Blockchain for Oil and Gas

A Two-Day Masterclass for Traders and Refiners

Location: Dubai, UAE

Venue: Intercontinental Dubai Festival City (Check The Map)

Starts: 10 Apr 2019

Ends: 11 Apr 2019

Type: Course

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About the Course

Distributed ledger technology, also called “Blockchain”, is penetrating many industries related to petroleum, including Financial Services, Logistics, Commodity Trading, and Automotive Manufacturing. Leading oil companies, including Shell, have made strategic investments in Blockchain companies. This technology is coming quickly to oil and gas —VAKT.IO, a Blockchain based oil and petroleum trading company, has already launched in Europe.

Oil and gas companies need to develop an understanding of this technology and its potential applications in their company and the industry.


Held in conjunction with the MPGC Week Events 2019

Course Director

Key Drivers & Trends

History of Distributed Ledger (Blockchain) Technology

Transformation of Intellectual Property Management

Blockchain Variants and Characteristics

Creation of New Asset Classes (royalties, fees)

Trust Mechanisms and Performance Drivers

Financial System Disruption and Impacts on Commodity Trading

Impacts of Blockchain on Crude Oil, LNG, refined products trading

Impacts of Blockchain with Other Technologies

New Oil and Gas Business Models Enabled by Blockchain

Regulatory Responses to Blockchain

Crude Oil-backed Digital Assets

Course Outline

  1. Introduction to Distributed Ledger Technology (DLT) Aka “Blockchain”
  • History of DLT
  • The underlying technologies
  • Consensus mechanisms
  • Encryption, hashing
  • Maintaining a blockchain — mining
  • Scripts and smart contracts
  • Public, private and hybrid chains
  • Relationship with other digital technologies (internet of things, robots, AI)
  • Leading blockchain deployments (Ethereum, HyperLedger, Bitcoin, other)
  • The first use case – cryptocurrencies, wallets, exchanges, fees, payment services
  • Future directions
  1. Contemporary Developments in Blockchain
  • Interoperability
  • Volatility
  • Governance of blockchain
  • Energy use
  • Regulation
  • Cyber security
  • Valuation
  • Taxation
  • Anonymity
  • Alt coins
  • Decentralised Autonomous Organizations
  1. The Application of Blockchain Technology in Business
  • Conditions favouring DLT
  • Asset uses
  • Implementing trust
  • Resolving ownership
  • Financial settlement
  • Proving identity
  • Managing contracts
  1. Market Overview
  • Leading companies in DLT
  • Leading industrial solutions in Financial Services, Logistics, Automotive
  1. Use Cases in Oil and Gas
  • Supply chain
  • Supply planning and trading
  • Commodity trading (oil, gas, carbon)
  • Capital projects
  • Royalty processing
  • Financial Settlement
  • Loyalty
  • Automotive
  • Blockchain mining
  1. Carrying Out a Blockchain Pilot
  • Designing a pilot
  • Measuring results
  • Key considerations
  1. Resources

Who Should Attend

This course is aimed at professionals from across oil and gas (upstream, midstream and downstream) who are challenged with finding new ways of doing business. The course benefits principally those who fill commercially oriented roles in their companies. Prior experience with blockchain is not necessary.

  • Presidents, CEOs
  • Group CEO/ Board Members
  • Chairman/ Executive Chairman/ Country Chairman/ Managing Directors/ General Managers
  • Chief Financial Officers / Finance Managers
  • Chief Information Officers (CIO), Head/Director of IT
  • Business Development Managers
  • Marketing & Procurement Manager s
  • Digitisation Lead Leaders
  • Head of Supply Trading and Processing/ Global Operations
  • Advisors for Oil, Gas
  • Group and Senior Economists
  • Supply Chain Leaders
  • Directors of Business Strategy
  • Head of Commodities/ Procurement/ Trading
  • Experts & Specialists in Planning/ Logistics/Transportation
  • Managers or Coordinators of Supply/ Administration/ Operations/ Communication / Business

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