At the end of this course participants will be able to:

• Define procurement management
• Determine procurement management skills in the oil & gas industry
• Understand the recent methods and types of purchasing and procurement

• Exploration and production overview
• Procurement management
• Procurement and purchasing
• Materials’ principles
• Importing and receiving materials assets

Day 1

Exploration and Production Operations

• Definition
• The importance of procurement management in E&P operations
• E&P fundamentals

Day 2

Procurement Management

• Definition
• The difference between general PM and oil & gas PM
• Oil & gas procurement management skills

Day 3

Procurement and Purchasing

• Definitions and fundamentals
• Purchasing steps
• TCO
• Procurement targeting

Day 4

Materials’ Principles

• Stock decisions
• Non-availability
• Holding stock

Day 5

Importing and Receiving

• Good inwards
• Oil & gas-specific materials
• Capitalised “moveables” control

At the end of this course participants will be able to:

• Define supply management.
• Determine supply management characteristics in the oil & gas industry.
• Understand the recent methods of costs that determine suppliers’ prices.
• Identify the negotiation strategies for establishing deals.
• Develop the knowledge, skills, and concepts needed to create a Purchase Price Index.
• Explain the importing/exporting methodology.
• Evaluate and demonstrate procurements’ value.

• Searching and selection
• Cost strategies
• Purchasing strategies
• Negotiating the contract
• Import and export documentation and processes

Day 1

Introduction to Procurement and Supply Management

• Definition
• The differences between general PSM and oil & gas PSM
• Oil & gas PSM skills

Day 2

Searching and Selection

• Product specifications and standards
• Set of suppliers
• Selection processes

Day 3

Cost Strategies

• TCO
• Cost containment methods
• Cost reductions and cost avoidance
• Developing “should-cost”
• Producer price indexes

Day 4

Purchasing Strategies

• International purchasing strategy and planning
• International purchasing funding options
• Oil & gas industrial market

Day 5

Negotiating the Contract

• Product specification and formulation
• National and international standards
• Sourcing of products
• Course location and evaluation
• Tendering
• Supplier audit
• Overseas market
• Digital trade revolution
• Negotiating skills
• Terms and conditions

Day 6

Import and Export Documentations and Processes

• Certificate of origin
• Certificate of shipment
• Airway bill
• Bill of lading
• Export invoice
• Export Licensing
• Import Licensing
• Other documents