Oil & Gas · Professional · Corporate
UPCOGM
Upstream Petroleum Cost Trends & Benchmarking
Oil & Gas
Professional level
10 Modules
40 Topics
Corporate
In-house or live virtual
Certification
Blue Ocean Academy certificate
UPCOGM
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Tailored delivery for teams.
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Blue Ocean AcademyCorporate training terms and scheduling policies apply
About the UPCOGM Program
Upstream project and operating costs move with rig markets, steel prices, contractor capacity and fiscal terms. This program shows cost, planning and commercial teams how to read those movements, build defensible cost estimates and benchmark their assets against comparable operations. Participants work with cost indices, unit cost metrics and benchmarking data. Delivered in-house at the client's premises or live virtual, teams leave able to explain cost variance and challenge estimates with evidence.
What You Will Learn
- Understand the cost structure of upstream petroleum projects
- Analyze cost drivers across drilling, facilities and operations
- Apply cost indices to escalate and normalize estimates
- Build unit cost metrics for comparison between assets
- Evaluate benchmarking data sources and their limitations
- Identify cost reduction opportunities without damaging asset integrity
- Measure cost performance against plan and peer groups
- Prepare cost benchmarking reports for management decisions
What you take away
Skills You'll Build
Cost driver analysis
Unit cost benchmarking
Estimate normalization
Cost variance reporting
Core Topics
Who Is This Program For?
Cost engineers
Build estimates that stand up to challenge
Petroleum economists
Model cost trends with current data
Project controls teams
Track cost performance against benchmarks
Procurement and contracts staff
Test contractor pricing against market rates
Asset and operations managers
Compare your unit costs with peers
Planning and budgeting teams
Set budgets on defensible cost assumptions
What's Included?
Delivery at your premises or live virtual for your team- Worked examples using your own asset cost categories
- Participant workbook, benchmarking templates and cost analysis tools
- Certificate of completion issued by Blue Ocean Academy
Blue Ocean Academy
Corporate training terms and scheduling policies apply
Course Outline
- Phases of an upstream project
- Capital and operating cost categories
- Who owns cost in the organization
- Cost terminology used in benchmarking
Every participant receives a Blue Ocean Academy certificate of completion
Choose How You Learn
Showcase Your Oil & Gas Expertise
Every participant receives a Blue Ocean Academy certificate that can be verified by their employer. Corporate clients receive a completion report for the whole cohort.
Digital Certificate
Verifiable Credential
Professional Recognition
Cohort Completion Report
Corporate training
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