Fossil fuels dominate the energy mix representing over 80% of global energy demand. With geopolitical tensions influencing supply volumes, lower prices and the S&P Global Commodity Insights "Upstream Fundamentals and Economics" course will equip you with the insights and strategies needed to navigate a constantly changing environment, meet challenges with informed decisions, and drive business growth.

Our prestigious Upstream Fundamentals and Economics Training is a great opportunity to hear from a range of S&P Global experts sharing their expertise, regional trends and industry insights, as well as concrete case studies and analyses.

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Course Outline

Introduction to Oil and Gas

• Main concepts
• Role in global energy

Global E& Trends and Regional Dyamics

• Current challenges and uncertainties
• Capital allocation
• Portfolio strategies

Field Development Planning

• Type of estimations used
• Selecting an optimal development concept for a project

Petroleum Fiscal Regimes and Fiscal Instruments

• Classigying Fiscal Regimes, and Terms across various contract types
• Modelling, analyzing and comparing fiscal regimes

Asset Evaluation

• Reserves and Production profile generation methods
• Costs estimation methodology and examples
• Overview of the inputs for economic analysis
• Asset modelling techniques
• after-tax Net Cash Flow, Net Present Value and Discounting Economic Outputs: IRR, payout/payback, profit/investment and other financial ratios, break-even, comparable analysis
• Incremental economics, Portfolio optimization and Optionality
• Scenarios and Sensitivities

Strategies of International and National Oil Companies

• Priorities in a continuously changing environment
• Portfolio strategies
• Know-how and specialization
• Mergers and Acquisitions as a vehicle
• Capital allocation: a balancing act
• Share of exploration
• Decarbonization focus

Petroleum sector risk

• Evaluating above-ground risk for the upstream sector
• Spotlight on key trends driving petroleum sector risk

Supply chains and cost trends

• Upstream industry pulse check (new orders, backlog, spending forecast)
• Competition for resources across the energy value chain
• Cost development drivers

Oil & Gas Innovation Strategies

• Outlining industry innovaiton vehicles
• Insights into evolving industry strategies
• Comparing company approaches

The Current State and Future Potential for AI in Oil & Gas

• Identifying business opportunities
• Doumenting performance improvements
• Aligning the organization

A Global Perspective on GHG Emissions and Decarbonization Strategies

• Introduction and key concepts
• Global perspective on upstream GHG emissions
• Decarbonization strategies
• Regulation