An Intensive 10-day Training Course
Financial Modelling and Petroleum Project Economics
Techniques for Managing Risk & Performance in Oil and Gas
Course Introduction
This 10-day Financial Modelling and Petroleum Project Economics training course is designed to provide participants with an integrated and practical understanding of financial analysis tools and techniques for the oil and gas industry. The focus of the training is building proforma analysis, learning different methods of financial analysis and forecasting, and applying different risk analysis tools to investments or projects.
The training course format is based on a careful balance of formal lecturers by leading experts and cases, which illustrates the applications of the different techniques using Excel. The training course will be valuable to those working in the upstream to downstream and provide them with sufficient knowledge of modern financial analysis and forecasting.
Highlights of this Financial Modelling and Petroleum Project Economics training course include:
- Use of Excel from basics to the most advanced level
- Real world approach to the discipline
- Numerous examples based around the oil and gas industry
- Dual approach that not only develops modelling skills but also financial management skills
Modules
This training course is split into two modules:
MODULE I - Financial Modelling in the Oil & Gas Industry
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 2-week training course.
Objectives
This Financial Modelling and Petroleum Project Economics training course provides delegates with the tools required to find better answers to questions such as:
- How to improve the quality of the quantitative analysis of my corporate presentations
- How to model and advise on hedging price changes in the oil and gas industry
- How to model investment appraisal techniques and utilise decision trees to model the option to abandon
- How to analysis the company and highlights areas that need improvement
Training Methodology
Each of the sessions will involve formal lectures, demonstration of modelling techniques and the opportunity for practical application. Screen recordings of important techniques and examples will be made available to delegates to assist in the practical applications and to facilitate application of the techniques used when they approach to the workplace
Organisational Impact
By sending delegates on this Financial Modelling and Petroleum Project Economics training course, your organisation will benefit by:
- Providing your staff with the opportunities to develop high level financial management techniques appropriate to the Oil and Gas industry
- Updating their quantitative techniques
- Enabling them to make better informed decisions
- Transforming their Excel skills so that they leave with advanced knowledge of Excel for financial modelling
- Ability to understand area that requires improvements within the organisations
Personal Impact
By attending this Financial Modelling and Petroleum Project Economics training course, you will:
- Have advanced ability in financial modelling using Excel
- Have a better skills set when contributing to corporate decisions
- The ability to question important decisions formed using financial modelling
- A thorough analysis of the company performance using modern techniques
Who Should Attend?
This Financial Modelling and Petroleum Project Economics training course is suitable to a wide range of professionals but will greatly benefit:
- Oil & Gas Field Engineers
- Oil & Gas Managers
- Oil & Gas Auditors
- Financial Analysts
- Supervisors
- Decision-makers and Financial Modelers in the up-stream and down-stream Oil and Gas industry
- High level Managers integral to the decision making process who wish to develop their financial modelling skills
- Project manager who wishes to expand their knowledge of financial modelling and petroleum project economics
Course Outline
Module 1: Financial Modelling in the Oil & Gas Industry
Day One
Introduction to the Excel Environment with Oil and Gas
- A Quick-start Tutorial for Excel
- Describing Data Sets Using Statistics
- Representing Data sets Graphically
- Understanding the Concept of Normal Distribution and practical application
- Trend Analysis Using Excel
- Time Series Analysis
Day Two
Statistical Analysis (Applied to the Oil and Gas Industry) Using Excel
- Use of Excel Functions for Statistical Analysis
- Descriptive Statistics and their applications:
- Mean
- Median
- Standard Deviation
- Skewness
- Kurtosis
- Use of Scatter Diagrams, Frequency and Histogram Distribution
- Regression Techniques to Calculate the Cost of Equity Financing
- Analysis of Equity Returns of Oil and Gas Industry and Companies
Day Three
Oil Product Spreads
- Examining the Relationship between Energy Products
- Differences between Data Sets and their importance.
- Correlation Analysis
- Confidence Intervals
- Application of Analysis of Variance (ANOVA)
Day Four
Investment Appraisal Using Excel
- Investment Appraisal using NPV, IRR, and Payback as Applied to the Oil and Gas Industry
- Use of Excel Functions for Investment Appraisal: IRR, PV and NPV
- Modified Internal Rate of Return (MIRR)
- Use of Scenario Analysis and Stress Testing
- Predicting Financial Distress
Day Five
Financial Analysis in the Up and Down Stream Oil and Gas Industry
- Introduction to Financial Statements
- Ratio Analysis Applied to the Oil and Gas Industry
- Ratios as a System – Pyramids of Ratios
- Financial Modelling
- Cash Flow Forecasts Using Excel
Module 2: Petroleum Project Economics & Risk Analysis
Day Six
Cash-flow Analysis
- Familiarization with Economic terms
- Setting up Cash-flow Calculation
- Depreciation Methods
- Loss Carry Forwards
- Inflation
- Nominal & Real Cash-flow
- 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 Cash-flow using Excel
- NPV Calculations
- Application of Economic Indicators
- Class Discussion
Day Ten
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
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]
Note: Discounts are not applicable with any other special offer that may be available.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to [email protected]
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email [email protected] or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
