An Interactive 10-Day Training Course
Financial Modelling and Petroleum Project Economics
Techniques for Managing Risk & Performance in Oil and Gas
Course Overview
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 GLOMACS 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.
Training Outline
Module 1: Financial Modelling in the Oil & Gas Industry
DAY 1 to DAY 5:
- Introduction to the Excel Environment with Oil and Gas
- A Quick-start Tutorial for Excel
- Describing Data Sets Using Statistics
- Representing Data sets Graphically
- Use of Excel Functions for Statistical Analysis
- Descriptive Statistics and their applications
- Regression Techniques to Calculate the Cost of Equity Financing
- Analysis of Equity Returns of Oil and Gas Industry and Companies
- Examining the Relationship between Energy Products
- Differences between Data Sets and their importance.
- Use of Excel Functions for Investment Appraisal: IRR, PV and NPV
- Modified Internal Rate of Return (MIRR)
- Use of Scenario Analysis and Stress Testing
- Introduction to Financial Statements
- Ratio Analysis Applied to the Oil and Gas Industry
- Ratios as a System – Pyramids of Ratios
Module 2: Petroleum Project Economics & Risk Analysis
DAY 6: Cashflow Analysis
- Familiarization with Economic terms
- Setting up Cashflow Calculation
- Depreciation Methods
- Loss Carry Forwards
- Inflation
- Nominal & Real Cashflow
- Sunk Costs
- Project Financing
DAY 7: 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 8: Risks and Uncertainties
- Risk & Uncertainty
- Expected Value Concept
- Decision Tree Analysis
- Farm-out Decision
- Probability Analysis
- Sensitivity Analysis
- Probability Distribution
- Monte Carlo Simulation
DAY 9: Setting up Spreadsheet Calculation
- Introduction to Spreadsheet Calculation
- Simple Cashflow using Excel
- NPV Calculations
- Application of Economic Indicators
- Class Discussion
DAY 10: 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
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS 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. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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