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Upstream · Fundamentals

Oil & Gas Fundamentals

Calgary · Kuala Lumpur — 2026

13–15 Jul · Calgary 19–21 Oct · Kuala Lumpur 3 Days 5-Star Hotel
About This Course

Course Overview

This 3-day oil and gas fundamentals course gives participants a clear, practical overview of how the oil and gas business works from exploration to end-user. Technical concepts are explained in plain language and connected directly to commercial decisions, project economics and fiscal frameworks.

Participants will understand how upstream, midstream, downstream and petrochemicals fit together, how energy companies generate value at each stage, and how fiscal and regulatory terms affect project returns. Ideal for professionals who work alongside technical or commercial teams and need a solid industry grounding.

Classroom sessions are held in 2026 at five-star hotel venues in Calgary (July) and Kuala Lumpur (October).

Programme Content

Key Topics

01

The Oil & Gas Value Chain: An Overview

  • How the global oil and gas industry is structured
  • Upstream, midstream, downstream and petrochemicals: roles and interactions
  • Key players: NOCs, IOCs, independents, service companies and traders
  • How oil and gas companies make money at each stage of the chain
  • Energy transition context: how the industry is changing
02

Upstream: Exploration, Drilling & Production

  • Basics of petroleum geology: traps, reservoirs and source rocks
  • Exploration techniques: seismic surveys and well logging
  • Drilling: onshore vs offshore, well types and completion
  • Field development planning and production optimisation
  • Natural gas production, processing and transportation basics
03

Midstream, Downstream & Commercial Structures

  • Crude oil transportation: pipelines, tankers and storage
  • Oil refining: distillation basics and key refined products
  • Natural gas processing: NGL extraction, LNG and gas transmission
  • Trading: how crude oil and products are bought and sold globally
  • Petroleum contracts, royalties, taxes and project economics
Learning Outcomes

What You Will Learn

01Understand the full oil and gas value chain from exploration and drilling to refining, trading and end-use
02Explain the basics of petroleum geology, exploration, drilling and field development
03Describe how crude oil and natural gas are produced, processed, transported and marketed
04Recognise how petroleum contracts, royalties, taxes and PSCs affect project returns
05Interpret key financial indicators such as NPV, IRR, breakeven price and netbacks
06Discuss major risks, energy transition drivers and their impact on the oil and gas business
Dates & Pricing

Sessions & Fees

All sessions are held at five-star hotel venues.

DatesLocationFormatFee
13–15 Jul 2026 Calgary, Canada Classroom £3,300 (no VAT)
19–21 Oct 2026 Kuala Lumpur, Malaysia Classroom £3,300 (no VAT)
Target Audience

Who Should Attend

New Industry Joiners
Professionals new to oil and gas needing a solid industry foundation
Finance & Legal Teams
Finance, legal, HR, IT or procurement staff working with oil and gas teams
Government & Regulators
Policy, licensing and regulatory staff in petroleum ministries
Service Companies
Service company and consultant professionals supporting upstream projects
Commercial Teams
Business development and commercial staff in energy companies
NOCs & IOCs
Junior to mid-level professionals seeking a comprehensive industry overview
Common Questions

Frequently Asked Questions

Who should attend? +

Anyone needing a solid, practical understanding of the oil and gas industry — from new joiners and support functions to government staff and service company professionals.

Where and when are the 2026 sessions? +

2 sessions: 13–15 July in Calgary (Canada); and 19–21 October in Kuala Lumpur (Malaysia).

What is the course fee? +

£3,300 per delegate. No VAT applies on Calgary or Kuala Lumpur sessions.

Is this course technical? +

No — designed for non-technical professionals. Technical concepts are explained in plain language and always linked to commercial context.

Can this be delivered in-house? +

Yes — one of our most popular in-house onboarding programmes. Contact j.rogus@londonpetroacademy.co.uk for a proposal.

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£3,300
Classroom · 4 Locations
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📋 Cancellation Policy
  • 28+ days before course: Full refund or free transfer to another date.
  • 14–27 days before course: 50% refund or free transfer to another date.
  • Less than 14 days: No refund. Transfer to another date at 25% fee.
  • Substitutions are accepted at any time at no charge.

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