Upstream Production for Oil and Gas
| Start Date | End Date | Venue | Fees (US $) | ||
|---|---|---|---|---|---|
| Upstream Production for Oil and Gas | 06 Sept 2026 | 10 Sept 2026 | Dubai, UAE | $ 3,900 | Register |
| Upstream Production for Oil and Gas | 29 Nov 2026 | 03 Dec 2026 | Riyadh, KSA | $ 3,900 | Register |
Upstream Production for Oil and Gas
| Start Date | End Date | Venue | Fees (US $) | |
|---|---|---|---|---|
| Upstream Production for Oil and Gas | 06 Sept 2026 | 10 Sept 2026 | Dubai, UAE | $ 3,900 |
| Upstream Production for Oil and Gas | 29 Nov 2026 | 03 Dec 2026 | Riyadh, KSA | $ 3,900 |
Introduction
This training course in Global Upstream Oil & Gas Operations focuses on the success factors of a wide array of upstream oil and gas industry operations that beat the competition and add value to the stake-holders. Crude Oil & Natural gas have dominated the Energy industry for the past century and are likely to continue for the foreseeable future.
Despite these new business strategies, renewable energy sources' current industry projections are that oil production will have to increase to meet rising demand from road transport for many years to come. The innovative technologies in the recovery of oil and gas are reducing the costs, employing more efficient recovery techniques, applying stringent economic evaluation and risk analysis to increase stakeholder’s value. All these are changing the landscape of the petroleum industry. Managing international supplies, understanding of fiscal terms and comparison of worldwide fiscal systems is critical to the understanding of upstream production sharing and joint venture contracts. The objective of this course is to provide the participants with extensive exposure to the many complex management issues presently confronting the Upstream Petroleum Industry and to strengthen their understanding to manage the business successfully.
Objectives
- Understand the new technologies and critical success factors of Upstream Operations
- Maximize the profits by enhancing the recovery of oil and reducing the costs
- Analyze break-even costs and mitigate economic risk in the low-price environment
- Implement business strategies for the evolving energy industry in a wide range of situations
- Be cognizant of Geo-political issues, and different Upstream contracts
- Fundamentals of Fiscal terms and conditions, and comparison of World Fiscal Systems
Participants will learn how to:
Training Methodology
The course is delivered in a combination of lecture-style and computer-based training. In addition, a significant amount of time is set aside for small working group activity when addressing case study problems. Extensive use is made of case study material to underline the key aspects of the course and to give the delegates exposure to current best practice.
Who Should Attend?
This course is designed to train and improve the business knowledge of a wide range of professionals as follows:
- Business Development Managers
- Corporate Planning Professionals
- Geoscience & Engineering Professionals
- Refinery Professionals
- Supply Planners & Scheduling Professionals
- Government Regulators
- Law Professionals
- Tax & Finance Advisors
- Auditing Personnel
Course Outline
Day One: General Industry Overview & Basic Concepts
- Introduction to Oil & Gas Industry
- Petroleum Industry Dynamics & Future Trends
- Oil & Gas Geology
- Oil & Gas Prospecting (Exploration)
- Drilling Operations
Day Two: Upstream Success Factors
- Technological Advances
- Well Evaluation
- Well Completions
- Reservoir Depletion Mechanisms
- Oil & Gas Surface Facilities
- Transportation
- Maintenance of Oil & Gas Facilities
- Oil & Gas Reserves
Day Three: Profitably Managing Upstream Business
- Oil & Gas Reserves
- Reservoir Management
- Crude Oil Refinery Products & Processes
- Legal Framework of the Industry
- Project Economics
- Oil Price Risk Management
Day Four: Upstream Production Contracts & Fiscal Systems
- Relationships between Oil Companies and Host Governments
- Understanding Petroleum Fiscal Systems
- Identification of different types of fiscal terms and their application
- Concession (royalty/tax) Contracts
- Production Sharing Contracts
- Service contracts and Joint Venture Contracts
- Review & Comparison of Different Fiscal Systems in the world for the Petroleum Industry
- Fiscal options and latest trends for Liquefied Natural Gas (LNG) projects
Day Five: Petroleum Economics, Risk Analysis, and Project Evaluation
- Petroleum dynamics – Global, Regional & OPEC production scenarios
- Profitability indicators for oil & gas business
- Comparison and investments selection criteria
- Corporate portfolio management and maximize returns
- Risk & Uncertainty analysis in capital investments
- Evaluate projects by risk-based economics
- Fundamental Considerations in Petroleum Project Evaluation
- Investment Decision-Making Techniques

