and functions of a joint venture

Government approval

Key areas of the JOA

Purpose and scope: participating interests

Day Four: Service Contracts, Farm-In and Farm-Out and Unitization – Risk bearing and Non- Risk Bearing Service contracts

Service Contracts

Risk Service Contracts

Different model forms – sources

Risk allocation and insurance

Master service contracts

Participation Agreements (Farm-in and Farm-out)

Agreements for farm-ins and farm-outs

Nature of the farm-out

Subject matter of the farm-out

Interest assigned and reserved

Assignment of interest

Unitization and Unit Operating Agreements (UUOAs)

What is unitization?

Unitization in practice

Government approval

Transboundary unitization

Day Five: Negotiating Production Sharing Contracts

Government take

Production share and cost recovery

Local content

Force majeure

Dispute resolution

Stabilization and renegotiation provisions

Negotiation Simulation Exercise

Negotiation a PSA with a government entity

Objective: The objective is to establish what can be achieved in the meeting, what preparation is needed for it and what strategy should be adopted and then to pursue this strategy

Feedback session

Negotiation of oil and gas disputes

Importance of negotiation in oil and gas business

Disadvantages of competitive or positional negotiation

Principled negotiation between the parties to achieve best results

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

This training course is designed to develop the essential skills necessary to prepare and evaluate Upstream Petroleum Accounts and to improve the organization’s internal audit function.

It focuses on the latest techniques to evaluate Financial; Operational & Social Performance as well as relevant International Financial Reporting Standards (IFRS) for the preparation of accounts. Delegates will therefore be able to prepare financial statements in line with IFRS and make strategic decisions to improve financial performance of their organization. In addition, the development, monitoring and continued improvement of a highly-integrated, internal audit function will aid continued financial success, stability and growth.

This training course will highlight:

How to Prepare Financial Statements in line with IFRS

The latest international tools and techniques to develop skills of evaluation and performance measurement

The lessons to be learnt from an evaluation of leading international Upstream Petroleum companies

The different types of audit and the benefits to be obtained from each

Efficient Planning, Controlling and Recording of an audit assignment

Who should attend?

Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants

Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.

Joint Venture Accountants and Auditors

External, Financial and Internal Auditors

Government Regulators and Auditors

Financial and Investment Analysts

Seminar Outline

Day One: Major Accounting & Auditing Issues in the Upstream Petroleum Sector

The latest Accounting & Auditing Issues facing the sector

The impact of commodity prices, currency & interest rate fluctuations and political and environmental developments.

The impact of financial and accounting issues on Strategic Development and Growth within the sector

The Annual Reports & Financial Statements of leading international Petroleum companies

An Overview of IFRS in relation to Upstream Oil & Gas Accounting

The Role of Auditing

Day Two: Accounting for Revenue & Costs in the Upstream Petroleum Sector

Revenue Recognition & IFRS 15: Revenue from Contracts with Customers

Costs in Acquisition, Exploration, Development and Production

IFRS 6: Exploration for and Evaluation of Mineral Assets

Accounting Approaches – The “Successful Efforts” (SE) Method or the “Full Cost” (FC) Method

Break Even Oil, Cost Oil & Profit Oil

Evaluating Profitability of leading international Oil & Gas companies

Day Three: Accounting for Assets in the Upstream Petroleum Sector

Reserves & Resources

IAS 16: Property, Plant and Equipment

Depletion, Depreciation & Amortisation (“DD&A”)

IAS 36: Impairment of Assets

IAS 37 – 39 : Provisions, Contingent Liabilities and Contingent Assets; Intangible Assets and Financial Instruments

Evaluating the Assets & Reserves of leading international Petroleum companies

Day Four: Creative Accounting, Corporate Governance & Auditing

Creative Accounting

Corporate Governance

Published Financial Statements

The Role of the Board & Audit Committee

External Auditing – reporting to investors in the Oil & Gas industry

Internal Auditing – Defining and Developing the Internal Audit Process

Day Five: The Internal Audit Function 

Establishing the Roles & Staff within the Internal Audit Dept.

The Various Types of Audits

Planning & Commencing Internal Audit Examinations

Controls & Substantive Tests

Communicating Audit Findings

The Audit Exit Conference Meeting & Post-Audit Reviews

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

This training course provides you with the latest financial knowledge and skills, through the evaluation of strategic issues and challenges facing the industry. It explores the internationally accepted accounting methods and techniques used in the Oil & Gas sector to report costs, asset values and profit as well as techniques of financial evaluations. You will also examine the latest risk management techniques, enabling you to manage and control oil price, exchange rate and interest rate volatility using derivatives.

In addition, we will explore project management techniques in this exciting training course designed to develop and enhance your skills and knowledge of this unique industry. 

