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:
- Know how to apply a disciplined and structured cost management approach at Upstream Petroleum Value Chain
- Clear characteristics of direct and indirect Cost at Upstream Petroleum Industry
- Understand and interpret rapidly the current cost baseline and trends of Petroleum Industry peers
- Refresher focus to Capital and Operational Efficiency including an ability on rationalising investment budgets at Upstream Petroleum Industry