Petroknowledge

An Intensive 2-Week Training Course

The 10-Day Advanced Financial Modelling
& Petroleum Project Economics

Techniques for Managing Risk & Performance in Oil and Gas

Print this Course

Code Date Venue Fee($)
FI122 03 - 14 Nov 2019 Dubai - UAE 9,900

*All fees are exclusive of VAT


Why Choose this Training Course?

In the globally competitive world of the 21st century business decision-makers face unprecedented levels of change, risk and uncertainty and nowhere is this more true than in the oil and gas sector. To survive and flourish in this dynamic environment petroleum professionals need the right tools with which to analyse the economic and other challenges faced by their organisations and to anticipate and manage the many opportunities and threats that may emerge. Traditional forms of economic and financial analysis no longer meet these needs and the most progressive firms are using the power of financial models to help them analyse the challenges and take a more powerful approach to managing risk and uncertainty in their planning and forecasting 

This training course will highlight:

The Structure

This comprehensive training course consists of two modules which can be booked as a 2-week Training event, or as individual, 5 Day courses.

Module 1 - Financial Analysis, Modelling & Forecasting

Module 2 - Petroleum Project Economics & Risk Analysis


Training Objectives

What are the Goals?

This hands-on PetroKnowledge training course has been designed to provide petroleum sector delegates with real practical skills to design and build financial models that will have highly relevant applications in modern oil and gas organisations. By applying advanced techniques for economic and financial analysis, delegates will develop improved skills in forecasting and business decision-making.

By the end of this training course, participants will learn to:

  • Plan the design and functionality of economic and financial models in Excel
  • Use powerful functions built in to Excel for statistical and financial analysis
  • Apply financial analysis techniques to improve investment decision-making
  • Design and build financial models for forecasting sales, costs and profit
  • Implement up to date techniques for managing risk and uncertainty
  • Use financial models to assist in business decision-making

Target Audience

Who is this Training Course for?

The training course is designed to provide useful insights and practical skills to professionals from a wide range of disciplines and industry sectors, but particularly those involved in planning, forecasting and investment decision-making in an age of risk and uncertainty.

This PetroKnowledge training course is suitable to a wide range of petroleum sector professionals but will greatly benefit:

  • Finance professionals
  • Budgeting and planning managers
  • Commercial managers
  • Divisional managers
  • Purchasing and supply chain managers
  • Project managers

Training Methods

How will this Training Course be Presented?

This is a highly participative workshop style training course focused on developing practical skills that delegates can apply in real life business situations on return to their own organisation. Each module includes a thorough review of the relevant theory before focusing on life-like business case studies with which delegates can practice the design and construction of financial models, analysis tools and forecast applications in Excel, using laptops provided for the course.

Daily Agenda

Module 1 - Financial Analysis, Modelling & Forecasting

Day One: The Competitive Challenge in the 21st Century 

  • Identifying and managing stakeholder needs
  • Business models and how they are disrupted
  • An integrated approach to risk management
  • The essentials of business performance management

Fundamentals of Financial Modelling

  • Financial statements basics
  • Fundamentals of financial modelling

Day Two: Mastering Financial Analysis 

  • Building a financial ratio database in Excel
  • Practical modelling: The cost-volume-profit relationship
  • Measuring and improving return on investment
  • Measuring and improving asset management efficiency
  • Measuring and managing capital structure and risk
  • Practical modelling: The effect of gearing on shareholders’ earnings

Day Three: Improving Financial Forecasting 

  • Practical modelling: using Excel statistical analysis tools
  • Avoiding common forecasting problems
  • Using moving averages to analyse time series data
  • Using linear regression for sales trend analysis
  • Using Excel Solver to minimise forecasting error
  • Using regression and correlation to forecast costs
  • Practical modelling: Cash flow forecasting

Day Four: Financial Models to Improve Investment Decision-Making 

  • Principles of capital investment decision-making
  • Sources and cost of business finance
  • Practical modelling: using Excel discounted cash flow tools
  • Practical modelling: Capital investment analysis
  • Essentials of business valuation
  • Practical modelling: Business valuation based on shareholder value added

Day Five: Managing Risk and Uncertainty 

  • Identifying and analysing business risk
  • Probability based approach to decision-making
  • Monte Carlo simulation
  • Sensitivity analysis and “what-if” forecasting
  • Identifying the key drivers of financial performance
  • Practical modelling: Key driver “what-if” forecast

