DOWNSTREAM OPERATIONS EXCELLENCE ENERGY TRADING, HEDGING, PORTFOLIO AND RISK

Introduction

The downstream industry operations dealing with crude oil and refined products trading and its associated risks and uncertainties are the main areas of discussion. It is presented with the wide range of crucial engineering practices of the petroleum industry spanning exploration, extraction, refining, global oil supply, reserves, production & trade flows.

Downstream Operations Excellence Energy Trading, Hedging, Portfolio and Risk Management training course is designed to give delegates a diverse analogy of the crude oil, refined products, and biofuels markets and price volatility risks, regulatory and legal issues involved in the international trading of crude oil and these products.

Risk Management is important and the most active parts of the value chain.

Course Objective

At the end of this course, participants will be able to:

• Develop business skill of the wide-ranging subjects of upstream production to the downstream sales, marketing, and trading of crude oil, refined and renewable products
• Evaluate the dynamics of crude oil pricing
• Effectively use crude oil benchmarks
• Examine the price-risk management strategies using the hedging instruments
• Realize legal and regulatory issues in the global markets trading
• Mitigate the risk level of the Petroleum Industry
• Improve the value chain profitability

COURSE OUTLINE

MODULE ONE: OIL ECONOMICS & UPSTREAM PRACTICES

• Petroleum engineering & oil & gas geology
• Well logging & completion
• Global reserves, production & trade
• Crude oil trading & valuation
• Crude oil price drivers
• Evolution of oil prices
• International oil pricing
• Benchmarks
• Price reporting agencies

MODULE TWO: REFINED PRODUCTS TRADING AND THE FUTURE REFINERIES

• Refinery Basics
  • Simple Chemistry for Non-Chemists
  • Crude Oil Properties and crude oil Assay
  • Basic Refining Processes
• Conventional Refinery Upgrading
  • Coking
  • Cat Cracking
  • Hydrocracking
  • Crack spreads
  • Visbreaking
• Blending Refinery Economics
• Oil Products and Quality
• Refining Products Pricing
• Arbitrage
• Oil Logistics
  • Oil products Delivering & Delivery Term
  • Oil Contracts and its important components
  • Storage
• The Future of Refineries when the transportation fuels demand decreases

MODULE THREE: PETROCHEMICALS TRADING

• Petrochemical Fundamental – The family of Seven Groups
• The various feedstocks for petrochemicals: Chemicals from
  • Paraffins Hydrocarbons
  • Olefins Hydrocarbons
  • Aromatic Hydrocarbons
  • Non-Hydrocarbons
• The transformation of Refineries when fuel demand goes down
• Benefits of Integrating Refining & Petrochemicals
• The concept of Oil to Chemicals
• Petrochemicals Uses
• Monomers, Polymers Plastics
• Benchmark & Pricing

MODULE FOUR: RISK MANAGEMENT

• The Price Volatility
• History & components of oil prices benchmarks
• The value of product grade differential
• Crude Oil Price Risk Management
• Risk types & management considerations
• Future & Forward Market
• The Option valuation
• Swaps
• Crack spreads
• Hedging
  • The strategic hedging
  • Operational hedging
  • Common mistakes in hedging
• Balance of Budget & derivatives
• Corporate fuel risk management policy

MODULE FIVE: LOGISTICS IN SHIPPING

• World’s Trade Flows
• Transportation Agreements
• Contract of Affreightment
• Transportation Documents & Logistics
• Types of Tankers
• Freight Rate
• Chartering Contracts

Who Should Attend?

• Corporate Planners, Law Personnel & Negotiators
• Business & Development Managers
• Geoscientists, Engineers, & Refiners
• Bankers, Accountants, Auditors, Equity and Financial Analysts
• Government Regulators, Compliance Officers &Tax & Finance Advisors

Delivery Method: This will include combine lectures, discussions, group exercises, case studies and illustrations. Participants will also understand the theoretical and practical knowledge of the topic.

Venue: Ghana

Fee: Open

Duration: 1 week

Course Date: March 4th – 8th 2024