Oil and Gas Project Economics and Risk Leadership
Course Overview
In today’s competitive energy market, making sound investment decisions is critical to the success of petroleum projects. This intensive five-day course equips participants with the skills to evaluate project economics, quantify risks, and make strategic decisions that enhance value creation in the oil and gas industry.
Through hands-on spreadsheet modeling, real-world case studies, and expert-led sessions, participants will gain the ability to analyze fiscal regimes, perform cash flow analysis, apply economic indicators, and incorporate risk and uncertainty into decision-making. The program covers the full lifecycle of petroleum project economic evaluation — from early investment screening to detailed risk analysis — ensuring participants can lead with confidence in capital allocation and project planning.
Course Objectives
By the end of this course, participants will be able to:
* Understand and apply key economic terms used in the oil and gas industry.
* Develop economic models for various petroleum fiscal regimes.
* Carry out cash flow analysis and evaluate petroleum projects using key economic indicators.
* Assess and quantify risks and uncertainties in oil and gas investments.
* Apply decision-making techniques under conditions of risk.
* Conduct comprehensive project evaluations including sensitivity and scenario analysis.
* Use spreadsheet tools to build integrated petroleum project models.
* Contribute effectively to investment decisions with robust economic justifications.
Programme Outline
**Day 1 – Fundamentals of Petroleum Project Economics**
* Familiarization with economic terminology in the oil and gas sector
* Setting up cash flow calculations
* Depreciation methods and loss carry-forwards
* Inflation considerations: nominal vs real cash flow
* Sunk costs and project financing basics
**Day 2 – Economic Indicators for Decision-Making**
* Definitions and applications of key indicators
* Present Value and Discount Factor concepts
* Net Present Value (NPV) and Internal Rate of Return (IRR)
* Impact of project delays on economics
* Payback period, Profit/Investment ratio, and incremental project analysis
**Day 3 – Risk and Uncertainty Analysis**
* Risk vs. uncertainty in petroleum projects
* Expected value and decision tree analysis
* Farm-out decisions and probability analysis
* Sensitivity analysis and probability distribution methods
* Monte Carlo simulation for economic modeling
**Day 4 – Spreadsheet Modeling for Petroleum Economics**
* Introduction to spreadsheet-based economic modeling
* Building simple cash flow models in Excel
* NPV calculations and indicator applications
* Setting up an oil field development model
* Group activities and collaborative problem-solving
**Day 5 – Integrated Project Evaluation and Leadership Insights**
* Developing a comprehensive oil field economic model
* Performing project sensitivity analysis
* Introduction to the Russell field model
* Best practices for economic leadership in petroleum projects
* Final remarks and course wrap-up
Training Methodology
* Expert-led lectures and interactive presentations
* Practical exercises using spreadsheets
* Group discussions and collaborative modeling activities
* Case studies and scenario simulations
* Step-by-step guidance on economic evaluation tools
Who Should Attend
This course is ideal for professionals involved in petroleum project evaluation, investment planning, and economic analysis, including:
* Petroleum Economists and Financial Analysts
* Project Managers and Planners
* Asset Managers and Portfolio Analysts
* Business Development Managers
* Engineers involved in feasibility and project evaluation
* Government officials in energy and fiscal policy roles
Certification
Upon successful completion, participants will receive a **KELeaders Certificate of Completion** in *Oil and Gas Project Economics and Risk Leadership*.
Enquiries & Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
