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IHRDC - International Human Resources Development Corporation

A Worldwide Leader in Oil and Gas Training - Since 1969

e-Learning Solutions

Content Details

 

Industry Overview

Oil & Gas Industry Overview
A comprehensive overview of the industry; learn what petroleum is, where it comes from and how it affects all of our lives on a daily basis. Become familiar with the various phases of the Oil and Gas Value Chain - upstream, midstream and downstream - the key industry players, the basics of oil and gas supply, demand and pricing and the challenges that the industry faces as demand for these important forms of energy grows by 50% in the next 25 years.

Upstream Sector

Upstream Oil & Gas Agreements
Upstream agreements define the legal, business and working relationships that exist between companies that explore for and produce oil and gas, and the government agencies or private parties that own the mineral rights. Learn how oil and gas leases are negotiated with a landowner in the U.S. and analyze the two main forms of agreements, the Concession Agreement and the Production Sharing Contract, used by host countries around the world.

Petroleum Geology & The Exploration Process
Examine the geological conditions that make for a good petroleum prospect, and learn why oil and gas are found in some places and not others. Also learn the step-by-step process to identify projects, from the initial surface reconnaissance to the drilling of exploratory wells.

Drilling and Well Completions
Geological studies and seismic surveys can indicate an oil or gas prospect, but the only way to know if that prospect contains oil or gas is to drill wells. Get an introduction to the basics of the rotary drilling process and learn the dramatic advances in drilling technology that have taken place in recent years.

Oilfield Development
The development and production of an oil or gas field is among the most involved and challenging business undertakings. Learn the steps involved in field development, from its initial planning stages, through reservoir analysis, subsurface design and construction of surface facilities. This course also covers components of long-term production, reservoir management and facilities maintenance.

Gasfield Development and Wholesale Markets
This course provides an overview of the significant gas properties and the units that are used to measure and sell natural gas. It demonstrates how a gas prospect is discovered and developed into a viable producing entity. Topics include estimating resources and reserves, field design process and surfaces facilities required to satisfy gas market specifications, and delivering gas to markets. It ends with a summary of the nature of the wholesale gas and gas liquids markets - power, petrochemicals, gas-to liquids - in various countries, and typical wholesale gas sales agreements.

Marketing & Trading of Crude Oil
Like other commodities, the market determines the value of crude oil. Examine how crude oil markets and pricing are established based on global and regional supply and demand, and how organizations such as OPEC affect these markets on a wholesale level.

Midstream Sector

Crude Oil Transportation & Storage
Every day, some 85 million barrels of crude oil are transported from producing fields to major refining centers, many of which are located hundreds or thousands of miles apart. Learn how, and at what cost, crude oil is transported in pipelines and tankers - the two most practical and economical methods for moving large volumes of crude oil over long distances.

Gas Processing and NGL Markets
This course offers an overview of the expanding gas processing sector, which has been impacted by the rapid development of unconventional gas. It explains how rich natural gas is first separated into methane and NGL and transported to fractionation plants, where it is separated into ethane, LPGs (propane and butanes) and natural gasoline. Special attention is given to the various uses for these liquid hydrocarbons, the market prices and economics of various rich gas streams when separated and marketed into individual components and their historical international market supply-demand and pricing profiles.

LNG Value Chain and Markets
This course covers the LNG value chain, from gas supply to liquefaction, ship transportation and receiving/regasification terminals, and the processes/facilities required in each sector. The economics of a special LNG case study are presented to show the typical economics of a project. You will learn the price that must be charged for LNG delivered into a distant market, considering capital and operating costs and the impact of the revenues received for the hydrocarbon liquids produced and sold with the gas. The course also contains a summary of the historical LNG market development, including the major exporters and importers, and the various regional market prices of LNG.

Natural Gas Pipelines, Facilities and Tariffs
Natural gas pipelines play an important role in delivering gas from sources of supply to markets. This course explains pipeline systems that exist in international gas markets, and the basics of pipeline design and construction, using recently built pipelines as illustrations of the process and the costs. Attention is then given to demonstrate how pipeline rates are structured by regulators, the impact of load factors, and the nature of such regulation in several countries, including the US and the Netherlands.

Load Balancing including Underground Gas Storage
This course explains how the market demand for natural gas changes by the hour, day, month and season and discusses the characteristics of the various load balancing options that are available to manage these load swings. Each of these options - underground storage (pore and cavern storage facilities), linepack, interruptible service and LNG peak shaving - is discussed in detail including operating characteristics and cost of service. Then the manner in which an actual gas distribution company designed a load balancing system to manage its gas swings is presented as an illustration.

Refining & Product Specifications
Crude oil, like other raw materials, has few practical uses in and of itself. Its value lies in the products that can be extracted from it. Learn how crude oil is processed into commercial products through various refining processes. Also explore why some refineries are more complex than others and what business decisions go into each day's refinery run.

Overview of Petrochemicals
Petrochemicals, which are derived from crude oil and natural gas, add a unique dimension to the Oil and Gas Value Chain. Learn how oil and gas feedstocks are converted into petrochemical products ranging from fertilizers to plastics, and from clothing to pharmaceuticals. The course also covers the economics of petrochemical plants and examines the success of a petrochemical plant in Trinidad.

Downstream Sector

Marketing & Distribution of Petroleum Products
Once crude oil has been refined into transportation fuels, heating oil, lubricants and other products, it must be marketed and distributed to commercial and retail customers. In this course you will learn how refined products make their way to pipelines, terminals, service stations and other outlets where the profits are being made in this downstream sector of the industry, and the economics of the modern gasoline super-station.

Gas Distribution, Marketing & Trading
This course covers the downstream gas value chain including gas distribution, the characteristics of the key international gas markets, and the manner in which gas supply is managed and sold into the retail market. It describes the design of a typical gas distribution system, the services it provides, typical distribution tariffs, and billing structure. Gas markets discussed include residential, commercial, industrial, power generation, vehicle fuel. Gas marketing and trading is introduced through the strategy that a "typical" gas distribution company follows in managing its gas supply in an "open access" gas industry environment.

Business Games

Oil Industry Business Game
Nicola, a dynamic Business Simulation Game, is used to integrate the subject matter of each course to recreate the challenge of discovering, producing, and marketing oil and gas to learn where value, in the form of financial performance, is created along the value chain.

Gas Industry Business Game
Nicola, a dynamic Business Simulation Game, is used to integrate the subject matter of each course to recreate the challenge of discovering, producing, and marketing oil and gas to learn where value, in the form of financial performance, is created along the value chain.


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