The original “Oil & Gas 101” course.
Fossil-based fuels are central to the running of modern economies throughout the world and will continue to be dominant energy sources well into the future. There is plenty of oil and gas available and recoverable thanks to recent technological innovations. Couple this with the recent “double-whammy” of Covid-19 and price war between Saudi Arabia and Russia, and we have seen oil prices plunging and remaining below $30. The price relationship between oil and gas — historically a 6:1 ratio — has been all over the map. Where will oil prices go now? Will natural gas prices remain low? These are just a few of the many questions and issues that will be under discussion in this class.
This seminar presents the fundamentals of the upstream sector — the processes and technologies, and the risks and economics of the business. At the end of this two-day seminar, you will gain a better understanding of the hydrocarbon resource potential, the activities undertaken by the petroleum industry to explore for and produce oil & gas, and the various factors that determine fossil fuel prices. The big picture will come into sharper focus.