TracezGlobal

Fundamentals of Oil & Gas Production & Economics

Starting on 18/01/2026

Overview

Training Calendar

Date	Venue	Fees
18/01/2026 - 22/01/2026	Muscat	2750
06/07/2026 - 10/07/2026	Online	1380
21/09/2026 - 25/09/2026	Dubai	3320

Introduction

This comprehensive program provides participants with a complete understanding of the upstream oil & gas value chain—covering reservoir basics, drilling, well completions, production systems, surface facilities, artificial lift, operational challenges, and production optimization. In addition, the program explains how economic principles, cash flow fundamentals, fiscal terms, and project evaluation techniques influence strategic decision-making in the oil & gas industry. Through structured modules and case-based discussions, participants gain the technical and financial insight needed to interpret production data, understand cost drivers, evaluate economic performance, and support field development planning.

Learning Outcomes

By the end of this training course, the participants will be able to:

Explain the upstream oil & gas production cycle and surface facility operations.
Interpret reservoir behavior, well performance, and production system constraints.
Describe artificial lift methods and production optimization techniques.
Understand cost structures, pricing fundamentals & key economic indicators.
Evaluate simple oil & gas projects using cash flow, NPV, and break-even concepts.