This module delves into the intricate relationship between the oil and gas sector and the broader economy. It covers fundamental concepts such as supply and demand dynamics, pricing mechanisms, and market fluctuations that influence economic stability. Students will examine how geopolitical factors, currency exchange rates, and regulatory frameworks impact the global oil market. Additionally, case studies will illustrate real-world economic events linked to oil production and consumption trends. The module aims to equip students with a comprehensive understanding of how oil and gas resources drive economic growth and development on a local and global scale.

In this module, participants will explore the legal frameworks governing oil and gas transactions. An emphasis will be placed on understanding various types of contracts, including production-sharing agreements, joint ventures, and lease agreements. This is complemented by an analysis of relevant international laws, regulations, and compliance issues that impact the industry. Students will engage in practical exercises designed to draft contractual clauses while honing their negotiation skills within legal contexts. By the end of this module, learners will have a solid grasp of how legal considerations affect decision-making in oil and gas operations.

Focusing on the challenges faced within oil and gas projects, this module examines technical, environmental, political, and social issues that can arise during exploration and production phases. Participants will discuss risk management strategies needed to navigate potential setbacks such as regulatory changes or community opposition. Furthermore, they will study sustainability practices intended to mitigate negative environmental impacts associated with drilling or extraction activities. Case studies providing insights into successful issue resolution in prominent projects add practical relevance to theoretical discussions. Through interactive group projects, students gain firsthand experience in assessing risks related to specific case scenarios.

This module trains students in evaluating the feasibility of proposed projects within the oil industry using various analytical techniques. Emphasis is placed on cost-benefit analysis alongside technical assessments necessary for project viability evaluation. Participants will learn how aspects such as technology selection, resource availability, funding options, and market conditions align with project objectives throughout each phase—from conception through execution. Moreover, students will review real-life examples of both successful projects versus abandoned initiatives due to feasibility constraints to better understand critical success factors. Increased familiarity with financial modelling tools will also empower participants when assessing future investments.

The Oil & Gas Marketing module explores the unique strategies and techniques employed in promoting products within this critical sector. The module provides an overview of the oil and gas market landscape, highlighting key players, market dynamics, and the economic factors influencing supply and demand. Students will learn about different marketing models specifically tailored for the energy industry, including strategic partnerships and stakeholder engagement. Emphasis is placed on understanding customer segmentation and targeting, which are vital for effective communication in a globally diverse marketplace. Additionally, the module covers digital marketing trends affecting the oil and gas sector, including social media strategies and data analytics. Practical case studies offer insights into successful marketing campaigns executed by leading companies in the field. Overall, this module aims to equip students with the necessary skills to navigate the complexities of marketing within the oil and gas industry effectively.