This training course will feature:

An analysis of the major Strategic Issues affecting the Oil & Gas Industry

Key financial accounting methods and techniques

An analysis of Joint Venture and Product Sharing Agreements

The latest Risk Management techniques

The latest Project Management techniques 

Who should Attend?

Accountants and Finance Professionals responsible for financial accounting, treasury, budget preparation and management reporting

Process and Non-technical Professionals who require a more in-depth understanding of financial accounting reporting, project management and forecasting techniques

Financial Planners and Cost Analysts

Line/Unit Heads with direct planning and budgeting responsibility

Account Personnel and Business Consultants

Seminar Outline

Day One: Introduction to Financial Accounting in Oil and Gas Industry

 Nature & features of the Oil & Gas sector

The latest issues facing the Oil and Gas industry

The principles of Oil and Gas financial accounting and reporting

Definition of reserves and resources

The Roles & responsibilities of the Finance professional 

Day Two: Methods and Techniques of Accounting in Oil and Gas

International Accounting Standards for oil and gas companies

Accounting techniques in the Oil & Gas sector

Accounting for Costs ( all types in oil & gas)

Accounting for Assets  and the impact

Accounting for Revenue

Day Three: The Specific Financial Information in Oil and Gas

International Financial Reporting Standards (IFRS) & GAAP Differences

Joint Ventures and Product Sharing Agreements

Financial statments

Ratio Analysis and Interpretation

Profitability of oil &Gas companies 

Day Four: Evaluate Performance Measurement and Improve Efficiency

Advanced financial analysis

Evaluating Capital Investment using various financial indicators: Payback, ARR, NPV & IRR

Comparative Analysis & Benchmarking

Earned Value Management for Oil And Gas

Evaluation the assets & reserves of Oil& Gas Companies

Day Five: Risk Management & Auditing

Understand the Market and identify the risks related to oil & gas sector

Process of risk assessment

Compliance & Legal requirments

The Board & Audit Committee- roles & responsibilities

Efficient planning, stability and growth

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

For complex offshore and onshore projects, the preferred contract module used is the EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) Contract.  Understanding the allocation of risk by mastering the ins and outs of EPCIC contracts will prove to be a valuable tool in driving effective contracting strategies to minimise liabilities.

This Contracts Management course is specifically designed to provide participants with a well- tested and practical guide on: 

Putting EPCIC in the context of the different models of EPC Contracts

The inherent risk, liabilities and benefits of employing various contracting strategies

The challenges of EPCIC lump sum contracts and the ways to manage cost over-runs

Structuring the contract to address the issues of the several parties to the contract to ensure a positive project outcome. Pros and Cons of the split EPCIC contract form

Insights into the current issues affecting EPCIC contracts like pollution, HSE and local content; managing contractor concerns

Who should Attend?

Commercial Contract Professionals

Commercial Operation Professionals

Contract Engineers

Procurement Supply Chain Professionals

Risk Manager / Contract Risk Professionals

Seminar Outline 

Day One: EPCIC Overview, Legal Framework & Contract Structure and Risk Allocation

Maximising parties’ rights and interests with appropriate contracting strategy

Contractor’s single point of responsibility

Split contract structures

EPCIC aspects in Shipbuilding Contracts for “Floaters”

Choosing the right contract structure for your project

The tender process, tender and award. Discussing and analysing different strategies

Day Two: Tender Process Leading to an EPCIC Contract

Legal, Technical and Commercial Pre-qualification of tenderers

Best practices in tender evaluations and selection of tenderer

Important of scope of work and specifications and terms and conditions

Exceptions – what to accept and what to deny

Finalising tender negotiations & Award

LOI and LOA essential terms and legal effects

Exercise on the selection process and main elements to ensure a successful tender exercise

Day Three: Negotiating Essential Contractual Terms of EPCIC Contracts

Identifying critical issues in the project life-cycle

Managing cost impact clauses like delay, price fluctuations

Indemnities and other liabilities, MAC clauses, HSE

Changes in Law and regulations in host country & stabilization clauses

Political Risk Insurance

Force Majeure & Termination for cause and without cause

Case study & drafting exercise Issues Faced During Contract Life Cycle by Aligning Contractual Terms to Project Management

Managing Coordination Issues

Handling Completion Issues

Liquidated Damages

Dispute Resolution

Enforcing of Commencement and Completion Dates 

Day Four: Essential Aspects of Risk Management Strategies

Design, Technology & Process Risk

Procurement & Specification risk

Variations and cost impact

Payment and multi- currency contracts

Delay and liquidated damages

Completion and testing & effects of acceptance

Using contractual clauses to manage liabilities and risks

Day Five: Contract Completion – Critical Issues

Acceptance of punch list of defects – what is the effect?

