How long is the Essential Skills for Oil and Gas Professionals course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Essential Skills for Oil and Gas Professionals course?

The next public date is 4 - 8 Jan 2027 in Amsterdam. There are 12 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Amsterdam, London, Istanbul, Vienna, Barcelona, Paris, Frankfurt.

Can I take Essential Skills for Oil and Gas Professionals online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,750 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Essential Skills for Oil and Gas Professionals (OG-017) Training Course

Course overview

Why Attend
The oil and gas industry operates in a dynamic environment shaped by market volatility, technological advancements, regulatory changes, and evolving energy demands. This course provides participants with a comprehensive understanding of the industry's value chain, commercial drivers, project economics, risk management, and strategic decision-making, enabling them to contribute more effectively to upstream, midstream, and downstream operations.

Course Methodology
The course combines instructor-led presentations, industry case studies, practical exercises, group discussions, project evaluation workshops, financial analysis activities, and real-world examples from the global oil and gas sector.

Course Objectives
By the end of this course, participants will be able to:

Understand the structure and commercial drivers of the oil and gas industry
Explain upstream, midstream, and downstream operations and business models
Evaluate oil and gas projects using financial and economic analysis techniques
Understand contracting strategies and project development processes
Apply project risk management principles within oil and gas projects
Analyze project performance using industry-standard financial indicators
Assess current industry trends and geopolitical influences on energy markets

Target Audience

Petroleum engineers
Production and operations engineers
Project engineers and project managers
Finance and commercial professionals in oil and gas
Procurement and contracts professionals
Business development professionals
Professionals new to the oil and gas industry

Target Competencies

Oil and gas industry knowledge
Project economics
Commercial awareness
Risk management
Project planning and control
Financial analysis
Strategic thinking
Decision-making

Course outline

1Day 1: The Oil and Gas Industry and Commercial Environment
- Understanding the structure and value chain of the global oil and gas industry
- Exploring upstream, midstream, and downstream operations and their interrelationships
- Reviewing exploration, field evaluation, production processes, and reserve estimation concepts
- Understanding industry business models, production economics, and operating cost structures
- Examining the commercial drivers that influence investment and operational decisions
- Identifying strategic opportunities and challenges affecting the global energy sector
2Day 2: Project Development and Commercial Arrangements
- Understanding contractual and fiscal arrangements used within the oil and gas industry
- Reviewing the roles of international and national oil companies in project development
- Exploring commercial models, investment structures, and risk-sharing mechanisms
- Understanding front-end project planning and development processes
- Identifying common project delivery challenges and mitigation approaches
- Developing effective project governance and project control frameworks
3Day 3: Project Economics and Financial Evaluation
- Evaluating investment opportunities using project economic principles
- Understanding cash flow analysis and the time value of money
- Applying financial performance indicators to support investment decisions
- Developing discounted cash flow models for project evaluation
- Understanding cost estimation methodologies and key cost drivers
- Applying earned value management techniques to monitor project performance and progress
4Day 4: Risk Management in Oil and Gas Projects
- Understanding the principles and objectives of project risk management
- Applying risk management processes throughout project lifecycles
- Identifying project objectives, uncertainties, and potential threats
- Assessing technical, commercial, operational, and environmental risks
- Developing and maintaining project risk registers and response strategies
- Identifying and engaging key stakeholders to support successful project delivery
5Day 5: Industry Trends, Strategic Challenges, and Capstone Case Study
- Examining the impact of unconventional energy developments on global markets
- Analyzing the influence of technological innovation on the oil and gas industry
- Understanding geopolitical factors affecting energy supply, demand, and pricing
- Evaluating strategic challenges facing energy companies in changing market conditions
- Participating in an integrated case study applying project economics, commercial analysis, and risk management principles
- Course review, lessons learned, and action planning for professional development

Schedule

Dates and fees

12 upcoming dates in 7 cities. Fees are per delegate; bring colleagues and every seat is discounted. Every date can also be joined live online for £1,280.

All dates as PDF

January 2027

4JAN 4 - 8 Jan 2027Mon to Fri · 5 daysNext session

AmsterdamNetherlands · Classroom

£3,800per delegate2+ people: £3,040 each

February 2027

1FEB 1 - 5 Feb 2027Mon to Fri · 5 daysOur home city

LondonUnited Kingdom · Classroom

£2,750per delegate2+ people: £2,200 each

March 2027

1MAR 1 - 5 Mar 2027Mon to Fri · 5 days

IstanbulTurkey · Classroom

£2,800per delegate2+ people: £2,240 each

April 2027

5APR 5 - 9 Apr 2027Mon to Fri · 5 days

ViennaAustria · Classroom

£4,500per delegate2+ people: £3,600 each

May 2027

3MAY 3 - 7 May 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,200per delegate2+ people: £2,560 each

June 2027

7JUN 7 - 11 Jun 2027Mon to Fri · 5 days

ParisFrance · Classroom

£3,250per delegate2+ people: £2,600 each

July 2027

5JUL 5 - 9 Jul 2027Mon to Fri · 5 days

FrankfurtGermany · Classroom

£3,400per delegate2+ people: £2,720 each

August 2027

2AUG 2 - 6 Aug 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,200per delegate2+ people: £2,560 each

September 2027

6SEP 6 - 10 Sep 2027Mon to Fri · 5 days

AmsterdamNetherlands · Classroom

£4,200per delegate2+ people: £3,360 each

October 2027

4OCT 4 - 8 Oct 2027Mon to Fri · 5 daysOur home city

LondonUnited Kingdom · Classroom

£2,750per delegate2+ people: £2,200 each

November 2027

1NOV 1 - 5 Nov 2027Mon to Fri · 5 days

IstanbulTurkey · Classroom

£3,500per delegate2+ people: £2,800 each

December 2027

6DEC 6 - 10 Dec 2027Mon to Fri · 5 days

ViennaAustria · Classroom

£4,900per delegate2+ people: £3,920 each

Live online, on the same dates

Join the class in real time from your office or home: live sessions with the trainer, group discussion, course materials and a certificate of completion. Joining details are emailed before the course starts.

January 2027

4JAN 4 - 8 Jan 2027Mon to Fri · 5 daysNext session

Live onlineVirtual classroom · join from anywhere