Engineering, Oil and Gas

Training Course: The 5-day Oil and Gas MBA


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EN6015

16 - 20 Feb 2025

Dubai (UAE)

Cost : 4980 € Euro

Introduction

In today’s climate of economic turmoil, price volatility and market uncertainty, and with globalism making our lives more interconnected and complicated, it is increasingly necessary for companies to identify and develop managers with a broad understanding of the issues facing the international oil and gas industries and with the skills necessary to manage effectively over a wide range of operations.  This program is designed to provide managers with the necessary skills and knowledge and to prepare them for more senior responsibilities within their organizations.

Course Objectives of  Oil and Gas MBA

  • Gain a broad understanding of the petroleum industry and the companies that make up this industry
  • Learn about the important issues facing our industry and strategies used to address these issues
  • Gain specific skills in strategic planning, setting goals, budgeting, and finance
  • Learn the characteristics of an effective leader and understand how leaders motivate, delegate and inspire
  • Understand how projects are organized and managed
  • Understand the management and allocation of resources (money, time, people, tools and technology)
  • Gain skills in managing project costs
  • Deal with project risks through finance and project execution strategies
  • Make effective management decisions using deterministic and probabilistic models
  • Compare international legal systems
  • Learn how to work with international contract law and understand methods of dispute resolution
  • Learn about the legal issues surrounding global supply and transportation

Course Outlines of Oil and Gas MBA

Day 1: 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

Day 2: 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

 Day 3: 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

Day 4: 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

Day 5: 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

Engineering, Oil and Gas

Training Course: The 5-day Oil and Gas MBA


Register Now
Quick Inquiry
Discount Group Download Brochure (36)

EN6015

16 - 20 Feb 2025

Dubai (UAE) -

Cost: 4980 € Euro


  About Dubai

Dubai, located on the Persian Gulf, is one of the seven United Arab Emirates and one of the most popular tourist destinations in the world. The discovery of oil in the region has made Dubai extremely wealthy, allowing it to build the glittering skyscrapers that it is now famous for. That wealth is strongly in evidence in Dubai and visitors will see luxurious buildings and supercars aplenty. Perfect beaches and endless shopping opportunities are to key to Dubai's attractions. Flights to Dubai open up the city's cultural attractions to tourists, with beautiful mosques, museums and art galleries scattered throughout this ultra-modern metropolis.


  Things to do and places to visit in Dubai

Dubai's wealth has made it famous for building ever taller buildings and creating artificial islands off its shores. The city's hotels are luxurious and shoppers will love its extensive shopping malls which showcase all the world's top brands. Dubai's attractions don't end there. Dubai also caters to adventure lovers, who can jump in a 4x4 or on a board to speed over dunes outside the city. Local culture mustn't be forgotten either, and visitors have wonderful mosques to visit and old districts to explore. All that combined means that a flight to Dubai is sure to lead to an unforgettable holiday.

When visiting Dubai, be sure to:

  • Go to the observation deck of the Burj Khalifa, the tallest building in the world.
  • Admire the intricately beautiful Grand Mosque, which has the tallest minaret in the city.
  • Understand the local history and culture with a visit to the Dubai Museum.
  • Discover objects from the 6th century at Jumeirah Archaeological Site.
  • Go skiing – That's not a joke, the Mall of the Emirates houses a snowdome.
  • Go shopping at the Mall of the Emirates or the Dubai Mall.
  • Explore the desert surrounding the city – either by 4x4 or atop a camel.
  • Eat fantastic seafood at Dubai Marina.
  • Cool off at the Wild Wadi Waterpark.
  • Marvel at gorgeous Arabic calligraphy at Jumeirah Mosque, the biggest in the city.
  • Take a yacht tour around the artificial islands of Palm Jumeirah.
  • Haggle for souvenirs in one of the city's souks.
  • Wander around the traditional building in Bastakiya District.
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