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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
This PetroKnowledge training course is split into two modules:
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
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
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
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
Module I: 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:
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.
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