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Cost Reduction in the Oil and Gas Industry

A ten day certificated course in techniques for cost reduction in the oil and gas industry. This course is suitable for anyone wishing to learn ab

Corporate Training Programme

(Five or Ten Days)

Summary

A ten day certificated course in techniques for cost reduction in the oil and gas industry. This course is suitable for anyone wishing to learn about cost control in oil and gas.

Course objectives

After completing this course, each student will have an overview of the economic aspects of the upstream and midstream aspects of the petroleum industry.

Who will benefit?

Company executives involved in upstream and midstream businesses, petroleum business development, operational managers who deal with petroleum financing, government and parastatal officials involved in policy, monitoring and regulation of petroleum enterprises.

Previous experience

No previous experience is needed.

Curriculum

  1. Introduction

Introduction to cost reduction

  1. National oil and gas industry

World oil and gas industry today; Evolution of the international oil and gas industry; National petroleum industry; National petroleum and gas legislation

  1. Introduction to costs

Layout of financial accounts; Depreciation; Cost concepts; Allocations; Job costing; Costing by-products; Activity Based Costing; Transfer pricing

  1. Costs in the petroleum sector

Petroleum project phases; Types of cost; Operational costs; Recoverable indirect overheads costs; Capital costs; How to overestimate costs

  1. Cost monitoring and auditing

Cost monitoring and standard costs; Audits; Petroleum industry efficiency ratios; Benchmarking; Competitor analysis; Planning

  1. Cash calls in the petroleum sector

Joint ventures; Financing petroleum by cash calls; Financing petroleum by billing and payment

  1. Cost reduction techniques

Key cost reduction techniques; Seven basic tools of quality; Other cost reduction techniques

  1. National petroleum costs

Interactive session; Analysis of national petroleum sector costs; Generation of cost reduction solutions

Read the Terms and Conditions before booking