|Expanded Basic Petroleum Economics - BEC|
|Petroleum Risk and Decision Analysis - PRD|
|Cost Management - CM|
Discipline: Petroleum Business
Duration: 5 days
Instructor(s): Robert Boyd, Ronnie Tucker
Few problems threaten the petroleum businesses more than uncontrolled costs. Economic realities have made it necessary for most companies to operate with a lean and mean philosophy. Industries previously operating under regulatory rules, which allowed them to pass on all costs to the customer, now face a changed regulatory environment. As the price of our products fluctuates widely, the most vulnerable companies are those that are ineffective in understanding and managing their costs.
Historically energy companies have relied on the efficiency of their operations to drive company profitability. The ability to properly manage costs is now paramount in a company's success and even their ultimate survival. As the energy industry goes through its most monumental changes since the 1970s with huge swings in prices and costs, the companies that can identify efficiencies and inefficiencies will be able to react to the challenges of the global market place, thus generating higher profits. The course will cover costs management from the basics to the most recent events and trends, using relevant exercises, timely case studies, and role-playing techniques. This seminar is an introduction to Practical Cost Management techniques designed to help the participant better understand the underlying dynamics of cost, which will lead to better decision making concerning products and services, work flows, capital investments, as well as the day-to-day monitoring of the business.
Operating managers, field personnel, project managers, technology managers, budget managers, or practically anyone in the company wanting to manage costs in a more efficient and effective manner. A familiarity with finance is helpful but not required.
You Will Learn:
MR. ROBERT E. BOYD, CPA, MBA, CGMA is the Founder and President of Boston Street Advisors, Inc. an investment banking and financial advisory firm in Tulsa, Oklahoma. He is also the founder of Boston Street Capital, a private equity investment firm, and a co-founder and Managing Member of Boston Street Capital Partners, LLC, a capital management company. Mr. Boyd has over thirty years of experience in the fields of capital formation, international finance, investment and portfolio management and investment banking. Prior to forming his own firm, he worked in the accounting department for Warren Petroleum Company, a division of Gulf Oil, and at Reading & Bates Corporation where he was supervisor of corporate accounting and a senior financial analyst. He has also held positions as Chief Financial Officer - Treasurer and Manager of Treasury in the manufacturing sector and senior financial analyst for a major international energy company. Mr. Boyd's international experience includes engagements in Europe, Asia, Canada, South America, and the Middle East.
Mr. Boyd has been involved in over 30 corporate ventures and has successfully negotiated several business transactions including the planning and restructuring of over $500 million of corporate debt for a major multi-national energy concern, and has served as exclusive financial advisor for the financing and sale of several mid-market companies across a variety of industries. He has also played key roles in establishing a sales and distribution office in Germany and has advised major energy and service companies in the areas of shareholder value and performance measurement. Since founding his own firm, Mr. Boyd has advised management and shareholders on capital acquisition, business development, transaction structuring, valuation services and strategic business planning for mid-market companies.
He currently serves on the National Advisory Council of the US Small Business Administration and serves on several corporate and civic boards including the Tulsa University Friends of Finance and the University of Tulsa Student Investment Fund. He has served as chairman of the Capital Exchange Committee of the Wharton Club of New York where he founded the Wharton Investor Resources Exchange, a network of capital investors and companies headed by Wharton Alumni and is a past president of the Graduate Business Association of the University of Tulsa. Mr. Boyd is a current member of the American Institute of Certified Public Accountants and is listed in Who's Who of Global Business Leaders. He has been an adjunct professor of Finance for the University of Tulsa.
Mr. Boyd holds a BS in Business Administration from Phillips University with majors in Finance and Accounting and a Master of Business Administration from the University of Tulsa, graduating with honors. He graduated from the Wharton Advanced Management Program of the Wharton School of the University of Pennsylvania and is a Fellow of the Wharton School. Mr. Boyd is a member of Beta Gamma Sigma, the honor society for collegiate business schools and is a Certified Public Accountant in the state of Oklahoma and a Certified Global Management Accountant. He holds a series 65 securities license.
MR. RONNIE TUCKER is a seasoned Irish business executive and financial and economic consultant with extensive practical experience. He has worked as a corporate business process reengineering Project Director in Helsinki, as a CFO/COO in New York, as a Director of Corporate Risk Management in Brussels and as a Financial Analyst in Silicon Valley. He has been a board member in Belgium, France, Ireland, Italy, Netherlands, UK and USA and has sat on a number of board audit, finance and governance sub-committees. Since 2012 he is a Divisional Director with Indecon Consultants. Since 1997 he has trained more than 4,000 non-financial managers in finance, economics and accounting for multinationals, governments and management institutes. He also taught management at the National University of Ireland and has spoken on governance for the Institute of Chartered Accountants in Ireland. Ronnie has a particular interest in the petroleum industry. In 2012 he taught MPs and civil servants from the Ministries of Finance and Natural Resources in Kurdistan, Iraq on production sharing contracts. He also recently trained government officials from Myanmar in energy project economics and finance. His long client list includes ExxonMobil and Schlumberger. He is a member of the petroleum business faculty at PetroSkills. He conducted cost-benefit appraisals of infrastructure projects for the Office of the Prime Minister of Malta. This also involved knowledge transfer to the Prime Minister's staff. Ronnie brings to bear his work in many industries including pharmaceuticals, logistics, retail, forest products, hospitality, and ports. He has worked extensively in the Middle East including in Algeria, Dubai, Egypt, Iraq, Morocco, Oman, Syria, and Tunisia. For petroleum industry clients he has also worked all over the world. Ronnie has a Bachelor's degree in business and economics from Trinity College, Dublin (1978) and an MBA from Stanford University (1985).
In-House Course Presentations
All courses are available for in-house presentation to individual organizations. In-house courses may be structured the same as the public versions or tailored to meet your requirements. Special courses on virtually any petroleum-related subject can be arranged specifically for in-house presentation. For further information, contact our In-House Training Coordinator at one of the numbers listed below.
Telephone 1- 832 426 1234
Facsimile 1- 832 426 1244
Public Course Presentations
How to contact PetroSkills:
1-800-821-5933 toll-free in North America or
Address P.O. Box 35448, Tulsa, Oklahoma 74153-0448, U.S.A