Economics & Management Courses 2018

A word from
the CEO
Jean-Luc Karnik
For over 40 years, IFP Training has been offering training
courses covering the entire Oil & Gas value chain as well
as the Powertrain industry. Often referred to as a partner of
excellence, we are proud of the strong relationships that we
continue to build with our clients in order to accompany them
in their workforce’s competency development.
IFP Training courses are taught using active learning methods
combined with industry applicable and innovative techniques.
We offer trainings of a renowned quality with a proven track
record of increasing business performance.
I would like to highlight the numerous programs leading to the
Certification of competencies ensuring that your employees
are able to work efficiently without compromising their safety.
I encourage you to have a look at the career development
paths that we provide in various fields of expertise to help you
identifying the programs needed to strengthen your team from
within.
In response to the growing market needs, IFP Training now
offers accreditation of training centers providing them the
capability to train and lead professionals towards IFP Training
YOUR TALENT, Certification.

IFP Training has also developed its very own Competence
OUR EXPERTISE Assessment System (CAS) to help you identifying your
workforce’s improvement areas then build relevant and
personal development programs.
This catalog presents our Economics & Management courses.
With an offer delivered by our network of 100 permanent
instructors and 600 industry experts continuously working
to understand your needs, I am certain we can provide you
with the ideal solution and contribute to the success of your
projects.
Jean-Luc Karnik
Chief Executive Officer
A Partner
of Excellence
2
Content
IFP Training........................................................................................................................................... 5
Course Index.................................................................................................................................... 17
Course Calendar............................................................................................................................. 19
Technical Fields ................................................................................................................. 21 to 88

Paris Energy Happenings ...................................................................................................... 21 to 24
Upstream Economics ............................................................................................................ 25 to 50
Oil Markets, Trading & Shipping ........................................................................................... 51 to 56
Downstream Economics ....................................................................................................... 57 to 66
Gas, Electricity & Renewable Energies ............................................................................... 67 to 80
Finance & Management ........................................................................................................ 81 to 88
Keywords List ................................................................................................................................. 90
Registration ..................................................................................................................................... 96
Terms & Conditions ..................................................................................................................... 98
Registration form ........................................................................................................................ 103
www.ifptraining.com 3
Be part
of something bigger:
The IFP Group
IFP Training is the market leader in training for the Oil & Gas, Chemical and Powertrain industries. Our mission is to
develop and certify the competencies of industry professionals through public or in-house customized sessions.
As part of IFP Energies nouvelles (IFPEN), we have a wide range of expertise and resources that cover all technical
aspects of the Oil & Gas supply chain.
Thanks to a variety of techniques and methodologies, we create innovative courses. Our team of experts works
closely with our clients to propose customized training plans and deliver quality courses.
IFP Energies nouvelles (IFPEN) is a major research and training player in the ﬁelds of
energy, transport and environment. Its researchers produce technological patents that are
transferred to industry via its subsidiaries who are leaders in their domain.
With this unique link between research and industrial worlds, IFPEN is also invested in
education and professional training through a world-renowned university and a company
dedicated to enhance professional competencies, IFP School and IFP Training.
IFP School offers applied graduate programs, providing students and young professionals
from all over the world with education in the fields of energy with particular emphasis on
sustainable development and innovation.
Together, IFP School and IFP Training regularly set up Master’s degree and graduate
diploma programs abroad for Oil & Gas companies. Hence, they bring these ambitious
programs to the client’s door. This solution contributes efficiently to our customers’ long-
term strategic goal of preparing their leaders of tomorrow.
Some subsidiaries of the group:
From Upstream to Downstream
IFP Training’s offer covers the entire Oil & Gas value chain, from the exploration
and production to refining and petrochemistry. Our areas of expertise also include
powertrain design, modeling and simulation as well as the economical and
managerial aspects of the industry.
Our courses are engineered for all categories of industry professionals, from
operators and technicians to engineers and managers.
EXPLORATION REFINING IC ENGINES ECONOMICS

& PRODUCTION & CHEMICALS & LUBRICANTS & MANAGEMENT
GENERAL UPSTREAM PRODUCTS, PROCESSES ENGINE DESIGN UPSTREAM ECONOMICS

& CHEMICAL ENGINEERING
GEOSCIENCES ENGINE OPERATION OIL MARKETS, TRADING,
& RESERVOIR ENGINEERING MATERIALS, EQUIPMENT, SHIPPING
LUBRICATION
MAINTENANCE
DRILLING & COMPLETION & INSPECTION DOWNSTREAM ECONOMICS
POWERTRAIN MODELS
PRODUCTION & SIMULATION GAS MARKETS & TRADING,
OPERATION
HSE HSE GAS & POWER,
RENEWABLE ENERGIES
ENGINEERING PROJECTS
& PROJECT MANAGEMENT & ENGINEERING STUDIES FINANCE & MANAGEMENT
In compliance with quality standards

As a company focused on quality services, follow-up and support of all its customers and participants, IFP Training is proud
to now hold the Lloyd’s Register Quality Assurance (LRQA) Quality Decree Certification. This certification, awarded by the
world’s leading provider of independent assessment services, is recognized by the CNEFOP (National Employment, Training
and Vocational Guidances Council) and demonstrates our conformity with all criteria of training regulations.
Moreover, IFP Training is referenced on the DataDock platform, the national French database which gathers the training
institutions recognized and fundable by OPCA’s (sponsoring organisms collecting funds to finance employees’ training).
Our sessions meet the requirements relative to the identification of educational objectives and the adaptation to the trained
audience, through our comprehensive programs specifying the following elements:
the target audience and prerequisites
the educational objectives
the management team
the educational and technical means
the assessment modalities regarding the acquired skills
Detailed programs are available upon request.
6
Our Solutions
Depending on your expectations and constraints, IFP Training might either invite your personnel to join scheduled
public courses on our premises or specifically organize tailored courses at your own place. On demand, we can
offer long programs that lead to an internationally recognized Certification or a graduate degree in partnership
with IFP School.
IFP Training provides consulting services ranging from competencies management, training center design, global
Accreditation approach, on-the-job coaching to training program engineering.
We also design career paths to help HR and management map out the development plan that is optimum for
each employee.
IN-HOUSE
• On-Demand Training
• Tailored Design
PUBLIC
• 6 Training Centers
TRAINING PROGRAMS
• From Discovery to Advanced CERTIFICATIONS,
• Short or Long Courses ACCREDITATIONS
& DIPLOMAS
• IFP Training Certifications
• International & National Certifications
• Accreditation for Training Centers
• Master’s & Graduate Diplomas
CAREER PATHS
• From Operators to Engineers & Managers
• Progression Matrix
CONSULTING SERVICES
• Design & Management of Training Centers
• Competencies Assessment System
• Training Consulting
In-House Training:
How, Where & When You Want
Our dedicated team consists of 100 permanent instructors and a network of 600 industry experts.
Boosted by their rich industry experience, we design innovative and personalized training sessions and develop relevant case
studies that allow an immediate practice of acquired knowledge.
It is valuable for the participant to be trained in the environment they work in, so that they can benefit from On-The-Job training
and On-Site coaching.
Public Courses Scheduled

All-Year-Round
IFP Training offers a portfolio of public courses that gives you the possibility to send over your employees to benefit from
industry applied training and exchange with other professionals in a positive learning environment.
Mixing participants coming from different industrial environments and cultures in one classroom leads to a particularly rich
cross-fertilization of experiences and is one of the key reasons to register for our public courses.
Certifications,
Accreditations & Diplomas
A Certification for Every Professional

We have designed an all-around Certification offer aiming to guarantee the competencies of Oil & Gas industry professionals.
An IFP Training Certification formally validates the competencies acquired during our training sessions. Our courses that lead to
Certification are designed for operators, technicians, engineers and managers. We offer four levels, ranging from Vocational,
Graduate, Advanced to Executive certificates.
A Global Approach to Accreditation

IFP Training, as an international certifying body, also offers a 5-year global and renewable Accreditation. It concerns training
centers that ambition to deliver programs at the IFP Training standard and IFP Training labeled.
This global accreditation, constantly monitored by us, includes three levels:

Training center accreditation: compliance with design, equipment and organization criteria.
Programs, methodology and documentation accreditation: compliance with training and educational engineering criteria.
Training instructors’ accreditation: qualification with respect to technical and educational requirements to ensure their
capacity to deliver training sequences matching IFP Training criteria.
Master’s Degrees & Graduate Diplomas from IFP School

IFP Training and IFP School frequently join their efforts to offer a Master’s degree program for companies looking to enhance
the skills and knowledge of their most promising employees. Our customers rely on these long programs to develop their human
resources and prepare their future leaders.
8
Consulting Services
To help you develop your teams’ talents, we get involved in your reality to optimize your business processes:
COACHING TRAINING PLAN

ELABORATION
Consulting
COMPETENCY Services TRAINING PROGRAM
ASSESSMENT DESIGN
AUDIT OF TRAINING DESIGN & MANAGEMENT

PLANS OF TRAINING CENTERS
Due to our experience, we are able to identify and eliminate core competency gaps within individual organizations.
We offer HR teams the assessment and mapping of their workforce’s competencies. We can create tailored training
plans related to your business and ensure the appropriate training is delivered for each job function. The training program
may be extended by a coaching period to ease and encourage learners to efficiently apply the newly acquired skills and
knowledge.
IFP Training also advises on the appropriate learning environment for your employees, with consultation on the design,
management and Certification of existing centers and the creation of manuals, benefitting future employees with a clear
and consistent training plan.
Clear Career Paths
IFP Training provides you with predetermined career development paths to help guiding HR, management and employees
on their developmental journey. Strengthening your team from inside and encouraging employee retention is highly valuable
to any organization. We have solutions for professionals at any stage in their career, from Operators and Technicians right
through to Junior and Senior Engineers.
A progression matrix depicts the skills and know-how needed to take the next steps towards future leadership positions.
HR professionals can easily decide which courses would benefit their staff the most in order to prepare their leaders of
tomorrow.
A Complete
Certification
Solution
For over 40 years, IFP Training has been applying the international standards of the Oil & Gas industry to its
practices, methodology and pedagogy. Our complete Certification process ensures the quality of the trainings and
guarantees that the learning objectives are achieved.
IFP Training’s Certificate programs offer Oil & Gas industry professionals the opportunity to validate their expertise
in a particular field.
A Certification for Every Professional
IFP Training awards certificates that formally attest the holder possesses the competencies set out in the specific
requirements for each Certification.
Four different levels are available:
Vocational Certificate: for technicians or operators wishing to develop their skills and enhance their level of qualification
Graduate Certificate: for engineers (or equivalent) looking to expand their field of competencies in the Oil & Gas industry
dvanced Certificate: for experts, future technical entity managers and employees with more than 10 years’ of experience
A
in their field. The objective is to achieve a high level of specialization in a particular field
xecutive Certificate: for managers or high potentials, looking for a complete overview of the petroleum industry and
E
the necessary competencies to fill top positions
10
Clear & Transparent Rules
As a recognized, independent and impartial body, IFP Training fairly and equitably awards high-level professional Certifications.
Each one is based on a clearly established set of characteristics specified by us:
1 detailed target learning objectives
2 clearly defined acquired competencies
3 formally established assessment procedures
4 plainly worded certificates tailored to the international context
5 a Certification process in line with internationally advocated requirements for quality management system
The Certification Process
Selection Training Assessment Certification

• Application of trainees • T raining scenario • Competencies • Examination
of the full
• Eligibility examination implementation assessment all-along Certification files
• Including sometimes the program • Collective decision
• Selection
On-The-Job training • Final assessment
of participants • Certificates awards
sequences sometimes including a
presentation in front
of a jury
To provide candidates and companies with all the guarantees regarding Certification, IFP Training has created a quality
management system based on international quality standards.
These specify the general requirements for Certification bodies and the steps to be taken to carry out transparent, structured
and impartial assessments of formally defined, precise competencies before awarding individuals the relevant certificate.
Certifications benefit both the individual participant and his company since they favor career progression and competencies
improvement, thereby contributing to performance and quality.
The Benefits of IFP Training Certification
EFFICIENT & DYNAMIC

RETURN ON INVESTMENT GUARANTEE OF QUALITY
COMPETENCIES MANAGEMENT
• Q
uick and direct enforcement • C
apitalizes and helps develop • Guaranteed acquisition of skills
of competencies knowledge and know-how of • Methodology ensuring transparency
• S
trong source of motivation workforce and equity
for professionals • D
evelops new skills to favor • O
bjectivity and neutrality in
• M
ore efficient teams in their daily innovation and performance evaluating and granting
activities • A
lever of internal mobility the Certification
A Global Approach
to Accreditation
We offer training centers an accreditation of their activities. They then become holders of the IFP Training brand and
are able to bring their public towards one of our worldwide recognized Certifications.
The purpose of IFP Training’s approach on accreditation is to build confidence and a long-lasting relationship between
partners: training centers, corporate clients & trainees.
Our solution is based on four fundamental principles
COMPETENCY - INDEPENDENCE - TRANSPARENCY - IMPARTIALITY
IFP Training
Certification IFP Training

Request CERTIFICATION
Training Center Accredited by IFP Training
Site Trainers
Training Center
& Course Lecturers
Accreditation Accreditation
Training Program/ Pedagogy
Accreditation
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Our Commitment, your Confidence
To earn an accreditation of its activities, a training center has to fulfill all requirements defined in IFP Training’s reference tables,
which concern various complementary and indivisible themes:
The training center and its organizational arrangements
Educational methods and programs
Knowledge and skills assessment methods
Educational materials
Lecturers
The educational team
An independent body, IFP Training has set up a quality management system based on international standards. By awarding the
accreditation, we pursue the following objectives:
ring our experience in training and professional Certification to centers to help them improve and maintain the quality of
B
their services
Supply employers and trainees with international level references throughout their career
Bring guarantees of service quality in a strongly competitive world market
Allow training centers to demonstrate their quality and skill level
Your Benefits
By calling on to an accredited center, both customers and trainees can be certain to find the same level and quality of service
directly delivered by IFP Training.
Some advantages of being accreditated:

Maintain the technical skills of the training center and be informed of the latest evolutions of the domain of accreditation
Optimize the functioning of the training center
Obtain an international recognition of the training and certification quality
Favor the training center’s recognition by your customers, trainees and partners
Mobilize teams on a federative corporate development plan
Become a member of a network which allows a better understanding of the international market and the exchange of best
practices
Be listed on IFP Training’s website as an accredited center
Competency
Assessment
System
It covers all aspects of IFP Training’s methodology for competency management. It consists in validating the core
strengths of your teams, identifying where there is lack in competencies and improving the skills and knowledge of
the concerned population. Our Competency Assessment System will allow you to plan, analyze and manage your
workforce’s competencies
The Methodology
IFP Training developed a comprehensive competence assessment methodology and can help you throughout the competence
management life cycle, from its design to its implementation:
Competency Assessment
Practical & Theoretical Our system integrates with your internal HR structure,
improving the efficiency of your HR processes.
An assessment system identifies a workforce’s strengths
and weaknesses. It is an efficient method to build relevant
Competency individual development plans to maintain and develop
Training Plan your teams’ skills.
Construction Mapping
Individual & Group It is also a way to verify and ensure the operating rules and
installation integrity are being respected. This approach
has now become an international standard and increases
the third parties’ trust.
Competency & Career Planning
The Tool
Our methodology relies on a tool that brings it to life by creating visual plans and data sets for you to interpret and analyze.
This tool keeps track of your entire workforce competencies and provides detailed reports for HR and managers.
Customizable 1
#
A continuous quality-enhancement cycle

ser interface
U
omposition of the assessment
C
(topics, competencies, criteria…) Comprehensive reporting
mployees view
E
Upgradable to meet the industry anagement view
M
Innovative competencies
Adaptable to any site specificities User-friendly
(Onshore, Offshore, LNG…) ool suitable to all IT systems
T
asy-to-use interface
E
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Educational
Innovation
Our trainings lean on two complementary aspects of educational innovation: a method which structures the learning
activities by putting the latest educational advances at the heart of IFP Training‘s strategy, and tools serving the
method to guarantee the achievement of objectives within the framework of activities adapted to the professional
context.
The PEPS Method

Cornerstone method of our educational engineering, it rests on the scripting of trainings to optimize the process of knowledge
and development, know-how and attitudes forming the base of professional skills.
The learner is placed at the heart of the training, where articulate sequences constitute the puzzle of a solid and well anchored
learning, around theoretical contributions, the application of techniques and the sharing of experience.
Each of our trainings rests on a “scenario” in which the successive learning situations (motivation, acquisition, appropriation
then assessment) and educational objectives are formalized in sequences. Various modes (expositive, application software,
heuristics), as well as varied activities and appropriate tools are then chosen.
The method is structured around 10 training situations, 5 learning modes and more than 30 types of educational activities,
all supported by the combination of training tools (training media, documents, exercises, games, broadcasting technologies,
animations, simulations and assessment tools) which stimulate the trainee’s motivation, implication and pleasure.
“The diversity of learning modes maintains the participants’ motivation and implication”.
This active method strengthens the experiences and the benefits of the training, allowing a direct application of these skills in
a professional environment. Moreover, the diversity of learning modes maintains the participants’ motivation and implication.
Innovative Educational Tools

To answer specific needs IFP Training has developed innovative tools, allowing the implementation of interactive and immersive
educational activities:
PowerPEPS tool associating scenarization, contents and various supports
Training games applied to the Oil & Gas sector
Virtual courses within industrial sites (refinery, drilling platform, etc.) in 360° video or through a succession of images in
augmented and virtual reality
Display of 3D elements (objects, immersive situations)
Interactive videos including assessment in real-life situation
Depending on the customer’s needs or educational objectives, these new tools are used in face-to-face mode (projection on
screen, smartphones or tablets) or distance mode via our Learning Management System (LMS).
Course index
Paris Energy Happenings Duration Dates Location Tuition fee (H.T.) Reference Page
International Oil Summit 1d 19 April Paris €990 PEH/IOS 22
International Gas & Power Summit 1d 22 November Paris €990 PEH/IGS 23
Upstream Economics Duration Dates Location Tuition fee (H.T.) Reference Page
E&P Companies in Changing Environment 1d In-house course EAM/ICCE 26
Upstream Economics & Management 15 d In-house course EAM/UEM 27
Contractual Framework of Exploration & Production 3d 15 - 17 May Rueil €2,380 EAM/CFEP 28
Production Sharing & Joint Operating Agreements 3d In-house course EAM/PSA 29
NEW Dispute Resolution in the Upstream Activity 1d 18 May Rueil €790 EAM/DR 30
Negotiation of Exploration-Production Contracts 4d 22 - 25 May Rueil €4,040 EAM/EPCN 31
Operating under “Local Content” 3d 17 - 19 December Rueil €3,020 EAM/OLC 32
Oil Fields Unitization 3d 5 - 7 December Rueil €3,020 EAM/UNITZ 33
Economic Framework of Exploration-Production 5d 9 - 13 April Rueil €3,640 EAM/EFEP 34
Practice of Exploration-Production Contracts Economic Modeling 4d In-house course EAM/PCM 35
Economics & Risk Analysis of Upstream Projects 5d 15 - 19 October Rueil €3,750 EAM/ERA 36
NEW Upstream Economist Certification 30 d In-house course EAM/UEC 37
Upstream Economics & Management Certification 60 d In-house course EAM/UEMC 38
Upstream Module 60 d 3 January - 6 April Rueil €12,980 EAM/UPM 39
24 - 28 September Rueil €3,570

Exploration-Production Overview 5d GEN/DECOUVEP 40
10 - 14 December Rueil €3,570
19 - 23 February Rueil €3,580

Introduction to Petroleum Engineering 5d GEN/INFPGE 41
Estimation & Cost Control Certification 5d 8 - 12 October Rueil €3,570 EPM/COSTGB 42
11 - 15 June Rueil €3,570

Project Management Certification 5d
19 - 23 November Rueil €3,570
EPM/PROJGB 43
Fundamentals of Production 2d In-house course GEN/PRODCHAIN 44
Oil & Gas Field Processing 5d 26 - 30 November Rueil €3,570 PROC/OGFP 45
Natural Gas 5d 8 - 12 October Rueil €3,570 PROD/NATGAS 46
Petroleum Engineering Certification 100 d In-house course PROD/PETROLENG 47
LNG Processing Engineer Certification 60 d In-house course PROC/LNGENG 48
HSE Management 5d 5 - 9 November Pau €3,570 HSE/HSEMGT 49
Oil Markets, Trading & Shipping Duration Dates Location Tuition fee (H.T.) Reference Page
Overview of Petroleum Economics 4d 4 - 7 December Rueil €2,530 TRT/OPE 52
Oil Markets & Trading 3d 29 - 31 May Rueil €2,290 TRT/OMT 53
Price Risk Management in Energy Markets 3d 16 - 18 October Rueil €2,490 TRT/PRM 54
3 - 6 April Rueil €2,990

Shipping: General Features, Chartering Contracts & Operations 4d
TRT/CFS 55
Tuition fees include instruction and documentation as well as meals and beverage breaks
Course index
Downstream Economics Duration Dates Location Tuition fee (H.T.) Reference Page
Downstream Economics & Management 15 d In-house course EAV/DEM 58
Refinery Operation Management & Linear Programming 5d In-house course EAV/ROM 59
Economic Framework of Refining 5d 28 May - 1 June Rueil €3,180 EAV/EFR 60
Economic Optimization of Refining Operations 5d 17 - 21 December Rueil €3,320 EAV/REO 61
Refining & Petrochemicals Synergies 2d 21 - 22 November Rueil €1,490 EAV/SRP 62
Profitability Analysis of Downstream Investment Projects 3d 15 - 17 May Rueil €2,030 EAV/PDP 63
Marketing & Sales of Lubricants 4d In-house course EAV/MSL 64
Supply Chain Management 4d In-house course EAV/SCH 65
Downstream Module 60 d 16 April - 13 July Rueil €12,550 EAV/DOM 66
Gas, Electricity & Renewable Energies Duration Dates Location Tuition fee (H.T.) Reference Page
Overview of Natural Gas Economics 4d 26 - 29 June Rueil €2,730 GER/ONE 68
Liquefied Natural Gas Economics 4d 18 - 21 September Rueil €3,250 GER/LGE 69
Gas Markets & Trading 2d In-house course GER/GMT 70
Contractual Framework of Gas Sale-Purchase & Transportation 3d In-house course GER/CGT 71
NEW Legal Issues Relating to FSRU Projects 2d 11 - 12 September Rueil €2,460 GER/FSRUGB 72
NEW Negotiating LNG Master Sale & Purchase Agreement 2d 2 - 3 October Rueil €2,460 GER/MSPA 73
Natural Gas & Electricity Trading 2d 3 - 4 October Rueil €1,980 GER/GET 74
NEW Gas & LNG Economics Certification 35 d In-house course GER/GCEGGB 75
Unconventional gas 3d 22 - 24 May Rueil €2,580 GER/UCG 76
Unconventional Gas Economics 4d In-house course GER/UCGI 77
Econometrics & Forecasting 5d 19 - 23 November Rueil €3,310 GER/ECF 78
NEW Towards Energy Transition 1d 20 September Rueil €680 GER/TET 79
Assess Energy Efficiency & CO2 Reduction 2d 18 - 19 April Rueil €2,690 GER/AECO 80
Finance & Management Duration Dates Location Tuition fee (H.T.) Reference Page
Strategic Management in International Oil & Gas Business 5d In-house course GIP/SBA 82
Financial Management of an International Oil & Gas Company 10 d In-house course GIP/FMC 83
NEW Upstream Budget Practice 5d In-house course GIP/UBP 84
Upstream Contracts Audit 5d 3 - 7 December Rueil €3,630 GIP/UCA 85
Upstream Auditing Certification 10 d In-house course GIP/ADVUA 86
Investment Profitability Studies in the Oil & Gas Industry 3d 24 - 26 April Rueil €2,120 GIP/IPS 87
Governance of an E&P Company 5d 26 - 30 November Rueil €3,630 GIP/GEPC 88
18
Course calendar
Title of the course Location Duration January February March April May June July August September October November December Page
Paris Energy Happenings

International Oil Summit Paris 1d 19 22
International Gas & Power Summit Paris 1d 22 23
Upstream Economics
Contractual Framework of Exploration & Production Rueil 3d 15 17 28
NEW Dispute Resolution in the Upstream Activity Rueil 1d 18 30
Negotiation of Exploration-Production Contracts Rueil 4d 22 25 31

Operating under "Local Content" Rueil 3d 17 19 32
Oil Fields Unitization Rueil 3d 05 07 33
Economic Framework of Exploration-Production Rueil 5d 09 13 34
Economics & Risk Analysis of Upstream Projects Rueil 5d 15 19 36
Upstream Module Rueil 60 d 03 06 39
Exploration-Production Overview Rueil 5d 24 28 10 14 40
Introduction to Petroleum Engineering Rueil 5d 19 23 03 07 41
Estimation & Cost Control Certification Rueil 5d 08 12 42
Project Management Certification Rueil 5d 11 15 19 23 43
Oil & Gas Field Processing Rueil 5d 26 30 45

Natural Gas Rueil 5d 08 12 46
HSE Management Pau 5d 05 09 49
Oil Markets, Trading & Shipping

Overview of Petroleum Economics Rueil 4d 04 07 52
Oil Markets & Trading Rueil 3d 29 31 53
Price Risk Management in Energy Markets Rueil 3d 16 18 54
Shipping: General Features, Chartering Contracts & Operations Rueil 4d 03 06 11 14 55
Downstream Economics
Economic Framework of Refining Rueil 5d 28 01 60
Economic Optimization of Refining Operations Rueil 5d 17 21 61
Refining & Petrochemicals Synergies Rueil 2d 21 22 62
Profitability Analysis of Downstream Investment Projects Rueil 3d 15 17 63
Downstream Module Rueil 60 d 16 13 66
Gas, Electricity & Renewable Energies

Overview of Natural Gas Economics Rueil 4d 26 29 68
Liquefied Natural Gas Economics Rueil 4d 18 21 69
NEW Legal Issues Relating to FSRU Projects Rueil 2d 11 12 72
NEW Negotiating LNG Master Sale & Purchase Agreement Rueil 2d 02 03 73
Natural Gas & Electricity Trading Rueil 2d 03 04 74

Unconventional gas Rueil 3d 22 24 76
Econometrics & Forecasting Rueil 5d 19 23 78
NEW Towards Energy Transition Rueil 1d 20 79
Assess Energy Efficiency & CO2 Reduction Rueil 2d 18 19 80
Finance & Management

Upstream Contracts Audit Rueil 5d 03 07 85
Investment Profitability Studies in the Oil & Gas Industry Rueil 3d 24 26 87
Governance of an E&P Company Rueil 5d 26 30 88
Happenings
Energy Happenings
Paris Energy
Paris
Upstream Economics
International Oil Summit ................................................................................................................................................................................................................. p. 22
International Gas & Power Summit ........................................................................................................................................................................................ p. 23

& Renewable Energies
Gas, Electricity
International Oil Summit

Jointly organized with IFP Énergies nouvelles & Petrostrategies
Course Content 1 day

Purpose
Over the past years, the Summit has been The 2017 edition of the Summit will examine how industry is adjusting to a new oil price environment and assess impact of
the circle for policy makers and oil industry such adjustments on global oil and energy security. The Summit will also look at ways and means to successfully do business
leaders to exchange views on ways and and implement sustainable energy policies in an increasingly carbon-constrained world. Through very interactive sessions, the
means to address a large spectrum of oil 18th International Oil Summit will address the following questions.
related issues; securing investment and
meeting future oil demand, addressing oil
market volatility and its harmful effects GLOBAL DIALOGUE SESSION (heads of IEA, IEF & OPEC)
on investment, improving dialogue among How does present oil market impact global energy security?
producing and consuming countries, and What concerted government actions could improve market security in the short-, medium, - and long-term?
between oil and service companies on How can producers and consumers manage their energy transition successfully?
project management, improving partnership
schemes (local content, risk sharing, etc.).
MINISTERIAL PANEL
How does present oil market environment impact global energy security in the short, medium and long-term?
Audience How to reduce oil market volatility and secure investment needed in order to meet present and future oil demand?
The International Oil Summit is an annual What does it take to align local and global energy mix with commitments to reduce climate change without
gathering of Energy and Oil Ministers, harming energy security?
Heads of IEA, OPEC and IEF, CEOs and
key industry leaders, from IOCs, NOCs OIL COMPANIES PANEL
and service sector, to discuss the most What lessons have been learned from shale Oil & Gas development and recent price slide?
relevant issues of the oil sector. The Summit What are the long lasting consequences of shale revolution on the global oil business?
provides a unique platform for executives
How are companies adjusting to the new oil price environment? How to successfully do business in an increasingly
from Oil & Gas companies and service
sector, energy market analysts, Government carbon-constrained world? Can IOCs, NOCs and Service Companies build and implement innovative strategies to
officials, investment banks, legal firms, jointly meet the future oil demand?
journalists, consultants, etc. to get close
access to industry decision makers. SERVICE SECTOR PANEL
Technology input in a world of volatile Oil & Gas prices.
How are service companies adjusting in cost reduction environment?
How do Service companies see future collaboration with IOCs, NOCs and other stakeholders?
How can the industry rebuild both capability and capacity so it can develop future oil resources?
Reference: PEH/IOS Contact: eco.rueil@ifptraining.com

Location Start Date End Date Tuition Fees
Paris 19 April 19 April €990
22
Happenings
Energy Happenings
International Gas & Power Summit
Paris Energy
Jointly organized with IFP Énergies nouvelles & Petrostrategies
Paris
Course Content 1 day
Purpose
The International Gas and Power Summit is The 2017 edition of the Gas and Power Summit will feature senior level executives from gas and power industry
an annual gathering of key gas and power as well as non-industry stakeholders, and address the most timely and topical issues facing the global and
Upstream Economics
industry leaders and heads of international European gas and power industry. The Summit sessions will focus on the most relevant commercial and strategic
organizations to discuss the most relevant issues that affect both natural gas and power value chain.
issues affecting the gas and power Through very interactive sessions, the 22nd International Gas and Power Summit will address the following
sector. Over the past years, the Summit questions:
has been the circle for policy makers
Where will natural gas demand and LNG come from in the next 5-10 years?
and industry leaders to exchange views
on ways and means to address a large
How can producers and buyers work together towards market consolidation?
spectrum of gas and power related issues; How are FIDs affected in today’s lower oil prices environment?
gas and power markets development, How could renewables expansion impact the evolving role of natural gas?
regulatory frameworks, players’ strategies, Implementation of COP21 Paris agreement: what are the main challenges and opportunities for the gas
environmental challenges, impacting and power industry?
exogenous factors, etc. Should power generators prepare for the mass electrification of personal transport vehicles?
In order to get the utmost benefit of the How is the electricity market liberalization impacting the role of gas in the power sector?

participation in the Summit, genuine debate
LNG versus Russian Gas competition in European markets.
is encouraged with the participation of
high caliber speakers from gas and power
What is the impact of LNG imports on European gas pricing dynamics?
industries and other institutions such Exploring the relations between gas, power & carbon pricing.
as Total, Engie, GE, Gas Natural Fenosa, How did low gas prices impacted infrastructure investments?
Gazprom, Sonatrach, Cheniere, Sonelgaz, Will the new LNG wave shake the global supply-demand balance?
EDF, International Energy Agency, IFP How are the innovation trends in European power markets impacting energy trading?
Energies nouvelles, etc.
Audience
The Summit attracts senior executives from
the gas and power industry, energy market
analysts, Government officials, investment
banks, legal firms, regulators, researchers,
journalists, consultants, etc. and provides
get close access to industry decision
makers.

