An Intensive 5-day Training Course
Financial Control for
Oil and Gas Contracts and Capital Projects
From Contracts to Capital Projects:
Mastering the Drivers of Financial Performance
Scheduled Dates
Classroom
| 13 - 17 Apr 2026 | London - UK | $5,950 | RESERVE A SEAT |
| 26 - 30 Oct 2026 | Amsterdam - The Netherlands | $5,950 | RESERVE A SEAT |
Would an alternative date be more suitable?
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
Why Choose this Training Course?
The oil and gas industry operates in one of the most complex and capital-intensive environments in the global economy. Financial control is essential to ensure that contracts and projects deliver value, risks are properly managed, and resources are allocated efficiently. With multi-billion-dollar investments, volatile commodity prices, and intricate contractual frameworks, organisations need a robust understanding of financial principles and control mechanisms.
This Financial Control for Oil and Gas Contracts and Capital Projects training course equips participants with the tools to evaluate, plan, and control oil and gas contracts and capital projects. By focusing on financial strategy, cost management, and risk techniques, delegates will learn how to strengthen decision-making and improve project performance in a highly competitive industry.
Key features of the Financial Control for Oil and Gas Contracts and Capital Projects training course:
- Provides a comprehensive foundation in oil and gas financial control
- Explains investment decision-making tools including NPV, IRR, and real options
- Demonstrates effective use of capital budgeting and cost management frameworks
- Shows how to analyse financial statements in an oil and gas context
- Equips delegates with risk management tools including sensitivity and scenario analysis
- Combines contracts, projects, and financial performance into a single integrated approach
What are the Goals?
The overall objective is to give delegates the knowledge and skills to control the financial performance of oil and gas contracts and capital projects.
- Understand the fundamentals of oil and gas financial control
- Apply investment appraisal tools to capital projects
- Evaluate financing options and calculate cost of capital
- Use shareholder value and EVA as measures of project success
- Apply cost estimation, budgeting, and forecasting techniques
- Manage project and price risk using scenario analysis and financial derivatives
Who is this Training Course for?
- Project Managers and Project Controllers in the oil and gas industry
- Finance Managers, Analysts, and Accountants working with oil and gas contracts
- Commercial and Contract Managers responsible for capital projects
- Executives and Decision-Makers overseeing oil and gas investments
- Risk Managers and Planning Professionals seeking better financial control
- Auditors and Consultants working with oil and gas organisations
How will this Training Course be Presented?
The Financial Control for Oil and Gas Contracts and Capital Projects training course blends case studies, group exercises, and financial modelling workshops. Participants will analyse real project examples, interpret contracts, and apply investment appraisal techniques to oil and gas scenarios. Each session integrates discussion with practical exercises to reinforce understanding and ensure application to delegates’ own roles.
Organisational Impact
- Strengthened control over capital projects and contractual performance
- More informed decision-making in investment and capital allocation
- Improved project cost control and forecasting accuracy
- Reduced financial risk exposure in a volatile sector
- Enhanced ability to measure performance against strategic goals
- Greater accountability across project and contract management
Personal Impact
- Improved financial analysis and decision-making skills
- Confidence in applying investment appraisal tools to real projects
- Ability to analyse and interpret oil and gas financial statements
- Deeper understanding of cost management and budgeting frameworks
- Enhanced capability to evaluate and control project risk
- Stronger ability to link financial control to overall project success
Daily Agenda
Day One: Finance Fundamentals in the Oil & Gas Industry
- Historical and current challenges for the industry
- Evolution and development of oil and gas contracts
- Oil and gas industry goals and strategy
- The drivers of business value
- Fundamentals of oil and gas financial reporting
- Choosing the right key performance measures
Day Two: Oil and Gas Investment Decision Making
- The nature of oil and gas investments
- Project life-cycle and stage-gate approach
- Investment decision-making: NPV and IRR
- Investment decision-making: real options
- Oil and gas key investment metrics
- The capital investment budgeting process
Day Three: Financial Strategy and Control
- Financing oil and gas investments
- Calculating cost of capital
- Understanding Economic Value Added (EVA)
- Measuring and improving shareholder value
- Analysing and interpreting oil and gas financial statements
- Capital allocation decisions
Day Four: Project Cost Management and Planning
- Oil and gas costs and behaviour
- Cost estimation techniques
- The business performance management framework
- The benefits and limitations of budgeting
- Alternative approaches to budgeting
- Oil and gas industry forecasting techniques
Day Five: Risk Management in the Oil and Gas Sector
- An integrated approach to risk management
- Identifying oil and gas industry risk
- Sensitivity and scenario analysis for project economics
- Break-even analysis of oil price versus lifting costs
- Using derivatives to manage oil price fluctuations
- Lessons from oil price volatility and project failure
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
