Production of Crude Oil

Understand the managerial challenges within the oil and gas industry and gain a strategic advantage in crude oil and natural gas production with this comprehensive course. Ideal for oil and gas analysts, energy traders, and Energy Risk Professional (GARP) candidates, this course delves into the critical area of costs and cost advantage.

This course, Production of Oil & Gas Products, serves as the third reading within the Crude Oil Markets & Refined Products section of the GARP curriculum, meticulously covering GARP-specified Learning Objectives.

Here's a detailed look at what you'll learn:

• Upstream Cost Impact: Learn how specific upstream costs directly influence an energy company's earnings and the factors driving variations in production costs based on location.
• Oil Well Economic Assessment: Master the process of assessing oil well economic performance, including calculating operating profitability, break-even price, working interest, and understanding tax allocations.
• Oil Field Production Costs: Classify and describe the diverse costs and factors associated with oil field production, with a specific focus on primary recovery, secondary recovery, and tertiary recovery methods.
• Partnership Agreements: Analyze the terms and conditions of partnership management agreements, understanding the division of duties and mechanisms for dispute resolution among participating parties.
• Stakeholder Relationships: Explore the nature of relationships, incentives, and potential conflicts among various stakeholders throughout the entire oil and gas supply chain.
• Political Risk Assessment: Identify and assess political risks that significantly impact crude oil production decisions.

Disclaimer: This course is NOT GARP endorsed.