Dates for this course

11/10/10 - 22/10/10

Who should attend:

• Oil and Gas industry executives who have a technical background and need to expand their knowledge of the history and current position of the industry together with a detailed knowledge of financial management.
• HR personnel, commercial marketing, media and trading staff dealing with the oil and gas industry.

Course objectives:
• To devise an organisational plan of action for the implementation of strategy in the industry.
• To understand how the industry has evolved and the origin of the industry’s 7 basic raw materials.
• To appreciate the involvement of economics, commercial aspects and cost structure with the main product families.
• To recognise what affects profitability, competitiveness and pricing of petrochemicals.
• To identify the major players and their roles in the restructuring of the industry.
• To understand the Oil Depletion Theory and its effect on the future of oil and gas.

Course content:
• The history of the oil and gas industry.
• The background of both the major and independent oil and gas companies.
• Global reserves, production and consumption.
• Price volatility of both oil and gas in the last 10 years and the factors that have caused it.
• Are we heading to oil and gas depletion?
• The projection of world demand and the effect of rising Chinese demand.
• Do sustainable energy sources pose a threat to the oil and gas industries?
• Understanding the business environment
• Review of Company Reports and Accounts
• Business Forecasting
• Integrating strategy with the Balanced Scorecard
• Developing the Budget and allocating resources
• Developing departmental budgets
• Budgetary control and variance analysis
• Planning and managing cash flows