With the overview of these essential upstream and midstream practices, the industry downstream operations dealing with crude oil and refined products trading and its associated risks and uncertainties can be fully understood. Since price volatility always exists, the Price Risk Management appropriate techniques are presented in detail. Sales, Marketing, Trading and Risk Management are crucial and the most dynamic parts of the value chain, and extremely important for managers to stay on the top of these activities.
Course Objectives
- Gain the business acumen of the wide-ranging subjects of upstream production to the downstream sales, marketing and trading of crude oil and refined products
- Understand the critical crude oil pricing dynamics and the use of crude oil benchmarks
- Develop the price-risk management strategies using the hedging instruments
- Acquire essential legal and regulatory issues relating to trading in the global markets
- Reduce the overall risk of Petroleum Industry and maximize the value chain profitability
Course Content
Essential Upstream Practices
- Introduction to Course
- Introduction to How Oil was Formed
- Fundamentals of Oil & Gas Geology and Petroleum Engineering
- Well Logging and Well Completion
- Essence of International Oil Supply – Global Reserves, Production & Trade
- Fundamentals of Oil Economics
Crude Oil Trading
- The Evolution of International Oil Pricing System – The Big Picture
- Trading Physical Crude Oil and its Logistics
- The Dissection of Crude Oil Price
- Oil Price Formula – Time Differential
- Oil Price Formula – Grade Differential
- Price Risk Management – Hedging the Crude Oil Price
Refined Products Trading
- The Trading Refined Products
- Refining I – Crude Oil Properties and Processes
- Refining II – Conventional Refinery Upgrading
- Oil Products and their Qualities
- Oil Logistics and the Art of Trade
- The Price of Refined Oil Products
Risk Management
- Oil Products Price Risk Management
- Measuring Risk
- The Forward Market
- The Future Market
- The Swaps Market
- The Options
- Crack Spreads
Legal and Regulatory Aspects of Oil Trade
- Legal and Regulatory Issues
- International Aspects of Oil Trading
- Oil Trading, Law and International Petroleum Exchange in:
- The United States
- United Kingdom
- Singapore
Who Should Attend?
- Business & Development Managers
- Corporate Planners
- Lawyers & Law Firms’ Personnel
- Geoscientists, Engineers and Refiners
- Bankers, Accountants
- Auditors
- Media Personnel who interface with traders and trading
- Government Regulators
- Tax & Finance Advisors
- Compliance Officers
- Equity and Financial Analysts
- Joint Venture Officers
- Negotiators
- Those who moved from elsewhere to Trading
Duration: 5 Days
Course Fees (VAT Included)
Lagos/PH/Abuja: ₦ 483,750.00
UK/US/Ghana/Dubai: $4,837.50
- Award of Certificate.
- Professional Training Materials
REGISTRATION PROCEDURE
- Go to “Register Now” button and fill the form and send it. You will get “message sent” if it is successful.
- You will get confirmation of your registration within two working days when you will be asked to go ahead and make payment.
- Go ahead and make payment.
- Send your name, phone number, email address, training location, amount paid to info@sbtpetroleum.com.ng OR SMS to +2349098171437.
- Upon confirmation of your payment, an electronic receipt will be sent to your mail.
- A joining instruction will be sent to you at least 72 hours before the training date an time.
- Looking forward to training date to commence your training. However, if a need to change the dates of the training arises, you will be notified immediately. This may be due to unavailability of the instructors or due to unavoidable logistic challenges.
ACCOUNT DETAILS
NAIRA ACCOUNT
BANK: ECOBANK
ACCOUNT NAME: SBT PETROLEUM GEOSCIENCE LIMITED
ACCOUNT NUMBER: 1613062169
BRANCH: Chevron Branch
SORT CODE: 050150340
DOLLAR ACCOUNT
BANK: ECOBANK
ACCOUNT NAME: SBT PETROLEUM GEOSCIENCE LIMITED
ACCOUNT NUMBER: 1613062183
BRANCH: Chevron Branch
SORT CODE: 050150340