Benchmarks
Map a current situation involving benchmarks; separate facts from assumptions and identify questions that need clarification.
All programmesEnergy & Commercial / PM-ENE-003
Oil Pricing, Benchmarks & OSPs
A practical programme in oil pricing, benchmarks & osps, connecting working concepts with team decisions and relevant workplace examples.
About the Course
This programme develops a working approach to oil pricing, benchmarks & osps in the context of commercial energy decisions. Participants move from understanding the main concepts to examining a case, testing alternatives and explaining a practical recommendation. The three modules focus on benchmarks, differentials and osp interpretation. Examples are selected after the training brief so that they reflect the responsibilities and experience of the participant group.
Course Objectives
- Explain the role of benchmarks and identify the information required for a reliable assessment.
- Use a structured worksheet to examine differentials and compare reasonable alternatives.
- Identify assumptions, missing evidence and implementation concerns related to osp interpretation.
- Prepare a comparison of price, delivered cost, value and risk for discussion with a transaction team.
- Translate the exercise into a workplace action plan with owners, review points and measurable progress.
Who Can Benefit
- Oil pricing and commercial analysts: apply benchmarks to their responsibilities through a guided case and a course-specific worksheet.
- Contract teams reviewing benchmark-linked terms: apply differentials to their responsibilities through a guided case and a course-specific worksheet.
- Sales and procurement teams interpreting OSPs: apply osp interpretation to their responsibilities through a guided case and a course-specific worksheet.
Participant experience and learning needs are reviewed before the programme is confirmed.
Curriculum & Practical Work
Differentials
Compare two approaches to differentials; explain the expected benefits, limitations and information gaps.
OSP interpretation
Develop an action plan for osp interpretation; assign responsibilities and agree how results should be reviewed.
Learning Method
Short concept discussions, guided worksheets, group comparisons and instructor feedback, followed by a workplace action plan.
Educational programme. No professional accreditation is implied; specialist legal, engineering or tax advice requires qualified professionals.