Passing of tile and risk – safety & insurance

Warranties and Guarantees

Passing of Intellectual Property rights

Defects – Exculpatory Clauses

Dealing with disputes – considering the different options

Discussion on issues participants have faced and how it was handled 

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

This 5-day training course is designed to provide essential knowledge and skills of the oil and gas sector from the managers and supervisors of viewpoint who are working in the field. It will provide the students the opportunity to study the oil and gas business from the perspective of the entire value chain, to analyze oil and gas management strategies of major organizations and discover the unique business issues of today’s energy marketplace. As the oil and gas industry impacts organizations, and societies worldwide, it is important to learn how to position oneself for success in this competitive industry.

Who should Attend?

Working Managers, Supervisors, Engineers

Team leaders, Safety managers, and Senior Technicians

Oil and Gas Managers

Investment Bankers and Fund Managers

Media Analysts and Commentators

Exploration, Production and Refinery Managers

Marketing, Law, Human Resources, Accounting, and Finance Personnel

Anyone requiring a broad understanding of the structure, operations and economics of the Oil and Gas industries

Seminar Outline

Day One: The Nature and Formation of Fossil Fuels and Oil Reserves

Petroleum & Natural gas composition, classification and properties

Generation, migration and accumulation of petroleum

Trapping mechanisms and Seismic surveys

Exploratory drilling & testing the well

Casing cementing and completing the well

Estimation of reserves

Enhanced oil recovery

Surface treatment and storage

Day Two: Production, Transportation and Distribution

Development of oil and gas fields

Storage & Tank farms

Pipelines and Tankers

Geopolitics and world energy markets

OPEC and the future role of a cartel

Need for collaboration between NOC’s and IOC’s

Oil & Gas Contracts, Joint Ventures and Fiscal Regimes 

Day Three: Introduction to Petroleum Industry Economics

World petroleum consumption, supply, prices and prospects for the future

The refining process & complexity

Refining margins and profitability

Sales and marketing of petroleum products

Carbon capture and environmental issues

Introduction to energy finance and economics

Day Four: Financial and Energy Risk Management

Discounted cash flow (DCF) and time-value considerations

Inflation and time value of money

Apply the present value and future value formulae (NPV)

Internal rate of return (IRR)

Hurdle rates and minimum acceptable rates of return

Introduction to energy risk management

Risks in trading energy commodities

Risk and opportunity analysis

The nonlinearity and complexity of uncertainty 

Day Five: The Evolution of a Safety Culture

Culture and Safety

Leadership and Teamwork

Active listening and nonverbal communication

Leadership, communication and barriers to communication

Presentation Skills

Thinking creatively

Coping with criticism

BATNA Best Alternative to a Negotiated Agreement

Dealing with aggressors and Conflict

Course summary and roundup

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

Regardless of the size of work unit, whether you are experienced or not, this comprehensive Effective Team Leader training course will build strong foundations of skills and knowledge you need to lead others to achieve phenomenal results!

You will uncover the powerful ways to motivate, inspire and get total involvement and commitment from your team. This highly renowned Effective Team Leader training course integrates the very best learning from successful industry leaders to deliver strategies to create high performance teams.

You will take away many practical steps to the issues that you face every day at work and be equipped to deal with tough decisions to lead successfully in today’s fast paced environment.

This training seminar & workshops will feature:

Proven and researched methods to drive up results

The application of personal motivation and drive

Develop and build effective management and supervisory skills that can help succeed even in challenging times

Behavioural Models and activities to drive up understanding

Relationship development methods that build rapport quickly and easily

Conflict Management Strategies to deliver increased cooperation and results

Who should Attend?

Management professionals seeking leadership roles

High potential delegates looking to fast track their progress in leadership

Team Leaders and those seeking to step up to leading people

Individuals who have some experience at the supervisor/manager level and are ready to take more management responsibilities

Leaders who are looking to improve their managerial competencies

Seminar Outline

Day One: From Manager to Inspirational Leader

Competency Description:  Enhancing Flexibility in thinking to face challenges in a fast changing business and economic landscape.

Key behaviours

Planning

Knowing when to “manage” and when to “lead”

Managing Change effectively

Developing resourcefulness through personal networks

Topics to be covered

The qualities of an effective leader: Born or learned?

The challenges you face every day, the demands of others and the job!

Leadership Verses Management

Managing Change Effectively: The Rules

Planning your Success

Developing a network of relationships and influence

How leaders inspire action!

Day Two: Personal Credibility & Making Meetings Matter

Competency Description: As an effective team leader, delegation and running effective meetings enhances personal and departmental credibility. 

Key behaviours

Delegation Skills

Time Management and Prioritisation

Managing Meetings effectively

Decision making

Topics to be covered

The 4 “must-do’s” for every leader to build credibility

The 7 Secrets to Success

Delegating Effectively: The pitfalls and the benefits

Delivering more with Fewer Resources                   

Managing time with other people in mind

Why Meetings Fail!

