Course ID 022G:  International Joint venture & Petroleum Economics

October 7 - 11   *  Dubai

This course is designed to equip professionals in the petroleum industry, managers, executives and government advisors with vital knowledge in implementing successful joint ventures and partnerships in the oil and gas industry. It will also provide participants will all possible options in handling projects when it comes to technology to be used, equipment, processes and considering other factors within the parameters of cost through economic evaluation, and affording companies the basis of making informed decision.

 

 This course is interactive and also based on presentations, case study analysis, contracts and agreement analysis.

 

Course Outline:

• Overview of E & P in oil and gas industry

• Role of oil and gas in the global economy

• Factors affecting the price of oil in the global market

• Key economic concepts of supply, demand, sunk-in cost, opportunity cost, scarcity, choice, decision making

• Investments in the oil and gas industry ( upstream, midstream & downstream)

• International finance

• Review of contracts and lifecycles in oil and gas operations

• The role of joint ventures in oil and gas industry

• Why nations and companies enter into joint ventures

• Industry trends and changes that impact joint ventures

• Strategies for partnering and partnering models

• Alliances, partnerships, and joint ventures

• Incorporated and unincorporated joint ventures

• Concession, petroleum Sharing Contract, Service Contract, Drilling Contract, Farm-Out

•  Chain joint ventures

•  Joint venture operations – successes and failures

• Setting up joint ventures, essential agreements, issues, negotiations

• Managing joint ventures and funding

• Cultural differences, conflict resolution

• Petroleum laws, local content policy and various government regulations

• Foreign Corrupt Practices Act (FCPA)

• Other Trade Regulations

• Joint venture operating principles and performance management

• Examples of successful and failed joint ventures and lessons learned from them

• Evaluation of investments in the petroleum sectors

• Processes, Equipment & Vessels used in  oil and gas production

• Time value of money

• Undiscounted measures of value, Discounted Measures of value (NPV, IRR, etc.)

• Interpretation of measures

• Investment Analysis

• Time Value of Money

• Future Values, Present Values, Annuities

• CAPEX, OPEX, RAMEX, RISEX

• Economic Modeling of projects based on process, equipment vessels

• Conventional and Unconventional  (Alternative Methods)

• Raising Capital for Investments- Debt, Equity, etc.

• Capital Structures for Oil and Gas Companies

• Cost of Capital

• The Weighted Average Cost of Capital  (WACC)

• Cost of Debt, Short Term-Debt, Cost of Preferred Stock, Cost of Common Stock

• The CAPM Approach

• Determining Cost of Capital for Projects

• Adjusting the Cost of Capital for Risk

• Project Risk , facilities Risk, Financial Risk, Operational Risk, Legal Risk, geopolitical Risk

• Government and Economic Divers of Risk

• Risk Identification, evaluation

• Risk Transfer, Mitigation

• Enterprise Risk Management

• Decision Making

• Review/Case Studies

 

Who Should Attend

• Lawyers, Commercial Managers, Project Managers.

•  Contract Managers, Project Engineers, Finance Managers

• Technical and Non Technical Supervisors

• Government Advisors

•  Employees that will benefit from this course in carrying out their responsibilities

Course Duration: 5 Days

 

Course Fee: $6,000                         

REGISTER BY  JANUARY 15, 2014 AND GET  10% DISCOUNT!