Apply recognised integrity and inspection practice to energy derivative contracts.
Managing Financial Derivative Contracts in Energy Markets
Practical training in energy derivative contracts, grounded in real cases and applied to your own operation.
Course Overview
The energy transition has not removed the need for rigour in energy derivative contracts; it has added to it. Regulators and insurers increasingly want documented evidence of how this aspect of energy and hydrocarbon operations is controlled. The course leaves participants able to diagnose weaknesses in the practice within energy and hydrocarbon operations before they become incidents. It is pitched for practitioners with responsibility for energy derivative contracts, not for observers of it. The professional literature on the energy and hydrocarbon operations discipline converges on a small set of controls that reliably work. Cases are chosen to expose the trade-offs in the wider energy and hydrocarbon operations agenda rather than to illustrate ideal conditions. Progress on energy derivative contracts is usually lost in the gap between approval and execution. Content is organised around the decisions practitioners actually face in the energy and hydrocarbon operations discipline, not around theory headings. Participants finish with a short, specific brief on the wider energy and hydrocarbon operations agenda ready to put in front of a decision maker.
Expected Learning Outcomes
Estimate what energy derivative contracts costs to run properly, and what is lost when it is not.
Evaluate the environmental obligations arising from energy derivative contracts.
Compare the organisation's handling of energy derivative contracts with recognised practice, and close the material gaps.
Verify that contractors working on energy derivative contracts meet the same standard as direct staff.
Build a concise operating procedure for energy derivative contracts that colleagues can follow without further explanation.
Specify the instrumentation and data needed to monitor energy derivative contracts reliably.
Who Should Attend
Department heads accountable for the results of energy derivative contracts.
Maintenance and reliability engineers supporting energy derivative contracts.
Anyone whose accountability for energy derivative contracts exceeds their current formal training in it.
Inspection and integrity engineers assessing energy derivative contracts.
Consultants and service company personnel supporting clients on energy derivative contracts.
Commercial and planning analysts modelling energy derivative contracts.
Course Modules
Energy derivative contracts: competence, certification and handover
2 sessions · 8 pointsSession 1Building the investment case for energy derivative contracts that finance will accept
- Test the procedure for energy derivative contracts against a realistic scenario.
- Check that energy derivative contracts still works when volumes rise unexpectedly.
- Establish the alarm philosophy applying to energy derivative contracts and remove nuisance alarms.
- Confirm that lessons from energy derivative contracts are shared beyond the team that learned them.
Session 2Building the method for energy derivative contracts step by step
- Collect evidence on the present handling of energy derivative contracts before proposing changes.
- Confirm contractor competence records for anyone working on energy derivative contracts.
- Establish who is informed, consulted and accountable in energy derivative contracts.
- Agree the smallest change to energy derivative contracts that would be visibly useful.
Energy derivative contracts: economics, price exposure and investment case
2 sessions · 8 pointsSession 1The decisions in energy derivative contracts that cannot be delegated
- Benchmark the organisation's energy derivative contracts against comparable operations.
- Draft the minimum viable operating procedure for energy derivative contracts.
- Check that management of change is applied to every modification of energy derivative contracts.
- Review incident and near-miss history involving energy derivative contracts.
Session 2The permit and isolation regime that energy derivative contracts actually requires
- Review the instrumentation on energy derivative contracts for coverage gaps.
- Confirm that those complying with energy derivative contracts understand why it exists.
- Identify where judgement in energy derivative contracts is legitimate and where it is not.
- Model the economics of energy derivative contracts at low, base and high price cases.
Energy derivative contracts: integrity, inspection and condition assessment
2 sessions · 8 pointsSession 1Deciding between life extension and replacement for energy derivative contracts
- Assess the emissions and discharge attributable to energy derivative contracts.
- Confirm handover documentation for energy derivative contracts is complete and current.
- Define the safe operating envelope for energy derivative contracts and how deviations are detected.
- Define acceptance criteria for energy derivative contracts in advance.
Session 2Closing out energy derivative contracts and capturing what was learned
- Reduce the variation in how energy derivative contracts is carried out between teams.
- Rank the weaknesses in energy derivative contracts by consequence rather than by ease of fixing.
- Set the review interval for energy derivative contracts and who attends.
- Define the trigger that would require energy derivative contracts to be redesigned.
Energy derivative contracts: contracts, contractors and service delivery
2 sessions · 8 pointsSession 1The environmental exposure created by energy derivative contracts
- Record what was learned when energy derivative contracts did not go as planned.
- Verify emergency response arrangements cover the scenarios energy derivative contracts can create.
- Verify isolation points for energy derivative contracts are proven and documented.
- Check that the permit regime covering energy derivative contracts matches the actual hazard.
Session 2Competence and handover on energy derivative contracts when experienced staff leave
- Record the technical rationale for the chosen approach to energy derivative contracts.
- Estimate the resource energy derivative contracts requires to run as designed.
- Identify the failure modes of energy derivative contracts with the highest consequence.
- Set the trigger for a life-extension versus replacement study on energy derivative contracts.
Choose the package that suits you
Silver Package
At least 3 people
- 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
- 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.