Gas, Electricity
Reference: PEH/IGS Contact: eco.rueil@ifptraining.com

Paris 22 November 22 November €990
Upstream Economics
Economics
Upstream Economics
Upstream
E&P Companies in Changing Environment ............................................................................................................................................................................ p. 26
Upstream Economics & Management p. 27

......................................................................................................................................................................................
Contractual Framework of Exploration-Production .......................................................................................................................................................... p. 28
Production Sharing & Joint Operating Agreements ......................................................................................................................................................... p. 29
Dispute Resolution in the Upstream Activity ......................................................................................................................................................................... p. 30
Negotiation of Exploration-Production Contracts ............................................................................................................................................................. p. 31
Operating under “Local Content” .................................................................................................................................................................................................. p. 32
Oil Fields Unitization ................................................................................................................................................................................................................................ p. 33
Economic Framework of Exploration-Production .............................................................................................................................................................. p. 34
Practice of Exploration-Production Contracts Economic Modeling ..................................................................................................................... p. 35
Economics & Risk Analysis of Upstream Projects ............................................................................................................................................................ p. 36
Upstream Economist Certification ................................................................................................................................................................................................ p. 37
Upstream Economie & Management Certification ........................................................................................................................................................... p. 38
Upstream Module ..................................................................................................................................................................................................................................... p. 39
Exploration & Production Overview ............................................................................................................................................................................................. p. 40
Introduction to Petroleum Engineering ..................................................................................................................................................................................... p. 41
E&P Project Cost Estimation & Control Certification ....................................................................................................................................................... p. 42
E&P Project Management Certification .................................................................................................................................................................................... p. 43
Fundamentals of Production ............................................................................................................................................................................................................ p. 44
Oil & Gas Field Processing ................................................................................................................................................................................................................. p. 45
Natural Gas ................................................................................................................................................................................................................................................... p. 46

Petroleum Engineering Certification p. 47

Gas, Electricity
............................................................................................................................................................................................
LNG Processing Engineer Certification ..................................................................................................................................................................................... p. 48
HSE Management .................................................................................................................................................................................................................................... p. 49

Upstream Economics
E&P Companies in Changing Environment
Level: PROFICIENCY Course Content 1 day

Purpose
HYDROCARBONS IN THE GLOBAL ENERGY MIX
This course provides an understanding of
risks and mitigating strategies to adapt to a Oil & Gas in energy demand.
changing Oil & Gas environment. Efficiency and consumption: any pic demand in the horizon?
Oil & Gas prices impact on petroleum demand.
Audience
OIL & GAS SUPPLY (per area & types of resources): ECONOMICAL, FISCAL,
Oil & Gas professionals with already a good GEOPOLITICAL, TECHNICAL & SOCIAL ISSUES
understanding of petroleum markets. Oil & Gas supply present status and short term prospects.
Contribution of “new resources” (conventional, LTO, tar sands, extra heavy oil, deep and ultra-deep).
Learning Objectives Breakeven and financial specifications of projects (Pay Out time, financial exposure, etc.).
Impact of the price collapse on the financials; rent sharing between governments and companies.
Upon completion of the course, the Beyond the prices, what are the geopolitical, technical and environmental risks?
participants will be able to:
identify the main economic, market,
FUTURE PRICES & PROJECTS: AFTER THE STORM
environmental and political forces driving
Oil & Gas demand, supply, and prices, Oil & Gas prices scenarios (BP, EIA, EM, IEA, OPEP, etc.).
understand the different Oil & Gas Black swan scenarios.
prices scenario (including “Black Swan” Key issues:
scenario), Will OPEC lose control?
analyze the impact of Oil & Gas prices on New gas price mechanism?
projects and areas, Will Brent and WTI gap narrow?
apprehend the evolution of E&P How the financial markets will impact crude oil prices?
companies strategies in uncertain
What is the link between USD and crude oil?
environment.
IN THE MIND OF E&P PLAYERS

Ways & Means E&P companies’ strategy: being aligned with shareholders (private or public) & lenders.
Unconventional LTO project analysis & Value creation: Economic decisions & economic assumptions.
cost cutting simulation. Oil & Gas E&P strategy in evolving environment:
Discussion on E&P strategies. Portfolio management,
Reorganization, outsourcing, Business Unit strategy, etc.
Prerequisites Defensive mergers.
Basic knowledge in the areas of oil Assets mutualization and partnership.
markets. Shareholders satisfaction (dividend, share buyback, split).
Cash management.
New strategic developments.
Cost cutting.
Reference: EAM/ICCE Only available as an In-House course. Contact: eco.rueil@ifptraining.com
26 Detailed program is available upon request

Upstream Economics

Upstream Economics & Management
Level: FOUNDATION Course Content 15 days

Purpose
MODULE 1: UPSTREAM ECONOMIC & CONTRACTUAL FRAMEWORK
This training aims to provide participants
with a clear view of the contractual and
Economics
Upstream Economics
economic framework of Exploration & Upstream economic environment 1d
Production in order to apprehend the tools Economic development of the upstream sector.
for decision making, financial management Various actors in Exploration-Production and their strategies. Oil markets and prices.
and auditing. Current exploration and production activities.
Upstream
Levels of investment.
Audience Examples of finding, development and production costs.
This course is designed for managers from
Contractual & fiscal framework of upstream projects 4d
the upstream sector who require a global
picture of all the economic, financial and Concession and Production-sharing contracts: principles, examples of tax regimes and case studies.
contractual aspects of exploration and Risk-service contracts and technical assistance contracts.
production activities. Objectives of a flexible and progressive tax system, flexible taxation terms.
General structure of Exploration-Production contracts.

Learning Objectives Exploration phase: duration, commitments, surrender, data and information, etc.
Appraisal phase: work program, gas provisions, commerciality, etc.
Upon completion of this course, participants Development phase: financing, State participation, budgets and development plans, unitization, etc.
working in the upstream sector will be
Production phase: work conduct and supervision, audit and accounting, financing, taxation, transportation and
able to:
evaluate all aspects of taxation and the marketing of production, hydrocarbon price determination, etc.
contracts used, General terms & conditions: title transfer, force majeure, governing law and dispute resolution.
build advanced economic models for the Main legal provisions in a Joint Operating Agreement, and Farm in/Farm out agreement.
economic evaluation of projects,
analyze the economic results and
conduct sensitivity analysis, MODULE 2: UPSTREAM PROJECT ECONOMICS
incorporate the geological risks and
uncertainties in the economic evaluation Economic analysis of E&P projects 4d
of projects,
Cost of capital and discount rate, value creation.
analyze the main corporate financial
statements (profit/loss and balance
Economic criteria for project evaluation: net present value (NPV), internal rate of return (IRR), payback period, etc.
sheets) issued by oil companies. Global profitability analysis, the impact of taxation and inflation on economic indicators.
Specific method to Exploration & Production: shadow interest.
Equity profitability analysis.
Ways & Means
Case studies simulated on computers. Risk analysis of E&P projects 1d
Development of an oil field (under Introduction to risk analysis and risk discount rate: sensitivity analysis, Spider and Tornado diagrams.
concession and production sharing Probability of success, economic risk analysis in oil exploration.
agreements).
Economic study of an exploration project using Min, Mode and Max scenarios.
Acceleration of a production project with
or without EOR. Impact of “ringfencing” and the state participation in the decision-making process.
LNG plant project with specific financing.
Gas pipeline project with specific
financing. MODULE 3: UPSTREAM ACCOUNTING & FINANCE
Impact of “ringfencing” and the state Statements of accounts for an Oil & Gas company, upstream specificities.
participation in the decision making Exploration: full cost, successful efforts, FAS 19.
process. Reserves accounting: rules, FAS 69, control.

Gas, Electricity
Valuation of a decision to acquire Consolidation and Joint Venture accounting.

information (seismic or drilling).
Contract accounting, social accounting, group accounting.
Pricing of an exploration block.
Analysis and construction of balance Accounting for concessions and PSCs: reserves, inventories, commitments, revenues.
sheets, income statements and key Norms: asset amortization, asset retirement obligations, value impairment test, etc.
financial statements of an Oil & Gas Reporting: purpose, obligations, financial communication.
company. Analytical accounting. Cost management and control.
Examples of petroleum laws & fiscal Audit: general, fiscal, partners.
regimes around the world (Northwestern Tax audit: recoverable costs, common costs, sole costs.
Europe, North Africa, West Africa, Middle
East, Asia-Pacific, etc.).
Prerequisites
Participants need to be comfortable with

Microsoft Excel.
Reference: EAM/UEM Only available as an In-House course. Contact: eco.rueil@ifptraining.com
Detailed program is available upon request www.ifptraining.com 27

Upstream Economics
Contractual Framework of Exploration-Production

Purpose
LEGAL FRAMEWORK 0.5 d
To provide participants with a good
understanding of the shape and dynamics Objectives of actors, role of national oil companies, stakes in E&P.
of Oil & Gas Exploration-Production Principles of rent sharing, property of hydrocarbons and State sovereignty.
contracts. Procedure for contracts awarding, different regimes and petroleum laws in the world.
Legal approach of petroleum law conception and implementation.
Audience
CONTRACTUAL & FISCAL FRAMEWORK 1d
Professionals from the E&P sector Main evolutions in contractual relationships.
and managers who need a practical
Concessions contracts: principles, State's revenues, examples of tax regimes and case studies.
understanding of all the concepts, principles
and rules of Oil & Gas patrimonial contracts
Production-sharing contracts: principles, examples, of tax regimes and case studies.
between host countries and international oil Risk-service contracts, buy-back contracts and technical assistance contracts.
companies. Fiscal and non-fiscal constraints.
Objectives of a flexible and progressive tax system.
Learning Objectives Exercise: comparison of concession and production sharing contracts.
Case study: comparative reading between a HC law and an E&P contract.
Upon completion of the course, participants
will be able to: MAIN ARTICLES OF E&P CONTRACTS 1d
identify the key issues and constraints
General structure of patrimonial contracts.
in the contractual negotiations between
host countries, NOCs and IOCs, Exploration phase: duration, commitments, surrender, data and information, etc.
categorize the different tax systems and Appraisal phase: work program, gas provisions, commerciality, etc.
contractual frameworks in existence, Development phase: financing, State participation, budgets and development plans, unitization, etc.
identify the main contractual and fiscal Production phase: work conduct and supervision, audit and accounting, financing, taxation, transportation and
clauses of E&P contracts. marketing of production, hydrocarbon price determination, etc.
General terms & conditions: title transfer, sole risk, force majeure, local content, environmental protection,
Ways & Means governing law and dispute resolution.
Comparative reading on a HC law and a
Conclusion: recent trends in oil taxation and patrimonial contracts.
E&P contract.
Exercises on rent sharing. JOINT OPERATING AGREEMENTS 0.5 d
Examples of petroleum laws & fiscal Main legal provisions in a Joint Operating Agreements (JOA).
regimes around the world. Other agreements: JSBA (Joint Study & Bidding Agreement), unitization, farm-in/farm-out.
Prerequisites
No prerequisites for this course.
Reference: EAM/CFEP Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 15 May 17 May €2,380
This course is also available in French: EAM/CCEP. Please contact us for more information.

Upstream Economics

Production Sharing & Joint Operating Agreements
Level: PROFICIENCY Course Content 3 days

Purpose
PRODUCTION SHARING AGREEMENTS (PSA) 1d
To provide participants with an in-
depth understanding of the concepts, Introduction
Economics
Upstream Economics
mechanisms and articles of Production Origins, concept and scope of the PSA.
Sharing and Joint Operating Agreement. Comparison of PSA to other contracts.
Contents and structure of a typical PSA.
Audience PSA mechanisms
Upstream
Cost oil, profit oil split, “Government Take”.
Exploration and production professionals,
Bonuses, first tranche petroleum, tax holiday, cost recovery ceilings, uplifts, investment credits, government
legal personnel entering the E&P scene,
service companies managers and
“back-in”.
government employees. Typical PSA cash flow forecast chart.
Case study: comparative reading of a mining law and a PSC.
Learning Objectives MAIN ARTICLES OF AN E&P CONTRACT 1d
Upon completion of the course, participants General structure of patrimonial contracts.

will be able to: Exploration phase: duration, commitments, surrender, data and information, etc.
identify the main concepts, principles Appraisal phase: work program, gas provisions, commerciality, etc.
and articles of a Production Sharing
Development phase: financing, State participation, budgets and development plans, unitization, etc.
Agreement which contractually binds
petroleum companies with a ministry Production phase: work conduct and supervision, audit and accounting, financing, taxation, transportation and
and/or a state oil company, marketing of production, hydrocarbon price determination, etc.
evaluate the management of Petroleum General terms & conditions: title transfer, sole risk, force majeure, local content, environmental protection,
Exploration and Production partnerships governing law and dispute resolution.
to successfully find and produce Conclusion: Recent trends in oil taxation and patrimonial contracts.
hydrocarbons, Real-life examples from the news.
discuss the practical aspect of contracts:
identifying key issues, understanding JOINT OPERATING AGREEMENTS (JOA) 1d
constraints and deadlines, getting
Introduction
familiar with the document.
The purpose of the joint ventures and use of a JOA.
The relationship of the JOA to other oil industry contracts.
Ways & Means
Structure of a JOA, definitions and terminologies.
Case studies. The operator: appointment, rights and duties, liabilities, responsibilities, resignation, removal.
Exercises on Production Sharing The partners
Contracts. Rights and duties, liabilities, responsibilities.
Analysis of Joint Operating Agreements.
The operating committee and sub committees.
Examples of petroleum laws & fiscal
regimes around the world.
Establishment, powers and duties, notices, voting procedures, impact of voting, pass-mark.
Case study: discussing the main articles of a selected Joint Operating Agreement (JOA).
Prerequisites
Basic knowledge of the contractual
environment of E&P.

Gas, Electricity
Reference: EAM/PSA Only available as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: EAM/CPA. Please contact us for more information.

Upstream Economics
NEW Dispute Resolution in the Upstream Activity
Level: ADVANCED Course Content 1 day

Purpose
DISPUTE CAUSES & SETTLEMENT PROCEDURES
To provide participants with a specific
understanding of how disputes arising from Importance of contractual provisions related to settlement of disputes.
contracts interpretation are resolved. Different modes of settlement of disputes.
International arbitration.
Audience The main institutions of arbitration and their role.
Examples of disputes between States and International Oil Companies.
Exploration and Production professionals,
legal personnel entering the E&P scene,
service companies managers and
government employees.
Learning Objectives
will be able to:
identify potential conflict zones within
E&P contracts,
get familiar with the specificities of
dispute resolutions in the case of
contract interpretation conflicting views,
identify main ways of settlement.
Ways & Means

Examples of contracts disputes and
settlements.
Prerequisites
environment of E&P.
Reference: EAM/DR Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 18 May 18 May €790
This course is also available in French: EAM/RL. Please contact us for more information.

Upstream Economics

Negotiation of Exploration-Production Contracts

Purpose
REMINDER OF CONTRACTUAL & FISCAL FRAMEWORK
To have an overview of the EP patrimonial 0.5 d
contract negotiation and to develop or OF EXPLORATION-PRODUCTION
Economics
Upstream Economics
deepen a skill in negotiating, using rigorous Concession, Production Sharing Agreement, Service Contracts.
methodology and innovative approach. Analysis of the contract contents' analysis.
Distribution of the different items into homogeneous “bundles”: clauses related to the exploration stage, clauses
Audience conducting operations, clauses related to economic and tax calculations, to pure legal issues, to financial terms,
Upstream
etc.
People who could participate in one or
Important clauses of a contract to prepare a negotiation.
more stages of an EP contract negotiation:
negotiators, project managers, explorers,
engineers, lawyers, economists, advisors,
REMINDER OF ECONOMIC EVALUATION OF E&P PROJECTS 0.5 d
managers from the public sector related to Cost of capital and discount rate, value creation.
the energy sector and representatives of Economic criteria for project evaluation: net present value (NPV), internal rate of return (IRR), payback period, etc.
national companies. Global profitability analysis, the impact of taxation and inflation on economic indicators.

Learning Objectives NEGOTIATION SKILLS 0.5 d
Negotiation principles: methodology and techniques.
Upon completion of the course, participants Preparation for negotiating: principles, economic reminders, technical reminders (reserves, etc.).
will be able to:
describe the different ways to access
ROLE PLAY 2.5 d
acreage,
use a rigorous methodology and Case study preparation per team (Joint Venture: JV, State).
innovative approach for upstream Preparation for the first round of negotiation (contact and consultation).
contracts negotiation, First simulation and debriefing, updating the negotiation plan.
make an objective and comprehensive Preparation for the second round of negotiation (confrontation and early conciliation).
report to their management and Second simulation and debriefing, updating the negotiation plan.
anticipate objections. Preparation for the third round of negotiation (construction of the agreement and conclusion).
Third simulation and debriefing.
Ways & Means Preparation of the report to the management and presentation.
Simulation of a negotiation (role play where
each stakeholder is played by a different
team) allowing real-life negotiation case.
Prerequisites
environment of E&P.

Gas, Electricity
Reference: EAM/EPCN Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: EAM/CNEP. Please contact us for more information.

Upstream Economics
Operating under “Local Content”

Purpose
WHAT IS “LOCAL CONTENT”? 0.5 d
To master the implications of Local Content
provisions over the execution of an oil field Context and current overview.
development project, mainly in terms of Typology of Local Content provisions applicable in the Oil & Gas business: goods and services, workforce, know-
procurement and personnel management. how and technology transfer.
Challenges and opportunities.
Audience
THE LOCAL CONTENT MANAGEMENT PLAN (LCMP) 1d
Managers from the Oil & Gas public sector Contractual strategy.
(NOCs, regulation authorities, ministries)
Key-factor and associated risks.
or from IOCs having to deal or operate
under a “Local Content” environment and
Setting up and management of a LCMP.
contractual provisions.
CONSEQUENCES OF LC PROVISIONS ON THE EXECUTION
1d
OF A PROCUREMENT CONTRACT
Learning Objectives Contractual strategy including impact on Oil & Gas contracts.
Upon completing the course, participants Tendering process.
will be able to: Recommendation & awarding.
identify the key-factors in the Local Execution - Control.
Content provisions applicable to a given
Links with maintenance and exploitation.
contractual context, and assess their
impact over the execution of an oil field
development project, IMPACT OF LC PROVISIONS ON WORKFORCE MANAGEMENT 0.5 d
participate in the elaboration of a Local Employment.
Content Management Plan, Training and education.
take part in a procurement contract
tendering, negotiation and follow-up,
take into account the impacts of LC
provisions on workforce management.
Ways & Means

Course delivered by experts in the field
of Local Content management in the Oil
& Gas business.
Practical case-study on a procurement
contract.
Prerequisites
Bachelor degree with a 5-year experience
minimum at a management level in the
fields of engineering, law, finance or
economics in the upstream Oil & Gas
industry; a good knowledge of the various
project phases of an oil field development
would be a plus.
Reference: EAM/OLC Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 17 December 19 December €3,020
This course is also available in French: EAM/CLC. Please contact us for more information.

Upstream Economics

Oil Fields Unitization

Purpose
INTRODUCTION 0.25 d
To provide the participants with a
comprehensive overview of the various Context - Stakes.
Economics
Upstream Economics
parameters at stake in an oil field Overview of current unitized oil developments.
unitization project using real-case
examples, in order for them to be able RESERVES DEVELOPMENT UNDER AN UNITIZATION PROJECT 0.25 d
to take part in negotiations for oil field Principles.
Upstream
unitization contracts. Stakes and key factors.
Consequences in terms of development schemes.
Audience
UNITIZATION IMPLICATIONS 0.5 d
Managers from the public and the private
sector with a minimum 5-year experience Political aspects.
in technical or functional positions in the Contractual aspects.
upstream Oil & Gas sector, having to deal Economic aspects.
with unitization cases or projects. Fiscal aspects.

Learning Objectives STRUCTURE OF AN UNITIZATION CONTRACT 1d
Main provisions.
Upon completing the course, participants Cross country case:
will be able to:
The boundary question.
explain the various factors at stake in the
case of an unitization project, both on a Various types of contracts: unitization, commercial agreement, joint development area.
national perspective (cross permit) and a Study case based on real-case examples.
transnational perspective (cross country),
have a critical approach to the main CASE STUDIES BASED ON RECENT UNITIZED DEVELOPMENT CASES 1d
provisions at stake in a unitization
contract,
choose the best suitable type of contract,
take part in a negotiation team for
unitization.
Ways & Means
Real-case studies.
Feedbacks from experts in the field of
unitization.
Prerequisites
framework of E&P and its main provisions.

Gas, Electricity
Reference: EAM/UNITZ Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: EAM/UNIT. Please contact us for more information.

Upstream Economics
Economic Framework of Exploration-Production

Purpose
UPSTREAM ECONOMIC ENVIRONMENT 0.5 d
To allow the participants to get familiar with
the use of decision-making tools in the field Economic development of the upstream sector.
of E&P projects economics and financial Various actors in Exploration-Production and their strategies. Oil markets and prices.
analysis. Current Exploration and Production activities.
Levels of investment.
Audience Examples of finding, development and production costs.
Engineers and commercial staff who CONTRACTUAL & FISCAL ENVIRONMENT 0.5 d
need to extend their understanding of the
General principles of oil tax systems.
economic and financial aspects of the
upstream sector.
Legal framework: concessions agreements, production sharing contracts, service contracts.
Impact of various contractual and technical parameters.
Sharing of the economic rent between the State and Oil Companies. Economic flexibility.
Learning Objectives Legal aspects of joint ventures.
Upon completion of the course, participants Main legal provisions in a Joint Operating Agreement (JOA).
will be able to:
explain the economic, technical and ECONOMIC EVALUATION OF E&P PROJECTS 2d
fiscal aspects of E&P activities, Cost of capital and discount rate, value creation.
evaluate the economic profitability of a
simplified E&P project and assess its key
sensitivity parameters, Global profitability analysis, the impact of taxation and inflation on economic indicators.
analyze the main corporate financial Case studies: development of an oil field (under concession and production sharing agreements).
statements (Profit/Loss and Balance Introduction to risk analysis and risk discount rate: sensitivity analysis, Spider and Tornado diagrams.
Sheet) issued by oil companies. Probability of success, economic risk analysis in oil exploration.
Ways & Means Case studies: valuation of a decision to acquire information (seismic or drilling) and pricing of an exploration
block.
Case studies simulated on computers.
Development of an oil field (under
concession and production sharing
UPSTREAM ACCOUNTING & FINANCE 2d
agreements). Financing of Oil & Gas projects. Basic aspects of accounting and financial analysis.
Acceleration of production project with or Special mandatory reporting for oil companies.
without EOR (Enhanced Oil Recovery). Principles of consolidation.
Valuation of a decision to acquire Accounting of exploration expenditures, full cost, successful efforts.
information (seismic or drilling). Amortization and depreciation methods, special provisions (depletion allowance…).
Pricing of an exploration block. Funds from operations, cash flows, financial equilibrium, working capital.
Analysis and construction of balance
Financial statement, return on capital employed, return on equity, financial leverage.
sheets, income statements and key
financial statements of an Oil & Gas
Cost analysis and budgeting.
company. Exploration costs, finding costs, development costs, replacement costs, production costs.
Capital budgeting, authorizations for expenditure, planning and scheduling, budgeting exploration activities.
Joint venture accounting, accounting procedures, cash calls, joint venture audit.
Prerequisites
Case study: construction of an E&P company financial statements (simplified).
Reference: EAM/EFEP Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 9 April 13 April €3,640
This course is also available in French: EAM/CEEP. Please contact us for more information.

Upstream Economics

Practice of Exploration-Production
Contracts Economic Modeling

Purpose
CONTRACTUAL & FISCAL FRAMEWORK OF EXPLORATION-PRODUCTION 0.5 d
To provide a practical understanding of
the economic modeling of Oil & Gas field Overview of E&P activities, exploration, development and production costs.
Economics
Upstream Economics
development project as well as exploration General principles of oil taxation.
projects. Concession contracts, production sharing contracts and service contracts.
A number of computer case studies will be Principles of rent sharing between States and oil companies.
treated all along the course to apply the Case studies: examples of contracts.
Upstream
principles that are presented succinctly,
which makes this course a very practical OIL CONTRACT MODELING 2.5 d
one. Cost of capital and discount rate, value creation.
Audience Global profitability analysis, the impact of taxation and inflation on economic indicators.
Managers and executives involved in Specific method to Exploration and Production: shadow interest.
Exploration-Production activities who need Case studies: development of an oil field (under concession and production sharing agreements).
to acquire a deep understanding of fiscal Equity profitability analysis.

modeling for project evaluation. Case studies: LNG project and gas pipeline project with specific financing.
Learning Objectives RISK ANALYSIS OF EXPLORATION-PRODUCTION PROJECTS 1d

Introduction to risk analysis and risk discount rate: sensitivity analysis, Spider and Tornado diagrams.
will be able to: Probability of success, methodology of decision tree analysis.
explain the critical aspects of taxation Analysis of economic risk in exploration.
and upstream contracts, Typical problems with uncertainties:
build advanced economic models for Impact of ringfencing and State participation on the exploration decision process.
the economic evaluation of Exploration- Farm in/farm out, cost and value of information.
Production projects, Portfolio management for E&P projects.
analyze the economic results and carry
out sensitivity analysis, CASE STUDIES
incorporate the geological risk and
Development of an oil field (under concession and production sharing agreements).
uncertainty in the economic evaluation of
E&P projects. Acceleration of production project with or without EOR (Enhanced Oil Recovery).
Impact of “ringfencing” and the state participation in the decision-making process.
Ways & Means
Valuation of a decision to acquire information (seismic or drilling).
Case studies simulated on computers. Pricing of an exploration bloc.
Prerequisites
the use of Microsoft Excel.

Gas, Electricity
Reference: EAM/PCM Only available as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: EAM/PMC. Please contact us for more information.

