Overview of Oil and Gas Industry – 3 Course Bundle

Curriculum

• Exploration and Production (E&P),
• Drilling and “Unconventional” Techniques,
• Upstream Business Characteristics,
• Important Players and Participants in Upstream,
• The Oilfield Services Industry.

• What Exploration is,
• The Importance of Reserve Replacement,
• Obtaining Access to Reserves,
• How Seismic is used to Improve Success,
• Wildcat Well Evaluation,
• The Appraisal Investment Decision,
• A Historical Perspective on Exploration Methods.

• What Drilling is,
• Well Design Basics and the AFE,
• Key Components of Drilling Operations,
• Completing the Well,
• Stimulations and Hydraulic Fracturing,
• The Importance of Mechanical Functions,
• Connections and the Wellhead,
• Typical US Drilling and Completion Costs,
• A Historical Perspective on Oil Field Services.

• What Production Is,
• Managing Production Costs,
• The Key Production Challenges,
• Enhanced Oil Recovery,
• Surface Equipment,
• Subsurface Equipment,
• Well Maintenance,
• Historical Development.

• The four key business characteristics of Midstream,
• The key participants in the US, especially Master Limited Partnerships, known as “MLPs”,
• The main operating components of midstream.

• What is Natural Gas,
• How Does Natural Gas Occur,
• Uses of Natural Gas,
• Important Gas Terminology,
• The Gas and Oil Industry; Historical perspective.

• The LNG Supply Chain,
• Liquefaction,
• FLNG Facilities,
• Storage and Transportation,
• Regasification & FSRUs,
• Global supply-demand patterns.

• Downstream Business Characteristics,
• Downstream Participants,
• Refining Fundamentals,
• Typical End-user Products,
• Refined Products Marketing.

• What is Crude Oil,
• Why we Refine Crude Oil,
• The Refining Distillation Process,
• What are Petroleum Products,
• Refinery Maintenance and Turnarounds,
• The Historic Evolution of Refining.

• What is Supply and Trading, or S&T,
• The Importance of Logistics Hubs,
• A Typical S&T Organization,
• Time Trades,
• Global Spot Markets,
• Pricing Services,
• Price Volatility and Hedging Definitions,
• Futures Trading Exchanges,
• Hedging Contract Types,
• Matching Physical and Paper Trades,
• The Key Driver of Wholesale Prices,
• A Historical Perspective.

• What is product marketing,
• The Wholesale Marketing Channel,
• The Retail Channel and Site Formats,
• Why Retail Gasoline Prices Change so Much,
• A Historical Perspective,
• The Future Uncertainty of Retail Automotive Stations.