An Intensive 10-day Training Course
The 10-Day Advanced Financial Modelling &
Petroleum Project Economics
Techniques for Managing Risk & Performance in Oil and Gas
Scheduled Dates
Classroom
| 03 - 14 Nov 2025 | Dubai - UAE | $11,900 | RESERVE A SEAT |
| 05 - 16 Jan 2026 | Dubai - UAE | $11,900 | RESERVE A SEAT |
| 12 - 23 Jan 2026 | Kigali - Rwanda | $11,900 | RESERVE A SEAT |
| 02 - 13 Mar 2026 | London - UK | $11,900 | 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?
In the globally competitive world of the 21st century, business decision-makers face unprecedented levels of change, risk and uncertainty and nowhere is this more true than in the oil and gas sector. To survive and flourish in this dynamic environment petroleum professionals need the right tools with which to analyse the economic and other challenges faced by their organisations and to anticipate and manage the many opportunities and threats that may emerge. Traditional forms of economic and financial analysis no longer meet these needs and the most progressive firms are using the power of financial models to help them analyse the challenges and take a more powerful approach to managing risk and uncertainty in their planning and forecasting.
This PetroKnowledge 10-Day Advanced Financial Modelling & Petroleum Project Economics training course will highlight:
- The challenge of risk and uncertainty in modern business
- Principles of business planning and performance management
- How financial models can be used to improve business decision-making
- Practical skills in designing financial models using Excel
- Advanced approach to analysing oil and gas sector economic indicators
MODULES
This PetroKnowledge training course is split into two modules:
MODULE I - Financial Analysis, Modelling & Forecasting
MODULE II - Petroleum Project Economics & Risk Analysis
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.
What are the Goals?
This 10-Day Advanced Financial Modelling & Petroleum Project Economics training course has been designed to provide petroleum sector delegates with real practical skills to design and build financial models that will have highly relevant applications in modern oil and gas organisations. By applying advanced techniques for economic and financial analysis, delegates will develop improved skills in forecasting and business decision-making.
At the end of this 10-Day Advanced Financial Modelling & Petroleum Project Economics training course, you will learn to:
- Plan the design and functionality of economic and financial models in Excel
- Use powerful functions built in to Excel for statistical and financial analysis
- Apply financial analysis techniques to improve investment decision-making
- Design and build financial models for forecasting sales, costs and profit
- Implement up to date techniques for managing risk and uncertainty
- Use financial models to assist in business decision-making
Who is this Training Course for?
This 10-Day Advanced Financial Modelling & Petroleum Project Economics training course is designed to provide useful insights and practical skills to professionals from a wide range of disciplines and industry sectors, but particularly those involved in planning, forecasting and investment decision-making in an age of risk and uncertainty.
This PetroKnowledge 10-Day Advanced Financial Modelling & Petroleum Project Economics training course is suitable to a wide range of petroleum sector professionals but will greatly benefit:
- Finance Professionals
- Budgeting and Planning Managers
- Commercial Managers
- Divisional Managers
- Purchasing and Supply Chain Managers
- Project Managers
How will this Training Course be Presented?
This is a highly participative workshop style training course focused on developing practical skills that delegates can apply in real life business situations on return to their own organisation. Each module includes a thorough review of the relevant theory before focusing on life-like business case studies with which delegates can practice the design and construction of financial models, analysis tools and forecast applications in Excel, using laptops provided for the training course.
Organisational Impact
The organisation will benefit from the practical implementation of up to date techniques in financial analysis, forecasting and financial modelling that can be applied to improve the quality and relevance of business decision-making in the context of modern levels of risk and uncertainty – specifically:
- An integrated approach to managing business risk and uncertainty
- The use of financial analysis tools improve business information and insights
- Application of economic and financial models to petroleum project decision-making
- Improved forecasting tools and performance management systems
- Better quality information as the basis for capital investment decisions
Personal Impact
Delegates will benefit from this hands-on workshop that has been designed to provide them with the essential theory of financial analysis, forecasting and financial decision-making whilst focusing heavily on building the practical skills to develop their own financial models in Excel.
