Introduction to Global Oil Supply (ON-DEMAND) - GOS
Course Summary
Introduction to Global Oil Supply is an online training course that provides an introduction to the supply side of the global market for petroleum liquids. You’ll learn about the different types of liquids - conventional and unconventional crude oil, condensate, natural gas liquids and so on - that contribute to global supply, and where they come from. We will review the main oil producing regions and the roles of OPEC and non-OPEC producers, and of governments, national oil companies and independent oil companies. You’ll learn about important recent and likely future trends in oil production, including the importance of unconventional shale and oil sands resources.
Course Content
You will learn to:
- Recognize the scale of oil production and its historical growth
- Point out key geographical trends in oil production and consumption
- Select the most important oil producing countries and regions
- Distinguish between the roles of OPEC and non-OPEC producers
- Recognize how oil production responds to changes in supply, demand and price
- Identify the importance of the United States in today’s oil market
- Recognize the natural decline of oil production and the need for reserves replacement
- Point out the differences between conventional and unconventional oil production
- Recognize the impacts of the recent rise in unconventional oil production
- Identify the future potential for conventional and unconventional oil production
- Recognize the different types of liquid that contribute to global oil supply
- Point out some different approaches to risk and reward sharing in oil production
- Identify how some major oil companies think oil supply will change in the future
Practice exercises and self-assessment quizzes are included to help reinforce key topics introduced throughout the course.
A comprehensive final test will be given at the end of the course.
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