Upstream Economics
Economics & Risk Analysis of Upstream Projects

Purpose
ECONOMIC & CONTRACTUAL FRAMEWORK OF E&P 0.5 d
To provide participants with an in-depth
understanding of the tools used in Various phases of Exploration-Production.
economic analysis and decision making Technical cost, evolution of the economic environment.
tools within the upstream industry. Petroleum Exploration and Production contracts.
Concessions, production sharing contracts, service contracts.
Audience Sharing of the economic rent, economic flexibility in petroleum contracts.
Economic clauses.
Engineers, economists and project
managers who need to extend their
INVESTMENT PROFITABILITY STUDIES 2d
understanding of the specific methods used
to evaluate Exploration-Production projects.
Cost of capital and discount rate, value creation.
Global profitability analysis, the impact of taxation and inflation on economic indicators.
Learning Objectives Specific method to Exploration and Production: shadow interest.
Upon completion of the course, participants Case studies: development of an oil field (under concession and production sharing agreements).
will be able to: Introduction to risk analysis and risk discount rate: sensitivity analysis, Spider and Tornado diagrams.
carry out investment profitability studies Impact of “ringfencing” and the state participation in the decision-making process.
including all aspects of complex fiscal
terms, inflation, and financing,
RISK ANALYSIS OF E&P PROJECTS 1.5 d
out sensitivity analysis, Probability of success, analysis of economic risk in oil exploration.
incorporate the geological risk and Evaluation of exploration projects and decision trees.
uncertainty in the economic evaluation of Farm in/Farm out.
Exploration & Production projects, Risked and unrisked economics.
develop advanced computer models Case study: economic study of an oil project including Min, Mode and Max scenarios.
for the study of Oil & Gas development Evaluation of development projects.
projects. Economic risk associated with a marginal development.
Decision trees and subjective probabilities, decision theory.
Ways & Means
Case studies simulated on computers: PORTFOLIO MANAGEMENT 1d
Development of an oil field (under Components and determinants of asset valuation at various stages of maturity: exploration and appraisal,
concession and production sharing development, production.
agreements). Review of methodologies and processes, probabilistic analysis.
Acceleration of production project with or Asset aggregation and portfolio optimization, tools of choice for comparing expected results and budget
without EOR (Enhanced Oil Recovery). efficiencies.
Impact of “ringfencing” and the state
Conclusions, what works and what doesn't.
participation in the decision-making
process.
Contribution of risk analysis and management to successful exploration.
Valuation of a decision to acquire
information (seismic or drilling).
Pricing of an exploration bloc.
Prerequisites
the use of Microsoft excel.
Reference: EAM/ERA Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 15 October 19 October €3,750
This course is also available in French: EAM/EAR. Please contact us for more information.

Upstream Economics

Graduate Certificate
NEW Upstream Economist Certification

Purpose
TECHNICAL & ECONOMIC ASPECTS OF THE PETROLEUM INDUSTRY
This certifying training aims to provide in-
depth knowledge in economics, contracts/
Economics
Upstream Economics
taxation and finance in order to hold rapidly Module 1: Overview of Oil & Gas chain 5d
and effectively the position of upstream International energy scene.
economist. Upstream economics and downstream economics.
The assessment system is made up of two Oil trading.
(02) elements:
Upstream
an entry assessment, covering all topics Module 2: Introduction to petroleum engineering 5d
treated during the training in order to
Reservoir engineering.
measure the progress of the candidates
and does not validate any module Well intervention.
in order to sanction the certification, Surface facilities.
at the end of each module from 1 to
6, participants must pass written/oral
exams, lasting one hour and a half. ECONOMIC MODELING OF EXPLORATION-PRODUCTION CONTRACTS

Learning Objectives Module 3: Contractual & fiscal framework of exploration-production 5d
will be able to: Legal, contractual and fiscal framework.
evaluate all aspects of taxation and Main clauses of petroleum contracts.
contracts for upstream assets, Association agreements.
build advanced economic models for
evaluating Exploration-Production Module 4: Economic evaluation of exploration-production projects 5d
projects, Economic criteria and economic costs analysis.
incorporate the geological risk and Equity profitability analysis and project funding.
uncertainty in the economic evaluation of Risk analysis of exploration-production projects.
E&P projects,
interpret the different financial
statements (income statement and
balance sheet) published by oil FINANCIAL MANAGEMENT OF UPSTREAM ASSETS
companies,
obtain a global vision on corporate Module 5: Upstream accounting & financial management 5d
governance issues. Accounting standards and consolidated financial statements.
Financial analysis.
Ways & Means Introduction to audit and financial reporting.
Case studies simulated on computers:
development of an oil field (under Module 6: Governance of an E&P company 5d
concession and production sharing Governance of companies.
agreements), Audit & Internal control.
acceleration of production project with or Oil & Gas specific issues.
without EOR (Enhanced Oil Recovery), Best practices study.
LNG plant project with specific financing,
pricing of an exploration bloc,
analyze the main corporate financial
statements (Profit/Loss and Balance
Sheet) issued by oil companies. Technical & economic
aspects of the Economic modeling Financial management
petroleum industry of E&P contracts of upstream assets

10 days 10 days
Prerequisites
Gas, Electricity
10 days
Are allowed to take part to this certified

training only applicants having:
Understanding the technical Financial
a Master's degree or equivalent in
and economic environment Economic modeling evaluation
engineering, economics or finance,
an engineering degree. of E&P of E&P contracts of assets
Applicants must provide proof validating of E&P
these prerequisites, e.g. (copy of
engineering degree, Master, Bachelor
Degree or equivalent).
Why an IFP Training Overview Introduction Contractual Economic Upstream Governance

Certification?
of Oil & Gas to petroleum & fiscal evaluation accounting of an E&P

chain engineering framework of E&P & financial company
A n international recognition of your of E&P projects management
competencies. projects
A Graduate Certificate delivered.
An expertise confirmed in Upstream
Economist.
Reference: EAM/UEC Only available as an In-House course. Contact: eco.rueil@ifptraining.com
Ready-to-use skills.
This course is also available in French: EAM/EAC. Please contact us for more information.

Upstream Economics
Upstream Economics
& Management Certification

Purpose
This certifying training is part of a professional
UPSTREAM ECONOMICS
carrier development to managerial positions in
exploration & production business, requiring Module 1: Overview of Oil & Gas chain 5d
specific skills in economics, contracts, International energy scene. Upstream economics. Oil trading. Downstream economics.
taxation, finance, auditing and project
management.
The assessment system is made up of two Module 2: Introduction to petroleum engineering 5d
(02) elements: Reservoir engineering. Well intervention. Surface facilities.
an entry assessment, covering all topics
treated during the training in order to Module 3: Natural gas chain economics 5d
measure the progress of the candidates
and does not validate any module Natural gas scene. Structure and costs of natural gas chain. Long-term gas contracts and LNG. Different gas
in order to sanction the certification, at markets and strategies of actors. Gas spot markets and futures.
the end of each module from 1 to 12,
participants must pass written/oral exams,
lasting one hour and a half. Module 4: Trading of crude oil & petroleum products 5d
Differenciation of crude oil - Price setting. Finished oil products. Trading and price setting. Trading of oil products-
Learning Objectives contracts.
will be able to: Module 5: Contractual & fiscal framework of exploration-production 5d
evaluate all aspects of taxation and Legal framework. Contractual and fiscal framework. Main clauses of petroleum contracts.
contracts for upstream assets,
develop negotiation skills in petroleum
contracts, Module 6: JOA & negociation of E&P patrimonial contracts 5d
build advanced economic models for Association agreements. Methodology of negotiation. Simulation: negotiating a PSC.
evaluating Exploration-Production projects,
incorporate the geological risk and
uncertainty in the economic evaluation of
E&P projects, MANAGEMENT OF UPSTREAM ASSETS
interpret the different financial statements
(income statement and balance sheet) Module 7: Estimation & cost control 5d
published by oil companies,
prepare and conduct a contractual audit, Context of upstream projects. Project cost estimation methodology. Cost control.
undertake a project cost estimation,
effectively manage the project: engineering Module 8: Economic evaluation of Exploration & Production projects 5d
studies, procurement, construction &
commissioning. Economic criteria. Economic costs analysis. Equity profitability analysis and project funding. Risk analysis of
Exploration-Production projects.
Ways & Means
Case studies simulated on computers:
Module 9: Project management 5d
development of an oil field (under Introduction to preliminary studies. Feed or basic engineering studies. Project control and administration. HSE
concession and production sharing and quality management. Detail studies and procurement. Construction.
agreements),
acceleration of production project with or
without EOR (Enhanced Oil Recovery), Module 10: Upstream accounting & financial management 5d
LNG plant project with specific financing, Accounting standards. Consolidated financial statements. Reporting (board). Financial analysis. Introduction to
impact of “ringfencing” and the state
participation in the decision-making audit and financial reporting.
process,
pricing of an exploration bloc, Module 11: Upstream contracts audits 5d
analyze the main corporate financial Contractual accounting. Association auditing. Government auditing. Implementing a contractual auditing.
statements (Profit/Loss and Balance Sheet)
issued by oil companies,
cost estimation of Exploration & Production Module 12: Hunting for oil: simulation game of E&P chain 5d
projects. The Hunting For Oil™ (HFO™) course presents a practical overview of the mostly used techniques in of the
Prerequisites Upstream Oil & Gas industry, from prospect exploration to field development and production.
Participants will learn to select and acquire license blocks, use seismic data, plan drilling activities, develop their
Are allowed to take part to this certified
training only applicants having: field by analyzing technical aspects, and manage the time line, the budget and other critical factors related to
a Master's degree or equivalent in field development.
engineering, economics, finance or legal
with minimum 2 years working experience,
an engineering degree with a minimum of
2 years working experience,
a Bachelor's degree with minimum of
5 years working experience.
Applicants must provide proof validating these
prerequisites, e.g. (copy of engineering degree,
Master, Bachelor Degree or equivalent).
Why an IFP Training

Certification?
A n international recognition of your
competencies.
A n expertise confirmed in Upstream
Economie & Management.
Ready-to-use skills. Reference: EAM/UEMC Only available as an In-House course. Contact: eco.rueil@ifptraining.com
This course is also available in French: EAM/EAMC. Please contact us for more information.

Upstream Economics

Upstream Module

Purpose
PRODUCTION & RESERVOIR ENGINEERING 12 d
To gain an understanding of the upstream
petroleum sector in its technical, economic This part of the course covers the basic techniques used in exploration, development and production. This will
Economics
Upstream Economics
and financial dimensions (main technical enable the participants to communicate with specialists in this field, understand and estimate the validity of the
mechanisms, key economic data and technical data on which economic analyses are based.
characteristics, management tools, etc.).
GLOBAL ENERGY OUTLOOK 10 d
Upstream
Audience Energy geopolitics.
Energy issues in the context of policy.
Recently hired professionals, preferably
Financial aspects of the petroleum industry.
with an engineering background, about to
take up a position in upstream petroleum
Evolution of the oil industry.
activities.
Staff from other petroleum sectors (refining, UPSTREAM MANAGEMENT 11 d
chemicals, etc.) taking up an upstream Economic aspects of Oil & Gas Exploration-Production.
managerial position or from government Legal and fiscal aspects.

agencies with responsibilities for petroleum Project financing.
matters will also benefit from this course.
EVALUATION OF PROJECTS 12 d
Ways & Means Economic criteria: discounted cash flow, Internal Rate of Return, profitability index.
Field development case study.
Case studies.
Statistical data. Equivalent cost and long-term marginal cost.
Portfolio management.
Prerequisites FINANCE & ACCOUNTING 10 d
No prerequisites for this course. Principles of accounting: case of Oil & Gas companies.
The balance sheet and the income statement and notes.
More info Financial analysis.
Market value, Price Earnings Ratio.
This module is a part of a 16-month master
Statement of cash flow.
degree program, Petroleum Economics and
Management, run by IFP School.
Introduction to cost accounting and management control.
EFFICIENCY ANALYSIS OF INDUSTRIAL FIRMS 5d

Production frontier and economic performances of firms.
Deterministic, stochastic parametric and non-parametric models.

Gas, Electricity
Reference: EAM/UPM Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 3 January 6 April €12,980

Upstream Economics
Exploration-Production Overview
Level: DISCOVERY Course Content 5 days

Purpose
INTRODUCTION TO THE OIL & GAS INDUSTRY 0.25 d
This course aims to provide a
Introduction to the energy business: energy resources; energy demand and supply.
comprehensive overview of the various Scope of the Oil & Gas industry:
steps and techniques involved in Field Brief history of the Oil & Gas industry. Stakeholders: producer and consumer countries; national/ independent/ international
Development Projects, from exploration oil companies; international organizations.
and prospect evaluation to production Oil & Gas development projects and introduction to project activities.
and through HSE issues. It covers the
achievements and challenges of today’s GEOSCIENCES & RESERVOIR ENGINEERING 1.25 d
Exploration & Production industry and also Introduction to petroleum geology:
provides a comprehensive introduction to Geodynamics of the earth. Sedimentary basins.
economics and legal framework in the E&P Structural styles, folds & faults.
industry. Clastic and carbonate depositional environments and reservoirs.
Elements and processes of the petroleum system (source, reservoir, seal, traps).
Subsurface models, inputs data and concepts:
Audience Seismic data gathering, processing and interpretation.
Professionals of the Oil & Gas industry Well data acquisition and analysis.
Formation evaluation and sampling (logs and cores).
looking to acquire a broad knowledge of the
Reservoir characterization and modeling:
E&P industry in order to efficiently interact Data integration; introduction to reservoir modeling.
with specialists of the various segments it Management of subsurface uncertainties.
comprises. Volumetrics (in-place hydrocarbon estimation).
Subsurface Development Options: reservoir engineering:
Field development planning.
Learning Objectives Drainage mechanisms: introduction to EOR.
Upon completion of the course, participants Different types of reservoir effluents and their behavior.
will be able to:
explain the various phases of Oil & Gas FIELD OPERATIONS & DEVELOPMENT 2d
development projects, Drilling:
identify the contribution of all experts Well architecture/design.
and technologies involved through a field Drilling techniques, drilling rigs (onshore/ offshore) and operations.
development project, Well completion:
understand the E&P value chain from Reservoir/wellbore interface; basics of well performance; artificial lift techniques.
Well equipment and well intervention.
prospect to market and associated
Field architecture:
contractual framework, Surface development options; study of various existing fields.
describe techniques involved in field Case of offshore developments.
development in order to efficiently Surface facilities:
interact with technical teams. Well effluent gathering network.
Oil, gas and water processing.
Metering, storage and export.
Ways & Means Oil & Gas transport through pipelines and tankers.
Highly interactive course delivery by Offshore installations: from shallow water to deep offshore technology.
experts of the E&P industry. HSE in field development:
Numerous examples and feedbacks from Main hazards in hydrocarbon exploration & production operations.
the industry. Overview of safety engineering and environmental impact assessment studies throughout Oil & Gas project lifecycle.
Introduction to unconventional developments:
Heavy oil fields.
Prerequisites Tight & shale Oil & Gas fields.
OIL & GAS FIELD DEVELOPMENT PROJECTS: DECISION MAKING PROCESS,
1d
ECONOMICS & LEGAL FRAMEWORK
More info Legal framework in E&P: oil contracts and principle of the oil rent sharing.
Project profitability evaluation:
Other training duration availability on Oil & Gas project economics and financial performance indicators.
request. Reserve evaluation. Impact of subsurface uncertainty on project economics.
Field development process:
Decision making process: preliminary studies. Conceptual studies. Pre-project studies.
Execution phases: basic engineering or FEED. Detailed engineering. Procurement. Construction. Commissioning.
Technical service contracts.
Project control:
Scheduling and planning control.
Cost estimation and control.
SERIOUS GAME: OIL FIELD DEVELOPMENT CYCLE 0.5 d
Reference: GEN/DECOUVEP Can be organized as an In-House course. Contact: exp.rueil@ifptraining.com

Rueil 24 September 28 September €3,570
This course is also available in French: GEN/DECOUVERTE. Please contact us for more information.

Upstream Economics

Introduction to Petroleum Engineering

Purpose
RESERVOIR ENGINEERING 1d
This course provides a complete overview
of petroleum engineering covering primary Geologic traps and characteristics.
Economics
Upstream Economics
issues of reservoir, drilling, completion and Rock and fluids properties, PVT studies.
surface production. Logging and well-test evaluation, oil in place estimation.
Drainage mechanisms, recovery factor.
Audience Improved oil recovery notions.
Upstream
Professionals in technical, commercial, WELL 2.25 d
legal, financial or human resources
Drilling:
departments, within the petroleum industry
or related sectors, who need a general
Oil & Gas exploration organization.
knowledge in petroleum engineering. Well design.
Drilling rig: functions hoisting, rotations, pumping, safety…
Drilling operations: casing, cement job, fishing, D.S.T.
Learning Objectives
Drilling operations chronology.

Upon completion of the course, participants Drilling rig visit.
will be able to: Downhole production/completion:
learn about major issues in petroleum
Completion design.
engineering,
understand the various operations Global approach of flow capacity.
carried out during field development, Reservoir-wellbore interface.
from drilling to surface treatment, Well stimulation.
learn the vocabulary needed to Well equipment and maintenance.
communicate with E&P professionals. Chronology of a completion operation.
Offshore wells:
Ways & Means Selection of the rig type: jack-up, semi…
Design and specific equipment.
Interactive animation by E&P senior
experienced lecturers.
Visits to a drilling rig and a production OIL & GAS PROCESSING FACILITIES 1.75 d
site. Produced fluid properties.
Gathering system, hydrate inhibition.
Prerequisites Crude oil treatment: Oil & Gas separation, crude oil dehydration and desalting processes.
Gas processing: dehydration, sweetening, NGL recovery processes.
No prerequisites for this course. Metering and shipment.
Visit of a production site (if available).
More info
Refer to the following complementary
courses which might be of interest:
“Introduction to Reservoir Engineering”
(E-300); “Drilling Fundamentals” (E-410);
“Well Completion & Servicing” (E-411); “Oil
& Gas Field Processing” (E-540).
Should a scheduled site visit have to be
cancelled, for reasons beyond IFP Training’s
control, and no alternative can be found

Gas, Electricity
in time, an illustration will be discussed in

class using videos.
Reference: GEN/INFPGE Can be organized as an In-House course. Contact: fp.pau@ifptraining.com

Rueil 19 February 23 February €3,580
This course is also available in French: GEN/INFPGF. Please contact us for more information.

Upstream Economics
Advanced Certificate
E&P Project Cost Estimation
& Control Certification

Purpose
OVERVIEW OF E&P PROJECTS 0.5 d
This course provides a structured and
comprehensive approach towards cost Introduction to exploration and production projects:
estimation and control of upstream Oil & Economics and risk analysis in the E&P chain.
Gas projects. Decision process from discovery to production.
Technical fundamentals:
Audience Production facilities.
Structures and pipelines.
Project engineers and managers, petroleum
architects, engineers in charge of the
PROJECT COST ESTIMATION 1.5 d
modification/extension of existing facilities
and R&D engineers.
Estimation framework:
Scope and exclusions. Cost management process. Estimate classes. Capital expenditures. Operating expenses.
Cost evaluation during project evaluation phases:
Learning Objectives Order of magnitude estimate. Factored/modular estimate.
Upon completion of the course, participants Cost evaluation during basic engineering and contracting phases:
will be able to: Semi detailed estimate. Detailed estimate.
technically define a project to provide a From historical data to present time cost evaluation:
comprehensive cost estimate,
Cost escalation, cost indexes, inflation. Location factors.
perform estimates using a variety of
methods and tools, Additional cost elements:
apply the main cost control techniques Risks and uncertainties. Provisions. Particularities of cost estimation of brownfield projects.
used throughout the project execution.
CASE STUDIES ON COST ESTIMATION 1.5 d
Ways & Means CAPEX of an onshore project:
Cost estimate of well clusters, CPF, flow lines, trunk lines and infrastructures using diverse documents
Case studies from upstream projects. (historical data, curves, etc.).
Spreadsheets will be used to perform
CAPEX of an offshore project:
project cost estimates from basic design
parameters.
Cost estimate of a satellite field development.
CAPEX of a deep offshore project:
Cost estimate of the three main packages (FPSO, UFR and SPS).
Prerequisites OPEX of an onshore field:
No prerequisites for this course. Production, transformation and transport costs. Routine and non-routine costs.
COST CONTROL 1.5 d

Why an IFP Training
Overview of cost control process.
Certification?
Impact of contracting strategy.
A n international recognition of your Breakdown structures and budget.
competencies. Commitment process.
An Advanced Certificate delivered. Change management.
An expertise confirmed in E&P Project Forecasts and reporting.
Cost Estimation & Control.
Reference: EPM/COSTGB Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: EPM/COSTFR. Please contact us for more information.

Upstream Economics

E&P Project Management Certification

Purpose
E&P CHAIN VALUE MANAGEMENT 0.5 d
This course explains how large E&P
projects are managed from initial stage to Project evaluation and choices throughout the exploration and production value chain.
Economics
Upstream Economics
completion.
INTEGRATION & SCOPE MANAGEMENT 0.5 d
Preliminary, conceptual and pre-project studies and their deliverables.
Audience
EPC phase objectives and project execution plan.
Upstream
Professionals who require a comprehensive Local content and sustainable development.
understanding of project management
practices for E&P projects. TECHNICAL SERVICE CONTRACTS 0.5 d
Contracting strategy (project breakdown into contracts).
Learning Objectives Types and comparison of technical contracts.
Upon completion of this course, participants Endorsements and assignments.
will be able to: Tendering process.
conduct the preliminary stages of the

project: conceptual and feasibility PROJECT ORGANIZATION 0.5 d
studies, economic evaluation, FEED, Interface management.
enforce project control processes Management of human resources, organization charts, project manager’s role.
to meet scope, cost and schedule Stakeholder management.
objectives,
Communication management.
strengthen HSE in project design and
construction,
select the right type of technical contract, HSE, QUALITY & RISK MANAGEMENT 1d
manage pre construction phases: mainly HSE: tools and techniques for safety and environment design, project reviews, safety concept and safety dossier.
basic engineering and call for tenders, HSE during construction phase, HSE indicators.
manage construction phases: Quality: assurance, control and surveillance management.
engineering, procurement, construction Risks: identification, ranking, action plans.
and commissioning.
PROJECT CONTROL: COSTS & SCHEDULE 1d
Ways & Means Planning and scheduling: schedule elaboration, progress control, recovery plan.
The course is illustrated with several Costs: estimation of facilities expenditures, budget elaboration, cost control, reporting.
examples taken from E&P projects.
A project case study is used throughout OIL & GAS PROJECT PHASES 1d
the course to illustrate each chapter. Detailed engineering: work packages, main deliverables, project reviews, documentation control, changes.
Procurement: activities (purchasing, expediting, inspection, shipping), long lead items, company supplied items,
Prerequisites material control systems.
Construction/Fabrication challenges: contractors and resources, (sub) contract types.
Basic knowledge of petroleum industry.
Construction at site: execution plan, construction methods (temporary construction facilities, prefabrication,
modularization, delivery, erection), interface with commissioning.
Why an IFP Training Fabrication at yards: load-out, transport and installation.
Certification? Completion activities: methodology, sequence, completion dossiers, commissioning systems, hand-over and
acceptance of the facilities.
A n international recognition of your Project close out and management of collective knowledge.
competencies.
An Advanced Certificate delivered.

An expertise confirmed in E&P Project
Gas, Electricity
Management.
Reference: EPM/PROJGB Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 11 June 15 June €3,570
Rueil 19 November 23 November €3,570

Upstream Economics
Fundamentals of Production

Purpose
THE OIL & GAS CHAIN: PRODUCTION POSITION 0.5 d
This course provides an introduction
to Oil & Gas production, along with a Positioning of the production in the value E&P chain.
glossary of terms, covering fundamentals World Primary production.
of technology, chain structure from well Issues and technical constraints:
to export terminal, skills and job positions Conventional resources.
involved in operating production facilities. Unconventional resources.
Job descriptions and skills for production activities.
Audience
ONSHORE & OFFSHORE PRODUCTION 0.5 d
Non-technical staff or technical
professionals not directly involved in
Technical specifications, operating modes.
hydrocarbons production (managers, Operating patterns and mapping fields.
executives, technicians, staff of Technical architectures.
human resources, finance of projects Organization (remote site, extreme conditions, manning, shift…).
departments…). Case studies: FPSO, wet gas field (onshore), oil fields operated with reinjection, remote control room, early
production facilities…
Learning Objectives
FROM WELL TO EXPORT POINT 1d
From reservoir to wellhead: hydrocarbons and well effluent behavior.
will be able to:
understand the different phases of the Well techniques, production techniques and well servicing.
Oil & Gas production process, Surface facilities and treatment operations.
grasp the specific issues of offshore Oil Metering and expedition.
& Gas production, Health Safety and Environment, sustainability.
understand organizations, skills and Budgets (CAPEX, OPEX) during the life cycle of a production field.
job positions involved in operating
production facilities,
acquire a complete view of the Oil &
Gas production chain, stretching over
technical, business and economic issues.
Ways & Means

Course delivered by industry specialists.
Numerous illustrations and case studies.
Prerequisites
Reference: GEN/PRODCHAIN Only available as an In-House course. Contact: ep.rueil@ifptraining.com

This course is also available in French: GEN/CHAINPROD. Please contact us for more information.

Upstream Economics

Oil & Gas Field Processing
Field treatments of Oil & Gas well effluent

Purpose
WELL EFFLUENTS BEHAVIOR 0.5 d
This course provides a comprehensive
overview of Oil & Gas field processing Different types of well effluent. Main characterization parameters.
Economics
Upstream Economics
technology. Liquid-vapor equilibrium of pure substances and mixtures. Effluent behavior.
Constituents that pose problems for storage, transport or commercialization.
Audience Main specifications to conform with and required treatments.
Upstream
Engineers and technicians interested, FUNDAMENTALS OF RESERVOIR & DRIVE MECHANISM 0.25 d
although not directly involved, in Reservoirs: types, exploration techniques.
day-to-day Oil & Gas field processing
Drive mechanisms.
operations: reservoir engineers, drilling and
completion personnel, platform designers,
Enhanced Oil Recovery (EOR): aim and principle of the main techniques.
petroleum architects, equipment suppliers,
economists… FUNDAMENTALS OF DRILLING, COMPLETION & WELL PERFORMANCE 0.25 d
Drilling principle. Case of offshore drilling.
Main completion equipment.
Learning Objectives

Well performance. Needs for artificial lift: principle of artificial lift by pumping, gas lift…
will be able to: WELL EFFLUENT TRANSPORTATION, FLOW-ASSURANCE
list main characteristics of Oil & Gas well 0.5 d
& GAS HYDRATES PREVENTION
effluents,
Gathering network design and operation:
assess problems induced by unwanted
compounds in well effluents, Main flow assurance issues.
explain gathering network design and Multiphase flow. Flow patterns.
operations, Hydrates formation prevention strategies. Hydrates inhibition.
detail field treatment of Oil & Gas Case studies: Gas condensate field development. Deep-offshore production.
streams and processes technology,
grasp fundamentals of Oil & Gas field CRUDE OIL PROCESSING 1d
processing operations and related Crude stabilization by Multi Stage Separation (MSS): election of the number of stages, effect of operating
operating conditions,
parameters, management of foam issues.
ascertain the treatment processes
necessary for production water and
Crude dehydration and desalting. Emulsion treatment: operating parameters, internals, chemicals selection.
injection water. Crude sweetening (H2S removal).
Examples of oil treatment and associated gas compression process schemes.
Ways & Means PRODUCTION & INJECTION WATER TREATMENT 1d
Course delivered by industry specialists. Quality requirements for production water. Environment related constraints.
Numerous applications and illustrations. Main produced water treatments: API oil-water separators, plate separators, flotators, hydrocyclones…
Reasons for water injection.
Prerequisites Quality requirements and necessary treatments: chlorination, filtration, oxygen removal, sulfate removal.
No prerequisites for this course. Examples of process schemes for production and injection water treatment.
GAS PROCESSING & CONDITIONING 1d

Gas dehydration: TEG units, solid desiccants (molecular sieves) units.
Gas sweetening. Acid components (H2S and CO2) removal: amine units, molecular sieves, membranes.
Natural Gas Liquids (NGL) extraction: use of cryogenic refrigeration, Joule-Thompson expansion, turbo-expander.
Gas, Electricity
LIQUEFIED NATURAL GAS 0.5 d

Fundamentals of Liquefied Natural Gas (LNG) chain.
Reference: PROC/OGFP Can be organized as an In-House course. Contact: exp.rueil@ifptraining.com

This course is also available in French: PROC/IPS. Please contact us for more information.

