An Intensive 5-day Training Course

Petroleum Project Economics & Risk Analysis

Techniques for Opportunity Evaluation and Assessment of Risk and Uncertainty

NASBA PMI Registered Training Courses

Course Introduction

Exploration and Production companies often must evaluate their potential E&P investment using proper present value analysis of expected future cash-flows. From the projected cash-flows and required investments, the annual rate of return and other project economic indicators can be extracted to evaluate the significance of company investment.

This Petroleum Project Economics & Risk Analysis training course provides practical guidance in the application of the techniques of the economic analysis currently used in the Oil & Gas industry. When executing a petroleum related project, one should be able to choose the best alternative from economic point of view as well as to properly evaluate various investment opportunities by determining economic indicators and sensitivity analysis. Techniques for predicting profit, production, costs, and cash-flow enable the analyst to evaluate decision alternatives for optimum results. Understanding economic indicators, risk and uncertainty, different economic structures such as tax regimes and production sharing contracts, enhances the quality and the value of economic analysis.

This Oxford Management Centre training course will highlight:

  • Familiarization with the application techniques of the economics analysis in the Oil & Gas industry
  • Petroleum related project evaluation methods
  • Screening of the petroleum projects based on evaluating the investment opportunities
  • Identifying the risks and uncertainties of the project
  • Application of risk management methods in mitigating the identified risks of the project

Objectives

The primary objectives of this Petroleum Project Economics & Risk Analysis training course are to:

  • Understand various economic terms used in the Oil & Gas industry
  • Understand how to develop economic models of various petroleum fiscal regimes
  • Carry out cash-flow analysis, different economic analyses for petroleum related project and determine economic indicators
  • Evaluate and quantify risks and uncertainties
  • Make the right investment decision in the presence of risk
  • Carry out a comprehensive economic evaluation study for any petroleum related project including risk analysis and sensitivity study using spreadsheet
  • Contribute to the petroleum project investment within a solid economic system and do a detailed economic evaluation
  • Contribute to the decision-making process for any petroleum related project

Training Methodology

The training approach is based on principles of economic evaluation of petroleum related project with focusing on step by step developing economic models, determining economic indicators, evaluating and quantifying risks and uncertainties and making the right investment decision for the project. To facilitate that, the Microsoft Excel based economics modules will be built and all discussions will be provided using high quality power point slides.

Organisational Impact

By sending delegates on this training course, your organization will benefit by:

  • Participants learn about the application of economic valuation and risk assessment processes and techniques within the global Oil & Gas industry
  • Help the participants to identify and analyze the risk involved in a petroleum related project
  • Help the participants to apply the decision-making procedures to justify the petroleum projects in term of profitability
  • Help the participants to recognize the uses of options in the ranking criteria to select and execute the high profitable project
  • Putting values to the Oil & Gas companies’ active project through interpretation of economic results of applied case studies
  • Help participants to recognize and identify the influencing parameters for oil and gas field developments

Personal Impact

By attending this training course, you will:

  • Learn to construct a project cash-flow model
  • Gain the techniques in project ranking and screening
  • Gain the operational decision-making techniques under risk
  • Capable of identifying the uncertainties in petroleum related project and how to manage them
  • Enhance the participant’s awareness about influential parameters in an oil and gas field development plan

Who Should Attend?

This Petroleum Project Economics & Risk Analysis training course is designed to provide technical and practical approaches to executing a petroleum related project in upstream sector.

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Oil & Gas Field Engineers
  • Oil & Gas Managers
  • Oil & Gas Auditors
  • Oil & Gas Planners
  • Financial Analysts
  • Project Management Professionals

Course Outline

Day One

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 Two

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 Three

Risks and Uncertainties

  • Risk & Uncertainty
  • Expected Value Concept
  • Decision Tree Analysis
  • Farm-out Decision
  • Probability Analysis
  • Sensitivity Analysis
  • Probability Distribution
  • Monte Carlo Simulation
Day Four

Setting up Spreadsheet Calculation

  • Introduction to Spreadsheet Calculation
  • Simple Cash-flow using Excel
  • NPV Calculations
  • Application of Economic Indicators
  • Class Discussion
Day Five

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

NASBA
PMI Registered Training Courses

In association with

GLOMACS Training & Consultancy

GLOMACS Training & Consultancy

Visit website

PetroKnowledge

PetroKnowledge

Visit website

The Energy Training Centre

The Energy Training Centre

Visit website

This training course is also part of below 10-day title:

Petroleum Project Economics & Risk Analysis
Duration
5 days
Format
Classroom, Live/Online
Language
English
Certificate
Yes
Choose the date and location that suits you:
Classroom Sessions
Dubai
28 Apr-02 May 2025
Fee: $5,950
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Dubai
23-27 Jun 2025
Fee: $5,950
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Houston
14-18 Jul 2025
Fee: $6,950
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Istanbul
11-15 Aug 2025
Fee: $5,950
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London
25-29 Aug 2025
Fee: $5,950
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Abu Dhabi
25-29 Aug 2025
Fee: $5,950
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London
15-19 Sep 2025
Fee: $5,950
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Rome
13-17 Oct 2025
Fee: $5,950
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Dubai
10-14 Nov 2025
Fee: $5,950
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London
22-26 Dec 2025
Fee: $5,950
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Dubai
12-16 Jan 2026
Fee: $5,950
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Kigali
19-23 Jan 2026
Fee: $5,950
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London
09-13 Mar 2026
Fee: $5,950
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Dubai
27 Apr-01 May 2026
Fee: $5,950
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Dubai
22-26 Jun 2026
Fee: $5,950
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Houston
13-17 Jul 2026
Fee: $6,950
Book your place
Istanbul
10-14 Aug 2026
Fee: $5,950
Book your place
Abu Dhabi
24-28 Aug 2026
Fee: $5,950
Book your place
London
24-28 Aug 2026
Fee: $5,950
Book your place
London
14-18 Sep 2026
Fee: $5,950
Book your place
Rome
12-16 Oct 2026
Fee: $5,950
Book your place
Dubai
09-13 Nov 2026
Fee: $5,950
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London
21-25 Dec 2026
Fee: $5,950
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Online Sessions
Live/Online
23-27 Jun 2025
Fee: $3,950
Book your place
Live/Online
14-18 Jul 2025
Fee: $3,950
Book your place
Live/Online
13-17 Oct 2025
Fee: $3,950
Book your place
Live/Online
22-26 Jun 2026
Fee: $3,950
Book your place
Live/Online
13-17 Jul 2026
Fee: $3,950
Book your place
Live/Online
12-16 Oct 2026
Fee: $3,950
Book your place

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

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:

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.


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