Oil, Gas & Petroleum · 5 Days · Public · Al-Khobraa certified · From USD 3,900
Overview
Oil & Gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new Oil & Gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
Learning Objectives
Know how to apply peer-to-peer benchmarking baselines and cost data in the Upstream Petroleum Industry
Improved ability to identify and categorise different types of cost categories and components of the Upstream Petroleum Industry
Able to benchmark, interpret and analyse the comprehensive cost data that will enable companies to improve drilling programs and completions onshore and offshore including subsea and deep-sea
Aware of databases on Upstream project market conditions, material and labour costs, assets and equipment prices and availability and other wide range of cost data across the spectrum of upstream projects
Understand the impact of surgical cost cutting when compared to simply making across-the-board cuts, driving cost efficient upstream E&P
How to operate the upstream sector in a low price and highly volatile sector environment and understand critically the cost drivers
Know the latest trends and development in disciplined and structured Cost Management approach at Upstream Petroleum Industry
Enhancing the cost management maturity level at Upstream Petroleum Industry
Who Should Attend
Upstream Petroleum Industry Professionals
Strategic Players at Upstream Petroleum Industry
Project and Programme Managers of New Frontiers (Acreage / Blocks / Wells)
Project Teams
Cost Champions
Value Assurance Teams
Anyone New to or Aspiring to Enter the Exploration and Production Profession
Contractors and Suppliers Team Involved in E&P
Senior Executives and Heads of Departments Who Wants a Better Understanding of Upstream Cost Drivers, Upstream Supply Chain, Industry Peers Current and Best Practices
Senior Practitioners Requiring Refresher and Update on Recent Developments and Trends in Upstream Cost Benchmarking Practices and Capital Efficiency Management
Upstream Petroleum Industry Professionals
Strategic Players at Upstream Petroleum Industry
Project Teams
Cost Champions
Value Assurance Teams
Contractors and Suppliers Team Involved in E&P
Course Outline
Day 1 — Exploration Trends and Benchmarking by Basin
Conventional Exploration Performance and Trends by Basins (worldwide)
Cost of Exploration Compared with the Value of New Field Discoveries
Exploration Spend and Key Basins Including Shallow-Water, Deep-Water
Opportunity Screening Through Benchmarking at Basin level
Day 2 — Streamlining Upstream Operations and How to Realise Savings
Enhancing Early Phase Cost-Estimation with World Class Project Cost Estimation
Improving Procurement Strategy with Historic Price Time Series Data and Forecasts
Benchmarking Costs and Expenditure with Industry Peers to See Where CAPEX and OPEX Reduction Could Be Achieved Tangibly and Meaningfully
Understanding Which Development Concepts Are Most or Least Affected by Specific Cost and Oil Price Drivers (e.g. Platform; Tension Leg Platform; Floating Production, Storage, and Offloading Vessels; and Other Structures)
Day 3 — Optimising Upstream Costs through Improved CAPEX and OPEX Discipline
Structured and Effective Cost Management Discipline
Improving Operational Efficiency in Field Development Planning in an Era of Low Oil Prices
Hydrocarbon Management and Accounting Maturity
The Impact of Lower Oil Prices on Supply-Demand Balance and the Resulting Outlook for Onshore and Offshore Rig and Equipment Rates Globally and Regionally
Day 4 — Upstream Detailed Cost Categories and Components
Understanding Critically the Upstream Operations Supply Chain and Extended Supply Chain
Upstream Direct and Indirect Cost Categories and Components
Benchmarking and Baseline with Petroleum Industry Peers Cost – Oilfield Development
Benchmarking and Baseline with Petroleum Industry Peers Cost and Cost Gaps Analysis – Pipelines
Day 5 — Enhancing Upstream Cost and Capital Efficiency
Future Projects and areas for Cost Reduction
Sustainable Cost and Capital Efficiency
Which Cost Areas and Components That You Can Adopt from Benchmarking Against Current Trends and Demands of Petroleum Value Chain
Suppliers and Contractors Matrix and Scorecard
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
What do Al-Khobraa oil, gas and petroleum courses cover?
The portfolio spans the full value chain: upstream exploration, drilling and well control; midstream processing, pipelines and gas treatment; and downstream refining and petrochemicals — plus process safety management (PSM), HAZOP studies, corrosion control and plant operations. Trainers are practitioners from the sector.
Who should attend an oil, gas and petroleum course?
These courses suit process, production and petroleum engineers, plant and field operators and supervisors, maintenance and inspection staff, HSE and process safety professionals, and technical or commercial staff joining the sector from another industry.
How long are oil, gas and petroleum courses, and where are they held?
Most Al-Khobraa oil, gas and petroleum courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can oil, gas and petroleum training be delivered in-house for our team?
Yes. Any Al-Khobraa oil, gas and petroleum course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.