Name: Financial Modelling & Petroleum Project Economics Training Course
Rating: 4.7 (1076 reviews)

Scheduled Dates

02 - 06 Nov 2026

Dubai - UAE

$5,950

Why Choose this Training Course?

This 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 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

What are the Goals?

This 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 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 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 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

Day 1: Financial Modelling Foundations for Oil and Gas

Structure and purpose of financial models
Introduction to the Excel modelling environment
Organising inputs, calculations and outputs
Descriptive statistics for oil and gas data
Graphical representation of financial and operational data
Trend, time series and correlation analysis

Day 2: Financial Analysis and Forecasting

Understanding oil and gas financial statements
Financial ratio analysis
Pyramids of ratios and performance relationships
Analysing relationships between energy products
Revenue, cost and cash flow forecasting
Building an integrated financial forecast in Excel

Day 3: Investment Appraisal and Petroleum Cash Flow

Petroleum project cash flow structure
Capital expenditure, operating expenditure and revenues
Depreciation, taxation and loss carry-forwards
Inflation and nominal versus real cash flows
Net Present Value, Internal Rate of Return and payback period
Developing an investment appraisal model in Excel

Day 4: Risk and Uncertainty in Petroleum Projects

Sources of risk and uncertainty in petroleum investments
Scenario analysis and stress testing
Sensitivity analysis and key value drivers
Probability distributions and expected value
Decision tree and farm-out decision analysis
Introduction to Monte Carlo simulation

Day 5: Integrated Oil Field Development Model

Structuring an integrated oil field economic model
Production, price, cost and fiscal assumptions
Calculating project cash flows and economic indicators
Assessing project delays and incremental investments
Conducting sensitivity and scenario analysis
Interpreting model outputs and supporting investment decisions

Certificate

Upon successful completion of this training course, delegates will be awarded an official PetroKnowledge Certificate of Completion, signed by the course facilitator. The certificate confirms successful participation and records the total learning hours completed.
Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.

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.

Related Categories

Finance & Accounting Project Management

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Financial Modelling & Petroleum Project Economics

Techniques for Managing Risk & Performance in Oil and Gas