15–17 October 2008
Selecting, planning and implementing strategy are critical functions for petroleum companies confronted with volatile markets and increasing international competition from national oil companies (NOCs) and new entrants in upstream and downstream sectors. Effective strategic management is the key to aligning shareholder expectations with corporate capabilities, performance and market conditions. Successful oil and gas companies constantly review, evaluate and benchmark performance of their prevailing strategies with a view to optimising performance of their asset portfolios over short, medium and long-term planning horizons.
Indeed strategy and risk management can be effectively integrated as the primary driver to steer business planning, budgeting and asset portfolio management.
Teamwork, organisational design and presentation skills are all crucial elements of strategic management. Moreover, significant changes in strategy often result in corporate upheavals and re-organisations that require change management approaches to implement them successfully.
Values and risks of a portfolio of assets can be substantially more than just the sum of the constituent assets. The most effective portfolios demonstrate synergies able to deliver enhanced value. However, synergies, balance and diversification in portfolios do not just materialise – they require proactive approaches to planning and strategic management. It is impossible to manage petroleum assets or portfolios successfully without being able to quantify the uncertainties and use that information to develop strategies, to mitigate the risks and capitalise on the opportunities.
This course addresses strategy in the practical context focusing upon the broader petroleum industry issues of portfolio opportunities, risks, change, performance and organisation. Several videos of high profile international projects and short exercises are used in the course to elicit key strategic approaches relevant to real situations along oil and gas supply chains.
Posted by Online Data on Tuesday, July 22, 2008 21:35
Location London, UK
Category Training Courses
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