Dr. Michael Holmes 5 days

Who Should Attend
Geologists, geophysicists, engineers, economists/financial analysts, and managers with a minimum of one year petroleum industry experience.

Contents
Exploration techniques: Examples of major fields worldwide. Project development procedures: How a prospect is formulated, drilled and developed. Reservoir analysis: Determining volumes and deliverability of oil and gas through time. Risk analysis: Probabilities, confidence levels, Monte Carlo approaches, expected values and payoff tables, capital restriction, courses of action in conditions of uncertainty, decision trees, assigning uncertainty. Network diagrams, critical path, project evaluation and review techniques (PERT), project implementation and control, case history. Economic contracts worldwide: Tax/royalty, tax/sliding-scale royalty, Petroleum Revenue Tax (UK), Special Petroleum Tax (Norway), production sharing contracts. International contracts: Concession awards, duration and terms of exploration phase, discovery and appraisal, commerciality. Political/Economic risk, economic/ tax structures, contractor status, host country characteristics, strategic planning. International petroleum industry status: Capital expenditures, reserve life, oil and gas prices, environmental issues, industry future.

A.B. Lorenzoni 5 days

Who Should Attend
Those who will be managing a project, or those who will be or are members of a Project Management Team. Participants could also come from design, procurement, contracting, construction, project accounting and auditing, as well as those in upper management responsible for approval and stewardship of capital projects.

Contents
Introduction to Project Management: project definition; developing a project execution plan; setting up a project organization; contracting and proposal preparation. Project Controls: planning and scheduling; cost engineering. Detailed Engineering and procurement. Subcontract Administration and Control: construction management; construction progress/productivity/supervision; project accounting and auditing; summary discussion. Workshops.

Ernest Smith 2-3 days

Who Should Attend
This course is designed for technical, legal or financial managers in all areas of the petroleum industry , especially for those involved in legal and contractual issues.

Contents
The Role of Law in International Petroleum Transactions: Sources of Law; Common Law and Civil Law Systems; Transnational Reach of Domestic Law: Special Considerations Related to U.S. Law; Importance of the U.S. Tax Code; Dispute Resolution: Alternative Dispute Resolution (ADR); Considerations in Drafting Arbitration Clauses, Litigation, Obstacles to Enforcement. Choice of Law; Problems of Suing Foreign Governments; Recognition and Enforcement of Judgments and Awards; Methods of Awarding Development Rights: Individualized Negotiation; Bidding Processes; Types of Agreements: Concessions, Leases and Licenses, Production Sharing Agreements, Clauses Benefiting Foreign Corporations; Operations: Joint Operating Agreements, Environmental Obligations; Unitized Operations; Joint Development Zones; Decommissioning; Marketing Production Types of Transactions: Term Contracts, Single Cargo Sales, Futures, Swaps and Similar Devices; Contract Formation and Governing Law, Allocation of Costs and Risks; Documentary Sales.

G. T. Maureau 5 days

Who Should Attend
Geologists, geophysicists, exploration managers, economists, engineers and lawyers/negotiators involved in international E & P operations.

Contents
Economic Assessments: yardsticks of success includes among others, net present value (NPV), rate of return (ROR), payout, growth rate of return, time value of money, risk weighted ROR and NPV, expected monetary value (EMV), cash flow sensitivity analysis. Decision Making Under Uncertainty: preference theory and risk aversion; introductory probability and statistics; risk quantification and probability distributions. Risk Assessment in Oil and Gas Ventures: exploration risk models (geologic and statistical methods); engineering risk; economic and political risk; Monte Carlo simulation. International Land Tenure Agreements: concession agreements, production sharing contracts, technical and risk service agreements. The Three Who's: "Who owns the hydrocarbons?", "Who takes the risk?" and "Who gets the lolly?"; hybrid agreements; examples of several types of contracts from around the world. Critical Negotiable Elements: economic, political, legal and cultural problems; hints for negotiating success. The Real World: several class participation and role playing exercises and "real life" negotiation problems.

Robert F. Ryan 3 - 5 days

Who Should Attend
Line and staff managers (particularly middle and senior managers), human resources and organizational development professionals.

Contents
Presentation of model demonstrating the dynamic interrelationships of leadership, motivation, individual and group behavior, organizational climate, and performance. Covers the motivation theory of Dr. David C. McClelland. Competency model depicting the characteristics of effective leaders and their critical job responsibilities. Description of the eight dimensions of Organizational Climate--Operational Effectiveness, Responsibility, Alignment, Quality, Teamwork, Recognition and Rewards, Commitment, and Customer Orientation. Key principles of Change Management. Analysis of participants' individual and organizational environments and development of practical action plans to improve their own unique situations. Multiple assessment inputs motivational patterns, leadership style, organizational style; case studies; small group work; individual consultation.

H. J. M. Ed de Groot 3 - 5 days

Who Should Attend
Line and staff managers, particularly middle and senior level managers, human resource and organizational development professionals, and those with responsibility for leading and implementing the transition process within companies.

Contents
Comparison of organizations, economic principles, aims and objectives (East/West). Structures of companies and economic relationships with society (East/West). Leadership and management styles (East/West). An individual's place in the organization from a political, economic, and social point of view. The transition of the economic system and its effects on the industrial organization, differences in countries' approaches, main problems and priorities in the transition, conceptual and practical organization consequences. Assessment of participants' individual and organizational situation and the development of practical action plans to improve/ change their own unique situations. Workshops, discussions, and case studies.