oilngasmgt

MODULES

Modules will cover the usual MBA functional areas, plus the following specialized topics:

MODULE ONE: OIL & GAS INDUSTRY, REGULATIONS & HSE MANAGEMENT

  1. Introduction: History of the Oil and Gas Industry
  2. Origin of Oil and Gas: Oil and Gas formation; Oil and Gas migration
  3. Rock/Rock properties: Source rock; Hydrocarbon traps
  4. Acquisition of Petroleum Rights/Applicable Oil and Gas Regulations, including PIB and Nigerian Content Law
  5. Basic exploration methods
  6. Basic drilling
  7. Basic well completion
  8. Petroleum production
  9. Production facility and management
  10. HSE Regulations and Management Systems; Occupational Health and Safety, Oil Spill, Gas Flaring, Noise, Risk Assessment and Environmental Impact Assessment [EIA Decree 86, 1992] and Corporate Social Responsibility

 

MODULE TWO: PETROLEUM ECONOMICS

  1. Introduction: Definition of Petroleum Economics
  2. Highlights of Decision Analysis
  3. Types of Exploration and Production Contracts/Payment
  4. Elements of Cashflow Analysis: Time Value of money; Interest Rates
  5. Taxation; Depreciation, Depletion and Amortization
  6. CAPEX, OPEX Royalties
  7. Expected Value Concept
  8. Decision Tree Analysis
  9. Basic Probability and Statistics
  10. Revenue Forecasting
  11. Applicable HSE Issues and Petroleum Regulations

 

MODULE THREE: CONTRACT PLANNING, COST ESTIMATION AND PROJECT CONTROL/ MANAGEMENT

  1. Introduction: Define the Activity

-Petroleum Exploration

-Petroleum Development

-Petroleum Production

-Petroleum Refining

-Liquefaction of Natural Gas

-Oil and Gas Marketing

 

  1. Efficient and Effective Contract Planning
  2. Joint Venture Arrangement

Farm In/Farm Outs

-MOU [Memorandum of understanding]

-Production Sharing

-Merger and Acquisition

 

  1. Project Cost Estimate

-Cost Saving

-Cost Reduction

-Cost Control

 

  1. Petroleum Profit Tax

– PPTA 1959

 

  1. Company Performance and Leadership

 

MODULE FOUR: OIL AND GAS RESERVOIR CLASSIFICATION AND ESTIMATION [CRUDE OIL, NATURAL GAS, AND CONDENSATE]

Part A:             Reserve Classification

Part B: Reserve Estimation

-Analogue methods

-Volumetric methods

-Material Balance

-Performance/ Decline Trend Analysis

-Problems in Reservoir Estimation and Classification

-Field Development

-Probabilistic Estimate