Explore

Oil & Gas Industry Operations and Markets

Approx. 8 hours to complete

Save Course

Go to Course

Course Summary

This course provides an introduction to the oil and gas industry, covering topics such as exploration, drilling, production, and refining. Students will learn about the various types of oil and gas resources, the technologies used to extract them, and the environmental and geopolitical factors that impact the industry.

Key Learning Points

Gain a comprehensive understanding of the oil and gas industry
Learn about the different types of oil and gas resources and how they are extracted
Explore the technologies used in exploration, drilling, production, and refining

Learning Outcomes

Understand the fundamentals of the oil and gas industry
Identify the different types of oil and gas resources
Analyze the technologies used in exploration, drilling, production, and refining

Prerequisites or good to have knowledge before taking this course

No prior knowledge of the oil and gas industry is required
Basic understanding of science and engineering principles is recommended

Course Difficulty Level

Intermediate

Course Format

Online self-paced course
Video lectures
Quizzes and assignments

Similar Courses

Introduction to Renewable Energy
Energy and the Environment
Fundamentals of Nuclear Energy

Related Education Paths

Notable People in This Field

Sustainability expert
Energy expert

Related Books

Description

The oil and gas industry has an enormous impact on all aspects of daily life. Individuals, corporations, and national governments make financial and policy decisions based on the cost, use, and availability of these two natural resources. This two-week course looks at the two most fundamental aspects of the oil and gas industry, its operations and markets, each of which is addressed as a separate module in the course. In the operations module, the course provides an overview of the production of oil and gas, from initial exploration to final transport. The second module focuses on the forces that drive the industry's operations, the oil and gas markets, including the cost of wells, seasonal impacts on prices, and the role of oil reserves. After every lesson, learners will take short quizzes to test their newly acquired knowledge, participant in crowd-sourced discussions about global markets, and complete a final project.

Outline

Oil and Gas Operations and Technology
Oil and Gas Industry Overview
Oil and Gas Sources
The Hydrocarbon System
What Makes for a Good Reservoir Rock
Exploration Tools and Methods
Aquiring Mineral Rights
The Drilling Process
Prospect to Play
Production Over Time
Enhanced Oil and Gas Production
Processing Natural Gas
Crude Oil Distilation
Additional Refining Processes
Oil Midstream
Natural Gas Midstream
Liquified Natural Gas
Oil and Gas Exploration
Production
Processing and Refining
Transport

Oil and Gas Industry Markets
Cost Components
Well Drilling and Production Costs
Well Cost and Revenue Sharing
Well Cash Flow
Transport, Processing and Sales Costs
Benchmark Costs
Supply, Demand, and Price Elasticity
Seasonal Impacts on Oil and Gas Prices
Short-Term Constraints on Prices
Types of Prices
Original Oil and Gas in Place
Resources vs. Reserves
Access to Conventional Reserves
Additional Types of Unconventional Resources
Oil and Gas Markets - Costs
Oil and Gas Markets - Prices
Oil and Gas Markets - Future of O&G

Summary of User Reviews

Discover the ins and outs of the oil and gas industry with this comprehensive course on Coursera. Users have given positive feedback overall, praising the in-depth content and knowledgeable instructors. One key aspect that many users appreciated was the real-life case studies that were used throughout the course.

Pros from User Reviews

In-depth content
Knowledgeable instructors
Real-life case studies
Flexible scheduling options
Interactive quizzes

Cons from User Reviews

Some sections may be too technical for beginners
Not enough focus on renewable energy sources
Limited opportunities for hands-on learning
High price point
Lack of personalized feedback from instructors

Recommended for you

Oil and Gas Drilling Guide

How to drill an oil and gas well If you want to learn about oil drilling as a beginner, then check out this book!...

Save Course

Logistics of crude oil and petroleum products - Oil and gas

Explore the logistics of crude oil and petroleum products - transport and dispatch of oil and gas demystified Dear student, The course is organized into 2 parts :...

Save Course