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International Oil Supply, Transportation, Refining & Trade

INTRODUCTION
The international oil and gas business is both capital intensive and technically complex.
Its value chain is fraught with potential risks and uncertainties both in the upstream and
downstream sectors. Traditional oil and gas companies have to conduct their business
with escalating levels of complexity and increasing competition. Innovative technologies
such as enhanced oil recovery, oil/tar sands, and other unconventional fossil fuels
particularly the shale oil boom and hydraulic fracturing are changing the landscape of the
industry.
International oil and gas suppliers upstream, and refiners and traders downstream,
require several cross-functional aptitudes so as to maximize their effectiveness.
Managers and professionals, by definition have a need therefore to continually expand
their business knowledge and improve their skills and understanding of the market's
latest trends.

On completion of this programme the delegates will have developed the following
competencies:

The essentials of international oil supply, economics and transportation

The key economic drivers of the international oil gas value chain.

Primary logistics tanker freight costs and chartering

Supply logistics major international pipelines, shipping routes, and choke points

The configuration and structure of different refineries from simple to complex

The value of crude oil based on product market prices retail and distribution

Key points on product quality and blending to specification

Who Should Attend?

Personnel needing to gain or improve their knowledge and understanding of crude


oil and petroleum products trading and pricing mechanisms

New entrants to the oil industry, and integrated sections such as supply, trading
and logistics

Business Development managers Corporate Planning professionals and business


analysts switching disciplines who are required to have a better understanding of
this stimulating field

Professional personnel such as legal, banking, insurance, finance dealing with oil
supply, refining, trading and transportation.

Energy industry journalists and reporters

Programme Objectives

Gain a broad perspective of the global oil business: supply, transportation, refining
& trading

Boost your fundamental analysis of the oil business: quality, blending & valuation
of oil for trade, freight and netback and refinery margin calculations, vessel
chartering, pipelines & terminals, etc.

Understand oil market forwards, futures and hedging

Learn the technical, commercial, legal, and environmental aspects of the oil and
gas business

Appreciate the causes and impact of the recent price volatility in crude oil and
natural gas markets.

Recognize the cause and effect of unconventional oil and gas on the industry from
a financial and environmental perspectives.

Training Methodology
Participants will learn by active participation through the use presentations, case studies,
interactive practical exercises, quizzes, training videos and discussion of business cases
issues related to oil supply, transportation, refining and trade in their organizations.

Programme Summary
This 5-Day accelerated programme provides a wider management perspective of the
global oil and gas business and highlights the success factors in each of its essential
components. It follows the natural order of business, starting with exploration, supply
and transportation and followed by refining, distribution and trading operations.
Business case studies of crude oil evaluation, netback and refinery margin calculations,
transportation and storage costs, sales contracts, total barrel economics, product quality
etc. will be examined. The program through the use of visual aids and simulations will
consider several complex operations, such as, drilling, completion, refining, and
transportation and its designed to suite the wide range of delegates.
Programme Outline
DAY 1 - Global Oil Supply Fundamentals

Introduction to Programme

Essence of International Oil Supply Global Reserves, Production & Trade

OPEC & EIA / NOC's & IOC's

Oil and Gas Value Chain (I) - Upstream

Fundamentals of Oil & Gas Geology and Petroleum Engineering

Case Study: - Oil-Field life-cycle, development and management

DAY 2 - Crude Oil Refining and Marketing

Oil and Gas Value Chain (II) - Downstream

Basic Refining Types and Complexity

Refinery Utilisation and Refining Margins and Costs

Future prospects of Refining

Product Exchange Agreements, Sales and Marketing of Petroleum Products

Case Study: - Blending to Meet Quality and Reduce Giveaways

DAY 3 - Oil Market Evolution, Transportation, Distribution and Pricing

Crude Oil Markets and Fiscal Regimes

Supply and Demand and Economics of Oil and Gas

Petroleum Transportation Logistics and Tankers Chartering

Pipelines and Storage Terminals, Bills of Lading and Letters of Indemnity

Basic Principles in Pricing and Overview of Markets

Case Study: - How to value crude oil, reference and netback methods

DAY 4 - Profitability: Oil Trading and Retailing

Introductory Concepts in Oil Trading

Essential Elements in Crude Oil Sales Contracts

Petroleum Exchanges NYMEX / ICE / Singapore

Downstream Supply Chain management

Total Barrel Economics and Carbon Capture and Storage

Case Study: - Carbon Trading Impact on the Industry

DAY 5 - Risk & Price Management

The Spot Market

Oil Markets The Physical Futures or Forward Markets

Limitations of Forwards and Futures Markets

Derivative products: Swaps and Options

Price Exposure, Hedging & Risk Management

Course Evaluation and Close