IHRDC Successfully Completes 1998 Energy Management Programs

Boston, October 1998: IHRDC offered four of its world renowned Energy Management Training Programs in Boston during 1998. During the eight consecutive years that these internationally focused programs have been organized, more than 900 managers have participated. 1998 participants in each program praised the combination of formal lectures by industry specialists and the practical hands-on learning that took place in the business simulation workshops.

The second annual International Petroleum Exploration and Development Business Management Program was offered for two weeks during April and May. Managers from 14 countries were in attendance to gain a comprehensive, integrated understanding of the upstream sector of today’s international oil and gas business.

The fifth annual International Gas Business Management Certificate Program was offered for two weeks in June. The program provided an outstanding overview of the upstream and downstream sectors of the rapidly changing international gas industry to more than 45 managers from 20 countries.

The International Power Business Program was offered for one week in June to managers from 12 countries. Participants gained an understanding of the technical, economic, business, legal, financial and operational factors that are shaping the dynamic changes in the international power business today.

The eighth annual offering of the International Petroleum Management Certificate Program took place during four weeks in September and October with 58 managers from 15 countries in attendance. IHRDC’s flagship program included participants from Nigeria, Angola, Brazil, Venezuela and Hungary amongst others. Business simulation workshop sessions were an integral part of the program, and allowed participants to learn about the petroleum industry in the most effective, long-lasting and realistic way: as active team members.

For Information: Dr. David Donohue
Tel: (617) 536-0202
Fax: (617) 536-4396
Email: ddonohue@ihrdc.com

IHRDC Runs International Gas Business Workshop in Bangkok for Unocal Thailand – A Huge Success!

Baagkok, August 1998: IHRDC organized its International Gas Business Workshop in August for Unocal Thailand in Bangkok. The workshop is a five-day management program which covers the full range of the gas industry: from early exploration to market development. With the rapid expansion of the international gas industry, Unocal Thailand discovered a compelling need for a “gas business” management development program to bring their managers up to date on current technology, economics and business practices of this rapidly changing industry.

IHRDC President, Dr. David A.T. Donohue, IHRDC Project Manager, Maher Habbal, and Consultant, Richard A. Norman, taught the course to twenty-three managers from Unocal Thailand. The instructional format consisted of a careful balance of lectures and a practical business simulation workshop, where participants made actual technical and financial decisions as they explored for and developed gas reserves in the fictitious Republic of Singnam.

At the end of the program, a Manager from Unocal stated, "Great program! I learned more in one week than in the last five years of ‘basic’ courses combined!"

IHRDC offers the International Gas Business Workshop, as well as the International Petroleum Business Workshop, the International Power Project Development Workshop and the International Hydrocarbon Marketing Workshop, all over the world on a private, in-house basis. These workshops can be tailored to meet each company’s specific needs. Please contact IHRDC for further information.

For Information: Dr. David Donohue
Tel: (617) 536-0202
Fax: (617) 536-4396
Email: ddonohue@ihrdc.com

IHRDC Wins Two Telly Awards

Boston, May 15, 1998: It  was announced today that IHRDC won two prestigious awards for video production excellence in the 19th Annual Telly Awards competition.

A Finalist Award and Silver Statuette was presented to IHRDC for the corporate promotional video it produced for Occidental International Exploration and Production Company titled "Oxy: Your Partner for Technology." This custom video highlights Oxy's impressive corporate image, and international exploration and production capabilities, focusing on Oxy's industry record, worldwide experience, exceptional professional staff and cutting edge technologies.

A Finalist Award and Silver Statuette was also presented to IHRDC for the Video Library for E&P Specialists program titled "Gravity and Magnetics: Field Work, Processing and Interpretation." This training video, one of IHRDC’s 113 VLEP titles, uses original location footage and custom graphics to show how explorationists interpret gravity and magnetic data and how they can apply these techniques to exploration efforts. An accompanying manual contains a detailed, in-depth discussion of the theory, mathematics and tools of gravity and magnetic surveys.

For more information regarding IHRDC's video production services and how it can help with your company's next communication or training need, please contact IHRDC's Media Services.

