An Intensive 5-day Training Course
Oil Industry Economics
Comprehension Analysis, Best Decision in Projects
Scheduled Dates
Classroom
| 28 Apr - 02 May 2025 | London - UK | $5,950 | RESERVE A SEAT |
| 10 - 14 Nov 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
Online
| 10 - 14 Nov 2025 | Online | $3,950 | RESERVE A SEAT |
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.
Why Choose this Training Course?
The economic growth of the oil industry is one of the strongholds of the world. Crude oil has become one of the main indicators of economic activity worldwide, due to its outstanding importance in the supply of the world's energy demands.
Oil plays a major role in practically every aspect of our lives from technology and transportation to the very food and business necessary for our survival. Recently, the analysis process has been challenged in how effectively it predicts and reacts to global events, while oil companies are generating record total profits and their profit margin is actually falling.
This PetroKnowledge training course will explain the primary components that impact economics in oil industry.
This PetroKnowledge training course will highlight:
- The overview economics in oil industry
- The contractual and fiscal system
- Refining and petrochemical economics
- How do economic analysis in project?
- How create decision analysis in project?
What are the Goals?
The objectives of this PetroKnowledge training course are to enrich of knowledge about oil industry economics. This PetroKnowledge training course has five key objectives:
- Understanding the economic perspective in oil industry
- Established contractual and fiscal system
- Explain refining and petrochemical economics
- Apply economic analysis in project
- Determine decision analysis in project
By the end of this PetroKnowledge training course, participants will learn to
- Better understanding the economic perspective in oil industry
- How to process the contractual and fiscal system
- How to understand refining and petrochemical economics
- How to apply economic analysis in project
- How to determine decision analysis in project
Who is this Training Course for?
The professional in oil industry in management position where they need deeper understanding in Oil industry economics, training course suitable to a wide range of professionals but will greatly benefit:
- Managers
- Engineering Managers
- Operational professionals
- Drilling Managers and supervisors
- Project Managers
- Planning Managers
- Financial Managers
- Contract Managers
How will this Training Course be Presented?
Participants to this PetroKnowledge training course will receive a thorough training on the subjects covered by the seminar outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Seminar methodology includes classroom-style with highly interactive, exercise and case studies the training course will be run using PowerPoint slide and video.
Organisational Impact
The organisational impact will be demonstrated by the employees participating in this training course:
- Having the desired outcomes in economics issues
- Making projects and contracting a high value-added process
- Higher productivity of manager involved the contract and project
- Having better manager in decision with alignment company goals
- Continuous improvement in managerial level to support the vision and mission organizations
- Having better analysis in economic and decision analysis
Personal Impact
Upon completion of this PetroKnowledge training course, participants will gain:
- Greater confidence in project and contract process related with economics in oil industry
- Mastering skills in project and contract activities
- Improved the knowledge of economic analysis
- Improved the ability of decision analysis
- Greater ability to develop professionally
- Increased job satisfaction by becoming more expert
Daily Agenda
Day One: Overview Economics in Oil Industry
- Oil supply and demand
- Oil market and prices
- Economic rent
- The economic perspective of the exploration, development, and production
- Geopolitics of drivers and impact
Day Two: Fiscal and Contractual
- Concessionary system
- Cashflow projection in concessionary system
- Production sharing contract
- PSC cashflow projection
- Double taxation
Day Three: Refining and Petrochemical Economics
- Overview refining and petrochemical
- Refining and petrochemicals demand
- Refining overcapacities
- The challenges for the refining sector
- Refining margins and costs
Day Four: Economic Analysis in Project
- Project economics
- Cost of capital and discount rate
- Net present value (NPV)
- Internal rate of return (IRR)
- Payback period
Day Five: Decision analysis in Project
- Decision analysis process
- Sensitivity analysis
- Expected monetary value
- Decision trees
- Value of information
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
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.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].
