Attendees of the STARATEDGE Strategic Management in Upstream Oil and Gas training course will acquire a thorough comprehension of how oil and gas enterprises strategically handle their business objectives, covering the procurement and operation of numerous oil and gas assets, such as fields and reservoirs.

Designed for early- and mid-career professionals, this STARATEDGE Strategic Management in Upstream Oil and Gas training course aims to equip individuals for potential leadership roles within international organizations focused on oil and gas exploration and production. Nevertheless, it also offers valuable insights for professionals from diverse backgrounds aiming to understand the strategic goals and business approaches of oil and gas companies.

By the conclusion of this STRATEDGE training course, participants will:

• Attain a comprehension of the strategic management function’s role within an international oil and gas company.
• Grasp the background and scope of the oil and gas industry.
• Comprehend the contributions of various professional disciplines in oil and gas exploration and production.
• Gain insight into the collaborative efforts of multi-disciplinary field development planning teams, focusing on determining the most advantageous approaches to develop oil and gas fields.
• Acknowledge the significance of effective early planning decisions, including concept selection and ‘front-end loading,’ in ensuring the success of projects.

This training course by STRATEDGE integrates both practical and theoretical components, utilizing the following approaches:

• Engaging presentations and tutorials
• Group and individual workshop activities
• Demonstrations through onscreen examples
• Utilization of videos and posters
• Facilitation of debates and discussions
• Structured self-guided study and research
• Incorporation of quizzes
• Analysis of case studies

DAY 1: Overview and Context of Upstream Strategic Management

• Explore industry context: upstream oil and gas sector
• Examine key perspectives: oil and gas asset lifecycle, value chain, industry players, societal roles
• Delve into professional context: overview of geoscience and engineering disciplines under strategic management
• Understand science, culture, practice, and challenges of strategic management in upstream oil and gas

DAY 2: Licences, Petroleum Resources Management, and Reporting

• Examine production contracts and licences
• Cover legal, fiscal, and contractual conditions for oil and gas production
• Understand revenue and wealth sharing with host countries
• Explore petroleum resources management: calculation, classification, and consistent reporting
• Engage in a strategic management workshop with realistic exercises

DAY 3: Field Development Planning and Economics

• Focus on integrated team collaboration in field development planning
• Involve all disciplines for optimal reservoir development
• Explore economics in oil and gas development planning
• Emphasize value maximization through cash flow analysis, time value of money, and investment indicators
• Understand decision analysis methodologies: expected value, sensitivity analysis, decision trees, and Monte Carlo simulation
• Participate in a strategic management workshop: practical exercises individually or in teams

DAY 4: Market and Competitor Analysis

• Examine fundamental characteristics of the oil and gas market
• Explore pricing, reserves distribution, and demand influencing economic evaluations
• Understand business information and competition analysis for strategic management decisions
• Learn advanced economics and decision-making methodologies: Portfolio Theory, Options Theory, and Preference (Utility) Theory
• Engage in a strategic management workshop with practical exercises

DAY 5: Corporate Responsibility and Sustainability

• Explore execution of oil and gas projects in a safe and sustainable manner
• Address safety, environmental impact, and social license to operate
• Conclude with a strategic management workshop: practical exercises individually or in teams related to strategic management, field development planning, economics, and decision making