Virtual Mentored Learning

IHRDC

Midstream/Downstream Petroleum Business Fundamentals with a Challenging Learning Simulation Game

  • April 1-May 10, 2019 click to enroll
  • July 15-August 23, 2019 click to enroll
  • October 28-December 6, 2019 click to enroll

This six-week program is devoted to the midstream and downstream petroleum value chain with emphasis on technology, commercial fundamentals, and global markets for a wide range of petroleum processes and products. Weekly sessions include three hours of individual e-Learning and one-hour virtual session with an IHRDC mentor, who discusses the weekly learnings and introduces the business simulation assignments. Participants are then asked to evaluate alternatives and make decisions with respect to the midstream and downstream development of the West Africa project simulation assignment for that week.

SUBJECT AREA Petroleum Business
TARGET AUDIENCE Technical, commercial, and operations personnel who seek an in-depth understanding of the Midstream and Downstream Sectors of the petroleum industry and how it integrates into the larger oil and gas industry.
COMMITMENT 3-4 hours self-study and 1 hour online virtual mentored session per week for six continuous weeks.
LEARNING FORMATS e-Learning self-study, individual or team participation in a competitive simulation game with a virtual mentor.
SIMULATION SCENARIO Individuals/teams evaluate gas market alternatives and make development recommendations with respect to the midstream and downstream project options. The best performing team through 20 years of production wins the Team Prize.
MENTORS
DR. DAVID A. T. DONOHUE
DR. CHARLES BRANKMAN
DR. Y. SERDAR DOGULU
LANGUAGE e-Learning courses in English, Spanish and Portuguese
ENROLLMENT FEE
PRICE US $750 per person
PRICE US $2,250 per Team (up to 5 members)
DATES April 1-May 10, 2019
July 15-August 23, 2019
October 28-December 6, 2019
Program Content
    e-Learning   e-Learning
    Virtual Mentored Learning   Virtual Mentored Learning
    Simulation Game   Simulation Game
PRE-LEARNING   e-Learning   Overview of the Petroleum Value Chain
  Simulation Game   Project Cash Flow Analysis
WEEK ONE   e-Learning Virtual Mentored Learning Crude Oil Transportation Options
  Simulation Game   Introduction to Simulation Scenario; Analyze Transportation Options
WEEK TWO   e-Learning Virtual Mentored Learning Gas Processing and NGL Markets
  Simulation Game   Select Gas Processing Facilities
WEEK THREE   e-Learning Virtual Mentored Learning Petroleum Refining and Product Specifications
  Simulation Game   Analyze Crude Oil Refining Opportunities
WEEK FOUR   e-Learning Virtual Mentored Learning Overview of Petrochemicals
  Simulation Game   Evaluate Petrochemicals Opportunities
WEEK FIVE   e-Learning Virtual Mentored Learning Marketing and Distribution of Petroleum Products
  Simulation Game   Select Product Markets; Submit Integrated Development Decision
WEEK SIX   Simulation Game Virtual Mentored Learning Mentor Summary of Petroleum Simulation Game Results