Exploration & Production Business Simulation
Technical & Commercial Business Management
Course Introduction
This three day E&P Business Simulation training course is designed for groups working within the E&P sector to experience the process of formulating a medium term E&P Business Plan. The course will draw on technical, commercial and management skills as the teams work on building a 5-year plan for a business comprising of producing assets, appraised and unapprised discoveries, several exploration opportunities, and limited infrastructure. The portfolio includes both Gas and Oil assets and the plan encompasses not only the commercial issues of exploration & production but also the social and infrastructural issues of progressing E&P projects.
This course is run as a business simulation, with groups of attendees working in teams, supported and guided by two experienced tutors. The groups spend the three days working through the portfolio and formulating their business plans against an evolving series of technical, commercial and social in-country issues, and at the end of the course present the business plan to the group.
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Course Description
The E&P Business Simulation is based on a fictitious federation in Asia, with a social, political, environmental and economic background fully described in a team brief. Course participants will be separated into small teams who will work in parallel to establish a 5-year business plan for the further development of the region.
Access to finance is limited, and cash flow planning becomes critical as the groups determine how to plan an exploration, appraisal and development budget with the limited revenue from their producing assets. As the simulation progresses, various changes are introduced to external parameters such as oil price, environmental legislation and political pressures, and the teams are required to respond to these. The successful group will be able to integrate the technical, commercial, financial issues as well as the external environment factors.
‘Expertise’ can be sought by the teams, in the shape of the tutors on-site, who will role play the various in-country agencies, or act as in-country consultants, as required. The tutors also ensure that the teams keep on-track and will provide necessary technical and commercial detail to assist the simulation. Spreadsheets for production forecasting and economic analysis of the production sharing environment are provided for use during the course.
On completion, course participants will be able to:
o Apply a systematic approach to the analysis and valuation of assets at each stages of the Field Life Cycle (FLC)
o Define activity plans for assets throughout the Field Life Cycle
o Identify, quantify and mitigate risk and uncertainty
o Incorporate technical, commercial and other uncertainties into business decision making.
o Optimise a technical plan for the company’s assets, trading off high value activities against low value activities.
o Develop a commercial case for the chosen technical plan and path.
Target Attendees
The course is designed for a mixture of mid-level experienced Petro Technical (professionals from Exploration, Development, Drilling, Production) and Business staff who are seeking to develop portfolio management skills. The course has previously been of benefit both to commercial staff, who have an interest in understanding the linkages between subsurface and surface engineering issues, and also to geosciences and engineering professionals seeking a deeper understanding of commercial issues surrounding E&P projects.
Attend as a multi-disciplinary team to maximise your learning experience. Special team discounts apply for this course!
Download Program Brochure (1.1mb)
To learn more about this programme, please contact:
Malina Raman
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Tel: +65 67419927
General Business Skills Simulation Program
This is an engaging business simulation programme that provides hands-on experience in Executive Decision Making.
It helps employees understand how and why business decisions are made. Formatted as a board game, it gives learners the responsibility for operating a business. They wrestle with managing overheads, operating costs, bidding on contracts, investing capital and allocating resources. As a business team, they have to make quick, accurate decisions in the best interest of their company & shareholders in a competitive environment. This simulation course helps shift the paradigm of employees to become business owners effectively.
By using a powerful business board simulation as a supplementary learning technology, participants learn, by experience, the difficulties and intricacies in managing a business unit or function in increasingly competitive markets. This is complimented by reality sharing with company business managers.
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This powerful business simulation course enables learners to:
- Identify the market forces in various operating environments and how they can affect businesses including their own company.
- Acquire a working knowledge of the major functions and awareness of the driving force of a business enterprise in order to make better decisions in a competitive environment.
- Apply multi-level thinking, especially strategic and scenario thinking in exploiting business opportunities.
- Understand and explain the nature and relationships of sales, costs, revenue, margins and assets in managing a business.
- Learn how to work in a business team, making decisions for both short and long term.
- Present a well-thought-out Industry Case Response and be able to defend their ideas and analysis.
Competencies developed:
- Strategic Thinking, especially understanding and dovetailing production, marketing, finance, human resource with business management techniques including opportunity and investment analysis
- Financial Sense, especially cashflow management and accounting techniques and, if required, other more sophisticated financial measures/yardsticks of performance
- Working effectively in Teams, in solving problems, making decisions and negotiating with adversaries in a competitive market
- Ability to Learn from experience, experiential learning
This simulation program is designed for:
All mid-level executives and junior-mid managers. Participants can be from various business functions, including engineering, geosciences, supply-chain, finance and human resource.
Preferred but not essential, participants should have had attended a basic Finance Course prior to this training course
Programme content in summary
- Think strategy, scanning the environment to describe possible scenarios and developing business opportunities with limited resources.
- Understand the relationships between business development, sales, costs, revenues, profit margins and asset management.
- Learn and use analytical tools for strategic planning (Industry Case Response) (if its 3 day workshop)
- Managing a company successfully in a competitive environment. Decision-making and strategy formulation as a management team (Competitive Business Board Simulation)
- Writing a brief shareholders’ report, presenting it convincingly and handling a Q & A session (if its 3 day workshop)
- Develop a business acumen and commercial mindset with ideas for improvement
Programme Methodology
The Workshop will provide ample opportunities for learners to learn by "doing" (Business Simulations) and by being challenged (Presentations, Case) and by listening and sharing (lectures, discussions, videos). Learners can expect to work individually; discuss, strategise & present in groups and challenge/be challenged by other groups. Learners are expected to reflect on and identify opportunities within their business units where improvements can be made.
Hear what other’s have said about this business simulation course
- 'Now I understand how finance works...in the business'
- 'Working and making decisions together as a business team really gives me an insight into how top managers need to think and act'
- 'Marketing, Sales, Production, HR, Investments, Govn legislation/intervention and most of all, Finance....all experienced in 2 days...terrific fast-paced learning...sometimes 'painful' but fun!
- 'Fun, Exciting, Fast-paced learning in competitive markets, idea-generation...all kept our team wide awake and energised'
- 'As many executives and managers as possible should attend this CBS...they won't regret it'
Previous participating companies include:
UEM, Tenaga Nasional, MISC, Shell, BASF, Murphy Oil Sarawak and many others.
Click here to download the brochure.
To learn more about this programme, please contact:
Malina Raman
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Tel: +65 67419927
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