Upstream Economics
Natural Gas
Production - Treatments - Transport - End Uses

Purpose
NATURAL GAS: TYPES & PRODUCTION TECHNIQUES 0.75 d
This course provides a comprehensive
review of the techniques involved in natural Types and characteristics of natural gas fields. Production techniques.
gas production, processing and transport, Different types of natural gases (condensate, wet or dry gas) and characterization parameters.
complemented with an overview of natural Constitution of natural gas well effluent, properties and specific hazards.
gas valorization channels. Case of associated gases: recovery techniques, characteristics, composition, etc.
Audience END USES OF NATURAL GAS - MAIN QUALITY REQUIREMENTS 0.25 d

End uses of natural gases: fuel (domestic and industrial uses), conversion into other energy types (electricity
Professionals from all sectors, involved or
production and cogeneration), automotive fuel (Natural Gas for Vehicles (NGV) and conversion into liquid
interested in the natural gas industry.
automotive fuels GTL), chemical valorization, etc.
Quality requirements for commercial natural gases and associated products (ethane, LPG, condensates).
Learning Objectives Examples of quality standards.
NATURAL GAS PROCESSING 2d
will be able to:
explain fundamentals of natural gas Gas dehydration (drying) and hydrate formation inhibition:
composition, characteristics, production System behavior. Moisture content of a saturated gas.
and field processing, Applications: moisture content of different gases having various compositions.
understand technical issues and specific Hydrate formation inhibition by injection of inhibitors: MeOH, MEG, DEG, LDHI, etc.
constraints of natural gas transport and Gas dehydration: TEG units, Molecular Sieves, etc.
storage, Application: summary design of TEG unit.
review the various end-user markets Gas sweetening: removal of acid components (H2S and/or CO2):
available for valorizing natural gas,
Different techniques applicable for gas sweetening:
grasp key natural gas chain economic
issues. Chemical solvent processes. Amine units (MEA, DEA, DGA, MDEA, etc.).
Physical solvent processes.
Hybrid (physico-chemical) solvent processes.
Ways & Means
Overview of other techniques.
Highly interactive training by industry- Conversion of H2S: sulfur production (CLAUS process) and tail gas processing.
specialist lectures. Application: summary design of an amine unit.
Numerous applications and illustrations.
Natural Gas Liquids (NGL) extraction (removal of heavy components):
External refrigeration loop.
Prerequisites Joule-Thomson expansion.
No prerequisites for this course. Turbo-Expander.
Application: calculation of cryogenic loop used for NGL extraction.
Examples of gas field development schemes:
Gas fields development options: onshore or offshore processing, single-phase or multiphase export pipelines,
“Wet” or “Dry” development.
Other treatments: mercury removal, conversion or adsorption of mercaptans (RSH), etc.
TRANSPORT OF NATURAL GAS IN LIQUID PHASE - LNG OPTION 1d

Liquefaction processes: principle, typical operating conditions, technology.
LNG tanks: Single or Double or Full Containment (self-standing, membrane). Hazards.
LNG transport: LNG carriers (MOSS spheres, Membrane…), export and receiving terminals.
LNG regasification at the receiving terminals, options for refrigeration duty recovery.
TRANSPORT & STORAGE OF NATURAL GAS IN GAS PHASE 0.5 d

Gas pipes: technology, capacities, equipment, recompression units, operating conditions, etc.
Underground storage (old reservoirs, aquifers, salt domes, etc.). Required treatments at outlet.
NATURAL GAS ECONOMICS 0.5 d

Resources, production and markets.
Natural gas marketing: competition of other energy sources and consequences on gas contracts (prices and
duration), cost of transport and its impact on the structure of the gas chain.
Future of the natural gas.
Reference: PROD/NATGAS Can be organized as an In-House course. Contact: exp.rueil@ifptraining.com

This course is also available in French: PROD/GAZNAT. Please contact us for more information.

Upstream Economics

Petroleum Engineering Certification

Purpose
INTRODUCTION TO PETROLEUM GEOSCIENCES 5d
This course provides in-depth technical Elements & processes of petroleum systems. Exploration tools (seismic & well data). Prospect evaluation.
knowledge of Oil & Gas production in order
Economics
Upstream Economics
to hold rapidly, and very effectively, the
INTRODUCTION TO RESERVOIR CHARACTERIZATION 5d
position of field engineer, design engineer, Reservoir architecture. Geological characterization. Reservoir heterogeneities.
or project engineer.
INTRODUCTION TO RESERVOIR ENGINEERING 5d
Upstream
Audience Reservoir engineering workflow. Petrophysics/rock properties. PVT. Well testing. Drive mechanisms.
Case study: field development plan.
Engineers (particularly recently graduated
engineers or engineers in conversion) DRILLING FUNDAMENTALS 5d
looking to acquire in-depth knowledge and Drilling operations. Architecture of the well & completion.
best practices of Oil & Gas production.
WELL PRODUCTIVITY & RESERVOIR - WELLBORE INTERFACE 5d
Learning Objectives Well productivity. Reservoir wellbore interface implementation.

Upon completion of this course the
ARTIFICIAL LIFT & WELL INTERVENTION FUNDAMENTALS 5d
participants will be able to: Artificial lift: gas lift, ESP. Types and means of intervention on producing wells. General procedure of a workover. Case study.
grasp fundamentals of reservoir
engineering and drilling,
WELL CONTROL 5d
explain well completion and servicing, Introduction to well control methods. Equipment. Wireline, coiled tubing, snubbing.
well performance and artificial lift, IWCF Certification: Well Intervention & Pressure Control.
understand fundamental concepts
underlying Oil & Gas processing, THERMODYNAMICS APPLIED TO WELL EFFLUENT PROCESSING 5d
understand in detail operating conditions Well effluent. Gas compression and expansion. Liquid-vapor equilibrium of pure components and mixtures. Mixture
and basic design of oil, water and gas separation.
treatment,
describe technology of static equipment OIL & WATER TREATMENT 5d
and rotating machinery used in Crude oil treatment: stabilization, dehydration, sweetening. Reject and injection water treatment.
production facilities,
explain offshore development techniques GAS PROCESSING & CONDITIONING 5d
and flow assurance issues, Gas processing: dehydration, sweetening, NGL recovery. Fundamentals of Liquefied Natural Gas (LNG) chain.
identify main risks related to Oil & Gas
production operations and review safety STATIC EQUIPMENT & SCHEMATIZATION 5d
engineering best practices, Piping & valves. Storage equipment. Thermal equipment. Flow assurance. Schematization.
contribute to the dynamics of field
development projects studies, ELECTRICITY & INSTRUMENTATION 5d
explain main contracts in E&P and Electrical power generation and distribution network. Instrumentation and process control. Safety instrumented systems.
assess project profitability.
METERING - MATERIAL BALANCE - ALLOCATION 5d
Data treatment. Transactional metering of liquids and gases. Multi-phase metering.
Ways & Means Liquid & gas material balances. Production reporting.
Highly interactive training with industry
specialist lecturers. ROTATING MACHINERY 5d
Multiple teamwork sessions and Centrifugal and positive displacement pumps. Centrifugal and reciprocating compressors. Turbo-expanders. Gas turbines.
industrial case studies.
Numerous process simulation exercises OFFSHORE FIELD DEVELOPMENT - FLOW ASSURANCE 5d
using PRO/II™ software. Offshore development architecture. Technology & deep offshore specificities. Pipelines. Flow assurance issues.
Gas, Electricity
Final 10-day group project on a real field

development case study, result of which SAFETY & ENVIRONMENT IN SURFACE PROCESSING FACILITIES 5d
are presented to a jury. Hazards and risks in production operations. Safety in production operations and during construction or maintenance works.
HSE management.
Prerequisites SAFETY ENGINEERING 5d
Engineering degree or equivalent HAZID application, HAZOP exercise, plant layout exercise. QRA and consequence analysis methodology. SIS and relief
professional experience within the systems design.
petroleum industry.
PETROLEUM ECONOMICS & PROJECT MANAGEMENT 5d
Fundamentals of contracts. Project profitability evaluation. Risk analysis of Exploration & Production projects. Project cost
Why an IFP Training estimation and cost control.
Certification?
FIELD DEVELOPMENT PROJECT - JURY 10 d

competencies.
An expertise confirmed in Petroleum
Engineering.
Ready-to-use skills. Reference: PROD/PETROLENG Only available as an In-House course. Contact: exp.rueil@ifptraining.com
This course is also available in French: PROD/INGPETROL. Please contact us for more information.

Upstream Economics
LNG Processing Engineer Certification

Purpose
THERMODYNAMICS APPLIED TO WELL EFFLUENT PROCESSING 5d
This course provides in-depth technical Well effluent. Ideal gas and real fluid behavior. Gas compression and expansion. Liquid-vapor equilibrium of pure components
knowledge of natural gas treatment and and mixtures. Mixture separation. HYSYS™ or PRO/II™ simulation: phase envelope of well effluents, sales gas, LNG.
liquefaction facilities design and operation Fundamentals of distillation. HYSYS™ or PRO/II™ simulation: propane cryogenic loop.
necessary to hold rapidly, and very
effectively, the position of Process Engineer, GAS PROCESSING & CONDITIONING 5d
Field Engineer or Technical Service Commercial specifications for natural gas. Need for gas field processing. Gas hydrates and moisture content of natural gas.
Engineer. Dehydration process: TEG units and molecular sieves. Sweetening: amines, membranes. NGL recovery and fractionation.
HYSYS™ or PRO/II™ simulation: associated gas and gas condensate sweetening, dehydration, NGL recovery and compression.
Audience
DYNAMIC SIMULATION OF GAS PROCESSING FACILITIES 5d
Engineers (particularly recently graduated During this week, case study and exercises are performed using a DCS replica in order to allow the participants to understand
engineers or engineers in conversion) process dynamics. Hydrates detection and inhibition in gathering network. Gas processing. Gas dehydration: impact of operating
interested in specialization in gas treatment conditions. Multistage gas compression and export: study of operating parameters.
and liquefied natural gas processing.
LIQUEFIED NATURAL GAS 5d
The LNG chain. Specific properties of LNG. Liquefaction processes. Regazification processes. LNG storage, loading/offloading
Learning Objectives and transport. Technology of LNG-specific equipment.
will be able to: LNG PROCESS SIMULATION 5d
explain the thermodynamics involved in During this week, case study and exercises are performed using HYSYS™ or PRO/II™ software in order to allow the participants
natural gas treatment and liquefaction, to design and optimize liquefaction processes: gas field treatment (separators, dehydration, compression); NGL fractionation
and stabilization; simulation of a cascade liquefaction process, of a C3MR liquefaction process, of a turbo-expander based
especially cryogenic loops,
liquefaction process; integration of the liquefaction processes with the NGL recovery/fractionation; comparison of the efficiency
explain natural gas processing & of the processes versus load and conditions.
liquefaction process,
analyze operating conditions and basic
PIPING SYSTEMS & PROCESS EQUIPMENT: TECHNOLOGY & SIZING 5d
design of gas treatment and liquefaction Piping and valves. Metallurgy. Corrosion. Cathodic protection. Pressure relief systems. PSV’s and flare network. Storage
plant, equipment. Thermal equipment and cryogenic equipment. Pressure vessels: technology and selection criteria, internals,
describe the technology of static elements of calculation.
equipment and rotating machinery used
in LNG plants, INSTRUMENTATION, PROCESS CONTROL & SCHEMATIZATION 5d
identify the main risks related to gas Field instrumentation: sensors, transmitters, control valves, ON/OFF valves. Controllers; control loop structures. Study of
treatment and liquefaction and efficiently controller parameters and control loop structures on dynamic simulator. Distributed Control System (DCS). Safety Instrumented
contribute to safety engineering studies. Systems (SIS): ESD, HIPS, Fire and Gas System. Process schematization: reading and drawing of Block Flow Diagrams (BFD),
Process Flow Diagrams (PFD) and Piping & Instrumentation Diagrams (P&ID).
Ways & Means PUMPS & COMPRESSORS 5d
Highly interactive training with industry- Fundamentals of hydraulic circuits and gas compression. Operating principles, technology, selection criteria, performances and
specialist lecturers. operating conditions of centrifugal and volumetric pumps and centrifugal and reciprocating compressors.
Multiple teamwork sessions and
industrial case studies. GAS TURBINES - ELECTRICAL GENERATION 5d
Practice on dynamic simulator. Upon customer request, this module can be tuned to team generation and team turbines operations. Gas turbines: equipment
Numerous process simulation exercises technology, operating conditions, performances, operation. Turbo-expander: technology, operation. Electrical power generation.
using HYSYS™ or PRO/II™ software. Electrical power distribution network and equipment.
LNG - SPECIFIC SAFETY ENGINEERING 5d

Prerequisites LNG specific hazards: stratification/roll-over, sloshing, LNG clouds ignition, asphyxiation risks, cryogenic liquids jets, piping
behavior. LNG spillage control at design stage and in operation. LNG clouds control in operation. LNG fires control at design
Engineering degree or equivalent
stage and in operation. Main safety engineering studies: HAZID and HAZOP workflow and application; plant layout case study;
professional experience within the QRA - Consequence analysis methodology.
petroleum industry.
HSE IN OPERATIONS & MAINTENANCE WORKS 5d
Why an IFP Training LNG plant operations. Risk in normal process operations. Risk assessment tools. Job safety analysis. Safe isolation of plant
Certification? and equipment. HSE in maintenance & construction works. Permit to work system. Organizational framework. Human factors.
A n international recognition of your CASE STUDY BASED ON LNG PLANT P&IDS & JURY 5d
competencies. During this week, participants will work in team to analyze LNG plant P&ID’s and present the results of their analysis to a
A Graduate Certificate delivered. jury: this 5-day teamwork project is a real case study based on actual data. Participants are coached throughout the project
An expertise confirmed in LNG to produce the required deliverables, which are to be presented on the last day (jury): process operating parameters, process
Processing Engineer. control loops and of safety loops; operating philosophy; materials and equipment selection.
Reference: PROC/LNGENG Only available as an In-House course. Contact: exp.rueil@iptraining.com

This course is also available in French: PROC/INGGNL. Please contact us for more information.

Upstream Economics

HSE Management

Purpose
OVERVIEW OF HSE MANAGEMENT SYSTEMS 0.25 d
This course provides the knowledge
Historical approach. Initial development and current standards.
required to implement and follow-up a
Economics
Upstream Economics
Introduction to integrated management system. Certification.
HSE management system, in order to
Industry approach. Operating management system.
ensure a higher level of safety and more
environmentally-friendly business activities.
FUNDAMENTALS OF MANAGEMENT SYSTEM 0.5 d
Leadership. HSE leadership characteristics. Roles of safety leaders. Communication and motivation.
Upstream
Audience Introduction to risk management. Risk assessment process.
Engineers expected to assume a HSE Continuous improvement. PDCA cycle.
engineer position, business managers
seeking to acquire comprehensive HSE MANAGEMENT COMMITMENT & LEADERSHIP 0.5 d
management knowledge. Commitment and accountability.
Establishment of a HSE culture throughout the organization. Importance of communication.
Management commitment. HSE policy.
Learning Objectives Strategies for establishment of HSE objectives.

Upon completion of the course, participants Main key performance indicators in the industry.
will be able to: Establishment of compliance with legal requirements and industry standards.
suggest a relevant HSE organization in Personnel management. HSE competence assurance. Training matrix.
order to fulfil local needs,
identify and explain the different RISK MANAGEMENT 1d
elements of a general HSE management Establishment of risk assessment and control - Concepts, strategies and objectives.
system based on a risk management Risk management tools, hazard identification and risk register. Risk map of activities.
approach, Establishment of a corporate risk matrix.
follow adequately local HSE rules and Environmental and social impact assessment process.
regulations, and contribute to their Human factors and human error.
improvement, Management of change procedure.
contribute to building an HSE culture Downgraded situations and simultaneous operations.
within their organization, which will allow Safety design and asset integrity assurance - Main concepts.
avoiding incidents and accidents, Identification and management of safety critical elements.
prepare HSE audits and be familiar with
continuous improvement processes, STAKEHOLDERS MANAGEMENT 0.5 d
participate efficiently to a crisis Main concepts - Stakeholders map.
organization. Social engagement planning.
Contractor management - Interface between contractors and partners management systems.
Ways & Means
HSE PLANNING & CRISIS MANAGEMENT 0.75 d
Several applications and illustrations. Fundamentals of HSE management in projects.
Several case studies and teamwork Structure and elements of HSE plans.
sessions. Environmental management plans.
Structure for emergency response planning. Establishment of tiers and development from risk assessment information.
Prerequisites Crisis management organization and management of information and resources during emergencies.
ELEMENTS FOR EXECUTION & CONTROL 0.75 d
Tools for risk assessment of execution activities:
Permit to work system. & Renewable Energies
Job safety analysis.
Observation and HSE awareness programs.
Gas, Electricity
Pre-start up review.
Health and ergonomics management.
Logistics HSE management.
AUDITS & CONTINUOUS IMPROVEMENT 0.75 d

Elements for monitoring and reporting.
Undesired events reporting and investigation procedure.
Environmental and social monitoring.
Public reporting, sustainability reporting.
Audit planning.
Management of improving actions.
Management system review.
Reference: HSE/HSEMGT Can be organized as an In-House course. Contact: exp.pau@ifptraining.com

Pau 5 November 9 November €3,570
This course is also available in French: HSE/MGTHSE. Please contact us for more information.

Upstream Economics
Overview of Petroleum Economics .............................................................................................................................................................................................. p. 52
Shipping
Oil Markets & Trading p. 53
& Shipping
............................................................................................................................................................................................................................
Price Risk Management in Energy Markets ........................................................................................................................................................................... p. 54
Shipping: General Features, Chartering Contracts & Operations .......................................................................................................................... p. 55
OilMarkets,
Oil Trading &
Markets, Trading
Gas, Electricity
Overview of Petroleum Economics

Purpose
INTERNATIONAL ENERGY SCENE 1d
This course aims to provide an overview of
the petroleum sector so that participants Energy resources: definition, characteristics, conversion factor.
may understand the oil operations and Energy demand and supply: evolution factors (reserves, technology, etc.) and scenarios.
business, from upstream to downstream, History of the oil industry.
and identify economic challenges. Determinants impacting crude oil prices today.
Strategies of actors: producer and consumer countries, national, independent and international oil companies,
Audience international organizations (OPEC, IEA, etc.).
Financial and political stakes, geographical and environment constraints.
This course is geared towards people from
the energy and petroleum sectors, industrial
partners, business men and financiers, as
UPSTREAM 1d
well as public administration staff. Stages and technico-economic aspects of the Exploration-Production.
Reserve evaluation.
Economic criteria and evaluation method of an oil project.
Learning Objectives
Oil contracts and principle of the oil rent sharing.
will be able to: MIDSTREAM 1d
describe the different types of energy Business practices and pricing.
resources (conventional, unconventional,
Physical markets (spot, forward): operation, reporting agencies.
renewable & fossil),
interpret the evolution of the factors Introduction to incoterms.
affecting the energy supply and demand Pricing a cargo, freight rates.
(crude prices, technology, reserves, Financial markets (futures): operation, hedging.
geopolitics, geography, environment,
etc.), DOWNSTREAM 1d
identify the actors of the energy scene Refining processes and units.
and their strategic guidelines, Refining capacities, projects, strategies of actors.
describe the main steps of the upstream Economic aspects of the refining sector: investments, costs and margins.
sector,
Environmental constraints, alternative fuels.
distinguish the different types of oil
contracts and explain the main economic Petroleum product markets and marketing.
criteria to evaluate a project,
summarize the operation of the physical
and financial oil markets,
explain the evolution of the refining
sector and of the petroleum product
markets.
Ways & Means

Quiz and serious game on the
fundamentals of the energy sector,
Case study on the economic evaluation
of an E&P project,
Exercises on cargo transportation costs,
hedging, and refining margins,
Team games on factors affecting crude
prices, the upstream sector, and oil
trading.
Prerequisites
Reference: TRT/OPE Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: TRT/EPE. Please contact us for more information.


Oil Markets & Trading

Purpose
OIL SUPPLY & DEMAND FUNDAMENTALS 0.25 d
This training provides a better
understanding of the structure of the Energy resources.
Upstream Economics
markets, the uses and the impacts of Energy demand and supply.
physical and financial markets for crude oil Oil producing countries, OPEC, consuming countries, international oil companies: constraints and strategies.
and petroleum products.
SHIPPING 0.25 d
Audience General features.
The Market and its players-Fixing of the freight rate (Worldscale).
All personnel in the petroleum or associated
Chartering contracts.
industries needing to improve their
knowledge and understanding of crude oil
Risk control and environmental protection.
and petroleum products trading and pricing
mechanisms. CRUDE & PETROLEUM PRODUCTS PHYSICAL TRADING 1d
What is the value of a crude oil? The refiner's point of view.
Different types of contracts: long term, spot and forward.
Shipping
Learning Objectives
& Shipping
Main oil markets and their features.
Upon completion of the course, participants Key benchmark crudes.
will be able to: The role of the PRAs (price reporting agencies).
Trading &
analyze the parameters which influence
Links between Trading and Shipping.
Markets, Trading
prices of crude oil and petroleum
products, Products trading.
review the different oil trading markets Main provisions of a sale/purchase contract.
OilMarkets,
by type of transaction,
understand the importance of maritime EXCHANGES & FUTURES TRADING 1d
transport costs in oil supply economics, The concept of volatility
comprehend hedging techniques Definition of a contract: the cases of WTI and Brent.
Oil
available for protection against Exchanges and their organization: the cases of NYMEX and ICE.
fluctuations in prices. Main Futures Markets.
Hedging principles.
Ways & Means Hedging imperfections, basis risk.
Syndicate works on case studies. Market structure (contango, backwardation).
Case studies. Case studies.
Prerequisites DERIVATIVES 0.25 d

Options: principles, basics and characteristics.
Bachelor’s degree +3 and/or a minimum Interests and limits of options.
3 years of working experience in
Swaps: principles, basics and characteristics.
Downstream.
Interests and limits of swaps.
HEDGING STRATEGIES - VARIOUS CASE STUDIES ON HEDGING 0.25 d

For a refiner.
For a crude oil producer.
For a marketer.
For an industrial consumer.
Gas, Electricity
Reference: TRT/OMT Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: TRT/MTP. Please contact us for more information.

Price Risk Management in Energy Markets

Purpose
OIL & GAS MARKETS 0.25 d
understanding of the principles and Physical Oil & Gas markets.
techniques for Oil & Gas price risk Markets structures and types of transactions.
management. Price references and pricing mechanisms.
Audience PRICE EXPOSURE & RISK MANAGEMENT 0.75 d

Price risk: what is at risk?
Professionals in the Oil & Gas industries How to monitor it?
impacted by the volatility of oil or gas
How to mitigate the risk: definition of hedging.
prices: producers, marketers, refiners.
Purchasing, planning and finance
How to account for the risk: Mark to Market and Value-At-Risk.
departments of energy consumers.
Professionals from the bank sector who EXCHANGE TRADED PRODUCTS: FUTURES 0.75 d
need to understand the specificities of Oil & Exchanges and their organization: NYMEX, ICE.
Gas price risk management. Main Futures contracts.
Electronic trading.
Learning Objectives Hedging using Futures.
Basis risk and hedging imperfections.
Taking advantage of the market structure (contango, backwardation).
will be able to:
review the ways of evaluating price risk,
analyze and manipulate the exchange OTHER DERIVATIVE INSTRUMENTS: FORWARDS, SWAPS & OPTIONS 0.75 d
traded products used for hedging, Forward contracts.
understand the different over the counter Swaps.
products used in hedging strategies for Clearing OTC Transactions.
different Oil & Gas activities. Options: pricing and sensitivities.
Options strategies: caps, floors, collars.
Ways & Means
HEDGING STRATEGIES 0.5 d
Selected teaching methods: case studies.
Hedging exercises. Various examples.
Case study.
Prerequisites
Bachelor’s degree +3 and/or a minimum
3 years of working experience in oil Supply
chain or oil Markets.
Reference: TRT/PRM Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com



Shipping: General Features,
Chartering Contracts & Operations

Purpose
VESSEL SPECIFICATIONS 0.5 d
This training provides participants a
Maritime vocabulary: position, distance, speed…
thorough knowledge of the technical, Ship measurements: tonnage, displacement, dimensions…
Upstream Economics
operational and commercial conditions Anatomy of a ship: main features.
concerning the transport of hydrocarbons Nature of cargoes: dry, wet, specialties.
by sea as well as an introduction to the Ships offering: various types, age profile, specific focus on oil tankers and gas carriers.
legal and financial aspects of the shipping.
SHIPPING FINANCIAL & LEGAL ASPECTS - BASICS OF INTERNATIONAL
0.25 d
Audience MARITIME LAWS
Elements of financing and profitability: type of fund raise, appreciation on current financial situation.
Professionals in the oil industry, involved in Current state of the shipbuilding industry.
the supply, shipping, distribution activities The link between states and ship-owners: notions on the registration of ships, the world fleet by flag, by investing countries.
and who need to improve their knowledge General notions of maritime legislation: territorial waters, EEZ, traffic separation, arctic waters…
in operational and contractual aspects of Seaways: main maritime routes, Panama and Suez Canal, port network.
shipping. Piracy: legal, operational and financial consequences.
Shipping
& Shipping
Learning Objectives RISKS CONTROL & ENVIRONMENTAL PROTECTION 0.75 d
Impact on the environment: ITOPF statistics, Oil spills, GHG emissions…
Upon completion of the course, participants International regulations: IMO conventions, MARPOL, SOLAS, STCW, ILO, ISPS…
Trading &
will be able to: Green regulations: air pollution, EEDI, ECA zone, BWM, ship recycling.
Markets, Trading
assess nautical capacity and technical Impact on international shipping: SEEMP, engine technology, scrubbers, bunkering alternatives, financial impact.
criteria of a ship in particular for the Procedures for the transport of oil products: SIRE, TMSA, Vetting process.
transport of hydrocarbons,
OilMarkets,
understand the risks associated THE SHIPPING CHAIN & THE PORT COMMUNITY 0.25 d
with maritime activities (boating, The Seaport: main features.
environmental, policy…), as well as the The maritime transportation occupations: agents, forwarders, stevedore’s, customs…
regulations and related procedures, The handling of the ship in the port: port authority, pilot and tugs, peers main features…
Oil
integrate into their reflection operational Operating expenses of ships: fixed and variable costs, disbursement account…
and strategic constraints that apply to The maritime transportation “contract”: Hague Visby, Rotterdam Rules, B/L…
the ship-owner or the carrier,
negotiate in the best possible conditions SHIPPING EXPLOITATION & OPERATIONS 0.75 d
contract litigations deriving from oil The bunkering market: products, players, contracts, market organization, PLATTS, BUNKERWIRE.
products marine operations, Risk management: basis of hedging, futures, swaps, options.
understand the tanker chartering market The marine lubricants market: products, players, contractual aspect.
better. Quantity measurements: industry commonly agreed procedures ROB, OBQ, VEF, VAR, ISGOTT, specific focus on gas.
Cargo loading procedure: interface ship/shore, planning, sampling, pumping rates, topping off.
Ship To Ship (STS) operations: planning and notice, POAC role…
Ways & Means Claim handling: quantity, quality.
Illustration of actual cases.
THE FREIGHT MARKET - PRICING MECHANISMS 0.5 d
Organization and operating evolutions in ship management.
Prerequisites Freight market organization: players and segmentation.
Freight rates structure: WORLDSCALE, BALTIC.
Minimum of 3 years of working experience Risk management: FFA.
in oil business and/or seagoing shipments Market insights: appreciation of the market situation for various classes of oil tankers and gas carriers.
of oil products.
LPG & LNG SHIPPING MARKETS 0.25 d & Renewable Energies
Introduction.
LPG shipping market.
Gas, Electricity
LNG shipping market: contract conditions, current and evolutions…

LNG Liquefaction Regasification plants.
LNG market insights: appreciation of current situation.
CHARTERING AGREEMENT & CHARTER PARTY 0.75 d

Chartering agreement principles: different types, main terms, standard clauses, rider clauses.
Chartering agreement main definitions: Laycan, NOR, Laytime, example of calculation, Demurrage, Detention, Retention…
Main litigation causes.
Role and responsibilities: split between charterer and ship-owner depending on charter type.
Coming to a chartering agreement: various steps and procedures, role of the broker.
Charter party specific clauses: force majeure, war risk, slow steaming, virtual arrival…
Some litigation cases: practical examples.
Reference: TRT/CFS Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: TRT/CES. Please contact us for more information.

