Introduction to Oil & Gas
Upstream to Downstream
Participant Introduction: Name, position, expectations.
Industry Introduction: International and domestic oil flows, industry
participants USA & World-wide, OPEC, crude & product supply & price
drivers, typical organizations.
OPEC - The development & importance of OPEC
Overview Section Details:
Intro-Objectives
From the reservoir to the gas pump...
International and domestic oil flows
Oil Industry participants USA & World-wide
OPEC/OECD/DOE/IEA
Historical crude & product prices
Industry Trends
Vertical integration and de-integration
Privatization of NOC's
New downstream Dimensions
Ethanol
Biodiesel
Gas to Liquids
Coal to Liquids
Upstream Section:
Upstream Operations
Terminology
Industry Overview – Upstream to Midstream to Downstream
Industry Issues
Industry Players
Hydrocarbon Chemistry
Geology Fundamentals
The Lifecycle of a Well
Drilling a well offshore/onshore
Completing a Well
Producing a Well
Working over a well
Plugging a Well
Oil & Gas pricing (spot, futures & hedging)
Financials
Reserves
Key Performance Indicators
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Introduction to Oil & Gas
Upstream to Downstream
Midstream Section:
Natural Gas Gathering and Processing
Lease Surface Equipment
Well Stream Components
Gas Measurement
Pipeline Corrosion
Gas Processing technology
Natural Gas Transmission Pipeline Operations & Services
Natural Gas Supply, Resources and Sources
Unconventional Gas Supplies
Liquefied Natural Gas (LNG)
Terminals
Value Chain
Shipping
Refining: Operation & types, costs and netback, benchmarks, issues
facing the industry, systems and LP optimization and organization.
Activities:
Show the refining video
Refining Section Details:
Intro-Objectives
Overview of Unit Types
Distillation
Other major units
Overview of refinery types & processing
Crude oil, crack spread and refinery margins
Crude types, sources & net-back values
light-heavy, sweet-sour,
source
Finished products types, specs
Gas: Reform vs. oxygen vs. leaded vs. RVP
Diesel: Low Sulfur
Blending operations
The concept & application of Refinery Information Systems
DCS, APC, On-line Modeling
LP optimization
NPRA/API/NPC
Solomon & other refining benchmark surveys
Trends affecting the USA-World refining Industry
Refinery organization and functions
Practical example:
Calculation of refinery netback
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Introduction to Oil & Gas
Upstream to Downstream
Transportation & Physical Movements: Pipeline, marine & truck costs,
scheduling & terminal operations, inventory management and
organization.
Section Details:
Intro. - Objectives
Scheduling
Nomination/Confirmation
Transportation
Rack vs. Bulk (PL) vs. Cargo movements
Marine movement system & importance
Distribution
Product types, specifications, sources & values
Terminal Operations
Ports: including Demurrage
Truckloading
Inventory reconciliation: book vs. Physical
Transportation & distribution organization & functions
Practical Examples:
Unit of measure problems
Supply, Trading & Risk Management: Contract types, exchanges,
pricing services, hedging, trading, futures, options, swaps. Hedging
exercise.
Activities:
Show hedging example Section Details:
Intro. - Objectives
Inventory - Position, Optimum levels
Contract Types - Term, Spot, Wet Dry
Industry Exchanges agreements
Pricing Dynamics:
Futures, Spot, Lag, Basis, Rack/Bulk,
Pricing Services - (Reuters, Platts, etc.)
Risk management, hedging & trading concepts
Hedging concepts - Position Management: Book, physical
Financial Markets - Futures, Options & Swaps
Industry Developments
Marketing: Wholesale & retail, market share & its importance,
distribution & pricing, C-stores, dealer/jobber economics, organization
and functions.
Section Details:
Introduction
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Introduction to Oil & Gas
Upstream to Downstream
Business line marketing in the industry:
Wholesale, Jobbers, and Commercial & Industrial
Retail: Co-owned/operated, Dealer operated, Dealer owned
-Coco, Codo, Dodo
-What makes a "good station": site, traffic count,
gallons per month measures.
-Market share, US (no more than 8%),
Lundberg, NPN, Oil Week & other marketing surveys
C-Stores -- their operation and importance
Retail margins 30%
Importance of C-Stores
Fast food co-branding
Marketing Trends
Marketing organization & functions
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