# Oil and Gas Industry Fundamentals

> Understand the oil and gas value chain, contracts, economics and regulation.

- **Provider:** Afriskora Training Solutions
- **Category:** Oil, Gas, Mining & Energy
- **Duration:** 5 days
- **Formats:** classroom (cities across Africa), live virtual (Zoom/Teams), in-house for teams
- **Certificate:** Afriskora Certificate of Completion, verifiable online
- **Booking:** request dates and a quote; invoice and EFT payment
- **Web page:** https://afriskora.co.za/courses/oil-gas-mining-energy/oil-and-gas-fundamentals
- **Request dates:** https://afriskora.co.za/request-training?course=oil-and-gas-fundamentals

## Overview

This course gives a complete overview of the petroleum industry from exploration to retail: geology and production basics, upstream contracts, midstream and downstream operations, petroleum economics, regulation and local content, with a focus on African producers.

## Who should attend

- New industry entrants
- Government and regulator staff
- Finance, legal and commercial professionals
- Service company staff

## Learning outcomes

- Explain the petroleum value chain
- Understand upstream contracts and fiscal terms
- Analyse petroleum project economics
- Describe regulation and local content policies
- Identify industry risks and trends

## Course outline

### Day 1: Upstream basics

- Petroleum geology
- Exploration and drilling
- Production
- Reserves

### Day 2: Contracts and fiscal terms

- Licensing rounds
- PSCs and concessions
- Fiscal terms
- Joint ventures

### Day 3: Midstream and downstream

- Pipelines and storage
- Refining
- Gas and LNG
- Retail and pricing

### Day 4: Economics

- Project economics
- Oil price drivers
- Revenue management
- Energy transition impact

### Day 5: Regulation and local content

- Regulatory frameworks
- HSE regulation
- Local content
- Industry outlook