International Oil, Gas and Power Project Development and Management
June 2-13, 2003
Boston, MA   USA
Unit Two
Unit Two: Commercializing Oil, Gas and Power Projects


Program Objectives
During this unit participants will learn the procedures required to commercialize energy projects from initial screening studies through financing, construction and start-up. In essence they will continue the work of Unit One by developing business plans, negotiating key project agreements, planning the development schedules, analyzing all risks, securing financing for the projects, and managing the project through start-up. The projects will then be managed over a simulated period of 20 years.

Who Should Attend
Individuals from all sectors of the oil, gas and power industry who wish to learn the practical skills and integrated “know-how” of planning, developing and managing commercial energy projects should attend this program.

Program Content
The program is devoted to the development of robust energy projects through the application
of entrepreneurial skills to a structured project management process. The process begins with
the identification of a business opportunity and ends with its commercialization as a long-term,
successful asset. The program content includes:
Energy Business Environment
Introduction to the oil, gas and power value chains and the identification of business opportunities along these chains.

Developing a Realistic Business Plan
What types of projects should be considered, in what countries and what constitutes an early “knock-out” to a project?

Project Fundamentals
Significant time will be spent in discussing the best practices to be followed in developing a successful energy project. Key project fundamentals will be discussed including: market assessment, technology and processes; feedstock requirements, obtaining project equity and debt capital; estimating capital and operating costs, negotiating engineering and procurement contracts, environmental assessment and compliance practices, government agreements and obtaining regulatory permits, risk analysis and risk management; and planning for successful operating and maintenance practices.

 Project Management Practices
Professionally accepted structured project management processes: Identify Opportunities, Screen, Select, Develop, Execute, and Operate. Summary of the Project Management Institute’s project management guidelines.

Project Development
Combining project fundamentals and good project management practices to assure the successful development of robust energy projects. This session will include a discussion of the “emotional intelligence” and key skills required of the project development team.

Case Studies
Throughout this program, participants will apply project fundamentals and the structured project management process to the development of a selection of practical energy projects in E&P, gas processing and transportation, LNG and petrochemicals. This will be done in a “business game” context which will allow teams of participants to compete with eachother to achieve the strongest overall financial performance in the game.