| NAME OF THE COURSE |
| Managing Political Risk in the Oil & Gas Sector |
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| CERTIFICATION |
| Managing Political Risk in the Oil & Gas Sector |
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| COURSE OVERVIEW |
| Up to 70% of earnings can be at risk from political factors according to a 2014 McKinsey study. Political risks such as governments imposing new taxes, sudden changes in government policy, popular opposition to oil and gas projects, civil unrest or other political priorities distracting from key decisions on energy policy can all lead to delays and undermine the economics of oil and gas projects. Strategic management of these risks can mean the difference between success and failure of a project and can make a material difference to the value realized. |
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| TIME AND OTHER DETAILS |
| TRAINING DURATION |
| Total Training Hours : 10-14 Hours |
| Training Duration : 2 Days |
| Total Training Days : 1-2 Working Days |
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| TRAINING SCHEDULE |
| Weekdays (Sunday to Thursday) |
| Regular Sessions : 4 – 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm) |
| Food & refreshments Included |
| Weekends (Friday & Saturday) |
| Fast Track Sessions: 8 Hours per day (9am to 5pm) |
| Food & refreshments Included |
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| CERTIFICATION |
| Globally recognized certificate from “Kings Global Career Academy” |
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| TEST |
| No |
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| LEARNING AIDS |
| Yes |
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| COURSE MATERIAL |
| Hard & Soft Copies of Study Material |
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| LANGUAGE OF INSTRUCTION |
| English |
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| INSTRUCTOR HELPLINE |
| Yes |
| 1. Email |
| 2. Social Media (For Emergency requirements) |
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| REGISTRATION REQUIREMENTS |
| 1. Passport Copy |
| 2. Curriculum Vitae |
| 3. Passport size photographs |
| 4. Course Fee |
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| MODE OF PAYMENT |
| Cash / Cheque / Credit Card / Bank Transfer. |
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| ELIGIBILITY CRITERIA |
| Country Managers |
| Asset Managers |
| Project Managers |
| Operations Managers |
| New Venture Managers |
| Business Development Managers |
| Finance and Tax Professionals |
| Lawyers |
| Risk Managers |
| Government Relations Managers |
| Political Risk Analysts |
| Corporate Affairs Managers |
| External Relations Managers |
| Corporate Social Responsibility Managers |
| Public Relations Professionals |
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| COURSE BENEFITS |
| This course will benefit oil and gas upstream professionals and management engaged in operations, planning and decision making, assessing and managing projects and work programs, assessing new ventures opportunities and managing exploration portfolios such as: |
| Business development managers, drilling managers, exploration and production team leaders, exploration managers, operations managers, senior exploration managers, senior petroleum engineers, senior reservoir engineers, senior safety engineers, technical safety engineers. Planning managers and departmental heads will also benefit from this course. |
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| COURSE CONTENTS 1 |
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| Introduction – Current Environment and Industry Trends |
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| Business Environment and RelevanceOil & Gas Markets and Commodities |
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| Industry Performance |
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- Industry Structure, Contractual Arrangements and Value Chains
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- Technical, Social and Market Trends
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- Oil and Gas Project Management and Planning Fundamentals
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| Life Cycle Analysis and Planning |
- Discussion of Project Management Considerations Across Key PhasesExplorationAppraisal and DevelopmentProductionAbandonment
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- Key Project Valuation Measures
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| Net Present Value Concept Discount Factor |
- Cost of Capital – review effects of interest rate, cost of equity and debt/equity trends
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- Net Present ValueInternal Rate of Return
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- Payback PeriodProfit/Investment Ratio
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- Petroleum Risk and Uncertainty Analysis
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| Probability, statistics and key uncertainty concepts |
- Risk and uncertainty management principles
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- Appropriate use of probability distributions
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- Monte Carlo simulation, Latin HypercubeDeveloping key probabilistic estimation skills
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- Probabilistic reserves and resource estimation techniques
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- Probabilistic cost estimation
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| Estimating with uncertainty |
- Expected value concepts and the effects of low oil price
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- Incorporating risk management in decision making
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- Decision Analysis for Exploration and Production
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| Fundamentals of decision analysis |
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- Application of Bayes’ theorem
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| Prospect risking and evaluation – effects of oil price on prospect viability |
- Portfolio management and optimization in a low oil price environment
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- Scenario modelling case studies
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| Project vulnerability analysis and mitigation techniques |
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| Sensitivity Analysis (focusing on the effects of oil price downside) |
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- Distributions, Decision trees and simulation
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- Corporate Risks and Strategic Decision making
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| Recognition corporate influences decision making |
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| Implications of E&P Corporate Risk |
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| Taking and Performance |
- Corporate and Financial Risk Tolerance and Vulnerability
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- Strategic planning and implementation
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- Processes for recognizing a company’s strengths and weakness
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- Strategies for taking advantage of strengths and mitigating weaknesses
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- Importance of effective communication and management buy-in
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| Commonly used structured planning techniques |
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- HSE, labour and stakeholder considerations
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- Modelling and structuring complex E&P decisions – exploration plays a selection
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- Applications of decisions and Risk analysis to the Petroleum sector
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| Physical Oil & Gas MarketsPrice Risk – How to Evaluate It? |
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| Market structures and types of transactions to mitigate price risk |
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| Price Exposure, Definition of Hedging and Hedging principles |
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| Pricing and Sensitivities |
- Managing Political Risk & Corporate Governance Solutions
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- Understanding, identifying and managing Political Risk
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- Political risk mitigating tools (strengths and weaknesses
- )Internal policies & solutions
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- Political Risk Insurance and Portfolio Diversification Strategies
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- Effective Implementation of Strategic Decision Making
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- Consistent use of metrics and appropriate target setting
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- Decision-making processes, useful systems and tools
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- Separation of operations from strategy
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- Creation of Forums focused on decisions, not a discussion
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- Prioritising high-value items and dropping non-essential issues
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- Ensuring only viable options are considered and implemented
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