Upstream Economics
Downstream Economics & Management .......................................................................................................................................................................... p. 58
Refinery Operation Management & Linear Programming p. 59

......................................................................................................................................
Economic Framework of Refining ............................................................................................................................................................................................ p. 60
Economic Optimization of Refining Operations .............................................................................................................................................................. p. 61
Refining & Petrochemicals Synergies ................................................................................................................................................................................... p. 62
Profitability Analysis of Downstream Investment Projects ...................................................................................................................................... p. 63
Marketing & Sales of Lubricants ............................................................................................................................................................................................... p. 64
Supply Chain Management .......................................................................................................................................................................................................... p. 65
Downstream Module ......................................................................................................................................................................................................................... p. 66
Economics
Downstream
Gas, Electricity
Downstream Economics & Management

Purpose
TRADING 2d
This course provides participants a
complete view of the economic principles Oil supply and demand fundamentals.
of the downstream sector as well as the Petroleum physical trading.
methods necessary for the decision-making Financial trading (futures), markets place, derivatives.
processes. Hedging and strategies.
Audience REFINING & PETROCHEMICALS ECONOMICS 3d

Brief technical overview of the main refining and petrochemical processes.
Professionals from the refining, the
World refining and petrochemicals demand.
petrochemicals and the distribution sectors
in a management position where they
Evolution of the downstream supply: refining overcapacities, production nature and quantity.
need to deepen their understanding of all Main challenges for the refining sector: deep conversion, new product specifications, petrochemical integration,
the essential economic aspects as well environment, etc.
as the management tools used in the oil Refining margins and costs.
downstream sector. Case study: valuation of intermediate products of a FCC (Fluid Catalytic Cracking) unit.
Case study: refinery blending simulation.
Learning Objectives Main characteristics of the petrochemical business: economic drivers, cyclic behavior, etc.
Case study: steam cracker economics.
will be able to:
analyze the economic fundamentals OPTIMIZATION OF REFINING OPERATION - LINEAR PROGRAMMING 2.5 d
of the energy scene, with a particular Linear programming (LP) principles: linear equation, objective function, profit maximization or cost minimization,
attention to the importance of markets Simplex method, graphic interpretation, etc.
dynamics and its impact on the Analysis of the LP results: optimum properties, marginal costs, domain of validity of the results, etc.
economics of refining, petrochemicals Case study on Excel: introduction to the preparation of a refinery model matrix (material balances, products
and distribution, specifications, utilities consumption, objective function, etc.); team work on the optimization of a cracking refinery.
evaluate the economic values of various
intermediate or semi-finished products, REFINING OPERATIONS PLANNING - SCHEDULING 1.5 d
use linear programming models and
Principles of refining management: constraints, operations organization.
management tools in order to optimize
refining and petrochemical operations, Monthly program to daily operations.
evaluate project profitability, Optimization of margins from different process units.
take part in the development of a Case study: management of typical sequential constraints (delays, processing problems, etc.).
marketing strategy,
analyze the supply chain of an industry. INVESTMENT PROFITABILITY STUDIES 1d
Value creation and capital cost, cash flows, discounting principle and inflation impact.
Prerequisites Standard global profitability analysis: cash flow schedule, economic criteria.
Introduction to risk analysis.
Basic notions of Microsoft Excel.
Exercises on various investment profitability studies for refineries and petrochemical plants.
STRATEGIC MARKETING 2d
Marketing role in a firm and in the economy, marketing organization.
Measuring the firm's competitiveness.
Designing a development strategy.
SUPPLY CHAIN MANAGEMENT 3d

Supply chain principles: definitions, review of activities, interactions with consumers.
Storage management: "pull" and "push" modes, basic tools for stock management, technical and economic
aspects.
Supply chain design and methodological approaches: analysis of the industry (organization, process, location).
Benchmarking context.
Reference: EAV/DEM Only available as an In-House course. Contact: eco.rueil@ifptraining.com


Refinery Operation Management & Linear Programming

Purpose
OIL MARKETS & TRADING 0.25 d
This course provides an in-depth
understanding of the techniques used for Oil supply and demand fundamentals and evolution.
Upstream Economics
decision-making operations concerning Petroleum physical trading (spot, forward).
supply and refining. Crude oil and petroleum product pricing: benchmark, quality differential, etc.
Financial trading (futures) and hedging strategies for a refiner.
Audience
REFINING CONTEXT 0.5 d
Managerial staff, supply planners, oil World petroleum product demand.
economists and personnel in charge of
Refining supply: overcapacity, types and quantity.
supply, planning, programs and product
blending.
Main challenges: deep conversion, new product specifications, petrochemical integration, environment, etc.
Projects and perspectives.
Learning Objectives REFINING MARGINS & COSTS 0.75 d
Upon completion of the course, participants Refinery margins and costs: definitions and evolution worldwide.

will be able to: Unit margins and intermediate product valuation.
optimize refinery operations, crude oil Case studies: crude oil arbitrage, Fluid Catalytic Cracking (FCC) unit margin.
selection and crude oil selection,
analyze the results of a linear OPTIMIZATION OF REFINING OPERATIONS - LINEAR PROGRAMMING 2.5 d
programming model optimization,
Linear programming (LP) principles: linear equation, objective function, profit maximization or cost minimization,
help optimizing a planning, from
preparation of optimal monthly programs Simplex method, graphic interpretation, etc.
up to daily operation scheduling. Analysis of the LP results: optimum properties, marginal costs, domain of validity of the results, etc.
Case study on Excel: parametrization and preparation of a refinery model matrix (material balances, product
Ways & Means specifications, utilities consumption, objective function, etc.); team work on the optimization of a cracking
refinery and on the result analysis.
Case studies and exercises derived from
present refinery situations. OPTIMIZATION OF REFINERY OPERATIONS - SCHEDULING 1d
Economic optimization using Excel
Principles of refining management: constraints, operations organization.
software and the solver.
Quiz. Monthly program to daily operations.
Economics
Optimization of margins from different process units.
Case study: management of typical sequential constraints (delays, processing problems, etc.).
Prerequisites
Knowledge of refining unit operations.
Downstream
Gas, Electricity
Reference: EAV/ROM Only available as an In-House course. Contact: eco.rueil@ifptraining.com

Economic Framework of Refining

Purpose
TECHNICAL OVERVIEW 0.25 d
This course provides a complete view of all
the fundamental aspects and challenges Brief technical presentation of the main refining units: distillation, conversion, blending, etc.
of the economic framework in which the Refinery scheme evolution.
refining industry is evolving.
OIL MARKETS & TRADING 0.25 d
Audience Oil supply and demand fundamentals and evolution.
Petroleum physical trading (spot, forward).
Technical, operating and engineering Crude oil and petroleum product pricing: benchmark, quality differential, etc.
personnel working in the refining industry,
Financial trading (futures) and hedging strategies for a refiner.
trading and commercial specialists,
independent consultants, process licensors,
catalyst manufacturers and refining REFINING CONTEXT 0.5 d
subcontractors. World petroleum product demand.
Refining supply: overcapacity, types and quantity.
Main challenges: deep conversion, new product specifications, petrochemical integration, environment, etc.
Learning Objectives
Projects and perspectives.
will be able to: REFINING MARGINS & COSTS 1d
calculate product marginal value, Refinery margins and costs: definitions and evolution worldwide.
refinery margins and process unit
Unit margins and intermediate product valuation.
margins,
identify cost savings in order to improve Case studies: crude oil arbitrage, Fluid Catalytic Cracking (FCC) unit margin.
margins,
simulate refinery operations and product REFINERY BLENDING SIMULATION 0.5 d
blending, Case study: managing the blending operation of a refinery taking into account the economic and technical
simulate and optimize refinery (product specifications, capacities, etc.) constraints.
operations, crude oil selection and
product manufacturing, OPTIMIZATION OF REFINING OPERATIONS - LINEAR PROGRAMMING 1d
analyze the result of a linear Linear programming (LP) principles: linear equation, objective function, profit maximization or cost minimization,
programming model optimization,
Simplex method, graphic interpretation, etc.
evaluate project profitability.
Analysis of the LP results: optimum properties, marginal costs, domain of validity of the results, etc.
Case study on Excel: explanation of a refinery model matrix (material balances, product specifications, utilities
Ways & Means consumption, objective function, etc.); team work on the optimization of a cracking refinery and on the result
Case studies and exercises derived from analysis.
present refinery situations.
Economic optimization using Excel. OPTIMIZATION OF REFINERY OPERATIONS - SCHEDULING 0.5 d
Quiz. Principles of refining management: constraints, operational organization.
Monthly program to daily operations.
Prerequisites Optimization of margins from different process units.
Basic notions of Microsoft Excel. Case study: management of typical sequential constraints (delays, processing problems, etc.).
INVESTMENT PROFITABILITY STUDIES 1d

Value creation and capital cost, cash flows, discounting principle and inflation impact.
Standard global profitability analysis: cash flow schedule, economic criteria (net present value, internal rate of
return, etc.).
Introduction to risk analysis.
Exercises on various investment profitability studies for refineries and petrochemical plants.
Reference: EAV/EFR Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 28 May 1 June €3,180
This course is also available in French: EAV/CER. Please contact us for more information.


Economic Optimization of Refining Operations

Purpose
TECHNICAL OVERVIEW 0.25 d
This course allows the participants to
acquire the main economic challenges Petroleum demand.
Upstream Economics
of running a refinery and a better Crude oils - Qualities and characteristics.
understanding of the oil markets (crude Petroleum products - Characteristics and specifications.
oil and petroleum products) in order to Refining schemes and processes.
optimize refining operations.
PRICE CONSTITUTION OF CRUDE OILS & PETROLEUM PRODUCTS 1d
Audience The different types of crude oils and their interactions.
Notions of incoterms (FOB, CIF…).
Engineers, independent consultants,
subcontractors or managers from refining
Price determination from reporting agencies (e.g.: Platt’s and Argus).
who need a better understanding of
operation optimization. REFINING MARGINS & COSTS 1d
Definitions.
Different types of margins and indicators.
Learning Objectives

Principle of estimation of the real margin in a refinery from the reference indicator.
Upon completion of the course, participants Refining variable and fixed costs.
will be able to: Definitions and principle of a refinery break-even point.
understand the economic issues and the
main parameters influencing refining
REFINING MANAGEMENT ITEMS 1d
profitability,
develop a working knowledge of Economic impact of unit yields.
management tools and models used in Product valorization challenges.
the industry, Notion of constraint cost.
get a grasp of the input/output balances The use value of intermediate, semi-finished and finished products.
of the refining industry, Examples.
calculate product value (intermediate,
semi-finished or finished products), VALUE & SIMULATION OF INTERMEDIATE & SEMI-FINISHED PRODUCTS 0.75 d
refinery margins and process unit
Value of a product depending on its use and the economic context.
margins; how cost and margins
Notion of marginal cost, netback value.
Economics
compare; how to simulate refinery
operations and product blending, Capital gain or loss of separation, product blending or transformation operations; examples.
understand and analyze the refining Case study of the premium “straight-run” for atmospheric residues.
margin from an operational point of view,
considering the contribution of each unit HOW TO IMPROVE THE REFINING MARGIN DAILY? 0.5 d
Downstream
operation, Blending optimization.
understand the notion of break-even Energy integration, maintenance management.
point (as an evaluation tool for assessing Monitoring and control of consumption (energy, chemicals, catalysts) and losses.
the resilience of a refinery to economic
Inventory management, working inventory.
changes),
comprehend ways to optimize refinery
Organization, reactivity, employees training.
operations, crude oil selection and Implementation analysis and performance monitoring tools (KPI: Key Performance Indicators)…
product manufacturing, in order to
improve profitability, OPTIMIZATION OF THE FEEDSTOCKS - KEY CRITERIA 0.5 d
gain a working knowledge in decision- Crude oil case study: tools and models used, basic knowledge of linear programming.
making regarding future investments, Case study.
better understand and use the various

Gas, Electricity
elements that contribute to refining

margin improvement, such that: blending
optimization, energy optimization,
maintenance management, inventory
management, analysis, performance
monitoring…
Ways & Means

Case studies.
Example cost of give-away.
Calculation of a working inventory.
Prerequisites
Reference: EAV/REO Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com
This course is also available in French: EAV/OER. Please contact us for more information.

Refining & Petrochemicals Synergies

Purpose
TECHNICAL REVIEW OF REFINING & PETROCHEMISTRY 0.5 d
This course provides a complete review
of the main refining and petrochemical Main petroleum and petrochemical products: key product specifications review.
specificities, as well as the identification Refining and petrochemical schemes.
of the possible synergies. It highlights the HSE specifications: refining (H2S, etc.), petrochemicals (product instability, etc.).
economic gains achievable from refining-
petrochemicals integration. SYNERGIES BETWEEN REFINING & PETROCHEMISTRY 1d
Utility exchanges: H2, gas, fuel.
Audience Supply: ethane, LPG, naphtha, atmospheric gasoil, vacuum distillate.
Product exchanges: pyrolysis gasoline, olefins.
Staff from refining and petrochemistry
involved in production, planning,
Common treatment of the C4 cuts: BTX (Benzene-Toluene-Xylene) extraction.
procurement, marketing, management Pooling services.
control and investment.
REFINING & PETROCHEMICALS ECONOMICS 0.5 d
Refining and petrochemical margins and costs.
Learning Objectives
Location and unit severities effects.
Upon completion of the course, the Gains due to synergies.
participants will be able to: Case study: economics of a refinery, of a steam cracker and of the integration of both (with some synergies).
describe the main specificities of the
refining and petrochemical sectors,
identify the possible synergies between
refining and petrochemistry,
explain the economic challenges and
the main factors of these sectors’
profitability,
analyze the effects of these synergies.
Ways & Means

Quiz, examples.
Case studies and exercises in team
work.
Prerequisites
asic knowledge of refining and
B
petrochemical unit operations.
Reference: EAV/SRP Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: EAV/IRP. Please contact us for more information.


Profitability Analysis of Downstream Investment Projects

Purpose
ECONOMIC CRITERIA 0.75 d
This course provides an in-depth
understanding of the concepts behind the Value creation, capital cost and discount rate of a company.
Upstream Economics
theory of capital budgeting, leading to an Equity and debt, Corporate finance and return on capital, ROCE and ROE.
improvement of the analysis in investment Cash flows and discounting principle.
profitability studies. Net Present Value (NPV), Internal Rate of Return (IRR), Pay-Out Time (POT), financial exposure, profitability index.
Audience GLOBAL PROFITABILITY ANALYSIS 0.75 d

Analysis of operating cash flows and economic criteria.
Managers and staff concerned with
Return on capital employed.
decision affecting medium and long
term cash flows (such as investment,
Profit and Loss accounts and associated project income taxes.
disinvestment and acquisitions); people Impact of taxation and inflation in profitability investment studies.
who need to improve their understanding Choice of an investment program with a limited budget, scarcity cost of capital.
of the theory and the practice of investment
analysis. RISK ANALYSIS 0.5 d

Risk analysis methodology.
Learning Objectives Sensitivity analysis in investment decision, Spider and Tornado charts.
Limits of sensitivity analysis.
On completion of the course, the
participants will be able to:
CASE STUDIES ON INVESTMENT PROFITABILITY 1d
use tools related to an investment
profitability analysis, Octane improvement: implementation of isomerization and/or alkylation process units.
incorporate terms of financing plans in Hydrocracker project.
equity profitability analysis, Refinery project.
build complex computer models for cash Steam cracker project.
flow analysis,
carry out risk analysis of investment
projects.
Ways & Means
Economics
Case studies and exercises derived from
actual refinery situations.
Prerequisites
Downstream

Gas, Electricity
Reference: EAV/PDP Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: EAV/PPA. Please contact us for more information.

Marketing & Sales of Lubricants

Purpose
LUBRICANTS MARKET 0.5 d
This course provides key knowledge to
identify the specificities of lubricants Overview of the lubricants market.
market and to improve performances Evolution of demand and general characteristics.
during production processes and sales Oil industry and the lubricants.
development. Added value chain.
Business models.
Audience
LUBRICANTS PERFORMANCE 0.5 d
Managers in a new position in lubricants
Performance standard.
business. Commercial staff moving into
the lubricants area or with responsibilities,
Environmental issues.
e.g. in refining, research, planning…, Automotive lubricants.
related to lubricants. Staff who already Transmission oils.
have lubricants experience but who require Industrial lubricants.
to extend their general, marketing and Metal working fluids.
strategic knowledge. Greases.
Learning Objectives BASE OILS 0.5 d

Group classification and technical aspects.
will be able to: Worldwide capacity breakdown by quality: mineral, synthetic.
understand the commercial and Worldwide capacity breakdown by operator.
marketing environment, covering Base oils re-refining.
base oils, additives, blending plants, Capacity and demand trend outlook: 5 years' time horizon.
automotive and industrial sectors, and Financial structure: profitability, pricing, contract terms.
consumer requirements,
know the marketing and strategic ADDITIVES 0.25 d
options available. Role and functions of the additives.
Respective role and responsibilities in technology developments and ownership: OEMs, additives vendors,
Ways & Means lubricants marketers.
Industrial experience of the lecturer. Market structure and players.
Interactive lecture. Future trends outlook.
Real case studies.
OPERATIONS 0.25 d
Prerequisites Lubricants manufacturing and distributions: main steps, strategic options.
Manufacturing optimization: procurement, blending, filling.
Typical cost structure.
Managing performance.
LUBRICANTS MARKETING 1.5 d

General consumer marketing.
General lubricants market segmentation: factors of impact.
Implementing appropriate marketing tools.
Developing a strategic marketing plan.
Added value opportunities: total fluid management.
Practical case exercise.
MARINE LUBRICANTS 0.5 d

Marine lubricants market specific requirements.
Operational constraints and consequences on products technologies and logistics.
Market organization and players.
Financial structure and contractual terms.
Reference: EAV/MSL Only available as an In-House course. Contact: eco.rueil@ifptraining.com


Supply Chain Management

Purpose
INTRODUCTION & PRINCIPLES 0.5 d
This training provides a deeper knowledge
of all technical, economic, administrative Definition: what is logistics? What is a supply chain?
Upstream Economics
and environmental constraints of the Principles of the distribution of petroleum products.
petroleum logistics from the refinery to the Review of activities, supply chain link production to consumers.
gas station to optimize it more effectively. Definition of actual tools.
Implementation of supply chain schema.
Audience
STORAGE MANAGEMENT 0.5 d
All personnel in the petroleum industries,
Factors of entry points (refiners and import terminals).
distributors, large consumers concerned
with supply logistics issues, transportation
Factor of exit points (to consumers).
and storage. “Pull” and “push” modes.
Basic tool for stock management.
Learning Objectives TECHNICAL ASPECTS OF STORAGE 1d

Upon completion of the course, participants Review of the different storages (above ground and underground).
will be able to: Operation equipment and control.
set up a logistics plan and establish Stocks measurements.
different modes of supply,
Losses (tank breathing, product movement, loss control).
establish the characteristics between
the various tools of storage and Flow measurements. Safety equipment.
transportation,
analyze the economic aspects of a ECONOMICS OF STORAGE & TRANSPORT OPERATIONS 1d
supply chain. Cost notion. Storage size. Investments. Maintenance.
Cost breakdown for mixed products and petroleum products.
Ways & Means Maintenance policy and costs. Distribution cost pricing policy.
Case studies. SECURITY STORAGES 0.25 d
Why security storages?
Prerequisites IEA mission. Example in different countries in the world.
Economics
Minimum 3 years of working experience in
Review of technical problems due to long term storage.
Oil Supply chain.
SHIPPING 0.5 d
General features.
Downstream
The Market and its players-Fixing of the freight rate (Worldscale).
Chartering contracts (Voyage charter, COA, Time charter…).
Risk control and environmental protection.
SUPPLY CHAIN DESIGN & METHODOLOGICAL APPROACH 0.5 d

Analysis of the Industry. Organization analysis. Process analysis. Location analysis.
Operational optimization. Status and alternatives’ analysis.
Key Performance Indicators.
Benchmarking context. & Renewable Energies
CASE STUDY 0.75 d

Gas, Electricity
Case study based on an actual situation and containing applications of most of the main principles explained.
CASE STUDIES (treated all along the course)

Reference: EAV/SCH Only available as an In-House course. Contact: eco.rueil@ifptraining.com

Downstream Module

Purpose
REFINING 6d
This course provides a better understanding
of the downstream petroleum sector Crude oils and finished products.
in its technical, economic, commercial Refining processes.
and environmental dimensions (main Deep upgrading.
refining units, key economic data and Environmental constraints.
characteristics, management tools…). Consequences of the reduction of heavy fuel oil outlets.
Short-term refinery management.
Audience Unit margins.
Recently hired professionals, preferably
with an engineering background, about to
DECISION SCIENCES 4d
take up a position in downstream petroleum Linear programming: simplex, duality, economic interpretation, etc.
activities. Refining supply and demand.
Staff from other petroleum sectors Refinery investments, costs and margins.
(upstream, chemicals, etc.) taking up a Dynamic programming, non-linear programming, MCP problems in their applications in Energy industries (Gas
downstream managerial position or from and Electricity).
government agencies with responsibilities
for petroleum matters will also benefit from DOWNSTREAM MANAGEMENT & SUSTAINABLE DEVELOPMENT
this course. 22 d
(refining, gas & power)
Mid and downstream business: oil refining, petrochemicals and products.
Prerequisites Utility management: coal, gas and power.
No prerequisites for this course. Renewables and Environmental Management.
COMMODITIES MARKETS & TRADING 5d

More info Introduction to commodities markets (energy, soft, tropical & non-ferrous).
This module is a part of a 16-month master Physical oil markets.
degree program, Petroleum Economics and OTC products.
Management, run by IFP School. Future markets. Options.
Risk management and hedging.
STRATEGIC MARKETING & MANAGEMENT 8d

Role of marketing in the firm and in the economy.
Marketing organization.
Measuring the firm's competitiveness.
Designing a development strategy.
ADVANCED ECONOMETRICS 5d
Applied probability and statistics.
Applications of statistical and probabilistic concepts.
INDEPENDENT STUDY 10 d
Personal research work.
Reference: EAV/DOM Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 16 April 13 July €12,550

Gas, Electricity
Upstream Economics
Overview of Natural Gas Economics ..................................................................................................................................................................................... p. 68
Liquefied Natural Gas Economics p. 69

...........................................................................................................................................................................................
Gas Markets & Trading .................................................................................................................................................................................................................... p. 70
Contractual Framework of Gas Sale-Purchase & Transportation ..................................................................................................................... p. 71
Legal Issues Relating to FSRU Projects ............................................................................................................................................................................... p. 72
Negotiating LNG Master Sale & Purchase Agreement ............................................................................................................................................ p. 73
Natural Gas & Electricity Trading .............................................................................................................................................................................................. p. 74
Gas & LNG Economics Certification ...................................................................................................................................................................................... p. 75
Unconventional gas ............................................................................................................................................................................................................................ p. 76
Unconventional Gas Economics ............................................................................................................................................................................................... p. 77
Econometrics & Forecasting ....................................................................................................................................................................................................... p. 78
Towards Energy Transition ............................................................................................................................................................................................................ p. 79
Assess Energy Efficiency & CO2 Reduction ...................................................................................................................................................................... p. 80

Gas, Electricity
Overview of Natural Gas Economics

Purpose
GLOBAL GAS SCENE 0.75 d
This training provides an overview of the
economic and contractual aspects of the Importance of natural gas in the world energy balance.
natural gas value chain, all the way from Outlets for natural gas.
production and transport to marketing. Reserves, production, development zones.
International gas markets.
Audience Impact of unconventional gas on the world demand/supply and on gas prices.
This training is designed for professionals STRUCTURE & COSTS OF THE NATURAL GAS CHAIN 0.75 d
with experience in the oil industry who now
Description of the gas chain and associated costs.
need to broaden their understanding and
knowledge of the natural gas business.
Gas treatment and transportation.
Professionals from other sectors, such as Storage costs and distribution costs.
banking or government, that require an Liquefied Natural Gas (LNG), FLNG, FSRU, small scale LNG.
understanding of the natural gas business
to better assist their clients are also LONG-TERM NATURAL GAS & LNG CONTRACTS 1d
welcome to attend. Contractual framework of Exploration-Production.
Structure and principles of a long-term contract.
Learning Objectives Principles of take-or-pay, netback, indexation and gas price formulas.
Tolling agreements.
will be able to:
evaluate the importance of natural gas SPOT, FORWARD & FINANCIAL MARKETS 0.5 d
in the world energy balance, and the Spot and forward natural gas markets.
strategies of the main industry actors, Why and how to access those markets?
identify the outlets of natural gas and the Prices in the different markets.
new trends in gas industry, Financial contracts, hedging strategies and examples.
identify the main technical, economic
and contractual features of the natural GAS MARKETING IN A LIBERALIZED MARKET 1d
gas value chain, from the production well
Drivers and concepts of liberalization.
to the final consumer,
explain the framework of liberalization
Principles of the EU gas directive, progress in various countries, take-or-pay issues.
of natural gas markets and its impact on Role of the regulator, network development, transport, tariffs, etc.
gas contracts and prices. Contractual aspects between suppliers, transporters and distributors.
Ways & Means

Quizzes.
Exercises on the costs of gas
infrastructures.
Examples of contracts & calculations on
quantities.
Videos.
Prerequisites
Reference: GER/ONE Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 26 June 29 June €2,730
This course is also available in French: GER/EGN. Please contact us for more information.


Liquefied Natural Gas Economics

Purpose
GLOBAL GAS SCENE & LNG MARKETS 1d
economic and contractual aspects of the Natural Gas uses, reserves, supply and demand.
Upstream Economics
LNG (Liquefied Natural Gas) value chain. New outlets for LNG (retail LNG).
International gas trades and importance of the LNG.
Audience Evolution of the LNG trading and pricing.
Main LNG markets: America, Europe and Asia (Mature markets: Japan and South Korea & emerging markets:
This training is beneficial to professionals China, India…).
from the oil, gas or power industries or
Risks for the different LNG actors: liquefaction, shipping, portfolio players, buyers…
from the banking, insurance, and consulting
sectors who need to understand LNG
Unconventional gas and its impact on LNG markets.
activities and their economic stakes.
TECHNICAL ASPECTS OF THE LNG CHAIN 1.5 d
LNG: properties and specifications.
Learning Objectives Design of the different parts of the LNG chain.
Upon completion of the course, participants Liquefaction plants, LNG tankers, regasification terminals.

will be able to: Main projects of LNG terminals in the world and their exploitation.
evaluate the economics of each part of Capital expenditures and operating costs.
the LNG value chain,
Economic evaluation of a LNG project.
analyze the basic structure of LNG
contracts, New trends in the LNG industry: FLNG, FSRU, small scale LNG.
identify the main LNG markets and their
evolution, LNG CONTRACTS 1.5 d
evaluate the profitability of investments Main features and important articles in LNG contracts.
in the LNG industry. LNG pricing: price formulae, indexation and net-back value.
Tolling agreements.
Ways & Means Impact of gas markets liberalization and third-party access to regasification terminals.
Coexistence between long-term contracts and short-term contracts.
Quizzes.
Videos.
Examples of contracts.
Exercises on LNG contracts.
Prerequisites

Gas, Electricity
Reference: GER/LGE Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: GER/EGL. Please contact us for more information.

Gas Markets & Trading

Purpose
GAS SUPPLY & DEMAND 0.25 d
understanding of the structure, the methods Evolution of gas demand. Projections.
of operation, the uses and the impacts of Gas reserves and production.
gas physical, financial and paper trading. Gas producing countries. International supply projects.
Regional gas demands.
Audience International trade. LNG trading.
All personnel in the gas or associated LONG TERM CONTRACTS 0.5 d
industries needing to improve their
Types of contracts.
knowledge and understanding of gas
trading and pricing mechanisms.
Features of long term contracts.
Contractual quantities, nominations and Take-or-Pay.
Gas pricing: indexation principle.
Learning Objectives Concepts of market value and cost plus.
will be able to: SPOT & FORWARD MARKETS 0.5 d
analyze the fundamentals of gas supply Spot markets.
and regional demands, Forward contracts.
review the different gas trading markets
North American Hubs.
and types of transactions,
understand the basic structure of long Spot markets in UK and continental Europe.
term contracts, Price References and the role of reporting agencies.
comprehend the hedging techniques
available for protection against FUTURES MARKETS 0.5 d
fluctuations in prices. Features of gas Future contracts.
Exchanges and their organization: NYMEX, ICE.
Ways & Means Hedging using Future contracts.
Basis risk and hedging imperfections.
Statistical data.
RISK MANAGEMENT 0.25 d
Swaps: principles, basics and characteristics.
Prerequisites Options (call, puts): principles, basics and characteristics.
Basic knowledge of natural gas and LNG OTC derivatives: caps, floors, collars.
chain.
Reference: GER/GMT Only available as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: GER/MGN. Please contact us for more information.


Contractual Framework of Gas Sale-Purchase
& Transportation

Purpose
LONG-TERM NATURAL GAS SALES CONTRACTS 2d
This training provides participants with the
fundamental features and structures of Primary issues about long-term gas agreements.
Upstream Economics
natural gas long-term sales contracts and Main natural gas agreements.
transportation agreements. Analysis of the main articles of long-term agreements:
Commercial:
Audience duration: depletion contract, supply contract, peak shaving, seller's nomination and interruption,
quantity: ACQ, DCQ, MDQ, swing factor, excess gas and take-or-pay,
Professionals, involved in natural gas
quality: technical specifications, acceptable limits and non-conformity penalties,
trading, who need to negotiate or
implement natural gas contracts.
price: indexation, market value and net-back value,
delivery point: place, measure, frequency, precision and flexibility,
Responsibility: force majeure, transfer of rights, expert, arbitration and applicable law.
Learning Objectives Operational:
Upon completion of the course, participants installation, counting system and analysis, obligation of information, confidentiality, invoicing and
will be able to: payment,

identify the main articles of long-term entitlement, risk and general disposals.
natural gas agreements,
Recent evolution of natural gas long-term contracts: short-term contracts and tolling agreements.
explain the keys points of the
commercial clauses,
evaluate the principles of natural gas NATURAL GAS TRANSPORTATION AGREEMENTS 1d
pricing and transportation. Main principles of natural gas transportation agreements.
Analysis of the main articles:
Ways & Means delivery point/redelivery, specifications,
quantity and capacity booking (delivery commitment, booked capacities profile and transportation
Examples of contracts. obligation),
Case studies on contracts. tariff structure (ship-or-pay, fix or variable pricing),
Simulation of negotiation.
quantities allocation and procedure, gas delivery procedures, quality settlement and removal schedule,
duration, force majeure, tie-in deposit and general dispositions.
Prerequisites Recent evolution of gas transportation agreements.
Basic knowledge of natural gas and LNG
chain.

