Upstream Petroleum Economics,  Risk and Fiscal Analysis

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

11 - 15 Sep 2023 Lisbon - Portugal $5,950
04 - 08 Dec 2023 London - UK $5,950
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Why Choose this Training Course?

This PetroKnowledge training course aims to provide participants with a thorough understanding of the fundamental economic and financial concepts that drive the upstream oil and gas industry. 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: Project managers involved in upstream oil and gas projects who are responsible for managing project budgets, timelines, and risks.
  • Finance Professionals: Finance professionals who work in the oil and gas industry, including financial analysts, controllers, and accountants. These professionals need to understand the industry's critical economic and financial concepts to provide accurate financial information and analysis.
  • Senior Executives: Senior executives, including CEOs, CFOs, and COOs, who want to gain a deeper understanding of the financial and economic aspects of the upstream oil and gas industry to make informed decisions and manage risks.
  • Exploration and Production Professionals: Exploration and production professionals, including geologists, reservoir engineers, and production engineers, must understand the financial implications of their decisions and activities.
  • Government Regulators: Government regulators overseeing the upstream oil and gas industry need to understand the fiscal and economic impact of their policies and regulations.
  • Investment Professionals: Investment professionals involved in upstream oil and gas investments, including private equity investors, venture capitalists, and investment bankers.

How will this Training Course be Presented?

The training program will be delivered through lectures, case studies, group discussions, and practical exercises to ensure a comprehensive understanding of the key concepts and their practical application.

Organisational Impact

  • Improved decision-making: 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.
  • Increased profitability: By conducting fiscal analysis, participants can identify profitable projects and avoid unprofitable ones, leading to increased profitability for the organization.
  • Improved communication: 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

  • Enhanced skills and knowledge: Participants will gain 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.
  • Improved career prospects: The course will enhance participants' expertise and make them more valuable to their organization, potentially leading to career advancement opportunities.
  • Increased confidence: By 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

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 50 981 7386 | +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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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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