Target Launch – Second Quarter, 2001 -- Dates to be Announced
Energy Institute, University of Houston-College of Business Administration, Houston, Texas

An Invitation
We invite you to participate in an annual two-week program that targets oil and gas commercial practices within the context of energy sector reform. The Energy Institute at the University of Houston's College of Business Administration is the host institution for this innovative executive program together with the University of Houston Law Center. The U.S. Department of Energy, the World Bank and other agencies, international organizations and leading multinational energy companies, support the program.

Changing dynamics of oil and gas markets and integration of market principles underlie the need for advanced dialogue on commercial practices and energy sector reform to optimize the oil and gas value chains. New Era is designed to hone skills, provide a forum for sharing experiences and a basis for addressing specific problems associated with oil and gas sector reform and value creation.

If you are a sponsoring organization and would like to nominate a New Era participant, please fill out this form.

A continuous, Internet-based virtual environment for pre-program preparation and post-program follow-up will support the two-week program. Critical information is as follows.

• New Era is geared toward senior- and mid-level managers of government ministries, regulatory commissions and national energy companies.
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• Participants from private energy companies are eligible for the program from both non-OECD and OECD markets. Participants from private companies may join the program as part of corporate sponsorship support. For more information on this option, contact the UHCBA Energy Institute.
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• Each session is limited to 45 participants for a more intimate environment.
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• Participants will be selected on basis of credentials, experience and need in their home markets.
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• The principle language for the course is English, with translation assistance if required.
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• Costs to attend are $6,000 for government participants, $7,500 for non-government participants (inclusive of accommodations, meals, course materials and special activities).

New Era emphasizes energy sector restructuring strategies within the context of the commercial oil and gas value chains (oil production, transportation, refining and marketing; natural gas production, transportation, distribution; gas-fired electric power generation). The underlying theme for the program is development of policy and regulatory frameworks that are compatible with the dominant features of the commercial oil and gas value chains. Major segments include the following.

• Overview: World oil and gas outlooks and macroeconomic considerations for private investment and commercialization.
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• Oil and gas value chain features: Industry structure and major business segments; economic and commercial considerations; implications for upstream natural gas resource development from electric power conversion; project finance approaches; implications for policy and regulatory frameworks.
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• Legal, regulatory, contractual concepts: Innovations in upstream arrangements for private participation; conservation practices for oil and gas resource management; contractual distinctions for natural gas exploration and production; downstream contractual issues for both oil and gas operations; pipeline transportation issues; considerations for integrated, field-to-burner tip natural gas projects; implications for midstream and downstream oil and gas value creation from resource ownership models.
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• Taxation and pricing concepts: Tax policy implications; revenue collection and disbursement; commercial and international tax considerations; fiscal issues during implementation of alternative tax mechanisms for private concessions; strategies and policies for price subsidy removal; implications of price deregulation; importance of price rationalization for effective market strategies.
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• Environmental and social concepts: Defining policies and regulations; establishing standards; implementing and enforcing standards; mitigating past damages; building and monitoring local and community relationships.
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• International Colloquium of Energy Sector Reform: Closing session and wrap up with invited keynote speakers and special guests (the Colloquium currently is an annual event hosted by the Energy Institute).

Download a detailed brochure on New Era in Oil and Gas Value Creation.

Click here to enter the New Era in Oil and Gas Value Creation virtual forum. You must first register with the UHCBA Energy Institue to receive a login and password.

Inquiries
Inquire here for information regarding New Era in Oil and Gas Value Creation.