Foundation Programme for Petroleum Economics & Contracts

Course Introduction

This course focuses on one question: how do teams in upstream, midstream and downstream facilities apply Petroleum Economics & Contracts consistently and safely under real constraints? Five days of discussion, exercises and case work provide practical answers you can adapt to your own organisation.

Training Objectives

• 01Build a shared vocabulary and framework for Petroleum Economics & Contracts that your whole team can use
• 02Apply proven methods for Petroleum Economics & Contracts to realistic scenarios drawn from upstream, midstream and downstream facilities
• 03Anticipate the failure points and compliance issues that most often affect Petroleum Economics & Contracts
• 04Communicate Petroleum Economics & Contracts decisions clearly to colleagues, clients and management
• 05Prepare a personal action plan to apply Petroleum Economics & Contracts in your own organisation

What You Will Take Away

• Reference tables and rules of thumb for daily decisions
• A structured inspection and reporting template
• Case-study notes drawn from regional plant experience

Who Should Attend

• Production & Operations Engineers
• Field Supervisors & Technicians
• HSE Officers in Oil & Gas Facilities
• Asset & Reservoir Engineers

Prerequisites: No prior specialist knowledge is required.

Training Methodology

Sessions are paced for newcomers — plain-language explanations, worked examples and small-group practice — with time each day for questions. Case material and examples are drawn from upstream, midstream and downstream facilities.

Day-by-Day Programme (5 Days)

• Day 1
  Where Petroleum Economics & Contracts fits

  How Petroleum Economics & Contracts connects to wider operations in upstream, midstream and downstream facilities, plus the essential vocabulary.

• Day 2
  Working with the standards

  Interpreting and applying the codes and good-practice guidance that govern Petroleum Economics & Contracts.

• Day 3
  Tools and techniques lab

  Guided practice with the tools, checklists and templates used for Petroleum Economics & Contracts.

• Day 4
  Risk, compliance and case review

  Analysis of incidents and cases to see where Petroleum Economics & Contracts succeeds or breaks down.

• Day 5
  Consolidate and plan

  Capstone discussion, action planning and a closing assessment.

Upcoming Sessions