An Intensive 10-Day Training Course
Financial Modelling and
Petroleum Project Economics
Techniques for Managing Risk & Performance in Oil and Gas
Scheduled Dates
| 24 Apr - 05 May 2023 | Dubai - UAE | $11,900 |
| 03 - 14 Jul 2023 | Houston TX - USA | $13,900 |
| 30 Oct - 10 Nov 2023 | London - UK | $11,900 |
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
The Structure
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 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:
- 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 II: 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
- Group Activities
- 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, a PetroKnowledge 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
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Oxford Management Centre
Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.
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