Gas, Electricity
Reference: GER/CGT Only available as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: GER/CTG. Please contact us for more information.

NEW Legal Issues Relating to FSRU Projects

Purpose
THE FSRU PROJECT 0.25 d
economic and legal issues relating to Overview of a project (visual illustration).
FSRUs (Floating Storage and Regasification FSRUs in the LNG industry today (list, role, LNG demand, technology, economics).
Unit). Prospects for the near future.
Audience THE CONTRACTUAL SUITE 0.5 d

Structure (commercial, pass through, etc.).
This training is intended for managers Studies and engineering.
(including lawyers) from the oil, gas
Regulatory.
shipping or power industries or from the
banking, insurance, and consulting sectors
Permitting.
who need to understand legal issues Site construction.
relating to FSRUs. Shipbuilding contracts.
Ship chartering.
Learning Objectives Classification.
Port agreements.
Upon completion of the course, participants Interconnection.
will be able to:
FSRU services.
analyze the contractual structure of an
FSRU project, LNG imports and gas and LNG sales.
identify the main the issues pertaining to
an FSRU project, THE FSRU CHARTER 0.5 d
recognize the specificities of the services Structure.
and technical constraints of an FSRU Terms relating to the ship.
project, Terms relating to the operation and maintenance.
understand the gas and LNG marketing Relations with third parties.
activities.
FSRU SERVICES 0.25 d
Ways & Means Storage, regasification and send out.
Quizzes. Terminal navigation.
Videos. Other services.
Exercises on gas and LNG contracts. LNG & GAS MARKETING 0.5 d
Buying LNG.
Prerequisites Selling and transporting gas.
Other sales.
Reference: GER/FSRUGB Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: GER/FSRUFR. Please contact us for more information.


NEW
Negotiating LNG Master Sale
& Purchase Agreement

Purpose
GENERAL PRINCIPLES OF MSPAS 0.5 d
This training provides participants with a
comprehensive overview of LNG Master Overview of spot and short term sales.
Upstream Economics
Sale & Purchase Agreements and aims Contract structure and enforceability.
to develop or deepen the participants’ Industry templates.
understanding and negotiating skills.
THE CONFIRMATION NOTICE 0.5 d
Audience Overview.
Quantity and duration.
This training will suit new entrants and
Conditions precedent.
experienced operators. New entrants will
receive sufficient knowledge to negotiate
Source.
MSPAs in-house and use existing MSPAs to Price.
conduct their trading activities. Experienced Other terms of a confirmation notice.
commercial managers will consolidate their
legal knowledge and in-house lawyers will COMMERCIAL TERMS 1d

consolidate their commercial understanding Quantities and failure to take or deliver.
of the relevant instruments. Quality.
Invoice and payment.
Learning Objectives Credit support.
Upon completion of the course, participants Force majeure.
will be able to: Title transfer.
understand the contracting method of Facilities.
MSPAs, Transportation.
manage and negotiate LNG MSPAs, Measurement and testing.
discuss commercial terms both in the
context of an MSPA and a confirmation BOILERPLATES 0.5 d
notice. Important definitions.
Survival.
Ways & Means Exclusion of liability.
Examples based on real precedents Termination.
of MSPAs and concluded confirmation Confidentiality.
notices (anonymized). Other boilerplates.
Exercises on LNG MSPAs contracts.
Drafting and negotiating exercises. DRAFTING & NEGOTIATION WORKSHOP 0.5 d
Marking up a document.
Prerequisites Reviewing a confirmation notice.
No prerequisites for this course. Negotiating selected MSPA clauses.

Gas, Electricity
Reference: GER/MSPA Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com


Natural Gas & Electricity Trading

Market Risks & Their Operational Management

Purpose
MARKETS 0.5 d
This training provides participants a global
and synthetic view on the risk management Main features of gas and electricity markets.
of the various trading activities of gas and
electricity. RISK MANAGEMENT 0.5 d
Basic statistics.
Audience Risk typologies:
Credit risk.
All managers who need to learn the ways of Market risk.
managing risk in the market of natural gas
Operational risk.
and electricity.
Value at risk.
Learning Objectives HEDGING & MODELING 0.5 d

Upon completion of the course, participants Nature.
will be able to: Products:
assess the risks associated with each Futures, forwards, swaps, options.
phase of the gas trading and electricity,
understand the different hedging tools CASE STUDIES 0.5 d
of the financial markets and assess their Compute sensitivities on a gas procurement contract.
efficiency and limits,
Compute the V@R of the contract using Monte Carlo and parametric methods.
put in place means of detecting,
measuring and controlling the risks
through a proper trading organization
(procedures, segregation of duties),
implement control measures, including
market risk and credit risk.
Ways & Means

Case studies and examples.
Prerequisites
Reference: GER/GET Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com



NEW Gas & LNG Economics Certification

Purpose
Module 1: NATURAL GAS: TYPES, SPECIFICATIONS
The certifying training is part of a professional 5d
career move to a post that requires in-depth & PROCESSING TECHNOLOGIES
Upstream Economics
knowledge of the economic and contractual Fundamentals of natural gas composition, characteristics, production and field processing.
stakes of the Gas & LNG chain.
The assessment system is made up of two
Technical issues and specific constraints of natural gas transport and storage.
(02) elements: Review of the various end-user markets available for valorizing natural gas.
an initial assessment and a final Key natural gas chain economic issues.
assessment, both identical and covering all
the topics included in the training course,
in order to sanction the certification, at Module 2: UPSTREAM ECONOMICS & MANAGEMENT 5d
the end of each module from 1 to 7, Key issues and constraints in the contractual negotiations between host countries, NOCs and IOCs.
participants must pass written exams,
lasting one hour.
Overview and analysis of the different tax systems and contractual frameworks in existence.
Main contractual and fiscal clauses of E&P contracts.
Learning Objectives
Module 3: GAS & LNG CHAIN ECONOMICS 5d
will be able to: Natural gas in the world energy balance, and the strategies of the main industry actors.

be aware of the components of the global Outlets of natural gas and the new trends in gas and LNG industry.
gas scene, the actual and on-going projects
worldwide, as well as the gas market
Main technical, economic and contractual features of the natural gas value chain, from the production well to
present and future trends, the final consumer.
specify the technical requirements, Gas and LNG markets and their evolution (prices, hedging…).
the possible process solutions and the
development alternatives for bringing a
given underground gas to market sales Module 4: CONTRACTUAL FRAMEWORK OF GAS & LNG MARKETING 5d
specifications, Main articles of long-term natural gas and LNG agreements.
be aware of the technical, operational and Key points of the commercial clauses.
commercial conditions concerning the LNG
transport, and to know about the legal and The principles of natural gas pricing and transportation.
financial aspects of shipping, The technics of negotiation of Master Sale and Purchase Agreements.
practice the tools used for investment
profitability analysis in gas field
development, as well as those used Module 5: SHIPPING: GENERAL FEATURES, CHARTERING CONTRACTS
5d
for gas liquefaction, transport and & OPERATIONS
commercialization, Legal framework.
be aware of the legal, contractual and
financial framework of gas production, Contractual and fiscal framework.
transportation, sales and purchase Main clauses of petroleum contracts.
agreements and know the fundamental
features and structures of such
Nautical capacity and technical criteria of a ship in particular for the transport of hydrocarbons.
agreements, Risks associated with maritime activities (boating, environmental, policy…), as well as the regulations and
understand the operational responsibilities related procedures.
of the actors from the chain Front-to-Back,
and be aware of the dependencies between
Operational and strategic constraints that apply to the ship-owner or the carrier.
these different trading activities. Negotiation in the best possible of conditions contract litigations deriving from oil products marine operations.
The tanker chartering market.
Ways & Means
Quiz. Module 6: INVESTMENT PROFITABILITY STUDIES IN THE GAS INDUSTRY 5d
Case studies simulated on computers. Development of advanced computer models for the economic evaluation Gas projects.
Exercises on contracts and simulation of
negotiation. Incorporation of specific financing plan through equity profitability analysis.
Videos. Analysis of the economic results and carry out sensitivity analysis. & Renewable Energies
Incorporation of the risk and uncertainty in the economic evaluation of Gas projects.
Prerequisites
Gas, Electricity
Are allowed to take part to this certified Module 7: OPERATIONAL MANAGEMENT OF GAS TRADING 5d
training only applicants having: Description of the activities of each actor from Front to Back (stakes and technics used).
a Master's degree or equivalent in
engineering, economics, finance or legal Evaluation of the associated risks to each phase of the gas trading.
with minimum 2 years working experience, Understanding of the tools to hedge the risks on the financial markets and evaluation of their efficiency as well
an engineering degree with a minimum of as their limits.
2 years working experience,
a Bachelor's degree with minimum of Means of detection, measurement, and control of the risks thanks to a trading organization.
5 years working experience.
Applicants must provide proof validating these
prerequisites, e.g. (copy of engineering degree,
Master, Bachelor Degree or equivalent).
Why an IFP Training

Certification?
competencies.
A n expertise confirmed in Gas & LNG
Economics. Reference: GER/GCEGGB Only available as an In-House course. Contact: eco.rueil@ifptraining.com
This course is also available in French: GER/GCEGFR. Please contact us for more information.

Unconventional gas

Purpose
UNCONVENTIONAL GAS CHARACTERISTICS 0.2 d
This course covers the risks and
opportunities related to unconventional gas Conventional and unconventional gas (shale gas, tight gas, coal bed methane, hydrates).
production. Resources & reserves.
UPSTREAM STEPS, TECHNICS & COSTS 0.8 d

Audience
Geology, Permit negotiation and Geophysics.
This program is targeted at people from Identification and site preparation.
the energy and industrial sectors and other Directional and horizontal drilling.
professionals working in a context related
Hydraulic Fracture Stimulation and Micro-seismic Fracture Mapping.
to unconventional gas projects such as
bankers, insurance agents and consultants.
Production, processing & water management.
Decommissioning.
Learning Objectives IDENTIFICATION OF VALUE DRIVERS 0.5 d
Upon completion of the course, the Production profile characteristics.
participants will be able to: Typical development and operational costs estimate.
understand the characteristics of shale, Fiscal impact.
tight and coal bed methane, Impact of the learning curve on the profitability.
describe the steps, technologies and
costs to develop an unconventional gas
SHALE, TIGHT GAS & CBM POTENTIAL DEVELOPMENTS WORLDWIDE 0.5 d
project,
identify the value drivers of America (North and South), Europe, Africa, Middle East, Asia Pacific.
unconventional gas development,
locate the unconventional gas resources ECONOMIC & STRATEGIC IMPACT OF UNCONVENTIONAL
0.5 d
and what are the situation and the GAS REVOLUTION
challenges country per country, Unconventional gas market (contractors and size of the market).
define the impact of unconventional Strategy of the O&G companies (small and big independents, IOC, NOC).
gas on price formulae and the markets Impact on the gas trades and gas prices.
unbalance,
Indirect impacts on energy prices (oil price, coal price).
identify the impact of unconventional gas
on economies and industries,
Economic impact on industries and government budgets (focus on petrochemicals, refining, and exporting and
identify the main unconventional gas importing economies).
contractors and operators and their
strategies, ENVIRONMENTAL IMPACT & ISSUES 0.5 d
describe the environmental risks related Environmental issues
to the production of unconventional gas, Water consumption, water treatment and waste issues.
participate in the unconventional gas Surface footprint and noise.
debate. Greenhouse gas emissions.
Seismic events.
Ways & Means The protagonists of the debate & their communication strategy.
Game on the unconventional exploration The pro (O&G producers and contractors, organization, energy consumers).
and production techniques. The cons (environmental & anti-globalization associations, renewable industry, some consumers).
Videos.
Unconventional gas project analysis:
value drivers and cost differential.
Debates on the industrial, environmental
and economic stakes of the
unconventional gas sector.
Prerequisites
Reference: GER/UCG Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: GER/GNC. Please contact us for more information.


Unconventional Gas Economics
Economics & Project Analysis

Purpose
UNCONVENTIONAL GAS CHARACTERISTICS 0.2 d
To make investment decision related to
unconventional gas projects. Conventional and unconventional gas (shale gas, tight gas, coal bed methane, hydrates).
Upstream Economics
Resources & reserves.
Audience UPSTREAM STEPS, TECHNICS & COSTS 0.8 d
People involved in unconventional gas Geology, permit negotiation & geophysics.
project analysis. Identification & site preparation.
Directional & horizontal drilling.
Hydraulic Fracture Stimulation & Micro-seismic Fracture Mapping.
Learning Objectives
Decommissioning.
Upon completion of the course, the
participants will be able to: ECONOMIC ANALYSIS & INVESTMENT DECISION 2d
understand the characteristics of shale, Production profile characteristics (Arps Equation and EUR).
tight and coal bed methane,
Associated products value.

describe the steps, technologies and
costs to develop an unconventional gas Economic variables associated with shale gas developments (F&D, Drilling, Fracking, T&F, LOE).
project, Fiscal impact (Concession, PSA).
understand the importance of the Economic Evaluation Criteria.
concept and calculation of net present Shale gas project cash flow analysis.
value and internal rate of return in Impact of the learning curve on the profitability.
decision making, Hedging strategy (price, currency, toll fees).
introduce to the economic evaluation of Financing issues & needs.
unconventional gas play,
Financing solutions (M&A, PE, MLP, FI/FO).
compare and evaluate unconventional
gas developments, Introduction to risk analysis (sensitivity analysis, decision tree & Monte Carlo analysis).
appreciate the impact of the learning
curve on the profitability, ECONOMIC & STRATEGIC IMPACT OF UNCONVENTIONAL
0.75 d
locate the unconventional gas resources GAS REVOLUTION
and what are the situation and the Panorama of unconventional gas developments: North & Latin America, Europe, Africa & Middle East, Asia Pacific.
challenges country per country, Unconventional gas market (contractors and size of the market).
define the impact of unconventional Strategy of the O&G companies (small and big independents, IOC, NOC).
gas on price formulae and the markets
Impact on the gas trades and gas price.
unbalance,
identify the impact of unconventional gas
Indirect impacts on energy prices (oil price, coal price).
on economies and industries, Economic impact on industries and government budgets (focus on petrochemicals, refining, and exporting and
identify the main unconventional gas importing economies).
contractors and operators and it strategy,
describe the environmental risks related ENVIRONMENTAL IMPACT & ISSUES 0.25 d
to the production of unconventional gas. Environmental issues:
Water consumption, water treatment & waste issues.
Ways & Means Surface footprint & noise.
Greenhouse gas emissions.
Game on the unconventional exploration
and production technics. Seismic events.
Videos. The protagonists of the debate & their communication strategy: & Renewable Energies
Unconventional gas project analysis, The pro (O&G producers and contractors, organization, energy consumers).
The cons (environmental & anti-globalization associations, renewable industry, some consumers).
Gas, Electricity
sensitivity study and decision analysis.

Hedging strategy.
Prerequisites
Reference: GER/UCGI Only available as an In-House course. Contact: eco.rueil@ifptraining.com

Econometrics & Forecasting

Purpose
STATISTIC BASIS 0.5 d
To be able to use econometric tools in order
to determine correlations and adjustments Descriptive statistics (mean, median, standard-deviation, etc.), indices (Laspeyres, Paasche, Divisia).
between physical or economical series and Statistical tests (normality, student, Fisher).
to make forecasts and simulations. Application: energy data set (quantities, prices).
Audience LINEAR REGRESSION MODELS & FORECASTING 1.5 d

Simple and multiple linear regression models, ordinary least square estimator, R2.
Engineers, economists and financiers from Application: energy demand model.
all sectors.
Statistical tests validating econometric models: autocorrelation (Durbin-Watson, Lagrangian multiplier),
heteroscedasticity (White and Breusch-Pagan), multicollinearity (BKW).
Learning Objectives Structural change on linear regression model (Chow test, Brown-Durbin & Evans test).
Upon completion of the course, the Application: analysis of the substitution between oil, gas and electricity.
participants will be able to: Principle of forecasting with an econometric model (properties of the estimator, prediction interval).
use the main econometric techniques, Application: forecasts on energy demand model.
perform an econometric estimation,
develop models and make forecasts, in TIME SERIES ANALYSIS & FORECASTING 1d
particular in the energy sector and on Time series model.
financial markets.
Smoothing techniques for short run forecasts: extrapolation techniques (moving average, time series
decomposition with trend and seasonal pattern).
Ways & Means Application: monthly energy demand series (with a seasonal pattern), forecast over 12 month.
Applications performed on computer ARIMA models (AutoRegressive Integrated Moving Average), tests assessing the stochastic processes (number of
(statistical tests, development of autoregressive and moving average lags, stationnarity).
econometric models, forecasting, Application: ARIMA model simulations.
simulation, highlighting cointegration and
causality relationship, etc.) using Excel and TIME SERIES RELATIONSHIP: COINTEGRATION & CAUSALITY 1d
Eviews.
Introduction to cointegration techniques: unit root tests (Dickey-Fuller, Phillips-Perron, KPSS), Engle and Granger
model, long term equilibrium, Error Correction Model (ECM).
Prerequisites Causality test.
Basic knowledge in the areas of statistics Application: cointegration techniques to Oil & Gas markets.
and Excel software. Cointegration with multiple relationship: Johanson test (max. eigenvalue and Trace test) on a VAR (Vectorial
AutoRegressive) model.
Application: modeling the equilibrium between prices over several market places.
Structural changes on cointegration model: long term and short term dynamic (Perron test, Gregory and Hansen
test).
CHANGES OF VOLATILITY ON ENERGY MARKET 1d

ARCH model (AutoRegressive Conditional Heteroscedastic) and generalization.
Application: modeling volatility changes in the short term dynamic and on the equilibrium of Oil & Gas markets.
Reference: GER/ECF Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: GER/ECP. Please contact us for more information.


NEW Towards Energy Transition
Level: FOUNDATION Course Content 1 day

Purpose
WHY ENERGY TRANSITION? 0.75 d
This training provides an understanding of
the energy transition through the analysis of Review of the international regulation on the environment and environmental policies (Kyoto, COP 21 & 22).
Upstream Economics
environmental regulation, the identification Different scenarios of energy demand and supply (IEA, BP Exxon Mobil, EIA…).
and the share of renewable energies in the Identification of the renewable energies (share in the energy mix, investments…).
energy mix, as well as the answers and The issues of energy transition and energy efficiency.
strategies of the actors of the energy sector.
THE ANSWER OF THE ACTORS OF THE ENERGY SECTOR
0.25 d
Audience TO THE ENERGY TRANSITION
The European Union and the energy transition: evolutions of the European energy policies.
This training is designed for energy
producers and consumers, professionals
Strategies of the actors of the energy sector to energy transition:
from other sectors, such as industries or Investments.
government, that require an understanding Mergers and acquisitions.
of the energy transition. Reorganization.
New actors in the energy transition landscape: from “consumers” to “prosumers”.

Learning Objectives
will be able to:
synthesize the latest evolutions regarding
environmental regulation,
identify the renewable energies (share in
the energy mix, CAPEX…),
understand the answers and the
strategies of the actors to energy
transition.
Ways & Means

Quiz.
Discovery of environmental regulation.
Prerequisites
No prerequisites for this training

Gas, Electricity
Reference: GER/TET Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Rueil 20 September 20 September €680
This course is also available in French: GER/PTE. Please contact us for more information.

Assess Energy Efficiency & CO2 Reduction

Purpose
ENERGY CONSUMPTION & CO2 EMISSIONS 0.5 d
This courses provides an understanding
of the methods used to measure energy Introduction: increasing government interest regarding energy consumption and energy efficiency.
efficiency, renewable penetration and CO2 Energy consumption measurements: levels of measurement and trends.
reduction performances. Official national and international quantitative targets on energy consumption.
Case studies: monitoring official targets on consumption and renewables.
Audience CO2 emissions related to fuel combustion: definition and calculation.
Case studies on CO2.
Managers and staffs of governments or
other relevant agencies at the national,
MEASUREMENT & COMPARISON OF THE OVERALL ENERGY EFFICIENCY 0.5 d
regional and local levels that work on
sustainable development, energy efficiency,
Primary and final energy intensities: definition, calculation, interpretation and examples of national targets.
climate change, and renewables. Managers Case studies.
of companies in the energy sector impacted Sectoral and CO2 intensities: intensity with industry and tertiary, electricity, CO2, elasticity to GDP.
by energy efficiency and CO2 reduction International comparison of energy intensity levels: objectives, intensities at purchasing power parities.
initiatives. Measuring the impact of structural changes on intensities: case of industry.
Case studies: interpretation of intensity variations and structural changes.
Learning Objectives
ENERGY EFFICIENCY & ENERGY SAVINGS CALCULATION 0.5 d
Energy savings and energy efficiency targets: explaining the objectives, ways to set up energy savings/efficiency
will be able to:
understand national objectives on targets (baseline, savings in primary or final energy, etc.), examples of international and national targets,
energy consumption, renewable energy mandatory energy savings for energy producers (white certificates) or consumers (buildings, industry).
efficiency and CO2 abatement, Introduction: top-down versus bottom-up approach of evaluation.
explain basic methods used in Top-down evaluation of energy efficiency and energy savings: methods and case studies.
measuring and benchmarking the Industry: benchmarking, measurement of savings.
progress achieved regarding energy Buildings (households and services): climate corrections, interpretation of differences between countries.
saving and CO2 reduction, Case studies: appliances, energy substitution, solar water heaters.
apply those methods to evaluate the
Transport: different types of savings (behavior, technological).
success of energy efficiency/CO2
abatement programs. Case studies for cars and modal shift.
Power sector: case of thermal and wind power.
Bottom-up approach: methods of measurement of energy savings linked to a programme.
Ways & Means Case studies.
Enerdata is an independent consulting Summary: Bottom-up versus top-down methods for the measurement of energy savings.
company, specialized in the energy and Evaluation of CO2 savings.
environmental sector.
Bottom-up method: case of a project on electricity production.
Case studies.
Top-down method: effects of substitution and energy savings.
Link to NAMAS.
Prerequisites
No prerequisites for this course. SYNTHESIS: THE ENERGY CONSUMPTION DRIVERS 0.5 d
Decomposition of electricity consumption variation (economic growth, energy savings, substitution, structural
changes, …).
Decomposition of the final energy consumption variation: role of various factors (economic growth, energy
savings, structural changes…).
Decomposition of the primary energy consumption variation: role of various factors (electricity mix, penetration
of electricity).
Drivers of CO2 emissions variations.
Case studies (EU, Tunisia, France).
Reference: GER/AECO Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: GER/EECO. Please contact us for more information.

Upstream Economics
Strategic Management in International Oil & Gas Business .................................................................................................................................. p. 82
Financial Management of an International Oil & Gas Company p. 83

.........................................................................................................................
Upstream Budget Practice ........................................................................................................................................................................................................... p. 84
Upstream Contracts Audit ............................................................................................................................................................................................................ p. 85
Upstream Auditing Certification ................................................................................................................................................................................................. p. 86
Investment Profitability Studies in the Oil & Gas Industry ........................................................................................................................................ p. 87
Governance of an E&P Company ............................................................................................................................................................................................ p. 88
Gas, Electricity
Management
Finance
Strategic Management in International Oil & Gas Business

Essential Business Management Skills for Oil & Gas Professionals

Purpose
INTERNATIONAL OIL ENVIRONMENT 0.5 d
The participants will participate actively as
well in the various lectures they will have to Energy demand and supply. Crude oil reserves and production.
cover the economics of the Oil & Gas value History of the petroleum industry. Role of main actors: OPEC, NOCs, IOCs, INOCs, IEA.
chain as well as the management tools Oil price evolution and long-term scenarios.
used in the industry; putting everything Present and future constraints of the Oil & Gas industry (alternative energies, investments, etc.).
back in perspective with their company’s
business. UPSTREAM ECONOMICS 0.5 d
Fundamental steps of the upstream business.
Audience Economic aspects and costs, risks.
Understanding the E&P Value chain.
The course is designed for high potential
Legal and fiscal framework for exploration-production (concessions, production sharing contracts, service
executives with minimum of two years
experience. It is suitable to both technical
contracts).
and non-technical professionals who seek
to develop good business awareness and NATURAL GAS ECONOMICS 0.5 d
understanding of the Oil & Gas industry. Natural gas reserves and production around the world.
Main gas markets; their structures and constraints.
Liquefied natural gas chain, economics and trade.
Learning Objectives
Long-term sales and purchase gas contracts. Take-or-pay provisions and gas price formulas.
will have: TRANSPORT & INTERNATIONAL OIL MARKETS 0.5 d
seen the main economic, market, International trade and shipping of crude and products.
physical, environmental and political
Various types of markets and contracts: long-term contracts, forward and spot markets.
forces driving energy demand, supply,
Case study: How to price & Hedge a cargo of crude oil?
and prices,
connected the key links and terms of the
Oil & Gas industry, from the exploration REFINING ECONOMICS & PETROCHEMICALS 0.5 d
well to the final products, Basic technical aspects. Development in refining capacity.
understood the fundamental Refining margins and costs.
management tools and decision Evolution of products specifications and structure of demand.
processes in an international Oil & Gas Inter-relationship between refining and petrochemicals.
company, Main petrochemical sectors; environmental and economic trends. Coping with economic cycles.
applied practical decisions and Case study: working in teams, participants have to calculate refining margins and the main operating indicators.
experienced the risk of doing business
in the Oil & Gas industry on a worldwide PROJECT ECONOMICS & DECISION ANALYSIS TOOLS 1.5 d
scale through a computer “Strategic
Economic criteria for investment project evaluations (NPV, IRR, POT, etc.).
Management Game”.
Global profitability analysis. Economic cost analysis.
Introduction to risk analysis. Risk management, financial and cost management.
Ways & Means Case studies: participants have to evaluate the economic profitability of a gas pipeline project & LNG project.
This course is built on interactive
presentations, exercises and team STRATEGIC BUSINESS GAME 1d
games. Introduction to strategy & financial management.
Working in competing teams, participants Introduction to the strategic game: participants are introduced to the use of strategic tools.
have to: Communication & workshop:
Evaluate and anticipate the driving Participants analyze their respective situation (SWOT analysis) in each of the branches (upstream, refining,
factors of oil prices through the “Oil price
retail & petrochemical).
game”.
Participants have to implement their decisions & evaluate its impact through the use of an Excel simulator.
Rebuild the E&P chain of an offshore
project.
Take a quiz on natural gas business. Day 3 Day 3
Price a cargo of crude oil. Day 1 Day 2 Day 4 Day 5
Morning Afternoon
Calculate refining margins and the main
economic indicators.
Evaluate the economic profitability of an Background Session Go Beyong Business Game
oil field development, gas pipeline & LNG
projects.
Implement business decisions & evaluate
its impact through the use of an Excel
simulator “Strategic Management To provide participants
To provide participants with
Game”. a fundamentals knowledge with the fundamentals To use and apply
of the Oil & Gas industry project Economics and the knowledge gained
Dicision analysis tool
Prerequisites
the use of Microsoft Excel.
Reference: GIP/SBA Only available as an In-House course. Contact: eco.rueil@ifptraining.com


Financial Management
of an International Oil & Gas Company

Purpose
MODULE 1 - FUNDAMENTALS OF OIL & GAS ACCOUNTING
This course provides a deeper knowledge
on accounting in the oil industry and to & COSTS CONTROL METHODOLOGY
Upstream Economics
introduce the tools of financial analysis and
management. E&P fundamentals 0.5 d
Overview.
Audience
Accounting standards 2.5 d
Upstream professionals who would like to Accounting principles
understand the bases of financial analysis Accounting system and principles, accounting plan, financial statements, valuation of assets.
in the upstream Oil & Gas activities.
Depreciation and provision, income statement, balance sheet, cash flow statement and cash flow table.
International accounting standards: IFRS and FAS, US GAAP, SEC requirements.
Learning Objectives Specific cases: relinquishment and site restoration, deferred taxes, potential badwill of fixed assets, etc.
will be able to: Cost analysis & cost control 2d

appreciate the specificities of the Fundamentals of cost analysis:
international petroleum accounting Direct and indirect costs, fixed and variable costs, total cost, etc.
standards, Methodology of cost allocation.
define fundamentals of cost analysis and Standard costs: purpose, identification and implementation.
control,
Budget and cost control:
analyze the financial situation of a
company, Cost accounting definition and implementation.
use the methodology and techniques Labor costs, inventories, etc.
of audit.
Ways & Means

MODULE 2 - FUNDAMENTALS OF FINANCIAL MANAGEMENT
Case studies and exercises. & AUDIT METHODOLOGY
Prerequisites External & internal financial audit 2d
Methodology and techniques of financial audit.
Basic knowledge in the areas of financial
accounting, management accounting or Define an audit program.
corporate finance. Evaluate the quality of internal control.
Audit of the main business lines (inventories, procurement, fixed assets, payroll).
Conduct of the audit.
Audit report.
Financial management & financial analysis 3d

Fundamentals of financial analysis:
Value creation and management, earnings and cash flow, free cash flow.
Working capital, capital expenditures, return on assets, cost of capital.
Short term financial management: cash and cash equivalents, short term debts, cash management.
Financial management:
Long term financial resources, risk and return.
Financial securities: bonds and other debt, shares, other tools of corporate financing.
Gas, Electricity
Project financing:
Definition, pros and cons, criteria of choice.
Examples of success and analysis of failures, debt restructuring.
Management
Contact: eco.rueil@ifptraining.com
Finance
Reference: GIP/FMC Only available as an In-House course.

