This 5-day PHASE 1 Petroknowledge Training Course is concerned with one of the most important activities in the development of oil and gas business-forecasting the oil prices, as basis for planning and investment. As we have learned that oil prices are depending on many factors, and that prices simulations need to be much more stringent in order to determine the actual risk that our investment is facing.
A critical component of decision-making in the energy industry deals with the aspect of “Whither oil prices?”: Where do we expect prices to move in the near- and distant-terms? Participants in the Energy Industry are constantly confronted with a wide range of information regarding current and prospective prices in their industry. Broadly, this data comes from analyses of supply-and-demand changes, geopolitical events and the financial markets, including the commodity markets.
The oil projects require lot of investment, and it takes years for the oilfield to start producing profit, therefore adequate forecasts are essential for companies to understand when and how their returns on investment will appear and how valuable will they be.
While providing the requisite background on the economics of financial commodity markets, as well as the statistical tools required to understand them, this Petroknowledge Training Course demonstrates how the financial and commodity markets provide useful information for the generation of “expected prices,” or forecast prices, in the critical areas of oil, natural-gas and refined products. In so doing, the training course will also demonstrate the important distinction between valuation and risk/return analyses.
This Petroknowledge training course will develop an understanding of pricing, risk management, asset valuation and derivatives within the energy markets:
The objectives of this Petroknowledge training course are to provide a comprehensive introduction to the computation and application of forecast prices in the energy industry, with a focus on the oil, natural-gas and refined products segments. Inter alia, the training course presents the basic statistical tools required to operationalize these concepts.
At the end of this Petroknowledge training course, participants will learn to:
This Petroknowledge training course is suitable to a wide range of professionals but will greatly benefit individuals working in financial analysis, valuation, trading, risk management or quantitative analysis positions with oil and gas exploration companies; investment and commercial banking, consulting, and financial services firms in the energy sector; production and distribution companies; energy trading firms; and corporations outside the energy industry with a significant cost exposure to energy prices.
In terms of job titles, these individuals include:
The Petroknowledge training course will be presented through a combination of four methodologies:
From the perspective of the organization, the Petroknowledge training course conveys to critical personnel the;
As a means of preparing individuals for the higher managerial rungs in their organization, the skills acquired in this course include understanding the:
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.
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