TO REGISTER, SEND YOUR NAME, DISCIPLINE, LOCATION, TITLE OF TRAINING NEEDED/DATE, & PAYMENT MODE TO OGBS  and call (contact number attached to this advert) to confirm booking.
Cost: N50K per student.
Lagos Venue: OGBS Centre, # 15 Cooper Road Ikoyi.
PH Venue: Oil and Gas Business School, No 53 Okporo Road, Off Artillery Junction, Entrance by Ecobank, Near Ofure Specialist Clinic, PH.
PETROLEUM ECONOMICS TRAINING
o Module 1:
Introduction, objectives, risks and terminologies and duties of petroleum economists, risks and challenges, fiscal terms, depreciation, depletion, amortization, book values, e & p challenges, duties of petroleum economists
o Module 2:
Oil & Gas Supply Chain
o Module 3:
Key oil & gas laws [the deep offshore and inland basin production sharing contract decree no. 9 of 1999; petroleum act 1969, petroleum regulations etc.
o Module 4:
Oil and gas insurance; underwriting oil & gas business; deep offshore risks & life cycle; well blowout cratering; welcar 2001 policy
o Module 5:
Oil & gas contract classification; joint venture; production sharing contract; concession; oil mining lease; risk service contract, pure service contract; technical assistance contract; cost recovery, sunk costs; participating agreement, operating agreement & mou.
o Module 6:
Petroleum fiscal systems; revenues, royalties, bonuses, petroleum profit taxes, economic rent; tax base spectrum: pre-discovery, bonuses & rentals, discovery, fg participation, post discovery, royalties/ royalty trusts & tariffs, severance & valorem, state & local taxes, income taxes, special petroleum taxes, accounting period, adjusted profit, disallowed deductions, assessable profit, chargeable profits, tax computations, concessionary fiscal systems,fg take/contractor take, ringfencing, oil depletion allowance, depletion calculation & limits.
o Module 7:
Natural gas fiscal matters; features of the local & international gas markets & projects; LNG laws; associated gas re-injection act, 1979 etc.
o Module 8:
OPEC & GEF international pricing; production quotas & leadership, opposing western manipulations, swing producers, oil burden, opec reference basket, oil pricing dynamics, market & benchmarket, global price actors- OPEC, OECD, IEA & the 7 Sisters etc.
o Module 9:
International markets, market listing, speculations, dubai, london & new york markets, oil futures, electronic trading
o Module 10:
Crude oil contracts: term contracts, spot markets, major oil markets, oil storage trade, us strategic reserve.
o Module 11:
Product trading, octane rating, pipelines, refining, petrochemicals.
o Module 12:
Nigerian content; local content/technology acquisition clauses in petroleum act, 1969, Nigerian oil & gas content development act, 2010.
o Module 13:
Energy geopolitics; OAPEC oil embargo, oil price shock, oil glut, strategic petroleum reserves, oil patch, western capital markets,
o Module 14:
Shale production & limits, impact of oil price, and adverse environmental consequences; shale oil viability - (eroei).
Course Materials include Cash Flow Basics & Investment Analysis, which will be taught exhaustively along with Production Decline Analysis in the OGBS EXECUTIVE MINI MBA IN OIL & GAS MGT/Advanced Petroleum Economics.
On succesful completion, candidates will be issued the OGBS Graduate Certificate in Petroleum Economics, in addition to hard copies of signed referral membership forms of the Society of Petroleum Engineering International.
FOR CANDIDATES WHO WANT THE MINI MBA IN OIL & GAS MGT CERTIFICATE, they should be prepared to pay additional cost for the simplified condensed version of an MBA e-book containing globally recognized modules, and additional learning, of what they would have learnt, if they had gone for an MBA degree program, and must be prepared to undertake additional private studies
Services Rendering at Client Location: Yes