Oil and Gas
Oil and Gas | Oil and Gas Fundamentals
Introduction to the Downstream Petroleum Industry
This course has been designed for downstream (refining, transportation, and marketing) sector employees, suppliers, government regulators, industrial petroleum buyers, or others interested in gaining a broad understanding of the refining, supply, and marketing of petroleum products. The course provides a North American perspective on this industry describing its infrastructure, processes, logistics, regulatory aspects, and future challenges.
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Schedule
Duration and Training Method
This is a classroom or virtual classroom course comprising lectures, case studies, and practical exercises.
Course Overview
Learning Outcomes
Participants will learn to:
- Develop a broad understanding of the key elements of refining: processes, infrastructure and issues.
- Explain petroleum basics: types, uses, and characteristics.
- Understand the principles of petroleum supply: how production is managed to meet market demands.
- Understand how petroleum products are distributed across the continent.
- Characterize the issues and challenges surrounding petroleum products, alternative fuels and engine technologies, and the environment.
- Develop an understanding of the key players and infrastructure involved in petroleum marketing.
- Examine and evaluate petroleum pump prices using the “Pump Price Margin Model” and through historical analysis of price data.
- Better understand issues pertaining to the downstream petroleum sector and the public, particularly in regards to pricing and price regulation.
- Develop a holistic understanding of the entire downstream petroleum industry.
Course Content
Key topics:
- Introduction: What is “Downstream”?
- Crude Overview
- Refining Basics: Processes, Infrastructure and Issues
- Petroleum Basics: Types, Uses, and Characteristics
- Supply: Managing Production to Meet Demand
- Distribution: Moving Petroleum across the Continent
- Petroleum Products and the Environment: Issues and Challenges
- Marketing Overview: The Players and Infrastructure
- Understanding Pump Prices - The Pump Price Margin Model
- The Downstream Sector and the Public: Prices and Regulation
- Understanding Pump Prices - Historical and Comparative Views
- The Future of the Downstream Petroleum Industry
Who Should Attend and Prerequisites
A wide range of participants have found the understanding gained to be invaluable: downstream industry employees; upstream producers; suppliers to the downstream sector; government regulators; industrial petroleum buyers; and anyone else who requires a broad understanding of the refining, supply, and marketing of petroleum products.