Essential Skills for Oil and Gas Professionals Training Course in London

BMC Training provides Essential Skills for Oil and Gas Professionals Course in London.There are 4 sessions for the course Essential Skills for Oil and Gas Professionals in London , UK.

Essential Skills for Oil and Gas Professionals Training in London , UK

Course Code : MNG218 - Course Address : Hilton London Paddington Hotel - Course Fees : 9900 GBP

City Start Date End Date View
London , UK 24 - 12 - 2023 4 - 1 - 2024
London , UK 28 - 1 - 2024 8 - 2 - 2024
London , UK 18 - 2 - 2024 29 - 2 - 2024
London , UK 17 - 3 - 2024 28 - 3 - 2024
Course Description


This seminar provides the skills to build knowledge of the oil and gas industry, as well as the necessary competencies to meet the challenges currently being faced.

The Oil & Gas industry is undergoing the most significant changes that we have seen for many years with new business models, companies and sources emerging.  With the international demand for petroleum products reaching record levels hit record high levels so too is the complexity facing the Oil & Gas industry.


  • Build knowledge as to the nature and challenges facing the oil and gas industry
  • Understand the key players and commercial drivers
  • Examine the industry structure with specific emphasis on the ‘upstream’ component
  • Understand framing agreements including joint ventures and product sharing contracts
  • Examine the importance of effective project planning and execution


Day One

The Oil and Gas industry overview

  • The nature of the Oil and Gas industry
  • Who are the key players?
  • Strategic challenges and opportunities facing the industry
  • Structures and business models
  • Case study review

Day Two

Commercial drivers

  • Upstream, midstream and downstream operations
  • Exploration, evaluation and production
  • Lifting and production costs
  • Reserve estimates
  • Case study review

Day Three

Oil and Gas exploration and production arrangements

  • Framing agreements
  • Joint ventures
  • Product sharing agreements
  • Implications and challenges
  • Joint operating agreement review

Day Four

Capital project planning and execution

  • Importance of project planning
  • Front end loading
  • Hot spots and challenges
  • Creating and protecting value
  • Implementing effective project control framework

Day Five

Risk management application

  • What is risk management and why it is important?
  • Risk management as applied to capital projects.
  • Specifying objectives and identifying project uncertainties
  • Technical and non-technical risks
  • Risk register review and analysis
  • Stakeholder identification and mapping

Day Six

Project economics

  • Evaluating opportunities
  • Discounting and non-discounting methods
  • NPV, IRR
  • Discount rates
  • Case study application and review

Day Seven

Cost & estimation

  • What is a cost estimate?
  • What factors influence an estimate?
  • Determining contingencies
  • Probabilistic models
  • Monte Carlo simulation
  • Challenges and areas for improvement

Day Eight

Capital contracting issues

  • Managing the oil and Gas spend
  • Understanding the market
  • Developing the appropriate contracting strategy
  • Reward structures and options
  • Contract award and the importance of contract management
  • Case study application and review

Day Nine

Measuring and reporting performance

  • External and internal reporting
  • Identifying report user requirements
  • KPIs
  • Measuring and reporting project performance
  • Earned value management analysis and reporting

Day Ten

Oil and Gas Capstone case study

  • A case study dilemma
  • Key learnings
  • Summary and course wrap up
Where will the course be held?

The course will be held in Paddington. The exact address and directions will be provided to all enrolled participants prior to the start of the course.

What topics will be covered in the course?

The course will cover a range of topics related to the subject matter, including but not limited to the topics of outlines. By the end of the course, you'll have a solid understanding of the key concepts and techniques in the field, and be able to apply them to real-world situations. Detailed course outlines and learning objectives will be provided to all enrolled students prior to the start of the course.

What is the schedule for the course?

The course is expected to run for 3 hours daily. The exact schedule and timing will be confirmed and communicated to all enrolled students via email at least 2 days prior to the course start date.

What do I need to bring to the course?

All you need to bring is yourself, a notepad or laptop for taking notes, and a willingness to learn! We'll provide pens, paper, and any required textbooks or handouts.

What is the instructor's background and experience?

Our instructors are seasoned industry professionals with over 10 years of experience in the field. They hold a master's degree in the subject matter and have a proven track record of success working with trainees of all levels. You'll have plenty of opportunities to ask questions and get feedback throughout the course.

What are the T&C for this course?

Please visit our Terms and Conditions page

What kind of certificate will I receive upon completion of the course?

Upon completion of the course, you will receive an attendance certificate indicating that you have completed the course. This certificate is not accredited or recognised by any particular institution or organisation, but it can be used to demonstrate your commitment to continuing education and professional development.