3

OIL & GAS

2017
 OIL & GAS
2017

OG.1A Oil & Gas Sector - Business Environment 2

OG.1B Oil & Gas Sector - Finance 4
OG.1 Oil & Gas Sector - Business Environment and Finance 6
OG.2 Fundamentals of Oil & Gas Exploration & Production 8
OG.3 Upstream Oil & Gas Development Lifecycle Costing 10
OG.4 Oil & Gas - Contract Management 12
OG.5 Introduction to Process Safety 14

2017 Course Calendar 16
 Who should attend?
Senior managers within Oil & Gas or
those identified via organisational talent
management for fast track to a senior
role
OIL & GAS Public sector officials with responsibility
for the state management of Oil & Gas
resources

BUSINESS Engineers and project managers who

are looking to develop leading edge
practice for both themselves and their
organisation
ENVIRONMENT

Learning Objectives
To provide delegates with an in-depth understanding of
the global Oil & Gas business environment
To fully equip delegates with the necessary understanding
of emerging trends and opportunities
To develop an appreciation of the macro-economic factors
both regionally and globally that shape the industry

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 Global Threats and Opportunities
Overview of global reserves and
Peak Oil concept
Alternative technologies threat
Course Content or opportunity
Emerging territories and cost of
access
Environmental aspects
Global Market Forces Strategic Relationships
The influence of OPEC Production agreements
The US position Joint venture partnering
Asean influence Regional government
African influence Global upstream and
downstream models
The Cohesive Producer
Aligning strategy with the global
picture
Input and cost management
Output and pricing
management
Corporate Social Responsibility
and communication
Industry Governance
Developing and enhancing
governance policies
Combating economic crime and
corruption
Impacts of the Dodd Frank Act
Global best practice and case
studies

Course code: OG.1A 16th - 20th January

Duration: 1 week 15th - 19th May
Course fee: 2,950 11th - 15th September

www.lct.co.uk 3
 Who should attend?
Senior managers within Oil & Gas or
those identified via organisational talent
management for fast track to a senior
role
Public sector officials with responsibility
for the state management of Oil & Gas
resources
OIL & GAS Engineers and Project Managers who
are looking to develop leading edge

FINANCE
practice both for themselves and their
organisation

Learning Objectives
To provide delegates with an in-depth understanding of
the key financial management systems
To fully equip delegates with the necessary understanding
of financial instruments and their impacts
To enable delegates to effectively manage: Market risk,
Credit risk and Liquidity risk
To enable delegates to undertake effective financial
modelling and scenario planning

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Course Content
Effective Risk Management
Key concepts and elements of
risk management
Managing market risk
Managing credit risk
Managing liquidity risk
Course code:
Duration:
Course fee:
Effective Treasury Management Key Financial Management
Overview of global treasury Systems
models Effective budget preparation
Structuring effective return,
income and defensive portfolios
and management
Cash-flow management and
Roles and impacts of financial forecasting
instruments Interpreting key financial
Effectively managing statements
geographic and asset risks Key financial ratios and analysis
Practical Financial Modelling Role and Impact of
Key principles within financial Financial Instruments
modelling Derivatives
Constructing key financial Bonds
models Options
Linkage of models and sub- Futures
models
Scenario planning applications
OG.1B 23rd - 27th January
1 week 22nd - 26th May
2,950 18th - 22nd September
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 Who should attend?
OIL & GAS Senior managers within Oil & Gas or
those identified via organisational talent

BUSINESS
management for fast track to a senior
role
Public sector officials with responsibility
for the state management of Oil & Gas
resources
ENVIRONMENT Engineers and project managers who
are looking to develop leading edge

& FINANCE
practice both for themselves and their
organisation

Learning Objectives
To provide delegates with an in-depth understanding of
the global Oil & Gas business environment
To understand emerging trends and opportunities
To develop an appreciation of the macro-economic factors
both regionally and globally that shape the industry
To provide delegates with an in-depth understanding of
the key financial management systems
To equip delegates with the necessary understanding of
financial instruments and their impacts
To effectively manage: market risk, credit risk and liquidity
risk
To enable delegates to undertake effective financial
modelling and scenario planning

