EducationThe COLC will be developing different courses reviewing each component in the crude oil life cycle.
The Crude Oil Logistics Committee (COLC) is moving forward with development and release of new online training courses related to the proper process and procedures for oil forecasting. This is an important component of the oil and gas industry as companies move through the crude oil life cycle of exploration, extraction, transportation, forecasting, nomination and sale. For more information or if any question or comments please send an email to email@example.com.
The first module in this new series is COLC Introduction to Crude Oil. In this introductory course, you will learn how a fictitious company called Red Energy explores and develops their land for crude oil, the various modes of transportation they use for moving their crude oil, and how Red Energy forecasts and nominates their crude oil to be sold to the market. Finally, you will learn now Red Energy’s monthly settlements process works to determine their revenue. This introductory course will be available at a cost of $250.00 CAD/user and accessible through the Petrinex LMS website. For more information, please download this PDF file.