Financial Modelling and Petroleum Project Economics

An Intensive 10-day Training Course

Financial Modelling and
Petroleum Project Economics

Techniques for Managing Risk & Performance in Oil and Gas

Financial Modelling and Petroleum Project Economics

Scheduled Dates

Classroom

01 - 12 Jul 2024 Houston TX - USA $13,900 RESERVE A SEAT
12 - 23 Aug 2024 London - UK $11,900 RESERVE A SEAT
30 Sep - 11 Oct 2024 Rome - Italy $11,900 RESERVE A SEAT
28 Oct - 08 Nov 2024 Dubai - UAE $11,900 RESERVE A SEAT
09 - 20 Dec 2024 London - UK $11,900 RESERVE A SEAT
06 - 17 Jan 2025 Dubai - UAE $11,900 RESERVE A SEAT
13 - 24 Jan 2025 Kigali - Rwanda $11,900 RESERVE A SEAT
17 - 28 Feb 2025 London - UK $11,900 RESERVE A SEAT
31 Mar - 11 Apr 2025 London - UK $11,900 RESERVE A SEAT
21 Apr - 02 May 2025 Dubai - UAE $11,900 RESERVE A SEAT

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Why Choose this Training Course?

This 10-day Financial Modelling and Petroleum Project Economics training course is designed to provide participants with an integrated and practical understanding of financial analysis tools and techniques for the oil and gas industry. The focus of the training is building proforma analysis, learning different methods of financial analysis and forecasting, and applying different risk analysis tools to investments or projects.

The training course format is based on a careful balance of formal lecturers by leading experts and cases, which illustrates the applications of the different techniques using Excel. The training course will be valuable to those working in the upstream to downstream and provide them with sufficient knowledge of modern financial analysis and forecasting.

Highlights of this Financial Modelling and Petroleum Project Economics training course include: 

  • Use of Excel from basics to the most advanced level
  • Real world approach to the discipline
  • Numerous examples based around the oil and gas industry
  • Dual approach that not only develops modelling skills but also financial management skills

MODULES

This PetroKnowledge training course is split into two modules:

MODULE I - Financial Modelling in the Oil & Gas Industry

MODULE II - Petroleum Project Economics & Risk Analysis

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.

What are the Goals?

This Financial Modelling and Petroleum Project Economics training course provides delegates with the tools required to find better answers to questions such as:

  • How to improve the quality of the quantitative analysis of my corporate presentations
  • How to model and advise on hedging price changes in the oil and gas industry
  • How to model investment appraisal techniques and utilise decision trees to model the option to abandon
  • How to analysis the company and highlights areas that need improvement

Who is this Training Course for?

This Financial Modelling and Petroleum Project Economics training course is suitable to a wide range of professionals but will greatly benefit:

  • Oil & Gas Field Engineers
  • Oil & Gas Managers
  • Oil & Gas Auditors
  • Financial Analysts
  • Supervisors
  • Decision-makers and Financial Modelers in the up-stream and down-stream Oil and Gas industry
  • High level Managers integral to the decision making process who wish to develop their financial modelling skills
  • Project manager who wishes to expand their knowledge of financial modelling and petroleum project economics

How will this Training Course be Presented?

Each of the sessions will involve formal lectures, demonstration of modelling techniques and the opportunity for practical application. Screen recordings of important techniques and examples will be made available to delegates to assist in the practical applications and to facilitate application of the techniques used when they approach to the workplace

Organisational Impact

By sending delegates on this Financial Modelling and Petroleum Project Economics training course, your organisation will benefit by:

  • Providing your staff with the opportunities to develop high level financial management techniques appropriate to the Oil and Gas industry
  • Updating their quantitative techniques
  • Enabling them to make better informed decisions
  • Transforming their Excel skills so that they leave with advanced knowledge of Excel for financial modelling
  • Ability to understand area that requires improvements within the organisations

Personal Impact

By attending this Financial Modelling and Petroleum Project Economics training course, you will:

  • Have advanced ability in financial modelling using Excel
  • Have a better skills set when contributing to corporate decisions
  • The ability to question important decisions formed using financial modelling
  • A thorough analysis of the company performance using modern techniques

Daily Agenda

Module 1: Financial Modelling in the Oil & Gas Industry
Day One: Introduction to the Excel Environment with Oil and Gas  
  • A Quick-start Tutorial for Excel
  • Describing Data Sets Using Statistics
  • Representing Data sets Graphically
  • Understanding the Concept of Normal Distribution and practical application
  • Trend Analysis Using Excel
  • Time Series Analysis
Day Two: Statistical Analysis (Applied to the Oil and Gas Industry) Using Excel 
  • Use of Excel Functions for Statistical Analysis
  • Descriptive Statistics and their applications:
    • Mean
    • Median
    • Standard Deviation
    • Skewness
    • Kurtosis
  • Use of Scatter Diagrams, Frequency and Histogram Distribution
  • Regression Techniques to Calculate the Cost of Equity Financing
  • Analysis of Equity Returns of Oil and Gas Industry and Companies
Day Three: Oil Product Spreads  
  • Examining the Relationship between Energy Products
  • Differences between Data Sets and their importance.
  • Correlation Analysis
  • Confidence Intervals
  • Application of Analysis of Variance (ANOVA)
Day Four: Investment Appraisal Using Excel  
  • Investment Appraisal using NPV, IRR, and Payback as Applied to the Oil and Gas Industry
  • Use of Excel Functions for Investment Appraisal: IRR, PV and NPV
  • Modified Internal Rate of Return (MIRR)
  • Use of Scenario Analysis and Stress Testing
  • Predicting Financial Distress
Day Five: Financial Analysis in the Up and Down Stream Oil and Gas Industry 
  • Introduction to Financial Statements
  • Ratio Analysis Applied to the Oil and Gas Industry
  • Ratios as a System – Pyramids of Ratios
  • Financial Modelling
  • Cash Flow Forecasts Using Excel
Module 2: Petroleum Project Economics & Risk Analysis
Day Six: Cashflow Analysis
  • Familiarization with Economic terms
  • Setting up Cashflow Calculation
  • Depreciation Methods
  • Loss Carry Forwards
  • Inflation
  • Nominal & Real Cashflow
  • Sunk Costs
  • Project Financing
Day Seven: Economic Indicators
  • Economic Indicators Definitions
  • Present Value Concept
  • Discount Factor
  • Net Present Value
  • Internal Rate of Return
  • Effect of Project Delay
  • Payback Period
  • Profit / Investment Ratio
  • Incremental Projects
Day Eight: Risks and Uncertainties
  • Risk & Uncertainty
  • Expected Value Concept
  • Decision Tree Analysis
  • Farm-out Decision
  • Probability Analysis
  • Sensitivity Analysis
  • Probability Distribution
  • Monte Carlo Simulation
Day Nine: Setting up Spreadsheet Calculation
  • Introduction to Spreadsheet Calculation
  • Simple Cashflow using Excel
  • NPV Calculations
  • Application of Economic Indicators
  • Class Discussion
Day Ten: Setting up Oil Field Development Model
  • Setting up an Integrated Economic Model of a Typical Oil Field Development
  • Project Sensitivity Analysis for the Selected Model
  • Introduction to Russell Field Model
  • Final Remarks

Certificate

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

In Association With

GLOMACS Training

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

Oxford Management Centre

Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.

The Energy Training Centre

Our collaboration with The Energy Training Centre aims to provide the best training services and benefits for our valued clients.

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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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