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Course Content
Global Market Forces
The influence of OPEC
The US position
Asean influence
African influence
Strategic Relationships
Production agreements
Joint venture partnering
Regional government
Global upstream and
downstream models
Effective Risk Management
Key concepts and elements of
risk management
Managing market risk
Managing credit risk
Managing liquidity risk
Course code:
Duration:
Course fee:
Global Threats and Opportunities
Overview of global reserves and
Peak Oil concept
Alternative technologies threat
or opportunity
Emerging territories and cost of
access
Environmental aspects
Key Financial Management
Systems
Effective budget preparation
and management
Cash-flow management and
forecasting
Interpreting key financial
statements
Key financial ratios and analysis
Effective Treasury Management
Overview of global treasury
models
Structuring effective return,
income and defensive portfolios
Roles and impacts of financial
instruments
Effectively managing
geographic and asset risks
OG.1 16th - 27th January
2 weeks 15th - 26th May
4,250 11th - 22nd September
www.lct.co.uk
Industry Governance
Developing and enhancing
governance policies
Combating economic crime and
corruption
Impacts of the Dodd Frank Act
Global best practice and case
studies
The Cohesive Producer
Aligning strategy with the global
picture
Input and cost management
Output and pricing
management
Corporate Social Responsibility
and communication
Practical Financial Modelling
Key principles within financial
modelling
Constructing key financial
models
Linkage of models and sub-
models
Scenario planning applications
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 Who should attend?
Professionals who need to learn about
the industry
Personnel within the industry
FUNDAMENTALS OF Technical support staff entering the
industry
Technical staff who want to expand their
OIL & GAS understanding of the industry

EXPLORATION
Students considering the industry as a
career

& PRODUCTION

Learning Objectives
To provide a comprehensive overview of the oil and gas
exploration and production industry
To provide a historical, current and future perspective for
both non-technical and technical staff
To provide an overview of the principles of exploration,
drilling, development and production
To provide an understanding of what is happening in the
industry
To provide an understanding of what the future holds
To understand the full lifecycle from exploration to product
delivery
To understand the nomenclature and terminology used in
the industry

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 Introduction to
Exploration and Production (E&P)
Historical and cultural
Course Content perspectives
Types of oil and gas resources
Petroleum geology and
geoscience
Finding oil and gas
Surface aspects of E&P
Processing and Export
Oil and gas production and
export facilities
Development project
management and costing
Health, environment and safety
and communication

Subsurface aspects of E&P Business aspects of E&P

Reservoirs and Wells Integrated Field Development
Understanding the reservoir Planning
Drilling Production contracts and
Optimizing production licenses
Economics, risk and investment
analysis
Decision making

Course code: OG.2 10th - 13th April

Duration: 4 days 21st - 24th August
Course fee: 2,950 11th - 14th December

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 Who should attend?
Upstream oil and gas industry
professionals, managers and discipline
experts, who need to gain a deeper
understanding of upstream lifecycle
costing
UPSTREAM Persons involved in industry oversight,
OIL & GAS from regulators, government agencies,
non-governmental organisations

DEVELOPMENT
(NGOs), charities, special interest
and campaigning groups that need to
understand the cost constraints under
LIFESTYLE COSTING which oil companies operate
Early career professionals wishing
to advance their understanding of
upstream oil and gas costing and
economics issues

Learning Objectives
To prepare participants to collaborate within
multidisciplinary teams on field development planning
tasks leading to investment decisions
To gain a comprehensive overview of the nature and
magnitude of exploration, development, production and
decommissioning costs
To understand how to express lifecycle costings in cash
flow and economic models
To gain an understanding of the challenges of upstream
lifecycle costing, and of dealing with uncertain and
incomplete information

