Developing Project Strategy in the Oil & Gas Industry

A PMI® Registered Training Course

Developing Project Strategy
in the Oil & Gas Industry

Understand How to Make the Appropriate Decisions
to Select and Support Projects

PMI® Registered Training Courses
Developing Project Strategy in the Oil & Gas Industry

Scheduled Dates

Classroom

09 - 13 Dec 2024New York - USA$6,950RESERVE A SEAT
06 - 10 Jan 2025London - UK$5,950RESERVE A SEAT
14 - 18 Apr 2025London - UK$5,950RESERVE A SEAT
26 - 30 May 2025Dubai - UAE$5,950RESERVE A SEAT
21 - 25 Jul 2025London - UK$5,950RESERVE A SEAT
25 - 29 Aug 2025New York - USA$6,950RESERVE A SEAT
25 - 29 Aug 2025Dubai - UAE$5,950RESERVE A SEAT
06 - 10 Oct 2025Houston TX - USA$6,950RESERVE A SEAT
20 - 24 Oct 2025London - UK$5,950RESERVE A SEAT
24 - 28 Nov 2025London - UK$5,950RESERVE A SEAT
08 - 12 Dec 2025Pretoria - South Africa$5,950RESERVE A SEAT
15 - 19 Dec 2025New York - USA$6,950RESERVE A SEAT

Online

26 - 30 May 2025Online$3,950RESERVE A SEAT
25 - 29 Aug 2025Online$3,950RESERVE A SEAT
24 - 28 Nov 2025Online$3,950RESERVE 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.

In-House Solutions ›

Why Choose this Training Course?

Today, large projects in the oil and gas industry face daunting challenges as they become increasingly complex, innovative and technologically demanding.  Project decision and strategy making allows the determination of the basic long-term goals and objectives of an enterprise.  It is more and more important that the correct project selection is made, that the benefits are clearly set out and understood at the outset and that the project is planned appropriately to support good delivery.

"If a man will begin with certainties, he shall end with doubts, but if he will be content, to begin with doubts he shall end in certainties." - Francis Bacon

Making good, solid project decisions is extremely important task for organisations, but not an easy thing to do. This PetroKnowledge training course offers an insight into decision-making procedures in a step-by-step manner.  It presents decision-analysis, using different decision criteria, different types of information, and information of varying quality. It covers the analysis of decision alternatives and choices, as well as the goals and objectives that guide decision-making.   We will take time to cover the key issues related to a decision-maker's preferences regarding alternatives, criteria for choice, and choice modes, together with relevant risk assessment tools.   All key information that will make delivering projects in the oil and gas industry more successful, from the viability of a project to recognising how to measure it with emphasis on timely delivery, cost benefit and value addition, will be discussed.

Key areas covered include:

  • Project Sanctioning and approval Process (PSAP)
  • Understand structural and systematic aspects of project planning and execution used on Oil and Gas projects
  • Identify with and understand reasons for project failures and successes (using examples)
  • Comprehend how project success is identified and measured
  • Gain familiarisation with project financing methods & Financial modelling   
  • Understanding the need for continual decision-making through the project life cycle

This training course will highlight:

  • The need to undertake Front End Design & Survey in an Oil & Gas environment
  • How to establish the key requirements necessary to support Oil& Gas project approval
  • How Oil & Gas organisations ascertain the strategic fit and relevant options for project delivery
  • Appropriate decision-making tools & techniques that have been tried and tested
  • The importance of behavioural skills in a highly technical environment

What are the Goals?

This Project Strategy Development training course intends to guide successful project selection and delivery.

Criteria to be observed in generating the objectives:

  • Identify with relevant stakeholders and communication needs in the Oil & Gas industry
  • Understand key contextual requirements within the project environment
  • Learn how to use appropriate decision-making tools & techniques that have been tried and tested
  • Accurately estimate and allocate project costs and associated benefits

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

  • Systematically define, design, and integrate end-user requirements in the project decisions
  • Understand how the time-value of money techniques help to support decisions
  • Identify risk sources and learn how to mitigate potential risks and deal with uncertainty
  • Use appropriate tried and tested decision-making tools & techniques

Who is this Training Course for?

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

  • Project Management Professionals
  • Senior Management Decision Makers
  • Commercial Management
  • Financial Management
  • Senior business services professionals who hold responsibility for projects and costs in client and contracting companies

How will this Training Course be Presented?

Course participants will receive a thorough training on the subjects covered with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Project methodology includes an insight into organisational decision methods and short and long-term strategy considerations. The training course includes an evaluation of project leadership skills required and will evaluate an applicable case study, with group discussion and critical analysis of this and other actual Oil & Gas projects.

Daily Agenda

Day One: Concepts of Project Management & Intricacies of Project Approval in Oil & Gas Industry
  • Projects and Programmes
  • Project Life Cycles and Stage Gates
  • Project Sanctioning and approval Process. (PSAP) for the Oil & Gas Industry
  • Development of the Strategic Project Business Case
  • Project Identification–Awareness of accountability of Project Ideas
  • Exploratory decision-analysis
Day Two: Project Context for Oil & Gas Projects
  • Appreciation of macro-environment in relation to project choice
  • Understand who stakeholders are and how they may impact upon the project
  • Regulatory framework, institutional factors and infrastructure
  • Project Feasibility Decision makers
  • Project Preparation & Planning responsibilities
Day Three: Project Financial Modelling and Project Leadership Skills
  • Structuring project finance deals
  • Financing/ credit risk considerations for the Oil & Gas project
  • The time value of money – how it applies to project finance
  • Yields and rate of return - Discounted Cash Flow (DCF) analysis
  • Build an executive leadership style that guides the project toward greater performance and profit
  • Understand the Project Organisation in a typical Oil & Gas project
  • Project Manager–Unique Requirements
Day Four: Identify Reasons for Project Failures & Prepare for Successful Delivery and Integration
  • Understand why some projects fail
  • Gain an understanding of successful projects and analyse reasons for success
  • Development of the Project Charter
  • Define success criteria and KPI’s of an example Oil & Gas project
  • Capture Project Requirements
  • Understand the need for a project team approach
  • Importance of communication in an Oil & Gas project
  • Working Collaboratively
Day Five: Development Project Stakeholder Relationships & Project Communication
  • Identify and plan to engage with the project’s key stakeholders
  • Creating project dashboards
  • Presenting decisions to the project board
  • Recognising need for Project Recovery
  • Control Decision-making

Certificate

  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
  • On successful completion of this PetroKnowledge training course, Certificate with eligible Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates

Accreditation

PMI® Registered Training Courses

In Association With

This training course is also part of the 10-day titles:
Developing Project Strategy and Strategic Management Certificate in the Oil & Gas Industry
Project Management for the Oil and Gas Industry

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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].

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