Bid and Tender Management in the Oil and Gas

Course Description

This Bid and Tender Management Skills training course, delivered by expert trainers, supplies delegates with an understanding of the bid and tender process, and how to build a successful bid.This course teaches how to deliver high quality bids within strict timescales, and effectively manage them in accordance with the tender specifications. The whole bid cycle will be examined, tools to enable you analyse the requirements, pull together resources and develop outstanding bid will be provided.The aim of the course is to give trainees the tools required to increase their rate of success in the bidding process. It impresses upon delegates the benefits of a client-focused approach by educating delegates on what contractors are searching for. As well as giving trainees the basics of the bidding process and the makings of a successful proposal, the course will look at how to manage the process all the way through to post-submission and evaluation.

Who Should Attend?

  • Operations Managers
  • Finance Managers professionals
  • Executive Directors professionals
  • General Managers
  • Divisional Heads professionals
  • Project Directors
  • Project Engineers
  • Project and Team Leaders
  • Contract Professionals and Administrators
  • Procurement Directors
  • Business Owners / Managing Directors
  • Supplier Managers
  • Supply Chain Consultants professionals
  • Buyers / Senior Buyer

Education introduction

Day One: Petroleum Refining, Refined Products & Petrochemicals

  • Introduction to Petroleum Downstream Industry
  • Physical & Chemical properties of crude oil
  • Crude oil selection criteria for refinery
  • Essential of Petroleum Refining Industry
  • Major refinery processes and refinery units
  • Simple Hydroskimming Refinery
  • Deep Conversion Coking Refinery
  • Refinery Optimization

Day Two: Global Oil Supply and Petroleum Economics

  • Making Downstream connection with Upstream Industry
  • Essence of International Oil Supply – Global Reserves, Production & Trade
  • Fundamentals of Oil Economics
  • Fundamentals of Crude Oil Transportation – Tankers and Chartering
  • Basic Principles in Pricing and Overview of Markets
  • Crude Oil Markets
  • Global Crude Oil Supply-Demand balance, and its impact on prices
  • Marker crudes and crude oil Benchmarks

Day Three: Downstream Value Chain Optimization

  • Essential Elements in Crude Oil Sales Contracts to Refineries
  • Basic Crude Oil Refining and Advanced Refinery Upgrades
  • Importance of Petrochemicals and its impact
  • Refining and Petrochemicals Integration
  • Value Chain Optimization and Maximizing Return on Investment
  • Managing Contractual and Environmental Risks
  • Pipelines, Storage and Transportation Logistics in Downstream
  • Refinery Economics and Optimization of Downstream

Day Four: Downstream Market Structures and Trading

  • Introductory Concepts in Oil Trading
  • Interface with retailers
  • Downstream Supply Chain management
  • Total Barrel Economics
  • Oil Market Derivatives – Futures, Forwards, Swaps, Option
  • Price Volatility Exposure and its Defensive Practices

Day Five: Downstream Petroleum Dynamics and Risk Management

  • Hedging – Risk Management
  • Pricing Management
  • Derivatives
  • Examples of Oil & Gas Futures Contracts, Swaps, and Options
  • Common mistakes by Oil & Gas Companies in Hedging
  • A Guide to Developing A Corporate Fuel Risk Management Policy
  • Challenges to Petroleum Industry and Trends in New Technology