|OG 117||03 - 07 Dec 2018||Zurich||US$5,500||30||Register|
|OG 117||29 Apr - 03 May 2019||London||US$5,950||30||Register|
|OG 117||19 - 23 Aug 2019||Brighton||US$5,950||30||Register|
|OG 117||02 - 06 Dec 2019||Zurich||US$5,950||30||Register|
Oil & Gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new Oil & Gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Upstream Petroleum Cost Trends and Benchmarking training course will explore in-depth some of the cost drivers that impact investments and project CAPEX and OPEX. Rising upstream costs are driving the Oil & Gas industry towards a greater scrutiny on Capital and Operational expenditure; as margins are squeezed with returns down and costs up, there is no question a challenging set of scenarios for the industry lie ahead.
Further this EuroMaTech training course will help to improve your understanding on the holistic impact of costs on the operations and empower organisations to build strategies for optimizing CAPEX, OPEX, manage risks and build a comprehensive cost discipline strategy with information, analysis and outlook for the complete Oil & Gas value chain through effective benchmarking.
Participants attending the Upstream Petroleum Cost Trends and Benchmarking training course will develop the following competencies:
This Upstream Petroleum Cost Trends and Benchmarking training course aims to enable participants to achieve the following objectives:
The Upstream Petroleum Cost Trends and Benchmarking training course will combine presentations with engaging and interactive style, practical exercises, supported by video materials, activities and case studies and current peer to peer baseline trends in the Petroleum Industry Value Chain. Delegates will be encouraged to participate actively in relating the principles of Cost Management, Assets Management and Capital Efficiency at Upstream to their day to day job taking a holistic and integrated Cost Management approach.
Recent low oil prices have restricted value creation, compounding issues of high costs and greater technical and commercial complexity. Successful Exploration and Production Operators will differentiate themselves from their competitors by optimising the return from each capital dollar invested.
This EuroMaTech training course aims to identify and determine the best metric to evaluate performance against your peers and provides opportunities to learn from those in the top quartile, as well as see how others are interpreting current trends and market recovery scenarios and in turn managing their portfolio of assets at upstream more effectively. While each organisation may measure capital efficiency in a different manner, baselines and industry level benchmarks have been developed to compare organisations’ capital spending effectiveness at upstream. They provide both qualitative and qualitative insights into an organisation’s ability to manage their upstream portfolios to better achieve capital efficiency through structured and well defined cost management approaches.
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