Scenario Planning in the Oil and Gas Industry

An Intensive 5 - Day Training Course

Scenario Planning in the Oil and Gas Industry

Scheduled Dates

22 - 26 Aug 2022 Vienna - Austria $5,950
03 - 07 Oct 2022 London - UK $5,950
05 - 09 Dec 2022 Amsterdam - The Netherlands $5,950
05 - 09 Jun 2023 Casablanca - Morocco $5,950
21 - 25 Aug 2023 Vienna - Austria $5,950
02 - 06 Oct 2023 London - UK $5,950
04 - 08 Dec 2023 Amsterdam - The Netherlands $5,950
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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?

Why Choose this Training Course?

With increased volatility of oil and gas prices, changing regulations, (geo)political conflicts and new technologies, planning and decision making in the oil and gas industry requires the use of multiple scenarios and real option valuation techniques to maximize potential upside and minimize potential downside. Over the last four decades the scenario planning has become the planning methodology of choice by all major players in the field. Featuring the latest artificial intelligence and dynamic planning tools, this PetroKnowledge training course will enable you to help your company to outsmart the competition.

This training course will feature:

  • The history and state of the art scenario planning
  • The use of Artificial Intelligence and Big Data Analysis
  • Real option valuation techniques to help decision making (both up- and downstream)
  • Scenario planning as a process within the organization
  • Facilitation and reporting techniques

What are the Goals?

What are the Goals?

By the end of this training course, participants will be able to:

  • Analyze relevant economic, technological, legal and social trends using big data analysis
  • Develop multiple realistic scenarios for your company
  • Create scenarios for planning and decision making purposes
  • Facilitate scenario planning workshops
  • Present to board level decision makers with impact

Who is this Training Course for?

Who is this Training Course for?

This PetroKnowledge training course is for current and future planners, strategists, analysts and economists on project, division and corporate level within the oil and gas industry, but also for investment banks and investors.  Individuals who are seeking for a future C-lever executive position.

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Planners
  • Investment analysts
  • Strategists
  • Economists
  • Future executives
  • Oil and Gas executives

How will this Training Course be Presented?

How will this Training Course be Presented?

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes lectures explaining the theory, methodology and history, “war stories”, examples and case studies from inside and outside the industry (including videos), and “hands on” practice. Participants will develop their own scenarios during the course and will get feedback.

Daily Agenda

Day One: History and Theory of Scenario Planning

  • Overview of the course
  • Introductions
  • History of Scenario planning
  • Theory of scenario based strategy
  • Trend analyses using Artificial Intelligence and Big Data
  • Horizon scanning and early warning systems

Day Two: Exploring the World of Oil & Gas

  • Case studies and examples
  • Defining predetermined elements and key uncertainties
  • Deep dive: Modelling
  • Developing Scenario frameworks
  • Facilitating scenario workshops

Day Three: Developing Scenarios

  • Steps in developing scenarios and the Power of Stories
  • Creating narratives and timelines
  • Quantification of scenarios
  • Integrating Qualitative and Quantitative Material
  • Presenting Scenarios to decision makers, executives and stakeholders

Day Four: Using Scenarios (Real Options)

  • Introduction to Real Options Theory
  • Call and put options in up- and downstream investments
  • Stress testing and wind tunneling existing strategies
  • Developing real options to minimize downside risk and maximize upside potential
  • Quantification of options using a binominal approach
  • Using Options Theory to valuate investments and support decision making

Day Five: Strategy, Planning and Taking it Home

  • Linking scenarios and options to strategy, planning and budgeting processes
  • Transferring the methodology to your existing strategy and planning process
  • Essential soft skills, personal and team competences
  • Road mapping next steps
  • Evaluation of the course

Certificate

  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

In Association With

AZTech Training & Consultancy

Our collaboration with AZTech Training & Consultancy  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 reg@petroknowledge.com

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 info@petroknowledge.com.

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© 2022. Material published by PetroKnowledge shown here is copyrighted.

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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