Course ID
Key schedule and booking details
Length 10 Days
Location online
Fees £ 3700
Date 2026-06-15
OVERVIEW
The oil and gas industry is a complex, high-stakes global sector that drives economies, powers industries, and influences geopolitics. As the world transitions toward cleaner energy, understanding how oil and gas are explored, extracted, processed, and managed remains critical for industry professionals.
This course provides a comprehensive introduction to the full lifecycle of oil and gas exploration and production, covering everything from upstream exploration techniques to production management, refining, and decommissioning. Through real-world case studies, technical insights, and hands-on exercises, participants will gain a solid foundation in petroleum geology, drilling, reservoir management, and energy economics.
What You’ll Learn:
Understand the full oil and gas value chain—from exploration to refining and decommissioning.
• Master key exploration and drilling techniques—learn how oil and gas reserves are identified and extracted.
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• Analyze the economics of petroleum projects—assess profitability, risks, and market trends.
This course is ideal for energy professionals, engineers, financial analysts, policymakers, and anyone seeking a foundational understanding of the oil and gas industry.
OBJECTIVES
By the end of the Foundational of Oil & Gas Exploration and Production course, you will be able to:
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• Apply basic geological and engineering knowledge to reserve estimates.
Understand the fundamentals of oil and gas exploration and production.
• Improve technical and commercial decision-making at various stages of projects.
• Build advanced skills in exploration and drilling techniques.
• Conduct economic analyses of oil projects.
IDEAL PARTICIPANTS
This course is perfect for anyone who wants to understand the basics of the oil and gas industry, whether you're a beginner, an experienced professional, or a student looking for future opportunities in the industry.
The Foundational of Oil & Gas Exploration and Production course is ideal for:
• Employees within the sector looking to deepen their understanding.
Professionals seeking to learn the fundamentals of the oil and gas industry.
• Technical support staff entering the industry.
• Technical staff wanting to expand their knowledge.
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• Students considering a career in the oil and gas industry.
OUTLINE
DAY 1
The oil and gas industry is shaped by global market dynamics, geopolitical factors, and energy transitions. Today, we explore the fundamentals of energy supply and demand. Global Energy Market & the Shift to Cleaner Fuels – The role of oil & gas in energy transitions.
• Major Oil & Gas Producing Regions – Key suppliers worldwide and regional dynamics.
• Global Supply vs. Demand – Can We Meet Future Needs? – Examining reserves, production capacity, and market forecasts.
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• The Exploration, Development & Production Value Chain – Overview of the oil and gas asset lifecycle
DAY 2
LNG has transformed global gas markets. Today, we focus on its development, processing, and commercial aspects. What is LNG & Why is it Important? – Understanding its role in energy security and sustainability.
• LNG Development & Liquefaction Processes – Production methods with real-world case studies and videos.
• LNG Construction, Contracting & Shipping – Logistics and infrastructure challenges.
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• LNG Marketing, Business Models & Economics – Global trade flows and pricing strategies.
DAY 3
Oil and gas are found in specific geological conditions. Today, we explore the science behind petroleum systems. Basin Formation & Plate Tectonics – How oil and gas reservoirs are created.
• Components of Oil & Gas Accumulations:
• Source rock, Seal, Reservoir, Trap.
• Petroleum Provinces of the World – A global geological framework.
• Exploration License Types & Agreements:
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• Production Sharing Contracts vs. Tax & Royalty Systems.
DAY 4
Exploration is a high-risk, high-reward process. Today, we focus on the tools and techniques used to locate hydrocarbon deposits.
Geophysical Techniques:
• Gravity & Magnetics – Understanding subsurface structures.
• Seismic Surveys (2D & 3D) – Onshore & Offshore imaging.
• Reserves Estimation & Risking Techniques:
• Oil & Gas Volumetrics.
• Reserves Classification & Risk Analysis.
• Valuing an Exploration Prospect:
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• Risking, Net Present Value (NPV), and Expected Monetary Value (EMV).
DAY 5
Drilling is a critical step in oil & gas extraction. Today, we explore the science, engineering, and risks involved. Types of Drilling Rigs:
• Onshore vs. Offshore – Selecting the right rig.
• Drilling Operations & Equipment:
• The Rotary System – Conventional, Top Drive, & Rotary Steerable Systems.
• Drilling Fluids – Types & Functions.
• Well Planning & Well Control – Avoiding blowouts and pressure complications.
• Casing, Cementing & Well Integrity – Securing the wellbore.
• Common Drilling Challenges & Solutions:
• Stuck Pipe, Lost Circulation, Overpressure, & Kicks.
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• Mud Logging & Formation Evaluation – Identifying productive zones.
DAY 6
Reservoir management is crucial for maximizing production. Today, we cover reservoir rock properties, fluid behavior, and recovery mechanisms.
• Structural Traps – Faults, Folds & Fractures.
Reservoir Rock Types & Depositional Environments.
• Reservoir Fluids & Drive Mechanisms – How a Well Flows.
• Estimating Reserves & Well Testing Techniques.
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• Reservoir Simulation & Modeling – Predicting Performance.
DAY 7
After discovering hydrocarbons, operators must assess commercial viability. Today, we cover field evaluation and development.
• Field Development Planning:
Appraisal Strategies – More Data vs. Concept Flexibility.
• Defining Technical & HSE Requirements.
• Well Completions & Artificial Lift Systems.
• Processing Equipment & Production Flow Schemes.
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• Onshore vs. Offshore Facilities & Evacuation Options.
DAY 8
Understanding oil and gas project economics is critical for investment decisions. Today, we focus on cash flow analysis, risk assessment, and profitability.
• Production Profiles & Revenue Estimations.
Key Elements of Project Cash Flow & Discounting Methods.
• Evaluating Commercial Risks, Uncertainties & Market Volatility.
• Profitability Indicators:
• Internal Rate of Return (IRR), Net Present Value (NPV), Payback Period.
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• Screening & Ranking Investment Opportunities.
DAY 9
Maximizing hydrocarbon recovery is essential for long-term profitability. Today, we cover production operations and field decline management.
• Surface Facilities & Maintenance Best Practices.
Production Management & Optimization Strategies.
• De-bottlenecking & Process Efficiency Improvements.
• Field Decline & Recovery Strategies:
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• Infill Drilling, Workovers, Enhanced Oil Recovery (EOR) Methods.
DAY 10
Once oil is produced, it must be refined and eventually decommissioned. Today, we explore refining processes and field retirement strategies.
Crude Oil Refining – Fractionation of Hydrocarbons.
• Producing Gasoline, Diesel, Kerosene & Heavy Fractions.
• Decommissioning Challenges & Strategies:
• Regulatory Compliance & Environmental Considerations.
• Economic vs. Technical Lifetime Considerations.
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• Funding & Methods for Safe Decommissioning.
Will I receive course materials?
Yes, high-quality documentation is provided to all delegates.
Do you issue certificates?
An accredited Certificate of Completion is awarded upon successful completion.
What are the course timings?
09:00–12:45 or 13:00–17:00.
How do I register and pay?
Complete the registration form on the course page and select your preferred payment method.
What is your cancellation policy?
14 days from booking for a full refund or free transfer; exceptions apply on medical grounds.
Do you offer airport transfers?
Yes, airport pick-up and drop-off to/from the hotel can be arranged.
CONSULTING SERVICES
Tailored solutions for sustainable growth
At Regent Training Centre, we deliver consultancy services designed to help organisations overcome challenges and achieve sustainable growth through practical and results-driven strategies.
