Exploration Agreements
Typical Host Country Exploration agreements: Summary of the History and Key Provisions of Host Country Exploration Agreements including Bonus Payments, Royalties, License Fees; Production Sharing Arrangements; Participation Arrangements.

Petroleum Exploration
The Exploration Process: Petroleum Geology, Exploration Geophysics, Well Logging, Developing Exploration Prospects, Preparing and Interpreting Geological Maps; Case Studies.

Drilling, Field Development & Reservoir Management
Drilling of Exploration and Development Wells; Formation Evaluation; Well Completions; Estimating Reserves; Field Development: Inflow Performance; Surface Facilities Design; Reservoir Management; Enhanced Recovery.

Gas Processing and Marketing of LPG’s
Properties of Gas and Gas Liquids; Processing of Associated Gas; Markets for LPG’s; Natural Gas Pipeline Standards; Natural Gas Plants Economics.

Crude Oil and Natural Gas Pipeline Systems
Introduction to Crude Oil Pipelines; Major Considerations in the Design, Construction and Operation of Pipeline Systems; Estimating Project Costs; Pipeline Load Factors; Typical Pipeline Tariff; Examples of Recent Pipeline Construction Costs; New Pipeline Developments.

Measuring Financial Performance
Capital vs. Operating Cost; Depreciation and Depletion; Income Statement; Balance Sheet; Cash Flow Analysis; Taxation and Tax Codes; Preparing Corporate Financials; The Audit; Reading Published Financial Statements; Evaluations and Company Corporate Performance.

Petroleum Industry Accounting & Taxation
Successful Efforts vs. Full-Cost Accounting; Corporate Taxation; Petroleum Taxation; Accounting for Host Government and Joint Venture Agreements; Review of Oil Industry Financial Reports and Performance Indicators Including Supplemental Reserve Estimates.

Energy Project Economics
Economic Yardsticks; Project Cash Flow Before and After Tax; Tax Expenses and Benefits; Net Cash Flow Stream and Payout; Time Value of Money; Opportunity Cost and Present Value of Net Cash Flow; Discounted Cash Flow Analysis and Internal Rate of Return; Risk Assessment and Sensitivity Analysis; Examples of the Economic Analysis of Energy Projects.

Worldwide Petroleum and Natural Gas Economics
Worldwide Energy Supply; Demand; Reserves; Pricing; Corporate Strategy; Recent History and Prediction of Future Trends.

Markets for Associated Natural Gas
The Natural Gas Chain: Industry Structure and Regional Markets, Interfuel Competition; Gas Distribution; Regulation and Deregulation; Economics and Markets for Gas Including Combined-Cycle Power Plants, LNG, Ammonia and Methanol.

Crude Oil Tanker Transportation
The Tanker Industry: An Overview of the Main Characteristics; Capital and Operating Costs; Pollution at Sea and the New Regulations; Calculating Tanker Transportation Rates; World Scale and Charter Arrangements.

Refining and Petrochemicals
Refinery Capacity Evolution; Technology Changes in Refining Units; Refining Capital and Operating Costs; Profitability of Refining; Net-Back Estimation; Some Recent Trends. Petrochemicals in Perspective; Links to Refining; Key Product Families; Industry Drivers: Cost of Production, Supply /Demand; Profitability and Price Forecasting; Prospects for the Future: Maturity, Environmental Concerns, Global Competition.

Marketing of Crude Oil and Products
Development of the Free Market for Oil; Current International Market Structure; Regional Markets: Physicals, Futures, Forwards, Derivatives, Options; Roles of Participants, Price Formation, Price Volatility; Price Reporting, Crude Oil and Product Pricing; Negotiating and Pricing Petroleum Sales Contracts; Introduction to Hedging and Price Risk Management.

Distribution and Retail Marketing of Petroleum Products
Distribution and Retail Marketing of Petroleum Products.