Creating a new perspective for an effective meeting

Delivering a Faultless Decision Making Process

Day Three: Building High Performance with Vision and Purpose

Competency Description: The essence of an effective Team Leader is communication, dealing with performance issues and team building competencies.

Key behaviours

Understand team dynamics

Use conflict to engage and energise

Use performance improvement methods

Know and use Appraisal skills to motivate

Topics to be covered

Group dynamics and team performance

Conflict and conformity in group situations

Team Problem solving and decision making

Improving communications and relationships

Dealing with Poor Performance

The Practical Steps of Motivation

Appraisal – case studies in performance management

Day Four: Workshop 1 – Driving Up Engagement and Results

Competency Description: Communication is a key competence for success as a Team Leader along with coaching and motivating your team.

Key behaviours 

Listening with purpose

Asking developmental and empowering questions

Understand behaviours and their positive and negative effects

Coaching your team

Topics to be covered 

Communicating Effectively to your team

The Building Blocks of High Performing Teams

Leadership styles and your personal strengths

Creating a Coaching Leadership Style

Active Listening and Questioning

Advanced Communication Skills: What to listen for

The Four Behaviours that get results

Day Five – Workshop 2 – Dealing with Conflict and Influence Effectively

Competency Description: The development Conflict management skills and high-level communication skills to be more persuasive are crucial in today’s organisational environment. 

Key behaviours

Conflict management

Control of own emotions

Influence skills

Persuasive modelling

Topics to be covered 

Difficult People Defined

The 4 most difficult types

The specific skills of conflict

Your Conflict Profile

The 6 Keys to persuade and Influence

The PROVE Model to influence effectively

Action planning and programme review

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

This innovative training course examines how to master the critical areas of Human Capital Management (HCM) and Human Resources Management (HRM).

This training course will show HR professionals how they can contribute to the business at a strategic level and become a real partner in the organisation.  This exciting training course will bring you up to date on the latest techniques and approaches that are appropriate for the efficient management of Human Capital, with particular emphasis on the Oil, Gas, Petrochemical and related industries.

This training course will highlight:

Best practice in HRM systems, methods, and services

Training, Learning and Career Development

Employee Reward and how it influences employee performance

The importance of two-way resourcing and recruitment

Performance Management in a multi-cultural environment

Who should Attend?

Anyone concerned with maximising the investment in Human Capital

Human Resources (HR) Staff at all levels

Staff who need to be competent in Human Resource Management (HRM)

HR Business Partners

Learning & Development Staff

Anyone who needs to understand the workings of the modern HR Department

Seminar Outline

Day One: Human Capital & Human Resource Management

Understanding Human Capital

The development of Strategic HR

Human Capital in Oil, Gas & Petrochemical Industry – how does it differ?

The transformation of HR

HR as a strategic partner

Day Two: People Resourcing in the Oil, Gas & Petrochemical Industries

Recruiting as a two-way process

Specialist resourcing needs of oil and gas employers

Choosing the appropriate selection methodology

Use of psychological testing in selection

Assessment Centres – state of the art selection?

Day Three: Performance Management & Reward

Performance management in Oil, Gas & Petrochemical Industry

Making performance appraisal work

Efficient use of feedback

Understanding compensation & benefits

Implementing Total Reward

Day Four: Development in the Oil, Gas & Petrochemical Industry

The talent management model

The Training Cycle

How Adults Learn: Andragogy

What are the best ways to train people?

Evaluation of training effectiveness (cost benefits analysis & ROI)

Day Five: Empowerment, Engagement and Change

The context for change in Oil, Gas & Petrochemical Industry

Managing change or leading change?

Employee engagement & empowerment

Retaining valued employees

Personal action planning

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

The Oil & Gas and Petrochemical Accounting & Performance Measurement training course is designed to develop the essential skills necessary to prepare and evaluate Oil & Gas and Petrochemical Accounting and Performance Measures. It focuses on the risks currently facing the sector including oil price volatility and changing patterns of demand.

It focuses on the latest techniques to evaluate Financial; Operational & Social Performance as well as relevant International Financial Reporting Standards (IFRS) relevant for the preparation of Oil & Gas accounts. Delegates will therefore be able to prepare financial statements in line with IFRS and make strategic decisions to improve financial performance of their organization.

This training course will highlight:

The major risks of the Oil & Gas and Petrochemical sectors and the tools to manage those risks

How to Prepare Financial Statements in line with IFRS

The latest international tools and techniques to develop skills of evaluation and performance measurement

Issues facing multinational companies and those engaged in Joint Ventures or Production Sharing Agreements

The lessons to be learnt from an evaluation of leading international Oil & Gas and Petrochemical companies 

Who should Attend? 

Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants

Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.

