Analysing the Role of Oil Producer Organisations in Global Market Stability

A senior-level treatment of producer organisations and market stability, focused on what changes outcomes.

📍 Istanbul🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points

Course Overview

Price volatility does not excuse weak discipline in producer organisations and market stability — it punishes it. The energy transition has not removed the need for rigour in market stability; it has added to it. Cases are chosen to expose the trade-offs in this area of energy and hydrocarbon operations rather than to illustrate ideal conditions. Teams frequently over-invest in documenting producer organisations and market stability and under-invest in testing it. The content is relevant to those who own this strand of energy and hydrocarbon operations and to those who are held accountable for its results. The programme builds the judgement to know which parts of market stability to standardise and which to leave flexible. Post-incident reviews keep identifying weaknesses in producer organisations and market stability that were visible long before the incident. It establishes a shared vocabulary for market stability so that teams can disagree productively about it. The programme closes with an action plan for the wider energy and hydrocarbon operations agenda that each participant writes for their own organisation.

Expected Learning Outcomes

01

Prepare the technical case for capital investment in producer organisations and market stability.

02

Integrate market stability with the wider process safety management system.

03

Recognise early indicators that producer organisations and market stability is drifting away from its intended design.

04

Model the economics of market stability under a realistic range of price scenarios.

05

Adapt recognised practice on producer organisations and market stability to local constraints without hollowing it out.

06

Structure contracts and service agreements covering market stability.

07

Identify the failure points in producer organisations and market stability most likely to cause loss, and control them first.

Who Should Attend

01

Contract and procurement staff supporting producer organisations and market stability.

02

Operations staff who encounter the consequences of market stability directly.

03

Operations and production engineers responsible for producer organisations and market stability.

04

Shift supervisors and control room leads dealing with market stability in real time.

05

Process safety and technical safety specialists reviewing producer organisations and market stability.

06

Compliance and governance staff whose remit includes market stability.

Course Modules

01

Producer organisations and market stability: contracts, contractors and service delivery

2 sessions · 8 points

Session 1Moving producer organisations and market stability from approval to execution

  • Confirm contractor competence records for anyone working on producer organisations and market stability.
  • Identify the failure modes of market stability with the highest consequence.
  • Check that records of producer organisations and market stability answer the questions likely to be asked.
  • Draft the minimum viable operating procedure for market stability.

Session 2Reviewing market stability when nothing has gone wrong

  • Test the procedure for producer organisations and market stability against a realistic scenario.
  • Confirm that those complying with market stability understand why it exists.
  • Agree what will be standardised in producer organisations and market stability and what will not.
  • Assess the emissions and discharge attributable to market stability.
02

Market stability: incidents, lessons and continual improvement

2 sessions · 8 points

Session 1Reading condition data on market stability before failure, not after

  • Verify isolation points for producer organisations and market stability are proven and documented.
  • Set the trigger for a life-extension versus replacement study on market stability.
  • Map the handovers in producer organisations and market stability between functions and secure them.
  • Verify emergency response arrangements cover the scenarios market stability can create.

Session 2The operating limits on market stability and what happens beyond them

  • Arrange the handover of producer organisations and market stability so capability survives staff changes.
  • Review the instrumentation on market stability for coverage gaps.
  • Check that the permit regime covering producer organisations and market stability matches the actual hazard.
  • Establish the alarm philosophy applying to market stability and remove nuisance alarms.
03

Market stability: economics, price exposure and investment case

2 sessions · 8 points

Session 1Building lasting competence in market stability

  • Establish who is informed, consulted and accountable in producer organisations and market stability.
  • Confirm that contractual obligations around market stability are understood.
  • Confirm that lessons from producer organisations and market stability are shared beyond the team that learned them.
  • Review incident and near-miss history involving market stability.

Session 2The permit and isolation regime that producer organisations and market stability actually requires

  • Confirm handover documentation for producer organisations and market stability is complete and current.
  • Check that management of change is applied to every modification of market stability.
  • Write down the assumptions underpinning the approach to producer organisations and market stability.
  • Define the safe operating envelope for market stability and how deviations are detected.
04

Market stability: technical fundamentals and operating envelope

2 sessions · 8 points

Session 1What the instrumentation on market stability is and is not telling you

  • Distinguish symptoms from causes when producer organisations and market stability underperforms.
  • Model the economics of market stability at low, base and high price cases.
  • Record the rationale for each significant choice made about producer organisations and market stability.
  • Establish the boundary of market stability and record what sits outside it.

Session 2The environmental exposure created by market stability

  • Identify the data already collected that bears on producer organisations and market stability.
  • Reduce the variation in how market stability is carried out between teams.
  • Review whether producer organisations and market stability is aligned with the objectives of the operating asset.
  • Record the technical rationale for the chosen approach to market stability.

Choose the package that suits you

Silver Package

At least 3 people

USD1,250
  • Workshop or Program Participation
  • Airport Transfers
  • Customized Badge
  • Expert Mentorship (Private Sessions)
  • Supervision & Secretarial Services
  • Accredited Certificate of Participation
  • Complete Training Kit
  • Coffee Break
  • Closing Ceremony

Gold Package

At least 3 people

USD1,850
  • 5-night stay in a 5-star hotel
  • Workshop or Program Participation
  • Airport Transfers
  • Customized Badge
  • Expert Mentorship (Private Sessions)
  • Supervision & Secretarial Services
  • Accredited Certificate of Participation
  • Complete Training Kit
  • Coffee Break
  • Closing Ceremony

Complete your registration

We will contact you within one business day to confirm.