Module 2 - Petroleum Project Economics & Risk Analysis

Day Six: Cash Flow Analysis

  • Familiarization with Economic terms
  • Setting up Cash Flow Calculation
  • Depreciation Methods
  • Loss Carry Forwards
  • Inflation
  • Nominal & Real Cash Flow
  • Sunk Costs
  • Project Financing

Day Seven: Economic Indicators

  • Economic Indicators Definitions
  • Present Value Concept
  • Discount Factor
  • Net Present Value
  • Internal Rate of Return
  • Effect of Project Delay
  • Payback Period
  • Profit/Investment Ratio
  • Incremental Projects

Day Eight: Risks and Uncertainties

  • Risk & Uncertainty
  • Expected Value Concept
  • Decision Tree Analysis
  • Farm-out Decision
  • Probability Analysis
  • Sensitivity Analysis
  • Probability Distribution
  • Monte Carlo Simulation

 Day Nine: Setting up Spreadsheet Calculation

  • Introduction to Spreadsheet Calculation
  • Simple Cash Flow using Excel
  • NPV calculations
  • Application of economic indicators
  • Class discussion

Day Ten: Setting up Oil Field Development Model

  • Group activities
  • Setting up an Integrated Economic Model of a Typical Oil Field Development
  • Project Sensitivity Analysis for the selected model
  • Introduction to Russell field model
  • Final remarks

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Home » Courses » Finance, Budgeting & Accounting » The 10-Day Advanced Financial Modelling & Petroleum Project Economics
PetroKnowledge Training


The 10-Day Advanced Financial Modelling
& Petroleum Project Economics

Techniques for Managing Risk & Performance in Oil and Gas


Code Date Venue Fees
FI122 03 - 14 Nov 2019 Dubai - UAE $9,900



Why Choose this Training Course?

In the globally competitive world of the 21st century business decision-makers face unprecedented levels of change, risk and uncertainty and nowhere is this more true than in the oil and gas sector. To survive and flourish in this dynamic environment petroleum professionals need the right tools with which to analyse the economic and other challenges faced by their organisations and to anticipate and manage the many opportunities and threats that may emerge. Traditional forms of economic and financial analysis no longer meet these needs and the most progressive firms are using the power of financial models to help them analyse the challenges and take a more powerful approach to managing risk and uncertainty in their planning and forecasting 

This training course will highlight:

The Structure

This comprehensive training course consists of two modules which can be booked as a 2-week Training event, or as individual, 5 Day courses.

Module 1 - Financial Analysis, Modelling & Forecasting

Module 2 - Petroleum Project Economics & Risk Analysis


Training Objectives

What are the Goals?

This hands-on PetroKnowledge training course has been designed to provide petroleum sector delegates with real practical skills to design and build financial models that will have highly relevant applications in modern oil and gas organisations. By applying advanced techniques for economic and financial analysis, delegates will develop improved skills in forecasting and business decision-making.

By the end of this training course, participants will learn to:

Target Audience

Who is this Training Course for?

The training course is designed to provide useful insights and practical skills to professionals from a wide range of disciplines and industry sectors, but particularly those involved in planning, forecasting and investment decision-making in an age of risk and uncertainty.

This PetroKnowledge training course is suitable to a wide range of petroleum sector professionals but will greatly benefit:

Training Methods

How will this Training Course be Presented?

This is a highly participative workshop style training course focused on developing practical skills that delegates can apply in real life business situations on return to their own organisation. Each module includes a thorough review of the relevant theory before focusing on life-like business case studies with which delegates can practice the design and construction of financial models, analysis tools and forecast applications in Excel, using laptops provided for the course.

Daily Agenda

Module 1 - Financial Analysis, Modelling & Forecasting

Day One: The Competitive Challenge in the 21st Century 

Fundamentals of Financial Modelling

Day Two: Mastering Financial Analysis 

Day Three: Improving Financial Forecasting 

Day Four: Financial Models to Improve Investment Decision-Making 

Day Five: Managing Risk and Uncertainty 

Module 2 - Petroleum Project Economics & Risk Analysis

Day Six: Cash Flow Analysis

Day Seven: Economic Indicators

Day Eight: Risks and Uncertainties

 Day Nine: Setting up Spreadsheet Calculation

Day Ten: Setting up Oil Field Development Model

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© 2019. Material published by Petroknowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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