An Intensive 3-day Training Course
Data and Decision Analysis in Petroleum Industry
Scheduled Dates
Classroom
27 - 29 Jan 2025 | Dubai - UAE | $3,900 | RESERVE A SEAT |
07 - 09 Jul 2025 | Dubai - UAE | $3,900 | RESERVE A SEAT |
20 - 22 Oct 2025 | Dubai - UAE | $3,900 | RESERVE A SEAT |
26 - 28 Jan 2026 | Dubai - UAE | $3,900 | RESERVE A SEAT |
Online
20 - 22 Oct 2025 | Online | $2,950 | RESERVE A SEAT |
Are the scheduled dates matching with your needs?
We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.
Why Choose this Training Course?
The petroleum industry must constantly face new challenges. Oil and gas companies should create value with uncertain prices, technical and environmental obstacles, and increasingly hard-to-find resources in a complex global trade system. In this this PetroKnowledge training course, we discuss the art and science of decision making in modern petroleum organizations with an emphasis on methods, data analytics, and human aspects. The PetroKnowledge course covers applications from oil and gas exploration and production to midstream and downstream projects.
For an effective learning experiences, we use Microsoft Excel, and to some extent, Spreadsheet simulation software.
This PetroKnowledge training course will highlight:
- The value chain in petroleum industry and their data analysis needs
- decision making processes and tools
- Human biases in decision making
- The role of information, statistics, and modern analytics in decision making
- Applications in exploration, development, production, and transportation of petroleum
What are the Goals?
We aim to enhance participants’ understanding of decision making by focusing on data, methods, and behavioral aspects. We explore the role of intuitive versus analytical reasoning in decision-making. We will also discuss how sound approaches to decision-making can influence sustained development and innovation in the petroleum business.
At the end of this PetroKnowledge training course, you will:
- Understand the importance of good decision making in petroleum business
- Understand the relationship between data, uncertainty, and the concept of risk
- Gain skills in effective formulation of analytics
- Understand the human biases and their effect on decisions
- Learn about industry best practice and their real-world implementations
Who is this Training Course for?
This PetroKnowledge training course is useful for analysts, engineers, and managers involved in the data gathering, processing, interpretations, and supporting decisions. In short, all of us.
This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:
- Technical staff interested in data and decision analysis
- Executives interested in gaining in-depth knowledge of analysis and how they support decisions
- Practitioners that work with data
- Researchers and practitioners who aim to broaden their knowledge of analytics and decision making
How will this Training Course be Presented?
We use a series of lectures and discussions to present the concepts and material. Analytics are valuable only when they affect the decisions, therefore, in addition to the lectures we also undertake computer modeling and analysis. We use MS Excel, its statistical package, and its optimization add-in called Solver.
To support the lectures, we will also supply the participants with a series of videos, course slides, and supplementary reading material helping the learning process.
Organisational Impact
Improving analysis and decision-making skills creates value for organizations. In essence, the only function of any organization is making business decisions. This course prepares individuals for the challenges of real world-decisions, from highly uncertain, data-scarce situations to information-rich environments.
This PetroKnowledge training course trains individuals that:
- Increase the capabilities of organizations by generating insights from data
- Possess knowledge and skills of dealing with uncertainty
- Open doors to value creating opportunities
Personal Impact
In general, more informed analysis leads to more informed decision making. The set of skills that this PetroKnowledge training course offers prepares individuals for a more effective role within the organization. This PetroKnowledge training course:
- Prepares individuals for a role with wider perspective
- Gives participants a more informed frame of mind
- Supports their existing knowledge and skill set by improving their analytical capabilities
- Enables participants to analyze complex decisions and generate insights
- Promotes personal skills in valuation and effective decision making
Daily Agenda
Day One: Introduction to Good Decision Making
- Decision analysis
- Good decisions vs. good outcomes
- Information for effective decision making
- Introduction to data, statistics, and modern analytic methods
- Uncertainties: using probability to encode uncertainty
Day Two: Effective Tools and Methods
- Analytic tool: decision trees
- Analytic tool: statistical inference
- Analytic tool: regression analysis
- Using spreadsheets to solve real world oil and gas problems
- Practical aspects of data and decision analysis
Day Three: Advance Topics
- An introduction to optimization
- Linear Programming: Case Study, what is the best generator choice?
- Integer programming: Knapsack problem
- Bayesian analytics
- Value of Information: Case study, what is the value of seismic information?
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
When should I expect to receive confirmation of registration?
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.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].