This course is also available in French: GIP/MFP. Please contact us for more information.

NEW Upstream Budget Practice

Purpose
PURPOSE & REQUIRED FINANCIAL STATEMENTS 1d
To allow the participants to go through the
full budgetary process from information Purpose of the budgetary process.
gathering to budget presentation. Main characteristics of the financial statements required for budget preparation.
Projected balance-sheet.
Audience Projected income-statement.
Projected uses and sources of funds.
Upstream professionals who need to fully
master the E&P budgeting process. LISTING PROCESS FOR REQUIRED INFORMATION COLLECTION 1d
Type of required information.
Learning Objectives Related company departments.
Data collection methodology.
Upon completion of the course, participants Data collection.
will be able:
to list the required information for the
FINANCIAL STATEMENTS DRAFTING & BUDGET 2d
budgeting process,
to draft the required financial statements, Financial statements drafting.
to set up monitoring and performance Main data consolidation.
parameters. Budget presentation report preparation.
Ways & Means BUDGET MONITORING & CONTROL 1d

Monitoring indicators preparation.
Budget preparation, set up and presentation Whistleblower signals.
through workshop practice with a subject-
matter expert.
Prerequisites
Basic knowledge of the financial and
accounting environment of E&P.
Reference: GIP/UBP Only available as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: GIP/PBA. Please contact us for more information.


Upstream Contracts Audit

Purpose
CONTRACTUAL ACCOUNTING 1d
This course provides participants a detailed
understanding of principles and methods of Joint Operating Agreements and accounting appendix.
Upstream Economics
upstream contracts audit. Upstream tax issues.
Production Sharing Contracts (PSC) and accounting procedures.
Audience Joint costs and recoverable costs.
At cost principle and implementation.
For upstream personnel who will conduct Bases of operator's cost accounting.
joint-venture audits, or will be audited
by partners in a joint venture, for State
SPECIFICITIES OF JOINT VENTURE AUDIT 1.5 d
auditors in charge of auditing Oil & Gas
contracts, for executives who look for a
Audit rights.
comprehensive understanding of issues Organization of the audit: partners, operator.
linked to contractual audit. Auditing respect of at cost principle.
Exercises.
Learning Objectives

SPECIFICITIES OF STATE AUDIT 1.5 d
Upon completion of the course, participants Audit rights.
will be able to: Organization of the State audit, auditors qualification.
prepare and lead a contractual audit,
Articulation between joint-venture audit and State audit.
identify the risks related to accounting in
Oil & Gas industry, Key elements of contract and accounting procedure.
set up an audit structure. Case study.
CONDUCTING A CONTRACT AUDIT 1d

Ways & Means
Audit preparation.
Case studies and exercises based on recent During the audit.
industrial cases. Conclusion of the audit.
Audit supervisor role.
Prerequisites Audit report and follow-up.
Basic knowledge of the contractual and
financial framework of E&P and/or a
minimum 5 to 10 years’ experience in
financial functions in the E&P sector.

Gas, Electricity
Management
Reference: GIP/UCA Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Finance
This course is also available in French: GIP/ACEP. Please contact us for more information.

Upstream Auditing Certification

Purpose
CONTRACTUAL & ACCOUNTING FRAMEWORK OF E&P OPERATIONS 2.5 d
This course is designed to master
the framework, principles, objectives, Petroleum contracts fundamentals.
methodology, roll-out and follow-up of Accounting principles of upstream operations.
various upstream audits: petroleum contract
auditing, JOA auditing as well as petroleum UPSTREAM AUDITING CONTEXT 2d
aspects of internal auditing. Typology: petroleum contracts auditing - JOAs auditing - Petroleum aspects of internal auditing.
Auditor qualifications and professional conduct rules.
Audience Auditing norms.
Tools and techniques.
This course is intended for managers from
the Oil and Gas public (NOCs, ministries,
regulation authorities…) and private UPSTREAM COST AUDITING (recoverable or shared) 2d
sectors who deal with different types of Cost items analysis.
petroleum auditing missions (petroleum Cost accounting exercises.
contract auditing, JOA auditing, petroleum
aspects of internal auditing) from the SPECIFICITIES OF PETROLEUM CONTRACT AUDITING 0.5 d
preparation phase to the roll-out and
follow-up phases. SPECIFICITIES OF JOA AUDITING 0.5 d
Internal control and budgetary procedures.
Learning Objectives
AUDIT MANAGEMENT 1d
Upon completion of the Upstream Auditing
Certification, participants will be able to:
Preparation, roll-out and follow-up.
identify the risk-zones and key factors
to audit, GOVERNANCE & FINANCIAL SECURITY 0.5 d
take part in an audit, following
specifications and schedules,
write recommendations and exceptions,
propose recommendations for strategic
and/or organizational choices.
Ways & Means

Modules are delivered by upstream auditing
professionals. The evaluation process
includes a mock case preparation, roll-out
and follow-up of an audit.
Prerequisites
Participants with a Bachelor’s degree in
Engineering or Business with 5 years of
management experience in the oil and gas
industry are ideal candidates. In addition,
fundamental knowledge of financial
(general accounting, financial statements,
financial accounting) and upstream
petroleum contracts is required and will be
assessed through a preliminary test.
Why an IFP Training

Certification?
competencies.
A Advanced Certificate delivered.
An expertise confirmed in Upstream
Auditing Certification.
More info
* Duration includes one day of assessment.
Reference: GIP/ADVUA Only available as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: GIP/ADVAM. Please contact us for more information.


Investment Profitability Studies in the Oil & Gas Industry

Purpose
ECONOMIC EVALUATION CRITERIA 0.5 d
This course provides a better understanding
of the concepts behind the theory of Corporate finance, capital costs and discount rate of the company.
Upstream Economics
capital budgeting, thus helps improving the Construction of project cash flows schedule.
analysis in investment profitability studies. Economic criteria for project evaluation: net present value (NPV), internal rate of return (IRR), payback period, etc.
A number of computer case studies will be Case studies: development of an oil field under concession.
treated all along the course to apply the
principles that are presented succinctly, GLOBAL PROFITABILITY ANALYSIS 1d
which makes this course a very practical Methodology for assessing the global profitability of capital invested.
one. Impact of taxation and inflation in profitability investment studies.
Choosing an investment program with a limited budget, scarcity cost of capital.
Audience Case studies: accelerating production project (EOR) project of upgrading a refinery (Hydrocracking unit).
Managers and staff concerned with
decisions affecting medium and long ECONOMIC COST ANALYSIS 0.5 d
term cash flows, such as investment, Accounting cost vs. economic cost, after-tax cash outflows.

disinvestment, acquisitions or leasing, who Total discounted cost, annual economic cost.
need to improve their understanding of the Economic depreciation, Unit economic cost, optimal economic lifetime.
theory and practice of investment analysis. Cases studies: issues related to purchasing of equipment and definition of an optimal economic lifetime.
Learning Objectives EQUITY PROFITABILITY ANALYSIS 0.5 d

Upon completion of the course, participants Financing Oil & Gas projects, project finance and B.O.T. structures.
will be able to: Various financing plans and debt repayment.
develop advanced computer models for Analysis of equity cash flows, return on equity capital, financial leverage.
the economic evaluation of Oil & Gas Case studies: construction of LNG plant and gas pipeline projects with specific financing.
projects,
incorporate specific financing plan RISK ANALYSIS 0.5 d
through equity profitability analysis, Introduction to risk analysis and risk discount rate: sensitivity analysis, Spider and Tornado diagrams.
Probability of success, economic risk analysis in oil exploration.
out sensitivity analysis,
incorporate the risk and uncertainty in
the economic evaluation of Oil & Gas Case studies: valuation of a decision to acquire information (seismic or drilling) and pricing of an exploration bloc.
projects.
CASE STUDIES
Oil field development project.
Ways & Means
Acceleration of production project with or without EOR (Enhanced Oil Recovery).
Case studies simulated on computers. Isomerization vs. alkylation project.
FCC project (Fluid Catalytic Cracking).
Prerequisites Project of upgrading a refinery.
Hydrocracking unit project.
the use of Microsoft Excel. Polypropylene Plant Project.
Gas pipeline project with specific financing.
Service station modernization project.
Gas-fired power plant project.
Valuation of a decision to acquire information (seismic or drilling).

Gas, Electricity
Pricing of an exploration bloc.

Management
Reference: GIP/IPS Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

Finance
This course is also available in French: GIP/ERP. Please contact us for more information.

Governance of an E&P Company

Purpose
GOVERNANCE OF COMPANIES 1.5 d
This course provides the most recent
elements and reflections on companies Internal control: where and when.
governance and key issues specific to the Principles of financial security.
Oil & Gas upstream companies, except Definition of audit, norms and standards.
for contracts audit which is treated in a Internal control: definition, modalities.
separate course (upstream contracts audit). Internal audit, external audit.
Audit committee, Certified Public Accountants (CPAs) and external auditors.
Audience
AUDIT & INTERNAL CONTROL 2d
Professionals in charge of implementing
internal control and procedures, managers
Definition.
and independent board members wanting Code of conduct and internal audit.
to know the best practices, to technical International standards of internal audit.
staff called to move to the internal audit of Internal control and the COSO referential.
their company. Risk definition and management.
Fraud definition, types and prevention.
Learning Objectives Introduction to internal audit methods.
OIL & GAS SPECIFIC ISSUES 0.5 d
will be able to:
obtain a global understanding of the FCPA compliance.
problems attached to company's New reporting requirements for listed companies.
governance, Reserves, payments to States, emission certificates.
know the most recent solutions
developed and implemented in internal BEST PRACTICES STUDY 1d
control of companies, Errors, creative accounting and aggressive accounting: assessment of the risks.
analyze the human and financial Institutional answers in the USA and in the European Union.
resources needed to ensure the financial Company's organization.
safety of the company,
Developing an internal culture of financial safety.
lead or supervise the creation of an
internal audit.
Ways & Means

Discussions on key issues and examples
from the news.
Prerequisites
5 to 10 years of experience in the
international Oil & Gas industry
environment.
Reference: GIP/GEPC Can be organized as an In-House course. Contact: eco.rueil@ifptraining.com

This course is also available in French: GIP/GCEP. Please contact us for more information.

Keywords List
A Cointegration: 78
Collar: 54 E
Commercial: 64
Accounting: 27, 28, 34, 39, 83, 85, 86, 87, 88 Commitment: 28, 83 E&P Projects: 42
Acid gas: 46 Committee: 88 Earning: 83
Actor: 52 Commodities market: 66 ECM: 78
Additive: 64 Communication: 82 Econometric: 66, 78
Agency: 52, 83 Company(ies): 52, 88 Economic aspects: 65
Agreement: 85 Completion: 40 Economic environment: 39, 55, 60
Allocation: 83 Concession: 27, 31 Economic(s): 52, 82
Amine: 46 Consolidation: 27 Economy: 31, 52
Amortization: 27, 34 Constraint cost: 61 Eigenvalue: 78
Analysis: 78, 82, 83, 87 Consumer: 52, 64 Electricity: 47, 80
Analyst: 83 Contango: 53 Emulsion: 45
Appraisal: 27 Contract(s): 31, 34, 35, 36, 38, 52, 76, 82, 83, 85 Energy: 52, 78
Aquifer: 76 Contracting: 43 Energy consumption: 80
Artificial lift: 45, 47 Contractor management: 49 Energy efficiency: 80
Assessment: 78 Contracts: 47 Energy saving: 80
Asset: 83 Contractual: 85 Engle: 78
Asset integrity: 49 Contractual framework: 27, 28, 36, 71 Environment: 52, 76
Asset management: 36 Control: 83, 88 Environmental: 80
Audit: 27, 28, 83, 85, 86, 88, 49 Control Certification: 42 EOR: 45
Auditing: 38 Corporate: 83, 87 EOR (Enhanced Oil Recovery): 87
Auditor: 88 Correlation: 78 Equilibrium: 52
Auditor qualifications: 86 Cost: 42, 59, 61, 82, 83, 85, 87 Equity: 35, 87
Autocorrelation: 78 Cost accounting: 86 Error: 78
Automotive: 64 Cost analysis: 34, 58 Estimation: 42
Cost control: 34, 42, 59 Evaluation: 54, 78, 82
Cost estimation: 42 Evans: 78
B Cost management: 27 Exception: 86
Exchange: 54
Cost of capital: 27, 35
Backwardation: 53 Cost oil: 29 Exploitation: 69
Base oil: 64 Cost plus: 70 Exploration: 27, 34, 40, 82
Basis risk: 53 Cost recovery: 29 Exploration & Production contracts: 28
Biogas: 68 Costs: 43 Extension: 29
BKW: 78 CPA: 88 External: 88
Blending: 64 Crude: 52, 82
Board: 88 Crude oil: 61
Bond: 83
Bonuses: 29
Cryogenic loops: 48 F
BOT: 87 Farm-in: 28, 31, 35, 36
Breusch-Pagan: 78
Brown-Durbin: 78
D Farm-out: 28, 31, 35, 36
FAS: 83
Budget(s): 28, 29, 83, 87 DEA: 46 Feedstocks: 61
Budgeting: 34 Debt: 83, 87 Field: 47
Business: 64, 82 Decision: 82 Field development projects studies: 47
Decision making process: 39 Field treatment: 45
Decision tree: 35, 36 Filling: 64
C Dehydration: 45, 46 Finance: 38, 39, 54, 87, 88
Financial analysis: 83, 87
Demand: 52
Cap: 54 Depreciation: 34, 87 Financial management: 83, 87
CAPEX: 42 Derivatives: 53 Financial markets: 68
Capital budgeting: 39 Desalting: 45 Financing: 34, 83
Capital expenditures: 69, 83 Design: 45, 47, 48 Finding cost: 34
Cargo: 52 Development: 87 Fire protection: 49
Case study: 47, 48 Development project: 35 Fiscal: 82
Cash flow: 63, 83, 87 Discount: 87 Fiscal environment: 27
Causality: 78 Discount rate: 27, 34, 35, 36, 63 Fisher: 78
Certification: 43 Distribution: 64, 68 Fixed: 83
Certified training: 38 Distribution of petroleum products: 58 Floor: 54
Chain: 64 Divisia: 78 Flow assurance: 45, 47
Characteristic: 45, 64 Downstream: 52, 63, 82 Fluid: 64
Chemical: 76 Drilling: 40, 45, 47 Forecast: 78
Chow: 78 DRIZO: 46 Forward: 53, 54, 68, 70, 82
Clause: 31 Duration: 28 Freight: 52
Climate change: 80 Durbin-Watson: 78 Fuel combustion: 80
Climate correction: 80 Dynamic simulation: 48 Fundamental concepts underlying: 47
CO2: 46 Future contracts: 70
CO2 abatement program: 80
CO2 reduction: 80
Coal: 76
Coal bed methane: 76
Coal seam gas: 76
90
G J N
Game: 82 JOA: 31 National oil companies: 28
Gas: 46, 76, 82, 85, 87 JOA auditing: 86 Natural gas: 48, 68, 70, 71
Gas and power integration: 68 Job safety analysis: 49 Negotiation: 31
Gas chain: 46 Johanson: 78 Net present value: 63
Gas conditioning: 46 Joint: 31, 85 Netback: 68
Gas economics: 46 Joint operating agreement: 28, 29, 34 Netback value: 69
Gas end-uses: 46 Joint venture: 29, 34, 83 NGL: 45, 46
Gas pipe: 46 JSBA: 31 NOC: 82
Gas processing: 46 JV: 31 Non consent: 29
Gas production: 46 Norm: 88
Gathering network: 45 NYMEX: 54
General Terms and Conditions: 28
Geologic traps: 41 K
Geology: 40
Geophysics: 40 KPSS: 78 O
Geopolitics: 39
Governance: 88 OEM: 64
Government take: 29
Granger: 78
L Offshore: 40, 47
Offshore development: 47
Grease: 64 Landscape: 76 Oil: 52, 82, 85, 87
Groundwater: 76 Laspeyres: 78 Oil & Gas: 45, 47
GTL: 68 Leadership: 49 Oil and gas processing: 47
Least square: 78 Oil companies: 22, 83
Legal: 82 Oil markets: 22, 60
H Legal framework: 28, 55
Leverage: 87
Oil products: 64
Oil treatment: 41
H2S: 45, 46 Liabilities: 29 Oil, water and gas treatment: 47
Hansen: 78 Liberalization: 68, 69, 76 OPEC: 52, 82
Hedge: 52 Linear: 78 Operating: 85
Hedging: 52, 53, 54, 68, 70 Linear programming: 58, 59, 60, 66 Operating conditions: 45
Heteroscedasticity: 78 Liquefaction: 48 Operating costs: 69
History: 52 Liquefaction plants: 69 Operation: 48
Host country: 31 LNG: 45, 46, 48, 68, 69, 70 Opérations: 45
HSE: 43 LNG carrier: 46 Operator: 64, 85
HSE culture: 49 LNG process simulation: 48 OPEX: 42
HSE management: 49 LNG processing: 48 Optimization: 59, 60, 61
HSE management system: 49 LNG tanker(s): 46, 69 Options: 53, 54
HSE objectives: 49 Local content: 32 Ordinary least square: 78
HSE planning: 49 Logging: 40 Organization: 43
HSE policy: 49 Logistics: 64 OTC: 54
Hubs: 70 Logistics plan: 65 Overview: 82
Human error: 49 Long term contracts: 53, 68, 69, 70
Human factors: 49 Lubricants: 64
Hydrates: 46, 76
Hydraulic fracturing: 76
P
Hydrocarbon: 40
Hydrocraker: 63 M Paasche: 78
Partner: 85
HYSYS™: 46
Management: 27, 54, 63, 66, 82, 43 Patrimonial: 31
Management commitment: 49 Patrimonial contracts: 28
I Management of change: 49
Management system review: 49
Payback: 87
Payroll: 83
Manufacturing: 64 Performance: 64
ICE: 54
Margin(s): 52, 59, 60, 82 Permit to work system: 49
IEA: 52, 82
Marginal costs: 61 Perron: 78
IFRS: 83
Market value: 70 Petrochemicals: 58, 76, 82
Incoterms: 52, 61
Market(s): 52, 53, 54, 64, 69, 70, 76, 82 Petroleum: 47, 52
Indexation: 68, 69, 70, 76
Marketing: 52, 58, 64, 66, 68, 76 Petroleum contract auditing: 86
Industrial: 64
MDEA: 46 Petroleum engineering: 41
Industry: 64, 82
Instrumentation: 47 Metering: 47 Petroleum law: 28
Insurances: 29 Methodology: 88 Petroleum products: 52, 59, 61
Internal: 88 Midstream: 52 Physical trading: 53
Internal auditing: 86 Mineral: 64 Pipeline: 46
Internal control: 86 Model: 64, 78 Planning: 54
Internal rate of return: 60 Modeling: 35, 87 Plant: 64
International: 83 Modes of supply: 65 Platts: 52
Inventories: 83 Monitoring: 49 Politic: 52
Investment profitability: 87 Multicollinearity: 78 Pollution: 76
Investment projects: 63 Portfolio optimization: 36
Investment(s): 27, 34, 36, 58, 66, 82 Practice: 88
Investor: 83 Price: 52, 76, 82
IOC: 82 Price formulae: 69
Keywords List
Pricing: 59, 64, 69, 70
PRO/II™: 46 S T
Procedure: 88
Process simulation: 47 Safety critical elements: 49 Take or pay: 68, 70, 82
Process units: 60 Safety engineering: 47, 48 Tariffs: 68
Procurement: 83 Sale: 64, 82 Tax: 85
Producer: 52 Sales agreements: 69 Tax holiday: 29
Product: 82 Sand: 76 Tax regime: 27, 28
Product valorization: 61 Scenario: 52, 82 Tax system: 34
Production: 27, 34, 40, 76, 82, 83 Scheduling: 43, 58, 59, 60 Taxation: 27, 34, 35, 38, 63, 87
Production sharing contract: 27, 29 SEC: 83 Technical assistance contract: 27
Professional conduct: 86 Sector: 64 Technical costs: 36
Profit and loss accounts: 59, 60 Securities: 83 Technical service contracts: 43
Profit maximization: 63 Sedimentary basin: 40 Technology: 47, 48
Profit oil: 29 Semi-finished products: 61 TEG (TriEthylen Glycol): 46
Profitability: 27, 36, 58, 63, 82 Sensitivity: 87 Test: 78
Profitability analysis: 35 Sensitivity analysis: 59, 63 Tight: 76
Profitability of success: 34 Service: 31, 85 Tornado: 87
Project: 47, 52, 76, 82, 87 Service contracts: 29 Trace: 78
Project engineer: 47 Shale: 76 Trade: 54
Project management: 27, 36, 38 Share: 83 Trading: 52, 53, 54, 58, 60, 66, 71
Project profitability: 47 Shareholder: 83 Transaction: 54
PSA: 31 Sharing: 52, 83 Transfer of rights: 29
PSC: 31, 85 Shipping: 53, 55, 82 Transmission: 64
Purchase: 54 Simplex: 59, 60 Transport: 46
Simulation: 31, 78 Transportation: 65
Sole risk: 29 Treatment: 47
R Specification: 82
Spider: 87
R2: 78
Spot: 53, 70, 82
Spot markets: 68, 69
U
Rate: 87 Stabilization: 45
Rating: 83 Unconventional: 76
Standard: 64, 83, 88 Unconventional gas: 68, 69
Real field development case study: 47 Standard-deviation: 78
Recoverable: 85 Unit yields: 61
State: 31, 85 Unitization: 33
Refinery: 52 State participation: 28
Refinery steam cracker: 63 Upgrading: 87
Static equipment: 47 Uplift: 29
Refining: 52, 58, 59, 60, 61, 66, 82 Statistic: 78
Refining margins: 61 Upstream: 27, 34, 35, 36, 52, 82, 85
Steering committee: 29 Upstream petroleum contract: 86
Regasification terminals: 69 Storage: 65, 68
Regimes: 28 US GAAP: 83
Strategic: 52 Utilities: 66
Regression: 78 Strategy(ies): 52, 54, 82
Regulation: 68 Student: 78
Reindustrialization: 76
Renewable: 80
Supervisor: 85
Supply: 52 V
Renewables: 23 Supply chain: 58, 65
Rent: 34, 52 Supply chain management: 65 Value: 54, 64, 83, 87
Rent sharing: 28 Surrender: 28, 29 Value creation: 63
Repayment: 87 Sustainable development: 80 VAR: 78
Report: 85 Swaps: 53, 54 Variable: 83
Reporting: 49, 52, 83 Sweetening: 45, 46 Venture: 31, 85
Reporting agencies: 53 Synthetic: 64 Volatility: 54
Requirement: 64
Reserves: 27, 52, 82, 83
Reservoir characterization: 40
Reservoir engineering: 39, 40
W
Reservoir engineering: 47 Water: 45, 47, 76
Responsibilities: 29 Well completion: 47
Ressources: 83 Well effluent: 45
Return: 83, 87 Well performance: 45, 47
Revenue: 83 Whit: 78
Rights and duties: 29 White certificate: 80
Ringfencing: 35 Wind: 80
Risk analysis: 27, 34, 35, 36, 63, 87 Work program: 29
Risk management: 49, 70 Working: 64, 83
Risk map: 49 Workshop: 82
Risk service contract: 27
Risk zones: 86
Risk(s): 27, 54, 82, 83, 85, 87
Risks: 47
Rotating machinery: 47
Round: 31
Rule: 88
92
Notes:
Economics & Management Division
Expertise: Energy Economics
Each year, the Economics & Management Division of IFP Training offers more than 2,000 professionals the opportunity
to acquire or develop an expertise in energy economics and financial management. The divison is equipped with a large
selection of short and long courses, certifications covering all parts of the Energy issues.
This division presents the industry with complete training solutions through:
public courses for technical staff and managers from Oil & Gas companies, banks and administrations,
In-house, short as well as long courses, tailor-made to meet specific needs,
international conferences which gather managers and leaders of the oil industry,
certifications.
Our Team,
Our Expertise
A number of faculty members and associate professors (former managers in the industry) are lecturers for the Economics
& Management Division, with the help of three administrative assistants. Furthermore, many industry professionals are
called upon to contribute their expertise to specific topics covered in our course programs.
Details of the team’s professional background and expertise are found below.
Evelyne BARTHELEMY has more than 25 years of international experience Jean-Philippe CUEILLE is in charge of the apprenticeship program at IFP
in refining. She was Head of Cost Department, Project Manager, Process School and is the former President of the International Association of
Engineer in BEICIP-FRANLAB, SOFRESID-SAIPEM and TECHNIP Energy Economist (IAEE)
Area of expertise: Refining Economics, Refining operations optimization, Area of expertise: Energy economics
project investment evaluation
Gilles DARMOIS is an Associate Professor and has held senior positions
Frédéric BAULE is an Associate Professor. He is a crude oil and product at Total, notably as vice-chairman in charge of financial activities in the
market specialist Exploration & Production division
Areas of expertise: Risk management for trading, supply, and marketing Areas of expertise: Finance in O&G industry, accounting and audit
activities
Bruno DE CORBIÈRE is an Associate Professor with a 20-year international
Pierre BOUILLON is an Associate Professor with a more than 25- year experience in petroleum product marketing at Texaco
career at Elf Exploration & Production, Sanofi and Total. He has held senior Area of expertise: Shipping
positions, notably in finance and audit
Mohamed Lyes DJENAOUI holds a Master of Energy Economics and is a
Areas of expertise: Internal audit, joint-ventures audit, and petroleum
Senior Petroleum Economist at IFP Training
accounting
Areas of expertise: Upstream economics and investment project analysis
Ezékiel BOYER is an Associate Professor currently working for the
Bernard DUVAL is an Associate Professor since 1995 after 35 years with
department in charge of international business development at Engie
Total. He has held senior positions in France and abroad, notably as Vice-
(GDF Suez)
Chairman in charge of Exploration
Area of expertise: Natural gas market liberalization
Areas of expertise: Upstream economics and risk analysis
Nadine BRET-ROUZAUT is the Director of the Center for Economics and
Karim FAÏD has 25 years of experience in teaching and economic
Management of IFP School
studies
Areas of expertise: Strategy and upstream economics
Areas of expertise: Upstream economics and investment projects analysis
Guillaume CHARON started his career as a financial analyst on the primary
Mustapha FAÏD has held many positions throughout his 35-year
and secondary markets for European oil and energy actors. He has had
career, notably as Gas Export Director then Vice President of Marketing
several missions on behalf of Oil & Gas companies and Governments in
and Development at Sonatrach. He was the General Director of the
the sectors of finance and strategy
Observatoire Méditerranéen de l’Energie (OME) and President of SPTEC
Areas of expertise: Energy markets, strategies of oil & gas actors, and
Advisory, a consulting firm
unconventional gas
Areas of expertise: Commercial negotiations and gas contracts
Sylvie CHEMINEAU holds a Master of International Economic and Financial
Jean-Pierre FAVENNEC is an expert and professor from IFP School with
Risk Management. Her professional experience includes Economic
a long experience in the economics and management of energy and
Analysis and Regulation of Gas Markets at Engie (GDF Suez)
especially oil
Areas of expertise: Oil & Gas geopolitics, Gas & LNG economics, and gas
Areas of expertise: Oil geopolitics, petroleum economics, refining
markets
economics
94
Thierry FERRER, Associate Professor, has 25 years of industry experience Pierre NOAILLY, Associate Professor, has an international experience in
at Shell and has served as President of Infineum France (JV Shell & Exxon) Downstream at Total. He was Supply, Refining Operations, Strategy &
Areas of expertise: Economics and management of the refining and Development Manager for Downstream in France, Asia and Africa
petrochemicals industries Area of expertise: Supply, Refining Economics
Marc GRANIER has a long standing experience of the petroleum industry Philippe ROCHOUX has spent most of his career at Total. He joined the
at ExxonMobil. He was the Refining Director at the Notre Dame de company in 1980 and occupied various positions mainly in the Exploration
Gravenchon ExxonMobil refinery in France, Executive Vice President at & Production Division in Finance in Europe & West Africa, and has held
the Yanbu refinery and Vice President of Chemicals in Riyadh in Saudi executive positions in Kazakhstan and Iran
Arabia. He has also served as Deputy General Director and International Areas of expertise: Finance and audit
Director at IFP Training
Michel ROMIEU has more than 30 years of international experience at
Areas of expertise: Refining and petrochemical economics
Total/Elf in the Exploration & Production sector and was the Director of
Lucien GUEZ has 28 years of experience at ExxonMobil in refining, supply Gas of the French Energy Regulation Commission
and international trading Areas of expertise: Upstream contracts and negotiations, development of
Areas of expertise: Petroleum economics, supply, and oil markets natural gas projects as well as natural gas marketing and regulation.
Paul JOATHON has more than 35 years of experience with Total where he Sylvie SAULNIER is the Director of the Economics & Management Division
held senior positions in upstream and in business development at IFP Training. In her 15-year career at Shell, she has held different
Areas of expertise: Negotiation, economical evaluation of projects, Joint positions in R&D, International Development and Finance & Strategy
Operating Agreements, petroleum contracts, boundaries issues, Joint Area of expertise: Downstream economics
Development Areas, unitization and certification
Gilles THERY is an Associate Professor with a 38-year international career
Véronique JUNQUA-SALANNE, Associate Professor, spent more than at ExxonMobil. He held senior positions such as Supply & Distribution
20 years working for the Total Group, in France and as an expatriate in Manager for Esso in France, Middle-East Refining Vice-President and
various countries (India, South Africa and Venezuela) European Logistics Business Development Manager for ExxonMobil
Areas of expertise: E&P contracts and project economics, strategy, and Areas of expertise: Supply and transport
human resources management.
Pierre TOGNET, Associate Professor, has more an 30 years international
Daniel KOSKAS is an Associate Professor, currently working as a legal experience at Shell and is an expert in Petroleum Economy, value creation,
auditor and a certified public accountant for international companies in decision support, risk management, model building, fiscal systems
the Oil & Gas sector Area of expertise: Upstream economics, investment projects analysis
Areas of expertise: Internal control and focused audits as well as legal
François VATIER, Associate Professor, has more than 30 years in Total. He
audits for the certification of financial statements
has many positions as Total representative and Manager in Europe, Africa
Christian LA MARRE, Associate Professor, has more than 35 years and Middle East
in international experience at Total, as General Manager in Total E&P Area of expertise: Upstream Economics, EP contract and negotiation
subsidiaries in Asia and Africa
Dominique VENET is an Associate Professor with a 30-year career at
Areas of expertise: EP contracts and procurement, Finance, Economics
Total and EDF. He has held senior positions in the upstream sector and
Frédéric LANTZ has supervised applied research projects related to linear business development in gas and LNG
programming and econometrics, first for Ifremer and then for IFP School Areas of expertise: Business development, financial engineering, and gas
Area of expertise: Quantitative methods contracts negotiations
Patrick MONIN, Associate Professor, has a 30 years Finance experience
at Shell. He has a broad operational, commercial and finance skills in
upstream and downstream activities
Areas of expertise: Finance, investment projects, Value assurance
management, M&A
Registration
Identify on the course program the course reference, the price, the location and the dates you are interested in; as well as the
contact name for registration.
So that your registration is done in the best conditions, please follow the procedure below:
3 weeks minimum before the beginning of the course → Please send the completed registration form
2 weeks minimum before the beginning of the course → Please make the full payment
- By check payable to IFP Training, 232 avenue Napoléon Bonaparte – 92852 RUEIL MALMAISON CEDEX
- By bank transfer to IFP Training
NATIXIS n° 30007 99999 04165583000 12
IBAN: FR76 3000 7999 9904 1655 8300 012 – NATXFRPPXXX
- Should a sponsoring organization (like OPCA in France) pay for the course, please specify it on the registration form.
Do not hesitate to contact us for a late registration.
Tuition fee includes instruction, documentation as well as meals and beverage breaks.
IFP Training will send to the authorized person indicated on the registration form:
- a written confirmation by mail
- one or several invitations for the participants
- useful information about the training course (access to the training center, training hours, etc.).
Who should you send your registration form to?

