Training Course in Performance Evaluation and Decision-Making for Oil Projects
1Summary
The United States alone consumes roughly a quarter of the world's estimated 80 million barrels of daily oil production — which gives a sense of just how much is riding on oil projects being managed and evaluated correctly. A single error in extraction can trigger environmental and social pollution that outlasts the project itself, which is exactly why project evaluation tools matter so much in this industry. This training course from the Arab British Fellowship Training Academy is built for anyone looking to gain broad experience across oil and gas operations, with a focus on assessing project performance and protecting the environment from spill-related pollution.
Oil, often called black gold, is a flammable, dark liquid with a greenish tint found in the upper layer of the Earth's crust, made up of a complex mix of hydrocarbons. Its appearance, composition, and purity vary depending on where it is extracted, and it remains one of the world's most important primary energy sources — burned to generate electricity, run factories, and power transportation.
2Objectives and target group
Who Should Attend?
- Directors and owners of oil extraction fields and projects.
- Supervisory staff in oil departments, and petroleum engineers.
- Staff in petroleum facilities security and environmental control services.
- Work quality control staff in oil facilities.
- Accounting department directors in oil, gas, and petrochemical companies.
- Employees of environmental state institutions.
By the end of this course, participants will be able to:
- Build experience in managing oil projects.
- Maintain high-quality performance standards across oil projects.
- Achieve the highest levels of occupational and environmental health and safety within oil projects.
3Course Content
Module 1: Understanding Oil — Formation, Extraction, and Environmental Impact
- How oil forms, and the processes of excavation and extraction.
- The effect of oil leaks on surrounding environments.
- Formation, drilling, and extraction of oil and natural gas.
Module 2: Internal Audit and Control Foundations
- The definition and importance of internal audit.
- Internal control systems relevant to oil operations.
Module 3: Costing and Financial Tracking Across Oil Operations
- Listing and preparing financial statements for costs in oil facilities and extraction operations.
- Building accounting skills for the costs of stored petroleum reserves.
- Advanced skills for preparing and drafting refinery cost estimates.
- Creative methods and solutions for reducing overall extraction and derivative costs.
Module 4: Managing Contamination and Protecting the Environment
- Causes of oil contamination and the sources of oil leaks.
- The foundations and conditions needed for protection methods to succeed.
- Reviewing case examples of real accidents.
Module 5: Health, Safety, and Risk Evaluation for Better Decisions
- Establishing and developing the quality of the occupational health and safety management system.
- Setting up joint arrangements for occupational health and safety management.
- Creating and developing risk identification, assessment, and control procedures.
- Evaluating information and data sources about the work environment to identify hazardous tasks and conditions.
- Analyzing the work environment and working to eliminate negative impacts on oil production.