Joint Venture Accountants and Auditors

External, Financial and Internal Auditors

Government Regulators and Auditors

Financial and Investment Analysts 

Seminar Outline

Day One: The Oil & Gas and Petrochemical Sectors – Identifying the Issues affecting Accounting & Performance Measurement

Latest Events in the Oil & Gas and Petrochemical sectors – price volatility and supply & demand changes

Managing the macro-economic factors, e.g. interest rates, exchange rates, oil prices

Resources & Reserves

Strategic Choices currently facing the Sector

Capital Investment Issues

Performance across the Sector

Day Two: Major Accounting Issues in the Oil & Gas Sector and Petrochemical

Revenue Recognition

Costs in Acquisition, Exploration, Development and Production of New Oil or Natural Gas Reserves

The Crack Spread –issues facing Refineries and Petrochemical companies

Break Even Oil, Cost Oil & Profit Oil

IFRS in relation to the Oil & Gas Sector and Petrochemical Sector

IFRS 6 Exploration & Evaluation of Mineral Assets 

Day Three: Accounting for Assets

IAS 16: Property, Plant and Equipment

Depletion, Depreciation & Amortisation (“DD&A”)

IAS 36: Impairment of Assets

IAS 37: Provisions, Contingent Liabilities and Contingent Assets

IAS 38: Intangible Assets

IAS 39 & IFRS 9 Financial Instruments: Recognition and Measurement 

Day Four: Measuring Financial Performance

Cross Sectional & Time Series Analysis

Financial Analysis: Income Statements & The Statement of Financial Position (Balance Sheet) Analysis

Cashflow Analysis and its importance in the Oil & Gas sector

Dupont Analysis – Evaluating and Improving Return On Equity (ROE)

Evaluation of Share Price and Investment Performance

Evaluating the Financial Performance of leading international companies in the sector

Day Five: Measuring Operational & National / Government Efficiency and Performance

Measuring Reserves – Life; Reserves per Well; Replacement Ratio etc. and the impact for Refineries and Petrochemical companies.

Finding; Development & Production Capability & Efficiency

Evaluating the Operational Performance of Leading International Companies in the Sectors

Earned Value Added Analysis of Projects

Evaluating the Fiscal Budgets of Oil & Gas Producing Countries

National / Government Measures of Efficiency & Performance

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

Because of increased pressure to deliver projects on time, within budget and with the agreed components, the need to identify, manage and control the project-based risks becomes central to success. Project Managers need to use tried and accepted techniques for managing identified risks and have access to practical strategies for dealing with issues as they emerge.

Using a mixture of presentations, discussions and practical exercises related to the Oil and Gas industry, this training course addresses these issues in a concise and pragmatic manner.

This training course will feature:

Project management and risk assessment in oil and gas industry

Setting criticality analysis and priorities for different assets

Performance of root cause analysis

Managing performance of assets

Learning from major failures in different industries

Who should Attend?

Project Management Team members

Operations Managers

Project Managers

Oil and Gas Enterprise Architects

Asset Managers

Maintenance Managers

Maintenance & Reliability Engineers

Technical managers & supervisors

Board level executives and non-executives

Consultants in Project, Asset, Maintenance and Risk Management

Seminar Outline

Day One: Introduction to Organisational Risk

Pros and cons of risk management

Practical experience with risk assessment & risk management in various industries

Risk Management throughout a project life cycle

Methods to increase company-wide awareness, understanding & senior level support

Risk Management at various levels of an organization

Business risks vs technical risks vs implementation risks 

Day Two: The Risk Management Process Wheel & Identifying Risk

Proactive risk management process

The risk management process wheel

The risk registers

Risk management planning

Risk identification

Risk identification tools & techniques

Day Three: Risk Analysis

Qualitative risk analysis

High Reliability Organisations (HROs)

The risk matrix

Decision Making Grid (DMG)

Quantitative Risk Analysis (QRA)

Fault Tree Analysis (FTA) and Reliability Block Diagrams (RBD)

Day Four: Risk Responses & Managing Risks

Risk response planning

Building a risk management plan

Calculating risk management budget

Monitoring & reviewing

Opportunity assessment

Project execution risk assessment

 

Day Five: Reporting Risk Management Outcome

What makes a bad report?

What makes a good report?

Creating an oil & gas risk questionnaire

Risk evaluation

Risk evaluation report 

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

This course introduces the principles of Information Management applied to the Petroleum Industry. Using class lectures and practical activities, participants will gain the opportunity to realize the business value of data management and its impact through the Oilfield Life cycle.

The course covers foundation concepts such as standard data types, data life cycle, quality, security, and provides an understanding of information management in different contexts such as the corporate, project and operational environments, their organization and associated data management processes.

Participants will also gain the opportunity to learn about data governance principles and its application in the Exploration and Production business. 

Who should Attend?

