Software Training for the Oil Sector
EPEX is a course designed to develop leadership skills for those up and coming oil sector professionals who aspire to senior management positions within their company.
The course will allow delegates to learn skills and develop understanding of:
- Internationalisation: global perspective and portfolio management
- Strategy Development: setting a direction and managing performance
- Decision-making: commercial criteria and risk management
- Reputation management: interaction and negotiation
The course takes 25 participants who are formed into the management Boards of 5 oil companies who wish to expand their operations internationally. The course takes them on a journey of 12 years of their company competing in the international market place for new opportunities and managing existing assets. They have to make big decisions based upon the information they have researched.
The course is run with the support of a sophisticated business simulation package that simulates in a very real way the impact of their decisions. The teams are supported by experienced oil company professionals and interspersed lectures on key areas of required expertise. The course is a mixture of classroom and time spent back in their “company offices” with time to negotiate with the other companies, government officials, NGO’s etc (play acted by the course administrators). The companies are informed of the results of their decisions in terms of opportunities won, the impact on their financials etc.
The teams compete along both the oil and gas value chain with difficult choices at each juncture. Much happens along the way in terms of unanticipated events that they need to deal with. They all learn from their own and others successes and failures.
Hopefully, when they are faced with similar issues in their own companies in the years to come they are better prepared to handle them. The course is intensive, but also fun and participants usually make long lasting friendships that prove useful as their career develops.
There will be teaching sessions on a variety of topics, to be adapted to the learning need of the delegates in areas such as Exploration Risk, Petroleum Economics, Finance and Accounting, Commercial Structure, Markets and Marketing, Gas Value Chain Dynamics and Oil and Gas Technology.
In addition they will learn much about their own management style and how to work as part of a high performance Multi-Disciplinary Team. The participants will also make new friends in the industry that may prove beneficial in their future careers.