The registration form is found on page 103 and can be sent:
- by mail
- by email
- by fax
It must be sent to the entity organizing the course you have chosen. This entity appears at the bottom of
the course program. Please look at the next page to find the corresponding information.
Any registration means the acknowledgement and the acceptance of our General Sales Conditions (page 98).
96
Your Contacts
Exploration & Production
Geosciences Drilling & Completion Production & HSE
& Reservoir Engineering Rue Paul et Henri Courteault 232 avenue Napoléon Bonaparte
232 avenue Napoléon Bonaparte 64000 Pau - France 92852 Rueil-Malmaison Cedex - France
92852 Rueil-Malmaison Cedex - France Rachel DAUGAS Francisca FERNANDEZ
Valérie BERNARD-ESTÉVÈS Sandie LASSERRE Julia LE FLOCH
Nadia FERTANI Tel. + 33 (0)5 59 30 82 48 Tel. + 33 (0)1 41 39 11 60
Tel. + 33 (0)1 41 39 11 70 Fax + 33 (0)5 59 30 68 76 Fax + 33 (0)1 47 08 92 83
Fax + 33 (0)1 47 08 92 83 fp.pau@ifptraining.com exp.rueil@ifptraining.com
gre.rueil@ifptraining.com
Engineering & Project Management Production & HSE Pau

232 avenue Napoléon Bonaparte Rue Paul et Henri Courteault
92852 Rueil-Malmaison Cedex - France 64000 Pau - France
Manuela JOYAUX Marie-Élise MIQUEU
Tel. + 33 (0)1 41 39 11 80 Tel. + 33 (0)5 59 30 82 47
Fax + 33 (0)1 47 08 92 83 Fax + 33 (0)5 59 30 68 76
pl.rueil@ifptraining.com exp.pau@ifptraining.com
Refining & Chemicals

RC Lillebonne RC Martigues RC Rueil
Immeuble Futura 1 Le Bâteau Blanc – Bât. C 232 avenue Napoléon Bonaparte
Rue A. Desgenetais Chemin de Paradis 92852 Rueil-Malmaison Cedex - France
76170 Lillebonne - France 13500 Martigues - France Éliane CHU
Anne BUCH Véronique COUTURIER Claudine SAMSON
Angèle SAINT-LÉGER Christine GRUNER Tel. + 33 (0)1 41 39 11 00
Tel. + 33 (0)2 35 39 60 77 Tel. + 33 (0)4 42 44 43 00 Fax + 33 (0)1 47 08 92 83
Fax + 33 (0)2 35 38 62 03 Fax + 33 (0)4 42 80 61 20 rc.contact@ifptraining.com
rc.contact@ifptraining.com rc.contact@ifptraining.com
RC Solaize CFA Lillebonne

Rond-point de l’échangeur de Solaize – BP Immeuble Futura 1
369360 Solaize - France Rue A. Desgenetais
Françoise ANTON 76170 Lillebonne - France
Tel. + 33 (0)4 37 37 68 20 Angèle SAINT-LÉGER
rc.contact@ifptraining.com Tel. + 33 (0)2 35 39 60 70
Fax + 33 (0)2 35 38 62 03
op.certif@ifptraining.com
IC Engines & Lubricants Economics & Management

232 avenue Napoléon Bonaparte 232 avenue Napoléon Bonaparte
92852 Rueil-Malmaison Cedex - France 92852 Rueil-Malmaison Cedex - France
Yamina RIGHI Karine STROCK
Coralie BOULANGER
Tel. + 33 (0)1 41 39 12 00
Fana DIOUF
Fax + 33 (0)1 47 08 92 83
ml.contact@ifptraining.com Tel. + 33 (0)1 41 39 10 80
Fax + 33 (0)1 47 08 92 83
eco.rueil@ifptraining.com
General Terms of Sale
1. Purpose and scope 3. Invoicing and payment

The purpose of these General Conditions of Sale is to define, both in 3.1. Price
France and internationally:  For In-house training sessions
- on the one hand, the organization and implementation of intra-company Invoicing and payment schedule is defined in the commercial proposal.
training sessions by IFP Training on behalf of the Client (hereinafter the Unless indicated otherwise in said proposal, quoted prices are in Euros
“Client”), signatory of the Training Order defined below; and exclusive of taxes; VAT at the applicable rate and/or any possible
- on the other hand, the general conditions for participation in the inter- duties and/or taxes withheld at the source according to the applicable
company training sessions organized by IFP Training. legislation shall be added. Prices are firm and not subject to revision.
 For Public training sessions
2. Order provisions Enrolment fees cover training (teaching, practical activities, simulators
Every request is placed on the basis of an IFP Training commercial and other IT tools, documentation, supplies) as well as break-time related
proposal (serving as the special terms for the present General Terms of costs (refreshments). And do not cover transport and accommodation.
Sale), particularly setting specific conditions for training services to be The price on the order form is indicated in Euros, tax not included. VAT
provided, the price and the payment terms (hereafter the Training Order). at the current rate will be added to the indicated price plus any other
 For In-house training sessions withholding taxes. All training sessions, once started, have to be paid in
Unless indicated otherwise, IFP Training commercial proposals are valid full. Upon request, IFP Training may decide to apply reduced enrolment
for a three-month (3) period from the date of dispatch of the IFP Training fees for job seekers.
commercial proposal to the client.
The Training Order shall be submitted by the Client at least five (5) weeks 3.2. Payment
before the starting date of the first requested session. IFP Training Payment will be made by bank transfer to the beneficiary IFP Training:
reserves the right to refuse late orders. NATIXIS account No. 30007 99999 04165583000 12
The Training Order will be binding upon IFP Training once IFP Training IBAN: FR76 3000 7999 9904 1655 8300 012 – BIC: NATXFRPPXXX
has received the following documents:  Payment by a third party organization (such as accredited collecting
- the IFP Training commercial proposal initialed on each page, with funds for training): if Client makes a third party pay for the training,
the last page containing the handwritten indication “Accepted and it must so inform IFP Training at the time of the Training Order. In
Agreed”, as well as the Client’s signature and commercial stamp, if this case, IFP Training will make its reasonable efforts to provide
any; the documents requested by the Client (possible translation at the
- these General Terms of Sale with initials on each page; Client’s expense). The Client will ensure that payment is made by that
- contact details of the invoice’s recipient, and all information to be third party. In case of non-payment or partial payment by said third
contained in the invoice. party for any reason whatsoever, all sums not received by IFP Training
As such, the Training Order is made up of the following documents, in on the due date will be borne by the Client.
decreasing order of priority:  For Public training sessions, the training session will only be
1. IFP Training commercial proposal; accessible to the Client once that IFP Training has been paid in full.
2. IFP Training General Terms of Sale; By check to the order of:
3. all other documents referred to in the IFP Training commercial IFP Training - 232, Avenue Napoléon Bonaparte
proposal.
F-92852 Rueil‑Malmaison Cedex
Client’s acceptance of the IFP Training commercial proposal constitutes
Via bank transfer to IFP Training above mentioned account.
its firm and definitive commitment to the Training Order and implies the
A duplicate is available provided that the Client requested it on the
non-applicability of its own general terms of purchase, even if mentioned
enrolment form.
in the Client purchase request.
If the Client wishes to pay using a sponsoring organization, the
 For Public training sessions
following procedures should be followed:
All inscriptions to training sessions shall be carried out three (3) weeks
- before the start of the session, a request for direct billing should be
prior to the session start date. IFP Training reserves itself the right to
issued and accepted;
accept late enrolment. The number of participants per session is limited.
- this shall be indicated explicitly on the enrolment form;
Enrolment will be confirmed once the organization center receives a fully
complete enrolment form via email, fax or mail. Incomplete enrolment - the Client ensures the completion of payment by the designated
forms will not be accepted. Enrolment will be final once payment has organization.
been received in full or once an acceptance certificate from a sponsoring IFP Training will provide the Client with all documents needed to make
organization has been received. a sponsoring request.
All enrolments are considered as accepted orders as soon as the If the sponsoring organization only bears part of the training cost, the
enrolment confirmation issued by IFP Training has been received and remaining amount will be charged to the Client. Only payments by
implies the client’s full commitment to these Terms & Conditions which sponsoring organizations before the first day of training will ensure
prevail over all other Client documents, including general purchasing enrolment and access to the training.
conditions. If, for whatever reason, the sponsoring organization doesn’t pay, the
If the entire cost of the session is not paid two (2) weeks before the Client will be charged the full training amount. At the end of the session
training session begins, IFP Training reserves itself the right to reopen to IFP Training will send the sponsoring organization an invoice along with
registration the places booked by the Client, after having informed them. a copy of the certificate of attendance signed by the participant.
If full payment is received IFP Training will, at least two (2) weeks prior 3.3 Late payment
to the start of the session, send a letter to the Client designated on the Pursuant to the provisions of article L441-6 of the French Commercial
form to confirm their enrolment. A personal invitation will be attached to code, all sums not paid on their due date will require Client to pay late
the letter and which provides all practical information about the session payment penalties equal to three (3) times the French legal interest rate.
(schedule, directions, etc.).
98
These penalties are due until full payment. In the event of late payment, The payments received will be fully refunded. No compensation on
the Client will also owe to IFP Training a fixed compensation of forty (€40) behalf of IFP Training will be given to the Client due to cancellation or
Euros for collection costs. Should collection costs be higher than such postponement of a session.
fixed compensation, IFP Training can demand additional compensation 4.2 Modification of services
from the Client by providing supporting proof. Any modification of the training services requires an amendment to the
IFP Training also reserves the right to interrupt the performance of the Training Order.
services if an invoice is not paid on or before the due date, without IFP Training must be given prior written notification of any change of
prejudice to any other recourse. the number of session participants, such changes being subject to the
following conditions:
4. Cancellation and deferral - Modification of services - Any downward adjustment of the number of the Client’s session
4.1 Cancellation and deferral conditions participants can be considered by IFP Training as a partial cancellation
 For In-house training sessions, of the session in question and will thereby be managed according to
By the Client: Any request for cancellation or deferral of all or part of the rules listed in article 4.1 (i) that will be applied to the unit cost
the Training Order by Client shall be notified to IFP Training in writing, per participant indicated in the commercial proposal (or, failing that,
with acknowledgment of receipt, no later than three (3) weeks before by dividing the total Training Order amount by the number of Client’s
the session date. This three (3) week delay is counted from the date of participants).
reception by IFP Training of said request. - Any additional participant will be subject to prior approval of
(i) In case of deferral: IFP Training and to an additional commercial proposal.
Any deferral requested less than three (3) weeks before the session - Any request for a change of the number of participants must be
date will be considered by IFP Training as a session cancellation. The submitted to IFP Training no later than one (1) week before the
conditions of (ii) or (iii) below will then apply. concerned session date.
(ii) In case of partial cancellation of the Training Order (i.e. cancellation Client can replace a participant with another, after notifying IFP Training.
of one or more sessions):
For any Training Order or part thereof cancelled while giving the 5. Conditions for performance of the services
required three-weeks prior written notice, the Client will only pay To fulfill the Training Order, IFP Training will perform the services
the expenses already incurred by IFP Training (including internal proposed at the commercial proposal accepted by Client through
preparation costs) that cannot be deferred. qualified trainers.
For any session cancelled between one and three (3) weeks before  Performance site:
the session date, the Client will have to pay 60% of the price of the The site where the training services will be performed is indicated in the
cancelled session. Training Order. Should the training be provided outside of an IFP Training
For any session cancelled with a notice given less than one (1) week site, the Client will ensure the access of IFP Training and its trainers to
before the session date, the Client will have to pay 100% of the the premises where the sessions will be held, and will provide them with
cancelled session’s price. all material and equipment (i.e. computer, projector, screen…) needed
Full payment is required for every session performed, however partial. for the performance of the services on the site in accordance with
The Training Order will remain valid for all non-cancelled sessions. IFP Training specifications.
(iii) In case of the Training Order’s total cancellation:  Client’s information required for the performance of the services:
The provisions of (i) will be applicable to the entirely cancelled Client will provide IFP Training with the information and data specified in
Training Order and to the total price of the Training Order. IFP Training commercial proposal, as well as all information needed to
By IFP Training: IFP Training reserves the right to cancel or defer facilitate the services’ performance.
any session providing a three-(3) week prior notice, by e-mail, fax In case of late delivery of said needed information, IFP Training may
or letter. No compensation will be paid to the Client but IFP Training decide to defer the concerned sessions and shall so inform the Client.
undertakes to agree with Client on a new session date within four (4) In this case, IFP Training and the Client will jointly agree on new dates
months. for these sessions.
 For Public training sessions All data and information provided by the Client will be kept confidential
By the Client: Cancellation by the Client shall be sent in writing to by IFP Training. At the Client’s written request, such data and information
IFP Training. In the eventuality of a cancellation, even due to force can be returned to the latter at the end of the Training Order.
majeure, less than 14 calendar days before the beginning to the session, The Client bears sole responsibility for the data and information that it
50% of the enrolment fee will be charged by IFP Training, except if a provides to IFP Training for the performance of services. The data and
participant from the same company takes the participant’s place. Such information provided by the Client remain its property.
a replacement must be communicated to IFP Training and confirmed by
sending a new enrolment form.
In case of non-cancelled enrolments (including absenteeism or dropout),
100% of the enrolment fee will be charged by IFP Training. In case of
an unforeseen departure, justified by the Client, the participant may
be authorized to take part in a later session with the prior consent of
IFP Training.
By IFP Training: IFP Training reserves itself the right to cancel or postpone
a session, especially if there are an insufficient number of participants.
The Client will be notified by telephone at least 2 weeks before the
session was due to begin. The cancellation will be confirmed in writing.
General Terms of Sale
6. Information technology and freedoms shall inform the other Party/(ies), as quickly as possible by any means,
Information of a personal nature provided by the Client to IFP Training confirmed in writing by the dispatching of registered letter with an
for the performance of the session may be communicated to the acknowledgement of receipt, within a five (5) working days period
contractual partners of IFP Training and to the trainers for the purposes following the occurrence of said event, indicating the nature of its
of the services. Pursuant to the provisions of French law No. 78- 17 circumstances and, as far as possible, its estimated duration and the
of January 6th 1978, the persons in question can at any time exercise extent of the impediment.
their rights to access, oppose and rectify said information within the This Force Majeure event shall result in the suspension for the prevented
IFP Training files. Party and/or any other Party which is directly impacted by said event
of its obligations under the Contract. Therefore, no Party shall be held
7. Property rights to the pedagogical documents liable for the delay in the execution, or for the inexecution of all or part of
The Client is subjected to confidentiality obligations concerning its obligations under the Contract is this delay or this inexecution is due
all documents and information communicated during the session, to the occurrence of a Force Majeure event
regardless of their medium, which are indicated as confidential. The The Party having invoked the Force Majeure event shall :
Client shall ensure that all their staff and more generally speaking all - make its best efforts in order to limit and/or mitigate as much as
people in contact with IFP Training comply with this obligation. possible its consequences in order to timely resume the execution of
All pedagogical documents and information provided by IFP Training the Contract;
with regard to the training sessions belong to IFP Training and/or to - continue the execution of the contractual obligations that are not
its contractual partners and/or its trainers, and any use, disclosure affected by the Force Majeure event ;
or copying of them is prohibited without the prior written approval of - inform the other Party/(ies) in writing of its termination.
IFP Training. The suspended obligations shall be executed again as soon as the
Under no circumstance may this agreement be construed as IFP Training Force Majeure event has ceased. The contractual deadlines shall be
formally or implicitly granting any rights or promise of granting rights to extended by the duration of said event. Should the effects of the Force
the Client, for the reproduction, adaptation, modification, representation Majeure event continue beyond a thirty (30) working days period from its
or distribution, directly or indirectly, by the Client, in any form whatsoever, occurrence, the Parties shall seek to reach agreement in order to decide
of whole or part of the pedagogical documents produced by IFP Training on the further course of action for the execution of the Contract.
and/or of the information contained therein, intended for its personnel In case of a Force Majeure occurrence lasting more than thirty (30)
not participating in the session or for third parties; in particular, any consecutive days, the Party faced with such Force Majeure occurrence
use for marketing purposes or organization or performance of trainings can immediately terminate, by the dispatching of registered letter with an
(including internal) is formally prohibited. acknowledgement of receipt, the Training Order, without compensation
The Client is responsible for all unauthorized use, copying or distribution to the other Party.
of the pedagogical information or documents belonging to IFP Training,
its contractual partners and/or its trainers, provided by IFP Training 11. Termination
within the framework of the training sessions. The Training Order may be terminated by either of the Parties in the event
The Client undertakes not to remove the copyright notices included on of non-performance by the other Party of one or more of its obligations
the pedagogical documents provided by IFP Training. in accordance with the Training Order. Termination shall only become
effective one (1) months after the dispatching by the Party claiming
8. Advertising non-performance of a registered letter with acknowledgement of receipt
Any use by Client of the “IFP Training” name for promotional or unless the breaching Party has cured its non-performance.
advertising purposes must have received the prior written approval of
IFP Training. 12. Liability - Insurance
IFP Training reserves the right to mention the Client as being one of Except in case of willful misconduct, IFP Training and the Client will
the IFP Training Clients for advertising purposes, on any support and respectively deal with the consequences of accidents that may occur
medium. during the performance of the Training Order and involving their
own personnel, including the session participants that they directly
9. Undeclared labor - Subcontracting or indirectly employ as well as their property or any property in their
IFP Training fully complies with French labor, fiscal and social laws custody, irrespective of the author of the damages.
pertaining to its trainers. Accordingly, each party waives any recourse against the other for any
IFP Training may subcontract the performance of part of the training damages caused to persons and property, except in case of willful
services to qualified partners, who shall also comply with French misconduct.
labor, fiscal and social laws pertaining to their trainers. In no way does Each Party shall be solely liable for any loss, damage or injury to third
subcontracting release IFP Training from its obligations and liabilities parties resulting from the performance of the said Party’s obligations by
pursuant to the present General Terms of Sale. it or on its behalf under the Training Order.
Moreover, under no circumstances can IFP Training be held liable for any
10. Force majeure financial, commercial or other damage directly or indirectly caused by
For the purposes of this Contract, the term force majeure (hereinafter the use of any information provided by IFP Training within the framework
referred to as “Force Majeure”) shall have the definition provided for in of the training sessions.
Article 1218 paragraph 1 of the Civil Code. In all other cases, Client acknowledges that the liability of IFP Training is
The Parties agree to consider as a Force Majeure event notably extreme strictly limited, for direct damages, to the price of the Training Order and
weather conditions, lightning or fire, any requirement demanded for the excludes any indirect damages.
protection of public safety, strikes, social movements from the personnel In view of the above provisions, IFP Training and the Client shall ensure
of the prevented Party or from the personnel of its subcontractor(s). that their respective insurers waive any subrogation rights against the
The Party that is prevented from executing its obligations under the Parties. Should IFP Training or Client fail to ensure this waiver, the
present Contract because of the occurring of a Force Majeure event defaulting party will bear the financial consequences.
100
Client undertakes to obtain and maintain, for the duration of the session
and at its own expenses, the validity of all insurance policies needed
in order to cover the risks, liabilities, direct or indirect damages and
illnesses that could be suffered by the participant(s), its personnel or its
property, obtained from duly solvent insurance companies.
At its expenses, IFP Training undertakes to subscribe and maintain the
validity of the insurance needed for the coverage of its liabilities under
the Training Order.
13. Miscellaneous provisions - Disputes

Any failure, delay or concession by either Party in the exercise of its
rights or any part thereof under the Training Order shall not be construed
as a waiver of such rights or affect the validity of the Training Order or
any part thereof.
Should one or more provisions herein be prohibited by, or is unlawful
under, or is unenforceable under any applicable law or order or final legal
decision, it/they will be considered as null and void. However, the other
provisions will remain in full force and effect.
Any notice by registered letter with acknowledgment of receipt will be
considered as having been sent on the date appearing on the postal
stamp.
At the end of the training session and/or in case of early termination of
the Training Order for any reason whatsoever, the provisions of 6, 7, 8,
12 and 13 will continue to apply.
The present General Terms of Sale are governed by French law. Any
dispute not amicably resolved between the Parties within one (1) month
and relating to the validity, performance or interpretation of the present
General Terms of Sale will be brought before the jurisdiction of the
Nanterre Commercial Court, including in case of multiple defendants.
Notes:
102
Registration Form
Course Title:
Course Reference: /
Session Date: / / - / / Location:
Purchaser Information
Mr. Ms. First Name: Last Name:
Company: Job Title:
Address:
City: State/Region/Province: Country:
Postal: Email: Phone:
VAT Registration Number:
PO / Reference Number:
Siret (French Company):
Participant Details
Company: Job Title:
Address:
Invoicing Details (to be sent to: Company Other)
Company: Job Title:
Address:
PO / Reference Number:
Additional documents to be sent with invoice:

Company Stamp & Signature
Attendance Sheet
Course Assessment by the Participant
Duplicate Invoice
Others (please specify):
I have read and agree to the Terms & Conditions.

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A word from

YOUR TALENT, Certification.

Technical Fields ................................................................................................................. 21 to 88

Keywords List ................................................................................................................................. 90

Terms & Conditions ..................................................................................................................... 98

Registration form ........................................................................................................................ 103

Some subsidiaries of the group:

EXPLORATION REFINING IC ENGINES ECONOMICS

GENERAL UPSTREAM PRODUCTS, PROCESSES ENGINE DESIGN UPSTREAM ECONOMICS

In compliance with quality standards

Detailed programs are available upon request.

Public Courses Scheduled

A Certification for Every Professional

A Global Approach to Accreditation

This global accreditation, constantly monitored by us, includes three levels:

Master’s Degrees & Graduate Diplomas from IFP School

COACHING TRAINING PLAN

AUDIT OF TRAINING DESIGN & MANAGEMENT

Clear Career Paths

A Certification for Every Professional

The Certification Process

Selection Training Assessment Certification

The Benefits of IFP Training Certification

EFFICIENT & DYNAMIC

Our solution is based on four fundamental principles

COMPETENCY - INDEPENDENCE - TRANSPARENCY - IMPARTIALITY

Certification IFP Training

Training Center Accredited by IFP Training

Some advantages of being accreditated:

Competency & Career Planning

A continuous quality-enhancement cycle

The PEPS Method

Innovative Educational Tools

Training games applied to the Oil & Gas sector

International Oil Summit 1d 19 April Paris €990 PEH/IOS 22

International Gas & Power Summit 1d 22 November Paris €990 PEH/IGS 23

E&P Companies in Changing Environment 1d In-house course EAM/ICCE 26

Upstream Economics & Management 15 d In-house course EAM/UEM 27

Contractual Framework of Exploration & Production 3d 15 - 17 May Rueil €2,380 EAM/CFEP 28

Production Sharing & Joint Operating Agreements 3d In-house course EAM/PSA 29

Negotiation of Exploration-Production Contracts 4d 22 - 25 May Rueil €4,040 EAM/EPCN 31

Operating under “Local Content” 3d 17 - 19 December Rueil €3,020 EAM/OLC 32

Oil Fields Unitization 3d 5 - 7 December Rueil €3,020 EAM/UNITZ 33

Economic Framework of Exploration-Production 5d 9 - 13 April Rueil €3,640 EAM/EFEP 34

Practice of Exploration-Production Contracts Economic Modeling 4d In-house course EAM/PCM 35

NEW Upstream Economist Certification 30 d In-house course EAM/UEC 37

Upstream Economics & Management Certification 60 d In-house course EAM/UEMC 38

Upstream Module 60 d 3 January - 6 April Rueil €12,980 EAM/UPM 39

24 - 28 September Rueil €3,570

19 - 23 February Rueil €3,580

Estimation & Cost Control Certification 5d 8 - 12 October Rueil €3,570 EPM/COSTGB 42

11 - 15 June Rueil €3,570

Fundamentals of Production 2d In-house course GEN/PRODCHAIN 44

Oil & Gas Field Processing 5d 26 - 30 November Rueil €3,570 PROC/OGFP 45

Natural Gas 5d 8 - 12 October Rueil €3,570 PROD/NATGAS 46

Petroleum Engineering Certification 100 d In-house course PROD/PETROLENG 47

LNG Processing Engineer Certification 60 d In-house course PROC/LNGENG 48

HSE Management 5d 5 - 9 November Pau €3,570 HSE/HSEMGT 49

Overview of Petroleum Economics 4d 4 - 7 December Rueil €2,530 TRT/OPE 52

Economics & Management Courses 2018

Economics & Management Courses 2018

Economics & Management Courses 2018

Some subsidiaries of the group:

Training games applied to the Oil & Gas sector