Professionals that participate in Petroleum Data Management related functions, those with domain experience, technical data management from other industries (aerospace, defense, medical, finance), and corporate executives with budgeting responsibilities in E&P data handling.

Seminar Outline

Day 1

Module 1 – Principles

Lesson 1 – Business Value

Lesson 2 – Data

Lesson 3 – Information

Lesson 4 – Knowledge

Lesson 5 – Wisdom

Module 2 – Data

Lesson 6 – Oilfield Life Cycle

Lesson 7 – Data Types and Categories

Lesson 8 – Structured and Unstructured

Day 2

Module 2 – Data (continued)          

Lesson 9 – Data Life Cycle

Lesson 10 – Quality

Lesson 11 – Security

Module 3 – Information

Lesson 12 – Project Vs. Corporate Vs. Operational

Lesson 13 – Context and Organization

Lesson 14 – Process

Module 4 – Governance

Lesson 15 – Organization and Definitions

Lesson 16 – Policies and Procedures

Lesson 17 – Standards

Day 3

Module 4 – Governance (continued)

Lesson 18 – Methodologies

Lesson 19 – Ownership

Lesson 20 – Risks and Mitigations

Lesson 21 – Decisions

Lesson 22 – Legal Obligations

Module 5 – Operations       

 Lesson 23 – Architecture

Lesson 23 – Development

Lesson 23 – Infrastructure

Lesson 23 – Service Management

Cost: $3,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

Risk management is an integral part of day-to-day business activities in many industries and the offshore & marine industry brings along its own inherent areas of risks – ranging from non-compliance of assets and in accordance with legislative bodies, major cost or schedule overruns for projects, asset safety, asset damage, business interruption, pollution, and injuries to people as key examples in addition to common or standard risks inherent in most projects.

In the oil and gas industry, managing marine-based projects in an offshore environment is increasingly complex.  In this Offshore & Marine Projects and Risks Management course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The interactive approach is based on PMI® RMP methodology and designed to provide both qualitative and quantitative approaches to risk management allowing delegates to enhance risk management awareness to ensure they can manage projects better – minimising project cost/schedule overruns and thus improving project execution.

Who should attend?

Project decision makers

Project managers

Related project support managers

Marine Engineers

Mooring Engineers

Project personnel who control project decisions and plans

Seminar Outline

Day One: Risk Management Framework and Planning

Competency Description:  In this current economic climate, we must ensure we are appropriately prepared for all risks.  We will begin by understanding the foundations of risk management and underpinning this to help ensure that we can deliver our offshore or marine projects successfully. 

Key behaviours

Establishing categorisation of projects and associated risk procedures

Developing appropriate offshore risk management plans and strategies

Understand key benefits to be gained through solid risk management preparation in offshore or marine projects

Topics to be covered

Key definitions

Purpose & benefits of project risk management in offshore projects

Integrating risk management into the project management process

6 steps to managing project risks successfully in challenging conditions

Plan the approach to offshore project risk management 

Day Two: Project Risk Identification Process

Competency Description: Identification of our offshore or marine project risks is crucial to the ability to proactively manage our projects. Commencing with behavioural capabilities we support project risk identification best-practice methods against project cost & schedule activities for the offshore case-study.

Key behaviours

Establishing risk identification methods suitable to offshore or marine projects

Develop risk behaviours to allow us to support complex projects pro-actively

Learn key benefits provided through use of SME’s in risk identification

Use Oil & Gas Industry methods to assist in identification of project risks

Topics to be covered

Risk Behaviours

Recommended risk behaviours suitable for offshore or marine projects

Strengths of collaboration within a complex and struggling industry

Stepping up as an SME and supporting project delivery

Risk Identification Processes

Risk Identification guidelines

Identify cost estimating methods

Learn accuracy, allowances, contingency & management reserve

Measuring schedule against risk – crucial in uncertain conditions

Considering tools for optimum offshore resource management

Identifying and categorising risks against offshore Case Study

Day Three: Project Risk Assessment and Quantification Processes

Competency Description:  No matter how well project risks are identified, we must quantify them to allow us to prioritise and manage appropriately.  We will cover both qualification & quantification methods appropriate to offshore or marine projects. 

Key behaviours

Establishing suitable mechanisms for qualifying identified risks

Developing quantitative and semi-quantitative risk methods and procedures tried and tested within the offshore industry

Practice use of risk decision-making tools allowing prioritisation of risks

Topics to be covered

Risk analysis tools & techniques

Risk analysis qualitative & quantitative approaches

Carry out qualitative and semi-quantitative analysis on offshore scenarios

Using decision trees when multiple options are available

Project risk rating & prioritising

Day Four: Risk Response Plan Development

Competency Description:  In the offshore industry, managing identified risks appropriately is key.   We will introduce risk response exercises and focus on how those responses can be analysed to challenge their validity. We will also consider the abilities of individuals or parties taking responsibility for agreed risk responses.

