Overview of the International Gas Industry
Gas Measurements and Units; The Gas Chain; Market Structures; Worldwide Natural Gas Economics; Regulation and Deregulation; Major Players; Evolution of the Integrated Gas-Power Business.

Workshop: Introduction to the Exploration Opportunity in the Republic of Expetra

Host Government Exploration Agreements
The Various Forms of Host Government Agreements; Leasehold Interests; Royalty/Tax Agreements; Production Sharing Agreements; Review and Analysis of the Principal Terms of Sample Agreements.

Workshop: Negotiation of the Exploration & Development Agreement

The Exploration Process and the Benefits of Technology
Geology; Exploration; Geophysics; Well Logging; Developing Exploration Prospects; Preparing and Interpreting Geological Maps; Exploration Prospect Generation and Portfolio Management.

Workshop: First Exploration Year Decision

Drilling, Evaluation and Well Completions Practices
Planning the Well; Logistics; Drilling Functions; Drilling Procedures; Preparing the AFE; Formation Evaluation Methods; Horizontal Wells; Improvements in Drilling.

Workshop: Contour Mapping of Seismic Results

Energy Project Investment Analysis
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.

Workshop: Second Exploration Year Decision

Gas Field Performance and Reserves Estimation
Overview of Production and Reservoir Management in the Gas System; Production Technology; Well Testing; Reservoir Performance; Reserves Estimation.

Workshop: Third Exploration Year Decision & Reserves Estimation

Gas Processing: Technology, Economics, LPG and Ethylene Markets
Overview of Gas Processing Systems; Liquid Separation Processes; LPG Fractionation Options; Compression; Engineering Design and Contracting Methods; the Market for LPGs; Project Feasibility/ Economics; Ethylene Processing, Economics and Markets.

Workshop: Gas Processing and Ethylene Plant Decisions

Gas Pipeline Systems and Tariffs
Major Considerations in the Cost-Effective Design, Construction, and Operation of Gas Pipeline Systems; System Design Variables; Impact on Cost and Capacity; Estimating Project Costs; Pipeline Load Factors; Typical Pipeline Tariff; Examples of Recent Pipeline Construction Costs.

Workshop: The Gas Pipeline Decision: From Field to Markets

Load Balancing Systems and Tariffs
Needs for Load Balancing and System/Customer Benefits; Storage Options, Capital and Operating Costs: Underground, Cavern and LNG Facilities; Operational Procedures; New Options for Marketing Storage Service; Case Examples.

Workshop: Integrating Load Balancing and Pipeline Facilities

Gas Sales Contracts
Typical Terms in Gas Sales Contracts; Price-Volume; Risk Allocation; From Gas Contracts To Tariffs; Indexing; Re-openers; Typical Contract Examples.

Workshop: Initial Upstream Development Decision

Measuring Company Financial Performance
Review of Financial Statements: Income Statement, Balance Sheet, Cash Flow and Shareholders Equity; Capital and Operating Costs; Measurements of Financial Performance; Benchmarking; Utility Accounting Methods; Taxation; the Accounting and Audit Process.

Workshop: Fifth Production Year Decisions

International Gas Economics: Supply,
Demand, Prices
Overview of Natural Gas in World Energy Markets: Worldwide Gas Supply, Demand, Exports and Reserves; Economics of Gas Supply and Gas Transportation; Role of Gas in Regional Energy Markets: the US and Japan as Examples.