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Managing Oil & Gas Production Business

An Interactive 5-Day Training Course

Managing Oil & Gas Production Business

Improving the Performance of Oil & Gas Production Business

NASBA
Classroom Schedule
Date Venue Fees
11 - 15 May 2026 Geneva $ 5,950
27 - 31 Jul 2026 Dubai $ 5,950
26 - 30 Oct 2026 Abu Dhabi $ 5,950
09 - 13 Nov 2026 Amsterdam $ 5,950

Introduction

This GLOMACS Managing Oil & Gas Production Business training course will provide the key learning points to improve the efficiency of the oil and gas production business. The Oil and Gas industry has a very important role in the global economy and is the main source of income for many governments. The Oil and Gas industry is characterized as capital-intensive, highly risk, and requires state-of-the-art technology.

With the current crisis in energy worldwide, challenges related to climate change, alternative energies, and energy substitutions, there is a bad need to improve the efficiency of the oil and gas projects by professionals who have a wide-ranging and extensive understanding of the Oil and Gas industry, including economics evaluation and decision-making skills.

This Managing Oil & Gas Production Business training course will highlight:

  • Upstream Oil and Gas Life Cycle
  • Cost Management in oil and Gas Projects
  • Petroleum Economics
  • Oil and Gas Production Contracts
  • Decision Making in the Oil and Gas Industry

Objectives

At the end of this Managing Oil & Gas Production Business training course, you will learn to:

  • Understand the value chain of the oil and gas industry.
  • Understand how to operate efficiently your oil and gas fields
  • Understand the upstream petroleum economy.
  • Evaluate the different opportunities and make effective decisions related to Oil and Gas operations
  • Understand the different oil and gas production contracts and the effect of them on operations

Training Methodology

Delegates to this Managing Oil & Gas Production Business training course will receive a comprehensive understanding of the subjects covered by the training course outline with the instructor applying a variety of proven teaching and facilitation techniques. Training course methodology includes PowerPoint presentations, hands-on examples on Excel Software, case studies as well as active discussions

Organisational Impact

The participants will get the knowledge that will have a positive impact on their organization by increasing the value of their oil and gas assets.

  • Improving the efficiency of the operations of the oil and gas fields.
  • Improve the skills of the employee.
  • Better decision making
  • Increasing the net cash flow of the organization.
  • Improving Project planning and performance
  • Production optimization from oil and gas fields

Personal Impact

By the end of this GLOMACS training course, Participants will be able to efficiently manage their oil and gas production business.

  • Better understanding of Value chain of the oil and gas industry and the associated challenges
  • Improve the skills of decision-making
  • Develop skills to assist in the evaluation of corporate opportunities
  • Increase the knowledge of the importance of the economic feasibility studies in improving the performance of oil and gas assets
  • Understand the key operations in oil and gas production
  • Develop the skills to increase the value of the asset by production optimization

Who should Attend?

It is designed for all personnel in the oil and gas industry, or associated industries needing to improve their knowledge and understanding of managing the oil and gas production business.

This GLOMACS Managing Oil & Gas Production Business training course is suitable for a wide range of professionals but will greatly benefit:

  • Managers and Government Officials
  • Petroleum economists
  • Businessmen and financiers
  • Reservoir and Production Engineers
  • Energy industry journalists and reporters
  • Planning and Development Analysts/Executives
  • Commercial Analysts/Executive/Managers
Course Outline
Day 1

Oil and Gas Industry Value Chain

  • Characteristics of upstream oil and gas business
  • Phases of upstream oil and gas operations
  • Challenges in upstream operations
  • Oil & gas reserves, production, consumption & trade
  • The role of the integrated professional team in managing the business
Day 2

Petroleum Economics

  • Net cash flow: Definitions, gross revenue, capital costs, operating costs, abandonment costs, and government take
  • Economic life reserves, abandonment
  • Profit income tax and loss carry forward
  • Sunk costs
  • Inflation
  • Economic indicators, NPV, IRR, CPI, and payout time.
Day 3

Petroleum Contracts

  • Principal licensing and contractual arrangements
  • The modern concession contracts
  • The production sharing contracts
  • Participation agreements and joint operation agreements (JOA)
  • Service contracts, pure service contracts, risk service contracts
  • Financing in the international oil & gas industry
  • Comparative analysis of the different contract forms
Day 4

Decision-Making in the Oil and Gas Industry

  • Decision tree analysis
  • Value of information
  • Exploration drilling decisions
  • Production decisions
  • Making management decisions under conditions of certainty
Day 5

Risk Analysis

  • Uncertainty in oil and gas projects
  • Risk-free return
  • Risk of the proposed project
  • Treatment of risks in project appraisal
  • Sensitivity analysis
  • Portfolio analysis
  • Hedging – risk management
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure
Related Categories
Oil and Gas
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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