Financial Modelling in the Oil & Gas Industry

An Intensive 5-Day Training Course

Financial Modelling in the Oil & Gas Industry

Financial Management Skills, Financial Modelling and Forecasting

Scheduled Dates

25 - 29 Dec 2022 Dubai - UAE $4,950
24 - 28 Apr 2023 Dubai - UAE $5,950
03 - 07 Jul 2023 Houston TX - USA $6,950
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We provide a wider range of training options. Tailored and customized, we can deliver your organization’s training needs anytime, anywhere.

Why Choose this Training Course?

This PetroKnowledge Financial Modelling in the Oil & Gas Industry training course is aimed to senior and middle managers to enhance the understanding of appropriate use of Excel. It is critical in a growing and yet competitive environment to have the ability to use Excel to its fullest. This is designed to provide in-depth knowledge of using Excel in financial modelling. Upon completing this training course, the participants will have the requisite tools to utilise Excel effectively and be better equipped to challenge decisions and also learn how to deal with several important issues related to financial modelling, performance measurements, setting targets and to be able to explain the effects on the overall results of the company.

In addition, working in the upstream or downstream and the career progression is being restricted by outdated knowledge of modelling techniques, measuring performance, and limitations, then this will help you move your career forward.

This PetroKnowledge training course will highlight:

  • Applications of Excel from the basics to the most advanced use of Excel
  • A real-world approach to the discipline
  • Numerous examples based around the oil and gas industry
  • A dual approach that develops not only modelling skills but also financial management skills
  • In-depth analysis of the performance using statistical techniques

What are the Goals?

By the end of this Financial Modelling in the Oil & Gas Industry training course, the participants will be able to:

  • Improve the quality of the quantitative analysis of corporate presentations
  • Apply financial modelling in the oil and gas industry
  • Effectively assess the appropriate discount rate
  • Use the model investment appraisal techniques
  • Use business statistics to enhance operations and target setting for the organization

Who is this Training Course for?

This PetroKnowledge training course is a suitable wide range of professionals but will significantly benefit:

  • Decision Makers and Performance Monitoring Specialists
  • Budgeting and Financial Modelling Specialists
  • Accountant and Analysts
  • Financial Analysis Specialists
  • Junior Managers in Data Analyst

How will this Training Course be Presented?

This PetroKnowledge Financial Modelling in the Oil & Gas Industry training course will incorporate both theory and skill training components, applying hands-on exercises, facilitation of group discussions, practical case studies, and real-life examples.

Organisational Impact

The organisation will benefit the following upon participating this training course is profound:

  • Providing opportunities to develop high-level financial management techniques
  • Appropriate application of the financial modelling to the Oil and Gas industry
  • Updating their quantitative techniques to enable them to make a better-informed decision
  • Transforming Excel skills to advanced knowledge of Excel for financial modelling
  • Enhancing the ability to apply business statistics
  • Effective data analysis to improve day-to-day operation activities

Personal Impact

This impact of this training course to the participants are manifold and includes:

  • Advanced ability in financial modelling using Excel
  • Gain larger skills set when contributing to corporate decisions
  • Ability to question important decisions formed using financial modelling
  • Ability to use statistics in the operation and performance measurements
  • Setting consistent targets using statistical analysis
  • A clear understanding of performance measurements

Daily Agenda

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
  • 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:
    • 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
  • Correlation Analysis
  • Confidence Intervals
  • 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


  • 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

Visit Website ›

Oxford Management Centre

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

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • 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 56 222 7795 | +971 2 557 7389 or send an email to

When and how do I arrange payments?

  • 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.

When should I expect to receive confirmation of registration?

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.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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