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

Upstream Petroleum Economics, Risk and Fiscal Analysis

Scheduled Dates

Classroom

10 - 14 Jun 2024 London - UK $5,950 RESERVE A SEAT
09 - 13 Sep 2024 Lisbon - Portugal $5,950 RESERVE A SEAT
16 - 20 Dec 2024 Dubai - UAE $5,950 RESERVE A SEAT

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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.

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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 / Online Training Course, a PetroKnowledge Certificate / E-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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Frequently Asked Questions

  • 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

  • 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.

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.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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