An Intensive 5-day Training Course
Petroleum Policy & Economics
Navigating Market Dynamics in a Transforming World
Scheduled Dates
Classroom
| 01 - 05 Dec 2025 | Houston TX - USA | $6,950 | RESERVE A SEAT |
| 06 - 10 Jul 2026 | Houston TX - USA | $7,950 | RESERVE A SEAT |
| 30 Nov - 04 Dec 2026 | Houston TX - USA | $7,950 | 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 oil & gas industry is a dynamic and high-stakes environment. It presents unique analytical challenges where every decision has far-reaching consequences. The inherent uncertainty in oil and gas decisions is also multifaceted, stemming from both geological and market-borne aspects. Yet as the famous investor Warren Buffett has aptly put it, "Risk comes from not knowing what you're doing." This Petroleum Policy & Economics training course prepares participants to tackle the challenges of decision making in the oil and gas industry by providing them with skills in project decision analysis, economic evaluation, and policy analysis.
Learning policy analysis in the oil and gas industry is crucial for making informed, strategic decisions that maximize value and mitigate risks amidst complex market dynamics, regulatory changes, and geopolitical shifts. It enables professionals to understand how policies impact project economics, investment, and sustainability. By the end of this Petroleum Policy & Economics training course, participants will have the knowledge and skills to steer projects through industry uncertainties and towards profitable outcomes.
This Petroleum Policy & Economics training course will highlight:
- Petroleum industry landscape and long-term trends
- Project decision analysis, profitability measures, and risk assessment techniques
- Energy transition and economics of decisions
- Cash flow modeling, investment decision measures, and sensitivity analysis
- Risk management using decision trees, Monte Carlo simulations, and probability distributions
- Strategic Decision-Making insights by evaluating project options
- Decision recommendations using investment analysis, scenario planning, and the use of software models
- The analytical challenges unique to the oil and gas industry
What are the Goals?
Petroleum industry is the realm of large bets with uncertain outcomes. Yet as John A. Shedd mentions "A ship in the harbor is safe, but that is not what ships are built for."
At the end of this Petroleum Policy & Economics training course, you will learn to:
- Analyze petroleum industry landscape and trends to understand global shifts
- Evaluate project profitability and risk techniques to optimize investment decisions
- Assess energy transition impacts on economics to adapt future strategies
- Apply cash flow modeling and investment measures to accurately gauge performance
- Manage project risks using advanced simulations to quantify uncertainty effectively
- Develop strategic decision insights by evaluating project options to maximize value
- Recommend optimal investment scenarios using analysis to guide key choices
- Address oil and gas analytical challenges to enhance problem-solving capabilities
Who is this Training Course for?
This training course benefits anyone involved in making or supporting project decisions within the oil and gas industry. It is specifically beneficial for project managers, financial analysts, engineers (Project, Petroleum, Operations), risk analysts, business development managers, investment analysts, operations managers, portfolio managers, strategic planners, and anyone involved in the process of project decision-making.
This PetroKnowledge Petroleum Policy & Economics training course is suitable to a wide range of professionals but will greatly benefit:
- Project Managers
- Financial Analysts
- Engineers (Project, Petroleum, Operations)
- Risk Analysts
- Business Development Managers
- Investment Analysts
- Operations Managers
- Portfolio Managers and Strategic Planners
How will this Training Course be Presented?
This training course uses an interactive learning environment where participants actively engage in discussions, case studies, and practical exercises to reinforce learning key concepts. The instructor brings extensive academic and consulting experience to the table. He blends robust concept descriptions with learning through real-world examples and applications. Ideas are presented clearly, fostering a "learning for doing" approach, so participants can confidently apply their knowledge to solve complex project challenges.
Organisational Impact
Employees with the knowledge and skills of this training course contribute to better decision-making that benefits everyone by optimizing project economics, improving resource allocation, and mitigating financial risks. Furthermore, understanding petroleum policy development and economics adds strategic value and strengthens the organization's competitive advantage. This improves the long-term financial sustainability of the organization in the dynamic oil and gas and energy industry.
- Employees make informed, prudent decisions
- Project risks are better assessed and managed
- Project profitability is enhanced through better analysis
- Resource allocation improves, maximizing return on investments
- Competitive advantages and financial sustainability are strengthened
Personal Impact
This training course significantly enhances participants’ decision-making and analytical skills, empowering them to navigate complex and uncertain situations even beyond the petroleum industry landscape. By mastering key tools like financial modeling, risk assessment, and strategic planning, employees will develop a broader skillset that leads to more career growth opportunities. The specialized knowledge gained in project economics and decision analysis will not only increase their value to the company but also strengthen their expertise in the oil and gas and energy industry. This training course
- Enhances decision-making and analytical skills
- Empowers navigating complex, uncertain situations
- Broadens skillset for career growth
- Increases value to their company
- Strengthens industry expertise
Daily Agenda
Day One: Industry Foundations, Policy Context & Economic Principles
- Global petroleum industry landscape and long-term trends
- Government policy and its impact on industry structure
- Analytical challenges unique to oil and gas projects
- Introduction to project decision analysis
- Scenario Analysis for better decision making
Day Two: Fiscal Regimes, Cash Flow & Sensitivity
- Understanding petroleum fiscal regimes and their impact
- Cash flow modeling components for oil and gas projects
- Core profitability measures (NPV, IRR, Payback)
- Impact of commodity price forecasts and policy changes on cash flows
- Techniques for sensitivity analysis
- Tutorial: Daisy Project embedded green technology in petroleum production
Day Three: Policy Risk, Quantitative Risk Management
- Project risks, including political and regulatory risks
- Introduction to decision trees for sequential decision analysis
- Applying decision trees to evaluate project options under risk
- Principles of Monte Carlo simulations for quantifying uncertainty
- Probability distributions for key uncertain variables, including policy-related uncertainties
- Tutorial: field development for Enceladus project
Day Four: Energy Policy, Advanced Risk & Strategic Insights
- Running and interpreting Monte Carlo simulations using software
- Energy transition and related energy policies
- Policy incentives/disincentives affecting economics of decisions
- Strategic decision-making insights for long-term project value
- Evaluating complex project options in a dynamic market
Day Five: Policy-Driven Recommendations & Outlook
- Integrating economic analysis, risk assessment, and strategic insights
- Robust decision recommendations based on comprehensive analysis
- Upcoming Developments in energy landscape: shale boom
- Upcoming Developments in energy landscape: Emission Allowance Markets
- Software models for advanced decision support
- Capstone exercise: Formulating and presenting strategic project recommendations
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?
Pre-Course Cancellation
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.
Refund Policy Disclaimer
All course bookings made through PetroKnowledge are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
PetroKnowledge reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
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].