Key behaviours

Establishing skills required to properly manage identified risks and responses

Developing suitable risk responses for threats and opportunities in offshore projects

Learn how to analyse responses to ensure suitability in complex environments

Practice risk responses and see the financial savings based on EMV usage

Topics to be covered 

Stepping up as a Risk Leader

Decision-Making skills & techniques crucial when managing offshore projects

Negotiation skills to aid conflict management in this challenging environment

Risk Response Plan Development

Appropriate tools & techniques to be used for offshore projects

Risk response strategy guidelines

Develop appropriate industry-based response strategies

Risk response analysis

Identify residual risk and design alternative responses (if required)

Day Five: Risk Response Control

Competency Description:  We need to understand the process of developing options and determining actions to enhance opportunities and reduce threats to the offshore project`s objectives.

Key behaviours

Establish mechanisms required for managing identified risks and responses in the offshore environment

Developing suitable methods to monitor responses

Understand which control mechanisms are required in case of variances

Topics to be covered

Risk management plan execution

Appropriate offshore risk response control tools

Risk response control guidelines

Executing against the approved offshore risk strategy

Evaluating risk response results

Creating example risk documentation

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

Project monitoring and evaluation skills is key in order to deliver projects effectively and efficiently.  This Offshore Project Assessment course has been designed to provide delegates with an understanding of how to use project management skills to assess the progress of the project as it is being run – against project scope, identifying variables in relation to schedule, budget and quality parameters.  We will also consider the environment itself, the offshore structures, the challenges of maintenance, pre-commissioning and health and safety implications in preparation for handover and closeout.

Offshore projects need continuous tracking in addition to periodic assessments in order to be effective and efficiently delivered. Stakeholders require constant feed back on project performance. Consequently, this training course will equip delegates with advanced Project Monitoring and evaluation skills including developing an appreciation of the components of an effective Monitoring & Evaluation Plan – including data collections methods & tools as well as ethical considerations when working with data. 

Communication and feedback mechanisms for reporting are important to enhance anyone’s capacity of managing the project effectively and efficiently to deliver on the expected intervention outcomes. Risk and resource management will be paramount while assessing our projects and delegates will identify and quantify risks in relation to physical locations, available resources and the correct technology for the project to be delivered within offshore structures.

Who to Attend?

Project decision makers

Project managers

Related project support managers

Offshore Installation managers

Project personnel who control project decisions and plans

Day One

Concepts of Project Management

Project–Definitions, Attributes

Project Life Cycle

Use of Project Stage Gates

Project Context

Identify contextual factors that can impact upon the project

Understand who stakeholders are and how they may impact upon the project

Starting with the End in Mind

Understand the Project Charter or Business Case

Identify Success Criteria, Success Factors and project KPI’s

Recognise Project Management Plan, defining and coordinating all subsidiary plans

Understand offshore scope through decomposition

Day Two

Project Stakeholder Engagement

Identify Stakeholders and analyse their expectations

Managing stakeholder engagements – Consider best methods to increase support and minimise resistance

Project Management Integration

Need for team approach

Importance of communication

Using team development models

Importance of leadership

Using collaboration as a communication and motivation tool

Quality Management

Developing a Quality Strategy

Understanding what is to be assessed

Testing & Reporting

Day Three

Project Risk Management – Assessing and Managing Project Risks

Identifying risks in relation to project operations

Understanding qualitative and quantitative risk analysis

Implementing / developing threat/opportunity response strategies

Reassessing and controlling risks

Decision-making

Working with Project Information to support decisions

Decision-making techniques

Negotiation techniques

Conflict Management

Day Four

Updating and Maintaining Project Plans

Monitoring schedule progress

Controlling schedules and cost

Earned Value Management overview

Monitoring & Evaluation Management – Ensure Delivery as Planned

Working with Project Reviews

Earned Value Management

Job-Site Management & Reporting

Validate Scope – to ensure its appropriateness

Day Five

Managing Project Changes

Change management and planning

Updating schedules

Critical points to consider in updating plans

Project dashboards and reporting

Handover & Close-out

Preparing for Handover

Project Closure activities

Preparing for Standard Operations

Identifying SOP’s

Where is Commissioning?

Preparation for Initial Start-up

Start-up Procedures

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

Safety and Risk Management requires a twin approach of following the legislative standards and seizing the opportunities available in good risk management. Risk management is the identification assessment and prioritisation of risk and then monitor and control such risks. Offshore hazards include the hazards of vessel, working over water and diving operations. Safety Management is applicable in all companies whether by following an accredited Safety Management System or by purely following a Hazard Register with the appropriate Risk Assessments.

Additionally, the training course will cover confined space entry and safe shift handover two areas that are continually the cause of incidents and loss.

