Overview of the International
This workshop is an abbreviated version of our popular International Petroleum Business Workshop. It is ideal for individuals from many different backgrounds (lawyers, accountants, HR, IT specialists, etc.) who seek a broad introduction to the international petroleum industry. It introduces participants to the integrated oil and gas value chains through a combination of “overview lectures” and team participation in a challenging business game set in West Africa.
Sessions begin with an Overview of the Industry and then progress to the Upstream Sector (Host Country Agreements, Exploration, Drilling, Reserves Estimation, Field Development, Crude Marketing), Midstream Oil Sector (Crude Transportation and Refining), Midstream Gas (Transportation, Processing), Downstream Oil (Products Distribution and Sales), and Downstream Gas (Distribution, Power Generation, and Petrochemicals).
During the business game, teams of participants explore for and discover oil resources and then decide on how the upstream and midstream oil and gas sectors will be developed in order to sell hydrocarbons into the downstream markets that they have elected to develop. Their decisions are then implemented over a 20-year production period and the financial results reported on by each team at the end of the program. The team with the best performance is awarded the Workshop Prize! IHRDC has received rave reviews from participants who have attended this program because... "it is a very effective and fun way of learning!"