Certificate in Global Downstream Oil and Gas Operations

Introduction

Today’s oil companies are dealing with ever-increasing levels of complexity and competition.  The drop in the price of oil impacts negatively on the Upstream but enhances the profitability of downstream operations as Refinery margins improve with cheaper feedstock. Furthermore, the integration of refining and petrochemicals to achieve greater efficiencies is yet another critical factor in the business. Managing integrated Upstream and Downstream with refining, petrochemicals, and trading of oil requires several cross-functional skills. To achieve maximum effectiveness, managers and professionals must continually expand their business knowledge and sharpen their skills.

In this certification training course on Certificate in Global Downstream Oil & Gas Operations you will study:   

• Understand all the basics about crude oil, including its physical/chemical properties and composition
• Understand and discuss major refinery processes and refinery units
• Understand the flow diagrams of refineries - the basics Refinery operations, and production of naphtha, gasoline, diesel, jet fuels, and asphalt, etc.
• Optimization of refinery operations and improving the profitability of Downstream operations    
• The integration of refinery operations with petrochemicals operations
• The wide array Petrochemicals that use in daily life as their specialized in Heath Care Industry 
• Refinery Economics and calculations of gross and net refinery margins
• Sales, marketing, distribution, storage and trading of crude oil and refined products
• Transportation, distribution logistics, pipelines, VLCC’s, FPSO’s, Floating LNG, etc.
• Crude oil and refined products pricing, benchmarks
• Price-risk management, hedging tools including Futures Contract, Forward Contract, Swaps, Options, etc.
• Future trends in Downstream operation

Objectives

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

• Achieve a better understanding of the Upstream & Downstream dynamics of the entire hydrocarbon value chain addition from wellhead to the burner tip.
• Boost your understanding of the fundaments of downstream business: refined product quality, blending & valuation of oil for trade, freight and netback calculation & refinery margins calculations, vessel chartering, pipelines & terminals, etc.
• Master the Total barrel economics, Oil market futures, hedging and futures, and price management considerations
• Evaluate the technical, commercial, legal, safety and environmental aspects of the oil business
• Confidently discuss the technical terms, concepts, and buzzwords with your peers and clients

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practice. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

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

• Business Development managers
• Corporate Planning professionals
• Geoscience & Engineering professionals
• Refinery professionals
• Supply Planners & Scheduling professionals
• Government regulators
• Law professionals
• Tax & Finance advisors
• Auditing personnel  
• Compliance officers
• Equity analyst and Bankers
• Joint Venture officers
• Negotiators and Contracting professionals
• Trading professionals

Course Outline

Day 1: Petroleum Refining, Refined Products & Petrochemicals

• Introduction to Petroleum Downstream Industry

• Physical & Chemical properties of crude oil

• Crude oil selection criteria for refinery    

• Essential of Petroleum Refining Industry

• Major refinery processes and refinery units

• Simple Hydro skimming Refinery

• Deep Conversion Coking Refinery    

• Refinery Optimization

 Day 2: Global Oil Supply and Petroleum Economics

• Making Downstream connection with Upstream Industry

• The essence of International Oil Supply – Global Reserves, Production & Trade 

• Fundamentals of Oil Economics

• Fundamentals of Crude Oil Transportation – Tankers and Chartering

• Basic Principles in Pricing and Overview of Markets

• Crude Oil Markets

• Global Crude Oil Supply-Demand balance, and its impact on prices

• 50-Years history of Crude Oil Pricing, and its current pricing dynamics  

• Marker crudes and crude oil Benchmarks

Day 3: Downstream Value Chain Optimization

• Essential Elements in Crude Oil Sales Contracts to Refineries

• Basic Crude Oil Refining and Advanced Refinery Upgrades

• Importance of Petrochemicals and its impact  

• Refining and Petrochemicals Integration

• Value Chain Optimization and Maximizing Return on Investment 

• Managing Contractual and Environmental Risks 

• Pipelines, Storage and Transportation Logistics in Downstream

• Refinery Economics and Optimization of Downstream

 Day 4: Downstream Market Structures and Trading 

• Introductory Concepts in Oil Trading

• Interface with retailers

• Downstream Supply Chain management

• Total Barrel Economics

• Oil Market Derivatives – Futures, Forwards, Swaps, Option

• Price Volatility Exposure and its Defensive Practices 

 Day 5: Downstream Petroleum Dynamics and Risk Management 

• Hedging – Risk Management

• Pricing Management

• Derivatives

• Examples of Oil & Gas Futures Contracts, Swaps, and Options

• Common mistakes by Oil & Gas Companies in Hedging

• A Guide to Developing A Corporate Fuel Risk Management Policy

• Challenges to Petroleum Industry and Trends in New Technology