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 Course Content

Upstream Oil & Gas
Lifecycle Costing
Aspects of the upstream oil and
gas exploration, development
and production industry.
The asset (oil or gas field)
lifecycle from acquisition
and exploration, through
to production and
decommissioning
Relationship to cost estimation
and cost engineering
Approaches to costing
Bottom-up vs. top-down
approaches
Analog, benchmarking,
parametric and cost metrics
approaches
Provision for engineering
growth, contingency,
unallocated provision,
operators reserve
Types of cost: exploration;
capital (capex), operating
(opex) and decommissioning
(abex)
Upstream Oil and Gas Lifecycle
Cost Components
Description of the items
(activities, services, wells,
facilities) that add to lifecycle
costs (so they mean more than
just numbers in a spreadsheet)
Illustrative costs for all
components
The parameters (key-drivers)
that most influence the cost of
components
Cost metrics and rules-of-thumb
Building of a cost model
Field Development Planning
Introduction of the time element
Time value of money,
discounted cash flow, basic
petroleum economics
Cost, production, revenue,
cash-flow profiles
Building of an economic model
The wider context
Issues relevant to how costs are
prepared, used and influenced
Petroleum production licences
and contracts
Cost train wrecks when costs
go out of control
The wisdom (and cost) of front
end loading (FEL)
Current and future challenges
to oil and gas production (and
hence to costing)
Human aspects (biases,
irrationality, vested interest) that
can skew costing
Dealing with risk, uncertainty
and incomplete information
Decision making
Regional and host-country
factors, including productivity
and local content issues

Course code: OG.3 18th - 21st April

Duration: 4 days 29th August - 1st September
Course fee: 2,950 18th - 21st December

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 Who should attend?
This is a stimulating and practical course
designed for directors, managers, senior
executives and decision makers involved
in strategic and operational functions,
including managers of procurement,
OIL & GAS finance, legal, risk and supplier relations
and who want to understand how to

CONTRACT
maximise competitive advantage in the Oil
and Gas sector.

MANAGEMENT

Learning Objectives
To lead and manage procurement processes and contract
discussions and negotiations
To identify risks that contracts should address
To employ contractual tools and techniques to increase
competitive advantage
To appreciate the importance of typical standard contract
terms and conditions
To initiate and develop better commercial contracts within
their organisation
To learn to identify key elements of commercial contracts
To improve supplier performance through better contracts
To plan and manage the resolution of contractual disputes

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Course Content
Managing the Purchasing Process
Purchasing best practice
Creating market interest in your
opportunity
The statement of work for an oil
services contract
Results-based purchasing
techniques
Evaluating supplier proposals
Is the lowest cost bid that is
technically compliant the right
one?
Moving from bid to contract
award
Petroleum Industry Contracts
Formation of the contract
Express and implied terms
Typical features of exploration
and production contracts and
contracts for the supply of oil-
related services
Local content contract
requirements
Knock-for-knock
Liability considered
Anti-corruption measures in
petroleum industry contracts
Case study exercises
Dispute Resolution in
the Petroleum Industry
Contract breaches and
remedies
Termination of contract
Should we litigate?
Using arbitration, mediation or
conciliation as means to resolve
contractual disputes
Strengths and weaknesses of
Alternate Dispute Resolution as
an alternative to litigation
Dispute resolution scenario
Managing Contractor
Performance
Identifying and managing
supplier risk
Getting and maintaining
supplier contract performance
Service Level Agreements (SLA)
Setting SMART objectives
Key Performance Indicators
(KPIs)
Contract governance; managing
contractual variations
Why performance is important
and who is involved
Post contract closure action
Contract Negotiation Skills and
Practice in a Petroleum Industry
Context
Preparing for the negotiation
Understanding the position of
the other side
Negotiation roles and tactics
Reaching an agreement
Knowing your Best Alternative
to Negotiated Agreement
(BATNA) what happens if the
negotiation fails
Negotiation role play

Course code: OG.4 27th February - 3rd March

Duration: 1 week 12th - 16th June
Course fee: 2,950 2nd - 6th October

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 Who should attend?
Technical, commercial and
management staff that require a high
level technical overview of process
INTRODUCTION TO safety in the hydrocarbon processing
industry