The 10-Day Advanced Financial Modelling & Petroleum Project Economics training course will greatly enhance their contribution to organisational performance and improve their career prospects by:
- Developing an awareness of the nature and management of risk and uncertainty
- Greater involvement in management planning and decision-making
- Improved knowledge of Excel and its most powerful financial functions
- Using powerful Excel economic and financial modelling skills for forecasting and decision-making
- Applying up to date methods to planning and forecasting
- Understanding and applying investment decision-making techniques
Daily Agenda
Module 1: Financial Analysis, Modelling & Forecasting
Day One: The Competitive Challenge in the 21st Century
- Identifying and Managing Stakeholder Needs
- Business Models and How They are Disrupted
- An Integrated Approach to Risk Management
- The Essentials of Business Performance Management
Day Two: Fundamentals of Financial Modelling
- Financial Statements Basics
- Fundamentals of Financial Modelling
Day Three: Mastering Financial Analysis
- Building a Financial Ratio Database in Excel
- Practical Modelling: The Cost-Volume-Profit Relationship
- Measuring and Improving Return On Investment
- Measuring and Improving Asset Management Efficiency
- Measuring and Managing Capital Structure and Risk
- Practical Modelling: The Effect of Gearing on Shareholders’ Earnings
Day Four: Improving Financial Forecasting
- Practical Modelling: Using Excel Statistical Analysis Tools
- Avoiding Common Forecasting Problems
- Using Moving Averages to Analyse Time Series Data
- Using Linear Regression for Sales Trend Analysis
- Using Excel Solver to Minimise Forecasting Error
- Using Regression and Correlation to Forecast Costs
- Practical Modelling: Cash Flow Forecasting
Day Five: Financial Models to Improve Investment Decision-making
- Principles of Capital Investment Decision-making
- Sources and Cost of Business Finance
- Practical Modelling: Using Excel Discounted Cash Flow Tools
- Practical Modelling: Capital Investment Analysis
- Essentials of Business Valuation
- Practical Modelling: Business Valuation Based on Shareholder Value Added
Day Six: Managing Risk and Uncertainty
- Identifying and Analysing Business Risk
- Probability Based Approach to Decision-making
- Monte Carlo Simulation
- Sensitivity Analysis and “what-if” Forecasting
- Identifying the Key Drivers of Financial Performance
- Practical Modelling: Key Driver “what-if” Forecast
Module 2: Petroleum Project Economics & Risk Analysis
Day Six: Cashflow Analysis
- Familiarization with Economic terms
- Setting up Cashflow Calculation
- Depreciation Methods
- Loss Carry Forwards
- Inflation
- Nominal & Real Cashflow
- Sunk Costs
- Project Financing
Day Seven: Economic Indicators
- Economic Indicators Definitions
- Present Value Concept
- Discount Factor
- Net Present Value
- Internal Rate of Return
- Effect of Project Delay
- Payback Period
- Profit / Investment Ratio
- Incremental Projects
Day Eight: Risks and Uncertainties
- Risk & Uncertainty
- Expected Value Concept
- Decision Tree Analysis
- Farm-out Decision
- Probability Analysis
- Sensitivity Analysis
- Probability Distribution
- Monte Carlo Simulation
Day Nine: Setting up Spreadsheet Calculation
- Introduction to Spreadsheet Calculation
- Simple Cashflow using Excel
- NPV Calculations
- Application of Economic Indicators
- Class Discussion
Day Ten: Day Eleven: Setting up Oil Field Development Model
- Setting up an Integrated Economic Model of a Typical Oil Field Development
- Project Sensitivity Analysis for the Selected Model
- Introduction to Russell Field Model
- Final Remarks
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
In Association With
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].
