About the Oil & Gas Upstream training

In the mid-19th century, the world was lit by whale oil, but kerosene was quickly rising as an alternative fuel. Kerosene could be made from crude oil, which seeped naturally from the ground in small quantities. Investors figured that there was more crude oil in underground deposits - enough to make kerosene at commercial levels. And they were right - drilling wells allowed them to tap into those deposits.

Since then, Oil & Gas has grown into one of the world’s largest industries. And drilling wells - and everything else needed to extract and sell oil and gas - falls under its Upstream segment.

This primer will explore the journey of hydrocarbons from underground deposits to global markets, diving into the activities, economics, and industry players that supply the world with these critical commodities.

Learning objectives

In this Primer, you will learn:

· What are the different types of oil and gas deposits?

· What are the key activities to get oil and gas from deposits to markets?

· How are these activities organized into projects?

· What drives the costs of each project?

· What companies are involved?

· What determines oil and gas prices?

· How do prices impact company decisions?