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.

1. Understanding Economic Terms: Gain familiarity with essential economic terminology, ensuring a strong foundation for discussing financial aspects in the petroleum industry.
2. Conducting Feasibility Studies: Learn how to assess the viability of upstream petroleum projects, enabling you to make informed investment decisions.
3. Grasping Petroleum Project Characteristics: Understand the unique characteristics that set upstream petroleum projects apart from other ventures in the industry.
4. Navigating the Petroleum Project Life Cycle: Comprehend the entire life cycle of a petroleum project, from its inception to its conclusion, and the financial considerations at each stage.
5. Exploring International Petroleum Fiscal Regimes: Gain insights into the various fiscal regimes that govern international petroleum projects, impacting their financial dynamics.
6. Mastering Cash Flow and Profit Forecasting: Acquire the skills to accurately project cash flows and profits, which are critical for effective financial management in the industry.
7. Handling Sunk Costs and Depreciation: Learn how to manage sunk costs and depreciation, key components in financial analysis, and decision-making.
8. Utilising Different Depreciation Methods: Understand various depreciation methods and their applications to ensure precise financial assessments.
9. Managing Inflation in Cash Flow Analysis: Explore methods to account for inflation in cash flow analysis, a crucial skill in a dynamic economic environment.
10. Grasping Project Financing Essentials: Gain insights into the essentials of project financing, including funding sources and financial structuring for petroleum projects.
11. Understanding the Significance of Economic Indicators: Appreciate the role of economic indicators in decision-making and their importance in assessing project feasibility.
12. Mastery of Present Value Concepts and Discount Factors: Learn how to calculate present value and the role of discount factors in evaluating the time value of money.
13. Evaluating Key Metrics like NPV and IRR: Understand the significance of metrics such as Net Present Value (NPV) and Internal Rate of Return (IRR) for project assessment.
14. Assessing the Impact of Project Delays: Learn how to evaluate the effects of project delays on project economics, allowing for better risk assessment.
15. Evaluating Projects Based on Economic Indicators: Develop the skills to make informed decisions by assessing projects through the lens of economic indicators.
16. Recognising Different Types of Risks: Identify various risk types that can impact petroleum projects and strategies to manage them effectively.
17. Utilising Expected Monetary Value Concept: Apply the concept of expected monetary value to make data-driven risk management decisions.
18. Mastering Decision Tree Analysis: Understand how to use decision tree analysis for strategic planning and risk assessment in the petroleum sector.
19. Analysing the Added Value of Data Acquisition: Discover how data acquisition enhances the value of decision-making processes and financial assessments.
20. Proficiency in Probability and Sensitivity Analysis: Develop the ability to assess the impact of variables on petroleum projects through probability and sensitivity analysis.
21. Creating an Integrated Economic Model: Learn how to construct an integrated economic model for oil field development projects, using spreadsheet calculations.
22. Real-Case Economic Evaluation and Risk Assessment: Apply the knowledge gained to evaluate real cases, including economic feasibility and risk assessment for oil field development.

By the end of this course, participants will have a comprehensive understanding of economic and financial aspects within the petroleum industry, equipping them with the skills needed for effective decision-making, risk management, and financial analysis in this dynamic field.

This course is designed to cater to a broad audience in the field of economics and finance, specifically within the petroleum industry. Those who should consider attending this course include:

1. Finance Professionals: Finance experts looking to specialise in the petroleum sector will find this training invaluable. It equips them with the necessary tools for evaluating projects and managing financial aspects within the industry.
2. Petroleum Industry Executives: Executives and decision-makers within the petroleum sector can benefit from a deeper understanding of economic indicators, risks, and cash flow analysis to make informed decisions.
3. Petroleum Engineers: Engineers working in the petroleum industry who want to understand the economic and financial aspects of projects will find this course beneficial. It enables them to make more comprehensive project evaluations.
4. Project Managers: Those responsible for managing petroleum projects will gain a competitive edge by learning how to assess project viability, manage risks, and handle financial aspects effectively.
5. Aspiring Professionals: Individuals who aspire to work in the petroleum industry or want to transition into roles related to finance, project evaluation, and risk management can use this course as a stepping stone.
6. Students and Graduates: Students pursuing degrees in finance, economics, or related fields can enhance their knowledge and employability by gaining insights into the practical application of their studies within the petroleum industry.
7. Analysts and Consultants: Professionals working as analysts or consultants in the petroleum sector can sharpen their skills and expand their career prospects by mastering the content of this course.
8. Anyone Interested in the Petroleum Industry: Even if you're simply curious about the petroleum industry and want to understand its financial aspects, this course offers a comprehensive overview that can satisfy your curiosity.

In summary, this course is open to a wide range of individuals, from beginners with no prior knowledge of the industry to experienced professionals looking to deepen their expertise. It provides the foundational and advanced knowledge needed to excel in roles related to economic and financial analysis within the petroleum sector.