This Offshore Safety & Risk Management Systems training course will feature:

Risk Management

Hazards of Vessels

Safety Management Systems

An Introduction to HAZOP

Confined Space Entry

This training course is suitable to a wide range of professionals but will greatly benefit:

All supervisors and line management who have assigned responsibilities within the Safety Management system (SMS)

Offshore Operations Personnel

Offshore Maintenance Personnel

HSE personnel

Day One: Safety Legislation & Safety Management Systems

Competency Description: It is essential to have a sound understanding of the legislation and best practice involved

Key behaviours

Understand personal the responsibilities

Identify key legal aspects

Summarise best practice in shift handover

Topics to be covered

Definitions

Responsibilities

Legislation

Seveso III Directive & PSM 1910.119

Off Shore EU Legislation

Offshore Safety Case

International Convention for the Prevention of Pollution from Ships (MARPOL)

Safety of Life at Sea (SOLAS)

Contractor Selection & Induction

Safe Shift handover

Case Study

Day Two: Risk Management, Risk Assessments

Competency Description: The identification of risk improvement opportunities and prioritising such opportunities.

Key behaviours

Explain the types of Safety Management Systems

Applying different factors in conducting risk assessments

Illustrating the hazards of working over water

Topics to be covered

Types of Safety Management Systems

Risk Management

Risk Assessments

Exercise

Hazards of Vessels & Working over water

Offshore diving operations

Work Permit Systems

Management of change

Day Three: HAZOP, ATEX & Emergency Response

Competency Description: Understanding HAZOP studies and the link with Inherent Safer Design.

Key behaviours

Identify elements / nodes

Decide on process parameters

Summarize the key points of emergency plans

Topics to be covered

Introduction to HAZOP

Element / Node selection

Process Parameters

Exercise

Inherent Safer Design

ATEX Regulations

Emergency Response

Day Four: Confined Space Entry & Gas Testing

Competency Description: Using best practice for confined space entry

Key behaviours

Explain what is a permit required confined space

Identify methods of isolation

Demonstrate good practice in atmospheric testing

Topics to be covered

Confined Space Entry

Cleaning

Isolating

Atmospheric Testing

Training

Exercise

Day Five: HAZMAT

Competency Description: If care is not taken when using chemicals, harm will result.

Key behaviours

Evaluate the effects of chemicals

Interpret the hazards presented in a Safety Data Sheet

Formulate a Training Plan

Topics to be covered

HAZMAT – Hazardous Materials

Chemical classification

Safety Data Sheets

Threshold Limit Values

Offshore – some chemicals used

Exercise

Course Evaluation

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai

Our Oil & Gas Contract Management training course will provide you with a solid foundation for understanding and assessing the key legal and commercial risks in different types and forms of contract used in the oil and gas sector.  The continued accelerated pace of change in the oil and industry, its unique contract matrix, and high levels of investment combine to make it one of the world’s most challenging and complex sectors in which to understand, draft and negotiate contracts.  You will enhance your knowledge of the diverse range of oil and gas contracts, and raise your awareness of best practices in managing the supply chain process.

Through this comprehensive training course, you will also appreciate how best to deal with the ripple effects of Macondo, knock for knock indemnities, local content requirements and dealing with NOCs.

This training course will highlight:

Major types of contract used in the oil and gas sector

Best practice in supply chain management

Key legal and commercial risk management issues

International dispute resolution frameworks

Negotiation tools and techniques

Who should Attend?

Procurement managers and purchasing staff

Engineering, operational and maintenance personnel

Contracts engineers, administrators, and managers

Commercial, financial and insurance professionals

Project and General Management 

Seminar Outline

Day One: Principal Types of Oil and Gas Contracts

Principles of Petroleum Law & Industry

Concessions/Licenses

Leases and Rentals

Sale, Purchase and Transportation Arrangements

Services and Works Agreements

Multi-Party Arrangements

Day Two: Managing the Supply Chain Process

Overview of Procurement Best Practice

Developing the Scope of Work

Qualifying Suppliers

Managing the Supply Chain

Contract Award and Execution

Bribery and Corruption

Day Three: Key Contractual Issues and Their Management

Performance and Penalties

Liabilities and Indemnities

Pricing and Payment

Force Majeure

Termination

Local Content Requirements

Day Four: Managing Contractor Performance

Identifying and Managing Supplier Risk

Service Level Agreements

Key Performance Indicators

Changing the Scope of Work

Limiting and Excluding Liability

Use of Bonds, Guarantees and Warranties

Day Five: Dispute Management in the Petroleum Industry

Damages and Other Remedies

Negotiation, Compromise, Settlement

Alternative Third-Party Dispute Resolution

Litigation or Arbitration?

Enforcement Measures

Open Forum – Questions and Final Review 

Cost: $4,500

Locations: London- United Kingdom, Houston/New York-United State, United Arab Emirate- Dubai