Developing Project Strategy in the Oil & Gas Industry

An Intensive 5 - Day 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
PMI® Registered training

Scheduled Dates

12 - 16 Sep 2022 Dubai - UAE $5,950
09 - 13 Jan 2023 London - UK $5,950
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Why Choose this Training Course?

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?

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?

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?

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, a PetroKnowledge 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 Course

The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on our Project Management oriented training courses, to help them achieve or maintain PMI® professional credentials.

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

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Frequently Asked Questions

How can I register for a training course?

  • 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 56 222 7795 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • 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.

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.

Is there a discount for more than one registrant/course?

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

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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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