Advanced Financial Modeling for Oil & Gas

An Intensive 10-day Training Course

Advanced Financial Modeling for Oil & Gas

Advanced Financial Modeling for Oil & Gas

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We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department at info@petroknowledge.com

Why Choose this Training Course?

This intensive 10-day course is designed to develop your financial modelling skills, taking you from Foundation level through to Advanced level, through the evaluation and analysis of case studies in the Oil & Gas sector. It will also develop your knowledge and understanding of finance enabling you to make financial decisions which will, reduce costs, increase profit and minimize risk.

The course will use the latest tools and techniques estimating sales, costs, risk and economic variables leading to advanced financial optimization models using Excel, best international practice, tools and techniques.

This course will feature:

  • Practical application of advanced financial modelling skills to real life case studies in the Oil & Gas sector and your company
  • Development of advanced financial knowledge and its application to business problems and decision making
  • The development of Advanced Financial Models which will be of practical use to you and your organization
  • Training using Excel and the latest financial analysis tools and techniques
  • Supporting material in both hard and soft copy explaining key Excel

MODULES

This PetroKnowledge training course is split into these modules:

MODULE I - Effective Contractor Management in Maintenance & Technical Projects

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking these Modules back-to-back as a "number of weeks" training course.

What are the Goals?

By the end of this course, participants will be able to:

  • Make improved financial decisions using Advanced Financial Models
  • Develop a range of financial models using Excel to prepare financial statements, evaluate performance, evaluate capital investment decisions, manage projects and risk
  • Apply the latest tools and techniques to analyse financial data
  • Manage sales, costs and financial risk using financial models
  • Prepare, use and report on advanced financial models

Who is this Training Course for?

This course is suitable to a wide range of professionals but will greatly benefit:

  • Professionals who need to develop a greater understanding of finance
  • Professionals who need to develop their financial modelling skills to an advanced level
  • Those who make decisions using financial models or are impacted by those decisions
  • Those responsible for managing finance
  • Those responsible for managing or monitoring oil & gas projects

How will this Training Course be Presented?

Throughout the course they will work on case studies and real life examples to develop their Financial Modelling and Finance skills from Foundation to Advanced level.

The course is taught by an experienced financial practitioner, who will guide you through finance and the latest tools and techniques, using a range of methods including discussions, case studies and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.

The course is highly participatory ensuring that delegates leave with new skills to benefit their personal and organizational development.

Daily Agenda

Module 1: Effective Contractor Management in Maintenance & Technical Projects
Day One: Contractor Management Basics
  • Overview of contractor management
  • How does it relate to asset management?
  • (Out)sourcing strategies
  • Risks involved – risk management & SHE aspects
  • Grounding the maintenance contract with a Risk Based Maintenance concept – how to keep that knowledge in-house
Day Two: Contract Types for Maintenance & Technical Projects
  • Contracts – basic types
  • Contracts – complex types (Turnkey, Design & Construct, Public Private Partnerships)
  • Procurement aspects
  • Choosing the right contractor
  • Monitoring & managing contractor performance – from traditional penalties & rewards to more innovative ways
Day Three: Developing the Contract
  • The contracting cycle
  • Requirements / service levels, RAMS aspects (Reliability Availability Maintainability Safety)
  • Writing the contract
  • Periodic evaluation & continuous improvement – vendor management
  • Partnerships
Day Four: People Management & Negotiation Aspects
  • Implementing contract management
  • How to make it work by influencing the behaviour of people
  • Negotiating the contract
  • Negotiation ploys
  • Negotiation tactics & tips
Day Five: Final Workshop

In a very interactive workshop all major topics of this seminar will be highlighted and practised in groups. Major topics will be:

  • Requirements / service levels – defining what you want
  • Tendering process
  • Contractor selection
  • Contractor management – measuring & managing the performance
  • Negotiation
  • Evaluation

Certificate

  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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