Classroom session
12-16 May 2025
KL, Malaysia
Classroom session
06-10 Oct 2025
Istanbul, Türkiye
12-16 May 2025
KL, Malaysia
06-10 Oct 2025
Istanbul, Türkiye
Course Summary
In this comprehensive training program, we invite you to embark on a journey into the intricate world of cash flow analysis, economic indicators, risks and uncertainties, and oil field development. Over the course of five days, you will delve into various aspects of the petroleum industry, gaining a profound understanding of the economic and financial factors that drive this dynamic sector.
Day 1 - Cash Flow Analysis
On the first day, we'll lay the foundation for your exploration:
Familiarisation with Economic Terms
We begin with a primer on essential economic concepts. Understanding the terminology is key to unraveling the complexities of the petroleum industry.
Feasibility Studies
Dive into the critical process of feasibility studies, where you'll learn how to assess the viability of upstream petroleum projects.
Characteristics of Upstream Petroleum Projects
Explore the unique characteristics that distinguish upstream petroleum projects from other endeavours in the industry.
Petroleum Project Life Cycle
Understand the entire life cycle of a petroleum project, from inception to completion.
International Petroleum Fiscal Regimes
Examine the varying fiscal regimes that govern international petroleum ventures.
Understanding Cash Flow and Profit Forecasting
Learn how to project cash flows and profits accurately, a fundamental skill in financial management.
Day 2 - Cash Flow Analysis (Continued)
Building on the foundations of Day 1:
Exploring Sunk Costs and Depreciation
Delve deeper into the intricacies of financial analysis, including the handling of sunk costs and depreciation.
Different Depreciation Methods
Learn about the various depreciation methods and when to apply them for precise financial assessments.
Handling Inflation in Cash Flow Analysis
Discover how to factor inflation into your cash flow analysis, a vital skill in a constantly changing economic landscape.
Project Financing Essentials
Explore the essentials of project financing, including funding sources and financial structuring.
Day 3 - Economic Indicators
Transitioning into economic indicators:
The Significance of Economic Indicators
Uncover the role and importance of economic indicators in decision-making.
Present Value Concept and Discount Factor
Learn how to calculate present value and the role of the discount factor in assessing project viability.
Key Metrics like Net Present Value and Internal Rate of Return
Gain expertise in metrics like Net Present Value (NPV) and Internal Rate of Return (IRR), crucial for project evaluation.
Assessing the Effect of Project Delays
Understand how to evaluate the impact of project delays on your economic indicators.
Evaluating Projects Based on Economic Indicators
Learn how to make informed decisions by evaluating projects through the lens of economic indicators.
Day 4 - Risks and Uncertainties
Navigating through risks and uncertainties:
Different Types of Risks
Identify the various types of risks that can affect petroleum projects and how to mitigate them.
Expected Monetary Value Concept
Delve into the concept of expected monetary value to make better risk-based decisions.
Decision Tree Analysis
Learn how to use decision tree analysis for strategic planning and risk assessment.
Analysing the Added Value of Data Acquisition
Discover how data acquisition can enhance the value of your analysis and decision-making processes.
Probability and Sensitivity Analysis
Master the art of probability and sensitivity analysis to assess the impact of variables on your projects.
Day 5 - Setting up Oil Field Development Model
On the final day, we'll explore the practical application:
Introduction to Spreadsheet Calculations
Equip yourself with the tools to perform complex calculations through spreadsheets.
Creating an Integrated Economic Model for an Oil Field Development Project
Bring together all the knowledge you've gained to construct a comprehensive economic model for an oil field development project.
Real-Case Economic Evaluation and Risk Assessment
Put your skills to the test with real-case scenarios, evaluating the economic feasibility and risks of oil field development.
Conclusion
This program offers a holistic understanding of the economic and financial aspects of the petroleum industry. You'll leave with the skills required for effective decision-making and risk management in this dynamic and ever-evolving sector. Don't miss this opportunity to gain a competitive edge in the world of petroleum economics and finance.
Virtual Sessions
All our courses are available virtually using MS Teams & Zoom platforms
US$
2,200
Classroom Sessions
All our classroom sessions are now resumed and courses are held in different cities around the world.
Kindly refer to our 2025 calendar for dates & locations
US$
3,900
We are pleased to offer all our courses as fully customisable In-House training programs, designed to meet your specific needs. Whether you prefer the course to be conducted at your office or any location of your choice, we are here to make it seamless for you. Email us at j.rogus@londonpetroacademy.co.uk to discuss further.
Subscribe to our newsletter
Don't miss out!
Subscribe to our newsletter and get updated with all our upcoming courses