Economic Diversification Strategies for Oil-Dependent Economies

A senior-level treatment of economic diversification strategy, focused on what changes outcomes.

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

Course Overview

The energy transition has not removed the need for rigour in economic diversification strategy; it has added to it. Price volatility does not excuse weak discipline in this part of energy and hydrocarbon operations — it punishes it. Where this strand of energy and hydrocarbon operations is measured, it improves; where it is only discussed, it drifts. Ambition around economic diversification strategy outruns capacity unless the sequencing is deliberate. The programme uses small-group work so that each participant's treatment of the energy and hydrocarbon operations capability is examined, not just described. The result is the confidence to make and defend decisions about the practice within energy and hydrocarbon operations under scrutiny. It treats economic diversification strategy as an operating discipline and equips participants to run it as one. The level assumes working familiarity with the operating asset but no prior formal training in the energy and hydrocarbon operations capability. It closes by agreeing the smallest change to this aspect of energy and hydrocarbon operations that would make a visible difference.

Expected Learning Outcomes

01

Quantify the production impact of decisions taken on economic diversification strategy.

02

Integrate economic diversification strategy with the wider process safety management system.

03

Assess economic diversification strategy against the emissions and efficiency targets the organisation has committed to.

04

Diagnose whether a problem in economic diversification strategy is one of design, resourcing or discipline.

05

Structure records of economic diversification strategy so that they answer the questions an auditor will actually ask.

06

Define the escalation path for abnormal conditions detected in economic diversification strategy.

07

Build a concise operating procedure for economic diversification strategy that colleagues can follow without further explanation.

Who Should Attend

01

Commercial and planning analysts modelling economic diversification strategy.

02

Inspection and integrity engineers assessing economic diversification strategy.

03

Coordinators responsible for keeping records and documentation of economic diversification strategy current.

04

Shift supervisors and control room leads dealing with economic diversification strategy in real time.

05

Training and development staff building internal capability in economic diversification strategy.

06

Environmental and regulatory compliance officers covering economic diversification strategy.

Course Modules

01

Economic diversification strategy: incidents, lessons and continual improvement

2 sessions · 8 points

Session 1The operating limits on economic diversification strategy and what happens beyond them

  • Assign responsibility for keeping documentation of economic diversification strategy current.
  • Check that the permit regime covering economic diversification strategy matches the actual hazard.
  • Define the safe operating envelope for economic diversification strategy and how deviations are detected.
  • Review incident and near-miss history involving economic diversification strategy.

Session 2What the instrumentation on economic diversification strategy is and is not telling you

  • Close out actions on economic diversification strategy rather than leaving them open indefinitely.
  • Confirm that lessons from economic diversification strategy are shared beyond the team that learned them.
  • Identify the failure modes of economic diversification strategy with the highest consequence.
  • Check that records of economic diversification strategy answer the questions likely to be asked.
02

Economic diversification strategy: economics, price exposure and investment case

2 sessions · 8 points

Session 1Building the investment case for economic diversification strategy that finance will accept

  • Identify the data already collected that bears on economic diversification strategy.
  • Verify isolation points for economic diversification strategy are proven and documented.
  • Prepare the summary of economic diversification strategy that senior management will read.
  • Estimate the resource economic diversification strategy requires to run as designed.

Session 2The environmental exposure created by economic diversification strategy

  • Set the trigger for a life-extension versus replacement study on economic diversification strategy.
  • Arrange the handover of economic diversification strategy so capability survives staff changes.
  • Check that management of change is applied to every modification of economic diversification strategy.
  • Review whether economic diversification strategy is aligned with the objectives of the operating asset.
03

Economic diversification strategy: process safety, permits and isolation

2 sessions · 8 points

Session 1What has to be agreed before work on economic diversification strategy starts

  • Review the instrumentation on economic diversification strategy for coverage gaps.
  • Verify emergency response arrangements cover the scenarios economic diversification strategy can create.
  • Establish the alarm philosophy applying to economic diversification strategy and remove nuisance alarms.
  • Set the review interval for economic diversification strategy and who attends.

Session 2Reading condition data on economic diversification strategy before failure, not after

  • Compare the cost of economic diversification strategy with the cost of its absence.
  • Set escalation thresholds for economic diversification strategy that work out of hours.
  • Assess the emissions and discharge attributable to economic diversification strategy.
  • Identify single points of dependency in economic diversification strategy and reduce them.
04

Economic diversification strategy: contracts, contractors and service delivery

2 sessions · 8 points

Session 1Escalation and decision rights in economic diversification strategy

  • Model the economics of economic diversification strategy at low, base and high price cases.
  • Plan the sequence in which improvements to economic diversification strategy will be introduced.
  • Confirm handover documentation for economic diversification strategy is complete and current.
  • Establish the boundary of economic diversification strategy and record what sits outside it.

Session 2Building lasting competence in economic diversification strategy

  • Agree the smallest change to economic diversification strategy that would be visibly useful.
  • Confirm contractor competence records for anyone working on economic diversification strategy.
  • Record the technical rationale for the chosen approach to economic diversification strategy.
  • Verify six months later that changes to economic diversification strategy have held.

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.