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An Intensive 2-Week Training Course

The 10-Day Advanced Financial Modelling
& Petroleum Project Economics

Vital Techniques for Managing Risk & Performance in Oil and Gas

Print this Course

Code Date Venue Fee($)
FI122 04 - 15 Nov 2018 Dubai - UAE 10,250
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 click here

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 click here

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 click here

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 click here

Module 1 - Financial Analysis, Modelling & Forecasting

Day One: Tools to Meet the Challenges of the 21st Century

  • The nature and challenge of competitive business
  • Managing risk and uncertainty
  • Business planning and performance management
  • Measuring the key drivers of business success
  • Financial models – what they are and how to use them most effectively
  • Best practice in building financial models
  • How to get the best results using Excel

Day Two: Building Models for Financial Statement and Ratio Analysis

  • The financial analysis tool kit
  • Building a company financial database in Excel
  • Excel charting basics
  • Analysing the cost-volume-profit relationship
  • Understanding the drivers of shareholder value
  • Modelling and interpreting financial rations
  • Using the model to improve business performance

Day Three: Building Forecasting Models

  • Understanding the drivers of profit and cash flow
  • Designing and building a cash flow forecast model
  • Using Excel’s built-in data analysis tools
  • Analysing trends in past data – moving averages and regression tools
  • Designing and building a sales forecast model
  • Designing and building a cost forecast model
  • Avoiding common problems in forecasting

Day Four: Building Models for Capital Investment Decisions

  • Principles of capital investment decision-making
  • Building a model to calculate company cost of capital
  • The time value of money and principles of discounted cash flow (DCF)
  • Understanding and using Excel’s built-in DCF functions
  • Designing and building a capital investment appraisal model
  • Principles of business valuation
  • Designing and building a business valuation model

Day Five: Building Models for Managing Risk and Uncertainty

  • The impact of risk on financial performance
  • Identifying the key drivers of financial performance and strength
  • “What if” forecasts and how they work
  • Designing and building a financial statement forecasting model
  • How to use Excel Goal Seek tool
  • Using Excel’s Scenario Manager tool
  • Building rolling forecast models in Excel

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

Related Courses click here


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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

Vital Techniques for Managing Risk & Performance in Oil and Gas


Code Date Venue Fees
FI122 04 - 15 Nov 2018 Dubai - UAE $10,250
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: Tools to Meet the Challenges of the 21st Century

Day Two: Building Models for Financial Statement and Ratio Analysis

Day Three: Building Forecasting Models

Day Four: Building Models for Capital Investment Decisions

Day Five: Building Models for 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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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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© 2018. 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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ISO 29990:2010 ISO 29990:2010 & ISO 9001:2015

Our Training Partners

We are an approved training provider and partner to over 10 global institutions. We believe in training excellence and our partners are a testament to that commitment.

Institute of Leadership & Management
Institute of Marine Engineering, Science and Technology
 Maintenance & Reliability Professionals
Energy Institute
merican Society for Nondestructive Testing
American Welding Society
Project Management Institute
German Association for Water, Wastewater and Waste (DWA).

The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.