Course Overview
This course provides an in-depth understanding of the economic and policy frameworks governing the oil and gas sector. Participants will explore key economic principles, market dynamics, pricing mechanisms, fiscal regimes, regulatory structures, and the geopolitical influences shaping the industry. The course covers supply and demand analysis, investment decision-making, risk management, sustainability considerations, and emerging trends in energy transition. Through case studies, hands-on exercises, and interactive discussions, attendees will gain the knowledge and skills needed to navigate the complex economic and policy landscape of the global oil and gas industry.
Duration:
5 Days
Target Audience:
- Energy Economists and Policy Analysts
- Oil and Gas Industry Professionals
- Government and Regulatory Officials
- Investment and Finance Professionals in Energy Sector
- Energy Consultants and Researchers
- Environmental and Sustainability Officers
- Legal and Compliance Experts in the Oil and Gas Sector
Personal Impact:
- Enhanced understanding of oil and gas market structures and pricing mechanisms
- Improved ability to assess economic and policy risks in the energy sector
- Strengthened expertise in regulatory frameworks and fiscal regimes
- Increased confidence in evaluating investment and financial decision-making
- Greater awareness of the role of sustainability and energy transition in the oil and gas industry
Organizational Impact:
- Improved decision-making for oil and gas investments and operations
- Enhanced compliance with energy regulations and fiscal policies
- Strengthened risk management and market analysis capabilities
- Increased competitiveness in global oil and gas markets
- Better alignment with sustainability goals and energy transition strategies
Course Level:
Course Objectives:
- Understand economic principles and market forces influencing the oil and gas industry
- Analyze global oil and gas supply, demand, and price fluctuations
- Evaluate fiscal regimes, taxation structures, and revenue-sharing models
- Examine regulatory frameworks governing the oil and gas sector
- Assess geopolitical factors and their impact on energy policy and trade
- Explore investment strategies, financial risks, and cost-benefit analysis in oil and gas projects
- Investigate the role of sustainability, carbon policies, and energy transition in the oil and gas industry
Course Outline
Module 1: Fundamentals of Oil and Gas Economics
- Overview of oil and gas value chains: upstream, midstream, and downstream
- Market structures and pricing mechanisms in oil and gas
- Supply and demand dynamics in global energy markets
- The impact of economic cycles and global events on oil and gas prices
- Case Study: Oil price shocks and their economic impact
Module 2: Fiscal Regimes and Investment Decision-Making
- Types of fiscal regimes: royalties, production sharing contracts, and tax-based systems
- Economic evaluation of oil and gas projects
- Cost structures, breakeven analysis, and project financing
- Risk management in oil and gas investments
- Hands-on Activity: Conducting an economic feasibility study for an oil or gas project
Module 3: Regulatory Frameworks and Policy Considerations
- Government policies, licensing, and regulatory compliance
- Role of national oil companies (NOCs) and international oil companies (IOCs)
- Environmental regulations and impact assessments
- Legal frameworks for oil and gas contracts and negotiations
- Hands-on Activity: Developing a regulatory compliance checklist
Module 4: Geopolitics and Global Energy Trade
- Geopolitical risks and their influence on oil and gas markets
- OPEC and non-OPEC dynamics in global energy policy
- Energy security, strategic reserves, and international agreements
- The role of oil and gas in diplomatic relations and economic sanctions
- Case Study: The impact of geopolitics on global oil supply disruptions
Module 5: Sustainability and Energy Transition in Oil and Gas
- The role of oil and gas in global energy transition
- Carbon pricing, emissions trading, and regulatory incentives for decarbonization
- Renewable energy integration and the future of fossil fuels
- Strategies for reducing carbon footprints in oil and gas operations
- Hands-on Activity: Developing an energy transition strategy for an oil and gas company
Related Courses
Course Administration Details:
METHODOLOGY
The instructor-led trainings are delivered using a blended learning approach and comprise presentations, guided sessions of practical exercise, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience, working as professionals and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
ACCREDITATION
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
TRAINING VENUE
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
ACCOMMODATION AND AIRPORT PICKUP
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
TAILOR-MADE
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
PAYMENT
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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