Petroleum Project Economics and Risk Management Advanced Studies & Training Centre

The course will enable participants to apply a structured approach to project justification, investment appraisal and decision making in the upstream petroleum business

Who Should Attend?

Those with little or no previous project investment appraisal experience

COURSE OUTLINE

  • Basic concepts

Identifying project cash flows and sources of information

  • How to calculate the Accounting Rate of Return (ARR)

Project payback. Net present value (NPV). Internal rate of return (IRR)
and the cost of Capital. Profitability index (PI). Strengths & limitations 
of each method

  • Project ranking - how to choose the best alternative

How to optimise expenditure

  • How to deal with inflation

Taking account of taxation

  • Accounting measures vs. Economic measures

Understanding other financial criteria for decision making. Balancing short 
term vs. long term business objectives

  • Economics, risk and decisions - decision to points are risk points

Decision points for oil fields and gas fields. Risk & probability 
definitions and concepts. Risk identification, measurement & management. 
Forecasting as risk management. Assumptions, sensitivities & risk 
premia

  • Exploration and appraisal decisions, uncertainty, risk and exposure Monte Carlo Simulation

Economic models and spreadsheet design
Development decisions
Work scope definition and options. Decommissioning economics & risks. Cost 
estimating and Contingencies. Financing options. Construction contracts

  • Further development decisions and economic cut off
  • Preparing convincing project proposals
  • Post project appraisal

Learning Goal

Upon completion of the course, participants should be able to:

  • apply economic and risk management evaluation tools for the oil & gas project proposals
  • identify and quantify key uncertainties during field development and full life cycle economics
  • calculate the economic and financial viability of expenditure proposals projects under risk conditions
  • develop a structured approach to measuring, managing and combating commercial risk
  • assess the ranking of alternative projects
  • prepare convincing project proposals in a way that will win management, partner and government approval
  • improve project and business outcomes

Advanced Studies and Training Centre was established in the to bring together local business inpiduals with professional international trainers, with a view to facilitate learning

Keeping in mind the different cultural persity in Dubai, They offer trainings in a variety of subjects in both English and Arabic languages.

It is our mission to engage people in learning that inspires them to be involved and take action. 

Our services – from leadership coaching and development to employee motivation – reflect our belief that engaged and inspired people build success in businesses.

Advanced Studies and Training Centre creates highly structured customized learning programs that engage people, They help build success and inspire people to envision and achieve shared goals. 

Advanced Studies and Training Centre provides trainings and development programs in a variety of fields.

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Management, Leadership and Business Related Questions

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