COURSE OVERVIEW:

Managing an oil and gas production business requires a sophisticated balance between technical excellence, financial discipline, and regulatory compliance. This course provides a high-level perspective on how upstream assets are managed as business units rather than just engineering projects. Participants will explore the integration of production operations with corporate strategy, focusing on how to maximize value through the entire lifecycle of a field while navigating the volatility of global energy markets.

The curriculum covers the essential commercial and operational pillars of the production business, including joint venture management, production sharing agreements, and the optimization of operating expenditures. Attendees will learn how to translate technical production data into financial performance indicators, enabling more effective communication with stakeholders and investors. The course also addresses the complexities of managing diverse workforces and third-party contractors within a high stakes environment.

Strategic decision making is a core theme, with emphasis on portfolio management and risk mitigation. Participants will examine how to prioritize capital allocation between greenfield developments and brownfield optimizations. By the end of the training, managers will be equipped with the leadership tools necessary to foster a culture of safety and efficiency, ensuring that the production business remains resilient in the face of energy transitions and evolving environmental standards.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

• Align production operations with corporate financial goals and shareholder expectations.
• Manage the complexities of Joint Operating Agreements and partner relationships.
• Evaluate the impact of different fiscal regimes on project profitability.
• Implement effective cost control measures for operating and capital expenditures.
• Utilize Key Performance Indicators to monitor the health of the production business.
• Navigate the legal and regulatory frameworks governing oil and gas production.
• Optimize the asset portfolio through strategic divestments and acquisitions.
• Lead a multidisciplinary team toward operational excellence and safety.
• Manage supply chain and procurement risks in global production operations.
• Develop a robust business continuity plan for emergency and market disruptions.
• Communicate technical risks and production forecasts to non technical executives.
• Integrate sustainability and ESG goals into the daily production business model.
• Formulate a long term asset integrity and decommissioning strategy.

TARGET AUDIENCE:

This course is designed for Asset Managers, Production Managers, Business Development Professionals, and Senior Engineers moving into leadership or commercial roles within the oil and gas industry.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximise the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.