Oil and Gas Operation for Oil and Gas Non-Technical Staff â€œ Incorporating Oil and Gas SafetyHRODC Postgraduate Training Institute
£ 4,800 - (Rs 3,95,702)
- At 10 venues
Frequent Asked Questions
Degree or Work Experience
What you'll learn on the course
General Contents, Concepts and Issues
Oil and Gas Conceptual and Contextual Exploration
Introducing the Oil Subsectors
Horizontal, Vertical and Full Integration activities, including:
- Exploring for oil and gas
- Developing fields
- Producing oil and gas
- Mining oil sands
- Extracting bitumen
- Liquefying gas by cooling (LNG)
- Regasifying LNG
- Converting gas to liquid products (GTL)
- Generating wind energy
Downstream activities including:
- Re Ã‚Â¬Ã‚Âning oil into fuels and lubricants
- Producing petrochemicals
- Developing bio fuels
- Retail sales
- Managing CO2 emissions
- Supply and distribution
- Business-to-business sales
Exploring Vertical Integration, in relation to the following potentially advantages:
Reduction in transportation costs, where common ownership results in closer geographic proximity.
Improvement in the supply chain coordination.
Provision of more opportunities to differentiate by means of increased control over inputs.
Capturing of upstream or downstream profit margins.
Increasing entry barriers to potential competitors, for example, sole access to a scarce resource.
Gaining access to downstream distribution channels that otherwise would be inaccessible.
Facilitating investment in highly specialised assets in which upstream or downstream players may be reluctant to invest.
Exploiting core competencies.
Capacity balancing issues. For example, building excess upstream capacity to ensure that its downstream operations have sufficient supply under all demands.
Increased flexibility to coordinate vertically-related activities may increase
Addressing Vertical Integration, with respect to the following potential disadvantages:
Potentially higher costs due to low efficiencies resulting from lack of supplier competition.
Decreased flexibility due to previous upstream or downstream investments
Decreased ability to increase product variety if significant in-house development is required.
Developing new core competencies may compromise existing competencies.
Increased bureaucratic costs.
Factors favouring horizontal integration, including:
Taxes and regulations on market transactions are simplified
Obstacles to the formulation and monitoring of contracts.
Strategic similarity between the vertically-related activities.
Sufficiently large production quantities so that the firm can Benefit from economies of scale.
Creation of barriers of entry, resulting in the reluctance of other firms to make investments specific to the sector of the industry larger firms operate in