An Intensive 5-Day Training Course
Upstream Petroleum Economics,
Risk and Fiscal Analysis
Maximizing Profitability and Managing Risks in the Upstream Oil and Gas Industry
Scheduled Dates
| 05 - 09 Feb 2024 | London - UK | $5,950 |
| 10 - 14 Jun 2024 | London - UK | $5,950 |
| 09 - 13 Sep 2024 | Lisbon - Portugal | $5,950 |
| 16 - 20 Dec 2024 | Dubai - UAE | $5,950 |
Why Choose this Training Course?
PetroKnowledge offers a specialized training course on upstream petroleum economics, risk, and fiscal analysis of the upstream petroleum sector, providing participants with a robust understanding of the financial and economic factors that influence upstream oil and gas operations. Crafted meticulously, this upstream petroleum training course aims to instil participants with an in-depth knowledge of critical economic and financial constructs underpinning the upstream oil and gas sector. It delivers key insights into the petroleum value chain, from exploration to production, focusing on risk management strategies and fiscal analysis.
Participants will learn how to assess and handle the typical risks associated with exploration and production, along with understanding investment dynamics within the industry. The training course aims to equip attendees with practical skills to evaluate the financial prospects and profitability of potential projects comprehensively.
Introduction
The training course will cover upstream petroleum economics, risk management, and fiscal analysis. Participants will learn how to analyze and manage risks associated with exploration, production, and investment activities and conduct financial analysis to evaluate the profitability of different projects.
By the end of this PetroKnowledge Upstream Petroleum Economics, Risk and Fiscal Analysis training course, participants will be able to:
- Understand the critical economic and financial concepts that drive the upstream oil and gas industry, including the upstream petroleum value chain, fiscal systems, and financial metrics.
- Analyze and manage risks associated with upstream oil and gas operations, including exploration, production, and investment activities.
- Conduct financial analysis to evaluate the profitability of different projects, using techniques such as cash flow analysis, time value of money, and sensitivity and scenario analysis.
- Evaluate and select profitable projects using capital budgeting techniques and investment criteria.
- Apply the concepts learned in real-world situations by analyzing case studies and participating in practical exercises.
- Communicate effectively with other teams and organizational stakeholders, using a common language and understanding of key economic and financial concepts.
- Enhance their skills and knowledge of upstream petroleum economics, risk management, and fiscal analysis to improve their career prospects and contribute more effectively to their organization.
Who is this Training Course for?
This Upstream Petroleum Economics, Risk and Fiscal Analysis training course is ideal for:
- Project Managers
- Finance Professionals
- Senior Executives
- Exploration and Production Professionals
- Government Regulators
- Investment Professionals
Organisational Impact
- Participants will learn how to evaluate and manage risks associated with upstream oil and gas operations, enabling them to make informed decisions about exploration, production, and investment activities.
- By conducting fiscal analysis, participants can identify profitable projects and avoid unprofitable ones, leading to increased profitability for the organization.
- The course will provide participants with a common language and understanding of key economic and financial concepts, facilitating better communication and collaboration between different teams within the organization.
Personal Impact
This training course will be of personal benefit to delegates by providing them with:
- A deeper understanding of the economic and financial factors that drive the upstream oil and gas industry and practical skills for analyzing and managing risks and conducting fiscal analysis.
- Enhance expertise and make them more valuable to their organization, potentially leading to career advancement opportunities.
- Developing a solid understanding of economic and financial concepts, participants will feel more confident in contributing to their organization and making informed decisions.
Daily Agenda
Day One: Introduction to Upstream Petroleum Economics
- Overview of the Upstream Oil and Gas Industry
- Basic economic concepts and principles
- Overview of the upstream petroleum value chain
Day Two: Risk Management in Upstream Petroleum
- Understanding risk and uncertainty
- Types of Risks in upstream oil and gas operations
- Risk management strategies and tools
Day Three: Fiscal Analysis in Upstream Petroleum
- Overview of fiscal systems in the Oil and gas industry
- Key financial metrics for evaluating upstream projects
- Fiscal Analysis Techniques for Decision-making
Day Four: Project Economics
- Estimating project costs and revenues
- Cash flow analysis and time value of money
- Sensitivity and scenario analysis
Day Five: Investment Analysis
- Capital budgeting techniques
- Investment criteria and Decision-making
- Portfolio management and diversification
Certificate
- 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
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