Course Description
Upstream Oil & Gas is the original “Oil & Gas 101” course.
Fossil-based fuels run 21st century economies. Though science has made great progress in developing renewable forms of energy, oil & gas will drive the global economy for the foreseeable future. Hydrocarbons are readily available and recoverable because of ongoing technological innovations, it appears. In fact, a few years ago, industry experts predicted oil would never again reach $100/barrel. But as recently as spring 2022, crude prices spiked over $100, remaining high over the summer. Gasoline jumped to more than $2/litre in many parts of Canada, and natural gas prices spiked, too. But in spring 2024, oil has reached $80 after a slow, year-long climb from $70; natural gas prices have dropped and remained low. This indicates ample hydrocarbon supply with low demand (doesn’t it?). Are there other factors besides supply & demand involved in prices? Could more price shocks be on their way?
The Oak Leaf Energy Training Upstream Oil & Gas course focuses on hydrocarbon production, which continues in Canada no matter the price. This includes exploration, drilling, well completion & continued operation of oil & gas extraction facilities. We consider processes & technologies, players & plays, costs & profits, risks & rewards involved in exploration & production (E&P). The course examines specifically conventional & unconventional upstream oil & gas in North America. However, we also consider the global context. We draw some conclusions on the future of hydrocarbon production based on supply/demand, technological advances, economically available reserves, policy (including net-zero), geopolitics and other considerations.
Bruce Peachey is your instructor, an expert with forty-five years’ experience in the Canadian upstream. Bruce possesses exceptional engineering and R&D expertise, but he has also worked in the classroom for years, teaching upstream fundamentals to university students & Oak Leaf clients. Bruce is friendly, approachable, enjoys interacting with class participants & welcomes both questions & debate. After two days with Bruce, you will significantly increase your knowledge of the upstream sector. And this can only result in added value to your organization & your role.
Can’t attend Upstream Oil & Gas in person? Participate ONLINE! Oak Leaf has invested in state-of-the-art camera technology to enable a seamless in-class/online learning experience.
Key Details
This course is offered in conjunction with
June 19 & 20, 2024
8 a.m. Mountain (10 a.m. Eastern) start
Early bird registration deadline: June 10, 2024
Calgary & ONLINE
Instructor — Bruce Peachey
Calgary Venue address: PTAC
4th floor, 500 5 Ave. SW
Venue: $1795 Venue Early bird: $1695
Online: $1695 Online Early bird: $1595
Course Level: Beginner/Introductory
Personal Development Hours (PDH): 16
Coffee, snacks, lunch & refreshments served both days
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