Executive MBA Oil & Gas Management in 15 days

This book summarizes the core modules of an MBA Oil and Gas degree and more. It covers such modules as oil and gas law, oil and gas supply chain management, oil and gas risks, oil and gas insurance, hydrocarbon accounting and fiscal systems management, petroleum economics, refining economics and processing, oil and gas international markets, energy transition strategy and HRM, oil and gas operations and management, capital intensity of the oil and gas industry, strategic development, knowledge creation and competitive advantage, management theories and practice, and strategic leadership. References and further readings are also provided to aid the reader. The reader will find this book very exciting and informative. The oil and gas law module, provides detailed information on the development of applicable energy laws in Nigeria starting from colonial times, the establishment of NNPC, Nigeria's national oil company, the Petroleum Act, the Deep Offshore and Inland Basin Production Sharing Contract Act and the emerging Petroleum Industry Governance Act and other laws including environmental laws and the Offshore Gulf of Guinea international law on energy and marine resources exploitation. Of particular importance are Nigeria's Petroleum Policy, Petroleum Fiscal Policy and the Natural Gas Policy. The supply chain module highlights the importance technological innovation and collaborations for cost reduction and to enhancement of supply chain management. Risks are extensively discussed in the oil and gas risk module, with a special emphasis on exploration/geological risks that could lead to dry holes and financial loss. Also, other risks include operational risks, environmental, such as oil spills and global warming/climate change, economic risk and price volatility, and political risks are addressed. Of great significance is Tom Therramus' WTI Price Volatility historical graph which predicts price volatility based on past price instability with remarkable certainty. These risks are mitigated with the appropriate insurance as discussed in the insurance module. Insurance against offshore risks are of special importance. The capital intensity module draws the attention of the reader to the to the fact that this is one of the most capital intensive industries in the world, yet it yields very strong financial returns on investments, particularly now, when oil majors are moving increasingly offshore, and discovering huge finds, while non-conventional plays are altering the global oil and gas landscape. The international markets module focuses on the three global markets of London, New York and Dubai, as well as the spot and term markets, and the unique natural gas market, particularly that of LNG, where long term contracts are the norm, as exemplified by Nigeria's LNG. Special attention has been given to the oil and gas accounting and fiscal systems management module as well as the petroleum economics and investment decisions module, detailing Nigeria's hydrocarbon accounting systems which have been explained from legal and fiscal management perspectives. Several investment decision analysis methods are discussed in detail in the petroleum economics module including cash flow, present value, Discounted Profit-to-Investment Ratio or Profitability Index (PI), NPV, NCF, DCF, EMV, IRR, Decision trees etc. An energy transition strategy and HRM module is provided and it deals the strategic investments that big oil is making and will be making in order to guarantee a future for oil and gas, as they invest in offshore wind, biofuel, mega solar and hydro projects, alongside oil and gas. The role of capital discipline, low break-even price, technological innovation and new talents acquisition are emphasized in an overall energy transition strategy.