The Oxford Princeton Programme, the world's leading education and training provider in energy, commodities and derivatives, is proud to mark the silver anniversary in 2008 of its highly-acclaimed course in International Oil Supply, Transportation, Refining and Trading (SP1). This landmark course became an instant hit when it was first offered in 1983 amongst petroleum industry participants who sought a comprehensive overview that followed the flow of oil throughout the entire supply chain in a relevant and practical manner.
"International Oil Supply, Transportation, Refining and Trading was unique then and remains so today in bringing together a renowned team of specialists in every aspect of the stream," says Mr. Robin Burley, who joined the course's lecturing team in 1990 before taking it on as Course Director in 1995. "We have much to owe Mr. Alan Barton of Gulf Oil UK, who originated the specialist instructor team and content and had led the course until his retirement."
"No other five-day offering boasts a cadre of 'who's who' in the oil industry whether it be the lecturing team or attending delegates," says Clara Lippert Glenn, President and CEO, The Oxford Princeton Programme. "The diversity of participants enhances the learning experience and networking opportunities."
The 25th year of SP1 will be observed with three scheduled sessions in Oxford, UK:
25 - 29 February 2008
23 - 27 June 2008
8 -12 September 2008
Early online registration is highly encouraged as repeat sell-outs are anticipated. This, along with other courses presented by the Oxford Princeton Programme offer a certificate upon successful completion. A course summary follows below, which can be found along with other course listings at www.oxfordprinceton.com.
International Oil Supply, Transportation, Refining and Trading (SP1)
This course provides an overview of the oil supply chain. Topics include upstream economics, transporting crude oil from source to the refinery, through processing, trading, and finally, the retailing of oil products. Designed for new entrants to the oil industry, this course is ideal for use as part of an induction programme, or for bringing those transferring disciplines up to speed with the area. Through the medium of continuous case studies, delegates will address day-to-day problems in order to understand the relevant commercial driving forces in this area.
What You Will Learn
· Fundamental analysis
· Supply relationship with upstream
· Valuing of crude oil based on product market prices
· How to evaluate spot tanker freight costs
· How tankers are chartered
· How oil and tanker contracts are structured
· How to evaluate netbacks
· How a refinery is structured
· The refinery petrochemical interface
· The interface with retail, industrial and transportation markets
· The key points on product quality
· How key specifications are met
· How to appreciate fundamental economic drivers of the downstream
· How international oil markets are priced
· The basic use of hedging within a trading environment
Who Should Attend
New entrants to the oil industry and integrated sections such as supply, trading and logistics. Managers changing disciplines into the downstream, professional personnel inside and outside oil companies interfacing with supply, refining, trading and transportation functions and who require an overview of this sector such as legal, banking, insurance, finance and production.
About The Oxford Princeton Programme, Inc.
The Oxford Princeton Programme, Inc is the world's leading provider of education and training solutions to the energy, commodity and derivatives industries. In addition to PrincetonLive.com, which offers more than 20 energy and commodity web-based training modules, The Oxford Princeton Programme provides more than 200 instructor-led training courses annually worldwide. Designed for all levels of expertise, courses include views of oil, power, natural gas and a variety of other energy, commodity and derivatives topics. For a complete list of courses and for other information, visit http://www.oxfordprinceton.com.