Dates for this course

11/06/12 - 22/06/12

06/08/12 - 17/08/12

08/10/12 - 19/10/12

Who should attend:
• Oil and Gas industry executives who have a technical background and need to expand their knowledge of the history and current position of the industry together with a detailed knowledge of financial management
• HR personnel, commercial, marketing, media and trading staff dealing with the oil and gas industry

Course objectives:
• To devise an organisational plan of action for the implementation of strategy in the industry
• To understand how the industry has evolved and the origin of the industry’s 7 basic raw materials
• To appreciate the involvement of economics, commercial aspects and cost structure with the main
  product families
• To recognise what affects profitability, competitiveness and pricing of petrochemicals
• To identify the major players and their roles in the restructuring of the industry
• To understand the Oil Depletion Theory and its effect on the future of oil and gas

Course content:
• The history of the oil and gas industry
• The background of both the major and independent oil and gas companies
• Global reserves, production and consumption
• Price volatility of both oil and gas in the last 10 years and the factors that have caused it
• Are we heading to oil and gas depletion?
• The projection of world demand and the effect of rising Chinese demand
• Do sustainable energy sources pose a threat to the oil and gas industries?
• Treasury management in oil industry
• Inventory management in oil industry
• Pricing of petroleum products and use of marginal costing techniques
• Types, management and accounting for the product losses in petroleum sector
• Project monitoring and balance scorecard
• Uniqueness and significance of off balance sheet numbers in oil sector
• Understanding the business environment
• Review of Company Reports and Accounts