Management and Business Skills in the Petroleum and Gas Industry
This module provides a general of the main management and business skills required to successfully carry out operations in the petroleum and gas industry. This variously involves on the regulatory front taxation issues and legal liability matters, on the marketing front alternative product promotions and environmental issue management, on the political economic front risk management especially with respect to nationalisation concerns that may be faced in the developing world and finally on the research and development management front, new product development that meets the continually evolving market demand.
The principal objectives of the course are the following:
Attain multidimensional and interdisciplinary management skills and practical problem-solving abilities specific to the main issues relevant to petroleum and gas industry
Gain expert knowledge of industry-leading best practices, and apply them to the day-to-day company operations to reduce cost, increase safety and maximise profits.
Understand the areas of conflict and instability on a fundamental level, and apply sophisticated managerial skills to direct crisis management processes
Acquire intercultural communication and cooperation skills to establish, maintain and promote successful, value-enhancing networks within the industry.
EThe module explores various quantitative and qualitative decision-making models within petroleum economics in order to provide a sound basis in the management of exploration, processing, international sales, research and development of various petroleum industry projects. The course has an intellectual orientation that encapsulates the business/management, political, social and environmental aspects of the critical issues dominating the theoretical and practical questions and challenges within the economic context. Both traditional and new, alternative technologies and operations processes will be under critical review throughout the analysis of the various activities that fall under petroleum economics. Sector-specific, national, regional and global concerns will be analysed with the aid of case studies and real-life examples.
The principal objectives of the course are the following:
Acquire a sound understanding of the techniques and models that are used in the economic analysis of opportunities and problems in the petroleum industry
Gain advanced familiarity with the current and future trends that affect the nature of demand and supply as well as price elasticity with regards to petroleum products
Be familiar with the latest versions of software and technologies used in the petroleum industry
Understand the dynamics such as competitive markets versus cartels, maximisation versus optimisation, issues of economies of scale, pricing behaviours and cost analysis relevant to key decision-making processes in the petroleum industry
