Oil & Gas Project Economics 

& Risk Decision Analysis

Techniques for Managing Risk & Performance in Oil and Gas

Classroom session

13-17 May 2024

KL, Malaysia

Classroom session

05-09 Aug 2024

Sharm El Sheikh, Egypt

Classroom session

23-27 Oct 2023

Istanbul, Türkiye

13-17 May 2024

KL, Malaysia

05-09 Aug 2024

Sharm El Sheikh, Egypt

23-27 Oct 2023

Istanbul, Turkey

Course Summary


  • course overview

  • LEARNING OBJECTIVES

  • course audience

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.

Questions about the course?


Why don't you schedule a free Microsoft Teams meeting with one of our advisors at your convenient time?

Course Fees


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 2023 calendar for dates & locations

  • 7 to 8 Hours per day
  • 1 Hour Lunch break with Morning & Afternoon breaks
  • Superfast wifi during the course
  • Held in Five star hotels 
  • Held in different cities around the world

US$

3,900

In-House Solution


All our courses are available In-House and can be tailored to your specific needs. If you are interested in having this course In-House either in your office or in any location of your choice, please complete the form below and one of our advisors will be in touch with you shortly.

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  • 10-Day Oil & Gas Mini MBA
  • Accounting for JV’s & PSC’s in Upstream Oil & Gas
  • Accounting for Oil & Gas
  • Advanced LNG Trading
  • Advanced Oil & Gas Project Economics Evaluation & Financial Modelling
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1

Do you have ten or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.

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If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

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We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment

Questions about the course?

Why don't you schedule a free Microsoft Teams meeting with one of our advisors at your convenient time?

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