International Gas Business Management Certificate Program
May 12-23, 2003
September 29 - October 10, 2003
Boston, MA   USA
Workshop
Workshop

The gas business workshop is an integral part of the learning process and a challenging business game. Participants, divided into teams, make the real-life technical and financial decisions that confront managers in the international gas business today, while exploring and developing a major gas prospect over a simulated 20-year period. Approximately one-half of the program is devoted to workshop sessions. This classic IHRDC business game and workshop consistently leads to very high praise from participants for its realism, stimulation of the learning, and the benefits of working in teams with delegates from many other countries. Team performance is measured on a financial basis and a healthy competition exists among the teams to achieve the best overall financial performance.

This gas business workshop involves a challenging Atlantic Basin business game. During the game, teams choose from several offshore exploration blocks in the Republic of Expetra, an unexplored island in the Caribbean north of Trinidad. Gas and condensates are expected to be discovered in the deep offshore. Teams enter into exploration and other agreements as they explore for and develop the discovered reserves and then decide on how these reserves will be marketed over a 15-year production period. Markets include LNG exports to the US and Europe, LPG and ethylene plants, gas pipeline to Miami, gas distribution and storage operations in the US, power plants in the US and Expetra, ammonia, methanol and gas-to-liquid plants in Expetra.

Workshop sessions include:

• Introduction to the Exploration Opportunities
• Negotiation of the Exploration & Development Agreement
• Seismic Exploration and Mapping of Seismic Results
• Exploration Drilling and Reserves Estimation
• Gas Processing LPG and Ethylene Market Decisions
• The Gas Pipeline Decision: From Field to Markets
• Integrating Load Balancing and Pipeline Facilities
• Gas-Fired Power Plant Market Decisions
• Gas Distribution Business Decision
• Assessment of Markets for Methanol, Ammonia & GTL
• Export Pipeline and Storage Decisions
• Assessing Two LNG Markets Opportunities
• Integrated Field Development and Market Decisions
• Decisions During the Project Life-Cycle