PROCESS
Personnel within the industry
Technical support staff entering the
industry
Technical staff who want to expand their

SAFETY
understanding of the industry
Anyone who would like to develop a
broad understanding of process safety

Learning Objectives
The final objective at the end of the course is to create a broad
understanding of the tools and problem solving techniques
used in process safety. The delegates should achieve the
following four key learning outcomes:

Understand what process safety is and the human,

environmental and business consequences of poor
process safety
have applied a simple model for analysing process safety
incidents
have a broad understanding of process safety hazards
and risk
learn how process safety management is organised
and what are the elements of a modern process safety
management system

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 Hazards of Hydrocarbon
Hazards of the Loss of
Containment of Liquid
Course Content
Hydrocarbons
Hydrocarbon Gas Leaks
Dispersion and Detection
Hydrocarbon Ignition
Hydrocarbon Fires
Hydrocarbon Explosions
Importance of Process Safety
Importance of process safety
Process safety in design
Asset integrity
A review of some of the major
process safety incidents in the
industry and Lessons learned
Using incident data to make
risk-based decisions
Process Safety Protection
systems
Inherently Safe Design (ISD)
Active protection systems
Passive protection systems
Procedural protective systems
Layers of Protection
Process Monitoring and Control
Fire and Gas Detection
Alarm systems
SIL levels and safety
instrumented systems
Control loops e.g. anti-surge
control
Shutdown and Suppression
systems

Course code: OG.5 6th-9th March

Duration: 4 days 3rd-6th July
13th-16th November
Course fee: 2,950

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 2017

January
Course Dates Fee Page

OG.1A Oil & Gas Sector 16th-20th 2,950 2

- Business Environment
OG.1 Oil & Gas Sector 16th-27th 4,250 6
- Business Environment and Finance
OG.1B Oil & Gas Sector - Finance 23rd-27th 2,950 4

February
Course Dates Fee Page

OG.4 Oil & Gas - Contract Management 27th-3rd Mar 2,950 12

March
Course Dates Fee Page

OG.5 Introduction to Process Safety 6th-9th 2,950 14

April
Course Dates Fee Page

OG.2 Fundamentals of Oil & Gas Exploration & Production 10th-13th 2,950 8
OG.3 Upstream Oil & Gas Development Lifecycle Costing 18th-21st 2,950 10

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 2017

May
Course Dates Fee Page

OG.1A Oil & Gas Sector 15th-19th 2,950 2

- Business Environment
OG.1 Oil & Gas Sector 15th-26th 4,250 6
- Business Environment and Finance
OG.1B Oil & Gas Sector - Finance 22nd-26th 2,950 4

June
Course Dates Fee Page

OG.4 Oil & Gas - Contract Management 12th-16th 2,950 12

July
Course Dates Fee Page

OG.5 Introduction to Process Safety 3rd-6th 2,950 14

August
Course Dates Fee Page

OG.2 Fundamentals of Oil & Gas Exploration & Production 21st-24th 2,950 8
OG.3 Upstream Oil & Gas Development Lifecycle Costing 29th-1st 2,950 10

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 2017

September
Course Dates Fee Page

OG.1A Oil & Gas Sector 11th-15th 2,950 2

- Business Environment
OG.1 Oil & Gas Sector 11th-22nd 4,250 6
- Business Environment and Finance
OG.1B Oil & Gas Sector - Finance 18th-22nd 2,950 4

October
Course Dates Fee Page

OG.4 Oil & Gas - Contract Management 2nd-6th 2,950 12

November
Course Dates Fee Page

OG.5 Introduction to Process Safety 13th-16th 2,950 14

December
Course Dates Fee Page

OG.2 Fundamentals of Oil & Gas Exploration & Production 11th-14th 2,950 8
OG.3 Upstream Oil & Gas Development Lifecycle Costing 18th-21st 2,950 10

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