For Information: Timothy Donohue
Director, Media Production
Tel: 617-536-0202 ext228
Fax: 617-536-4396
Email: tdonohue@ihrdc.com

Second Offering of Exploration & Development Program a Success

Boston, April 1998: The second annual offering of IHRDC's International Petroleum Exploration & Development Business Management Program took place in Boston during two weeks in late April and early May with managers from 14 countries in attendance. Dr. David A. T. Donohue, President of IHRDC, directed the program with the able support of such distinguished speakers as John I. Howell of J.I. Howell & Co. (Portfolio Management), Dr. Lesli J. Wood of the Bureau of Economic Geology at the University of Texas (State of Technology in Geological Exploration), Dr. Ken Larner, Colorado School of Mines (Improving Exploration Success Using Geophysics), Neville Henry, Anadarko Petroleum Corporation (Cutting-Edge Exploration Practices), and Dr. J.J. Azar, University of Tulsa (Recent Developments in Drilling and Formation Evaluation). Delegates praised the combination of formal lectures by these specialists and the practical and integrated "business" learning that occurred in the workshops. At the end of the program David Ochoa of Petroleos de Venezuela stated, "This is the best program I have ever attended".

For Information: Dr. David Donohue
Tel: (617) 536-0202
Fax: (617) 536-4396
Email: ddonohue@ihrdc.com

Senior Executives of KAZAKHOIL to Visit Boston, Caracas, and Kuala Lumpur

Boston, February 1998: A group of senior managers of the National Oil and Gas Company of Kazakstan - KAZAKHOIL - will be visiting Boston, Caracas, and Kuala Lumpur in February as part of a management program and study tour that is being organized by International Human Resources Development Corporation (IHRDC) of Boston, under the auspices of the World Bank.

The program will begin in Boston on February 15 with three day lecture-workshop sessions devoted to strategic planning, leadership, measurement of performance and the continuous learning organization. Some of the sessions will be devoted to the important role that national oil companies plan in today’s international oil industry.

The senior managers asked that the study tour, to be scheduled immediately after the Boston session, include visits to forward-thinking national oil companies. IHRDC selected Petroleos de Venezuela and Petronas because of the scope of their activities within their own countries and their international initiatives. The senior managers of each of these two companies have agreed to host the delegation for their tree-day stay in each country (see attached list of delegates). The sessions with PDVSA will begin on February 18 and those with Petronas on February 24.

Background on KAZAKHOIL

Kazakstan is the largest of the former Soviet republics. It is located in Central Asia on the east side of the Caspian Sea and has significant reserves of energy resources. According to the forecasts of international experts, in the next few years Kazakstan should move from 26th place, which it currently occupies, to 6th on the list of world hydrocarbon producers. KAZAKHOIL, formed in 1997, is the largest oil and gas company operating in the Republic of Kazakstan. During the first half of 1997, enterprises of the company produced more than 10 million tons (70 million barrels or approximately 200,000 barrels/day) of oil, 1 million tons of condensate and 2.732 BCM of gas. The company’s aggregate volume of oil reserves is more than 1.5 billion tons (10.5 billion barrels).

At present, 77 fields are under development. The largest of these fields according to established reserves are Tengiz, Karachaganak, Kenbai, Ahanazhol, Zhetybai, Kalamkas, Karazhanbas, Uzen, and Kumkol. Their aggregate reserves are 4.480 billion tons of oil, 1,448 trillion cubic meters of gas and 881 million tons of gas condensate. Projections for an increase in established oil reserves by the 2005 amount to 15 billion tons (105 billion barrels).

The republic’s most prospective projects will involve development of Kazakstan’s sector of the Caspian offshore, where projected reserves of liquid hydrocarbons are estimated at 10 billion tons (70 billion barrels) and investments in developing offshore fields should total $150 billion.

KAZAKHOIL is a participant in the largest oil transportation project on the territory of the former USSR - The Caspian Pipeline Consortium. At present, this project has entered the implementation stage. The volume of exports will amount to 28 million tons of oil annually, including some 20 million tons from Kazakstan. In the future, the volume of exports will be increased in stages up to 67 million tons per year.

As a result of the large scale privatization of the oil and gas sector being carried out in Kazakstan, KAZAKHOIL has become partners with major international firms. On the whole, approximately $2.3 B have been invested in projects in which the company participates. Companies from the USA, Great Britain, Italy, Russia, France, Turkey, and other countries are the main source of such investments.

For information: Cherry C.K. Locke
Tel: 617-536-0202 ext. 219
Fax: (617) 536-4396
E-mail: ihrdceurope@compuserve.com