OVERVIEW

 Since the oil and gas sector is the cash cow for most countries producing and selling it, in order to increase the benefits flowing from the sector to the other sectors, policy makers need to know more about the nature and operations of the sector, as well as the economics of oil and gas production in order to be able to make informed decisions.  The enormous economic contributions of the oil and gas industry to many national economies make its future of critical importance to the global community. Yet despite the instrumental role oil and gas plays in economic transformation and mobility, the industry itself is facing some of the most profound challenges in its history. This course has been designed to enable participants to appreciate the nature and ramifications of the sector, paying more attention to the economics of the operations of the sector.  

   

   OBJECTIVES

   The objectives of the course are to:

  • Introduce participants to the economics of the sector.
  • Enable participants to know the guidelines for investing in the sector.
  • Stimulate participants to make enlightened decisions relating to the operations of the sector.

 

 OUTLINES

  • Overview of Petroleum Economics
  • Refinery Planning and Economics
  • Compensation and Allocation of Petroleum Gains
  • Development and Production Economics
  • The legal basis for Petroleum Activities: Rights and Obligations for Exploiting Petroleum Resources
  • Petroleum Fiscal Systems
  • The Global Petroleum Economy: Oil and Money in the Big Picture;
  • Production, Cost and Price Factors
  • Monitoring and Evaluation
  • Exploration Economics
  • Emerging trends and Future Challenges
  • Distribution Activities for Oil Products
  • The future of the Petroleum Industry
  • Petroleum Administration and Budgeting
  • Petroleum Products and the Environment: Issues and Challenges
  • Marketing Overview: Key Participants and Infrastructure

 

COURSE DETAILS:

Venue and Date

Lagos: 12th – 16th February, 29th April – 3rd May, 29th July – 2nd August, 12th – 16th August, 28th Oct. – 1st November

Abuja: 13th – 17th May, 23rd – 27th September,

Nasarawa: 17th – 21st June, 11th – 15th November                       

Uyo: 25th – 29th March

Kaduna: 8th – 12th April, 8th – 12th July, 2nd – 6th September   

Kigali: 18th – 22nd March                          

Course Fee: N700,000

        $5,700

Duration: 1 Week