The 5-day Oil and Gas MBA

Oil Industry Overview

• Origin, source and nature of hydrocarbons

• Exploration – how hydrocarbons are found

• Production operations

• Field processing operations

• Transportation of crude oil

• Downstream processing

• Marketing

• Economics

Oil Companies, Corporate Relationships and Structures

• Operating companies and service companies

• Local, national and multi-national oil companies

• Integrated and non-integrated companies

• Production sharing agreements

• Organization for Petroleum Exporting Countries (OPEC)

• Issues facing the oil industry

Strategic Planning

Creating a business model

• Strategic planning

• Corporate culture

• Corporate mission statements – vision and values

• Communicating the mission and the business model to stakeholders

• Achieving stakeholder alignment

 Budgeting and Finance

• Implementing strategies through financial planning and budgeting

• Example of capital budgeting through peer groups

• Understanding corporate cash flow and project financing

• Evaluating capital projects by cash flow analysis

Management and Leadership

• Characteristics of an effective leader

• Team building and employee empowerment

Project Management

• Project Management Institute’s (PMI’s) definitions and list of key skills

• PMI’s knowledge areas

• How projects are organized and how a leader motivates, delegates and inspires

• The project charter and critical objectives

• Managing available resources (finances, time, people, tools and technology)

• Fundamentals of cost and time management and project quality control

• Managing project risk

• Project communications

Fundamentals of Project Contro

• The Scope of Work

• Work Breakdown Structure (WBS)

• The WBS as the basis for estimate development and cost control activities

• WBS as the basis for planning and scheduling

• The project execution cycle

Cost Management, Planning and Scheduling, Quality Management

• Scope development and estimate bases

• Estimates and budgets, the concept of contingency

• Estimates and probability

• Project cost control and change management

• Scope changes and cost trends

• Project schedule control

• Quality management

Management Decision Strategies and Algorithms

• The role of probability in decisions

• Mathematical modeling of business processes

• Making management decisions under conditions of uncertainty

• Making management decisions under conditions of certainty

• Optimization of mathematical models and interpretation of results

International Business Law

• Comparative legal systems

• International contract law

• The concept of legal jurisdiction

• Dispute resolution methods and resources

• Global supply and transportation, title and liability issues